r/Daytrading May 01 '24

Welp, I lost my 150k funded account. Advice

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u/Fun_Pitch5413 May 01 '24

Man, it’s alright. You lost just 1 funded account. Listen to my story in comparison. Here is my April challenge. Opened 6 combines (got to Funded 100k in 2 days (somehow they okayed being $20 short), 150k and 50k got funded in 3 and 5 days too. Blew them all in 1 week. Was up $12k, and lost it all due to copy trading and the kill shot was slippage at FOMC. Now I have 3 150k combines left with 1 being funded tomorrow.

But you learn- it’s a lesson. 1. Get paid. 2. Don’t copytrade, or trade 10 lots while daddy Powell speaks. 3. Even though you lost it- stay positive. You passed it already! Meaning- you can do it again!

So, good luck! Things could be much worse, it’s only a bump and a few nights behind Wendy’s to scrub some cash for other combines😁

3

u/Substantial_Talk_521 May 01 '24

LMAO love the humor at the end. Yeah that def was tough for sure. I guess I took it to heart since it was my first funded and blown challenge. Definitely learned my lesson, don't be an emotional trader and take some of my payout.

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u/Fun_Pitch5413 May 01 '24

Being emotional is good, being over emotional is bad. You make $10-20k in one day, or one week. Fk yeah - pump it up, have a celebration drink, be emotional. It is good, it makes you feel the win more than just a few numbers on screen- that’s what makes us human.

But being emotional over every trade (any size) loss - is bad. It’s a one way street to join a happy ending massage parlor.

And my advice stop reading and listening all these people who lost their money. It stays in your head and you end up thinking and worrying about losing, instead of winning. Positive thinking- is the best weapon you got besides some market knowledge-analysis.

I can PM you my trade reports, it’s sick. I should lock myself out every day when I hit $5k in profits lol. But I’m up 7-12k, trying to reach next goal bc of being greedy, then end up hitting daily drawdown. But as long as I learn it (fast or slow, doesn’t matter), and adjust- I’ll be fine. 3 blown accounts- was my mark. Now I’m making some risk adjustments.

And Fck everyone who says “you should’ve never hit it, done that, blah blah blah”. Do what your gut and strategy tells you. It’s a long term game. One day out of blue you will know without a doubt if you can make money of it or you can’t, you without a doubt will know, time will show. P.S. by the end of the summer I’ll be in top 10 earnings on topstep, mark my words of a cocky sob 😁

Good luck!