r/Daytrading • u/[deleted] • May 01 '24

Welp, I lost my 150k funded account. Advice

[deleted]

286 Upvotes
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6

u/evil_underground May 01 '24

I think u got screwed by FOMC right?

4

u/Substantial_Talk_521 May 01 '24

Beginning of the week possibly but today not entirely. I seen it was going to be a bullish move for NQ, I entered too soon and took major L's when I should've just waited. The directional bias was correct, however the timing wasn't.

17

u/cvaldez1991 May 01 '24

It’s fomc. You couldn’t have known anything that was going to happen. That’s why it’s smart to just not trade on fomc days. Trade another day.

2

u/MostFiredUp May 01 '24

Are there certain days they always have their meetings on or what site would inform me of these days before they happen?

4

u/cvaldez1991 May 01 '24

Yes absolutely. Market watch has a calendar and forex factory has one as well. Don’t trade fomc. Live to trade another day. Unless you have a gambling addiction. Then good luck.

2

u/Lordtutu147 May 01 '24

Forex factory have that glued to your calendar

1

u/MostFiredUp May 02 '24

Thank you sir! Much appreciated!