diff --git a/src/terminal/parser/stateMachine.cpp b/src/terminal/parser/stateMachine.cpp
index fa2f86afd98..9ea8ff47c09 100644
--- a/src/terminal/parser/stateMachine.cpp
+++ b/src/terminal/parser/stateMachine.cpp
@@ -383,7 +383,10 @@ static constexpr bool _isActionableFromGround(const wchar_t wch) noexcept
 void StateMachine::_ActionExecute(const wchar_t wch)
 {
     _trace.TraceOnExecute(wch);
-    _engine->ActionExecute(wch);
+    const bool success = _engine->ActionExecute(wch);
+
+    // Trace the result.
+    _trace.DispatchSequenceTrace(success);
 }
 
 // Routine Description:
@@ -397,7 +400,11 @@ void StateMachine::_ActionExecute(const wchar_t wch)
 void StateMachine::_ActionExecuteFromEscape(const wchar_t wch)
 {
     _trace.TraceOnExecuteFromEscape(wch);
-    _engine->ActionExecuteFromEscape(wch);
+
+    const bool success = _engine->ActionExecuteFromEscape(wch);
+
+    // Trace the result.
+    _trace.DispatchSequenceTrace(success);
 }
 
 // Routine Description:
@@ -409,7 +416,11 @@ void StateMachine::_ActionExecuteFromEscape(const wchar_t wch)
 void StateMachine::_ActionPrint(const wchar_t wch)
 {
     _trace.TraceOnAction(L"Print");
-    _engine->ActionPrint(wch);
+
+    const bool success = _engine->ActionPrint(wch);
+
+    // Trace the result.
+    _trace.DispatchSequenceTrace(success);
 }
 
 // Routine Description:
diff --git a/src/terminal/parser/tracing.cpp b/src/terminal/parser/tracing.cpp
index 54f689017ea..727883e9bdf 100644
--- a/src/terminal/parser/tracing.cpp
+++ b/src/terminal/parser/tracing.cpp
@@ -76,7 +76,11 @@ void ParserTracing::TraceCharInput(const wchar_t wch)
 
 void ParserTracing::AddSequenceTrace(const wchar_t wch)
 {
-    _sequenceTrace.push_back(wch);
+    // Don't waste time storing this if no one is listening.
+    if (TraceLoggingProviderEnabled(g_hConsoleVirtTermParserEventTraceProvider, WINEVENT_LEVEL_VERBOSE, 0))
+    {
+        _sequenceTrace.push_back(wch);
+    }
 }
 
 void ParserTracing::DispatchSequenceTrace(const bool fSuccess) noexcept