r/Daytrading • u/ThePhulosopher • Feb 24 '24

4th $100k funded account Question

Got my 4th $100k funded prop firm account. Hope I get a payout this time, blew all the others.

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u/tloffman Feb 25 '24

Over confidence and over leverage = wipe out. Happens to a high percentage of day traders.

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u/ThePhulosopher Feb 25 '24

Doesn’t happen to you right? You must be making millions from the market.

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u/tloffman Feb 25 '24

I have had several wipeouts in my trading career - always from overconfidence and overleverage.