Market Recap July 11th - Traded Trump News, Missed the Context

Hi there, welcome to my prop firm challenge. This is the recap of trading day 28 with my funded performance account.

🔍 Summary: Friday was not a good day. The market was heavily influenced in the pre-session by Trump news – and I let it distract me. I focused too much on the bearish news narrative and ignored the technical signals pointing to a bullish context. I ended up taking four short trades, each one a controlled loss. No overtrading, no account damage – but still, a clear mental mistake.

📊 Market: Technically, we were still in the same bullish context as the days before. But the pre-session sell-off, triggered by Trump headlines, formed a bearish imbalance, and the market opened near the value area low of the prior day – a weak bearish signal. The session began with strong selling in the first 15 minutes……but then strong buyers stepped in and drove price back toward the weekly fair value area. Unfortunately, I stayed focused on the news and shorted against the bigger picture. I completely ignored the fact that the prior bullish imbalance was never broken, and that no real confirmation for my short bias existed.

🧠 Lessons Learned: Looking back, this was a classic mental trap. Yes, the news was negative. Yes, we opened weak. But that was no confirmation for a short. The bullish structure was still intact:

We never broke the previous weekly midpoint.
We bounced from the weekly value area low.
Prior bullish imbalance worked
There was zero follow-through on the sell-side.

Instead of staying neutral and waiting for confirmation, I traded my bias and not the chart. Each short was well managed – losses were small – but the mindset was off. I chased an idea that never materialized. That’s the difference between trading the market vs. trading the news.

📩 That was my recap for the last trading day. If you enjoy this kind of honest insight into my challenge, feel free to drop a like or leave a comment!

Have you ever traded your bias instead of the chart?
Let me know – I’d love to hear how you handled it.

Thanks for watching & see you in the next one!

Bye Bye 👋

Nicolas

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