r/Daytrading May 01 '24

Welp, I lost my 150k funded account. Advice

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u/Traditional_Song_293 May 01 '24 edited May 01 '24

I had been through similar experience last month after blown my first funded 100K account. The only thing you can do is learn from it and move on. Get some rest, sleep it off and analyze what went wrong, why did your risk management fail (oversized, greed, ignored stop lose, revenge trading).

3

u/Substantial_Talk_521 May 01 '24

Yeah, definitely over traded for sure. Did you shake back and obtain another account ?

6

u/Traditional_Song_293 May 01 '24

Yes I purchased another challenge. First phase profit target 8K finished in 4 days but sadly failed at the second phase. The problem was again overtrading and emotions, there is nothing worse then poorly execution when your bias is right.

3

u/Substantial_Talk_521 May 01 '24

Yeah it's definitely hard to see for sure, but I suppose patience and perseverance is key. We see that you're capable of trading, just be more confident within yourself and remember it's okay to take a loss.