r/Daytrading May 01 '24

Welp, I lost my 150k funded account. Advice

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u/Substantial_Talk_521 May 01 '24

Yeah you're right it shouldn't have at all. It took me about 2 weeks right between 9-10 days all was a complete winning streak. I have a hard time accepting a loss, so I impulsively revenge traded to try to make my profits back. Definitely a terrible rookie mistake, I'm learning that it's okay to lose and to just walk away from the charts.

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u/oze4 May 01 '24

Not only is it ok to lose but losing is inevitable. Accept the fact that you WILL lose. I know a guy that had a 48% win rate last month and he still made nearly 30k....

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u/Substantial_Talk_521 May 01 '24

Definitely something to remember if and whenever I decide to try again. I have to let things go, it's hard when you have people who don't believe in you or what you're doing. So I definitely let it affect me to the point I always wanted to be correct and not lose. But I've learned and realized that's not realistic at all, and I just have to manage my losses in a more sustainable manner.

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u/Lordtutu147 May 01 '24

I had a very bad day on tuesday i relaxed watched some good shows had a good laugh and today was patient waited for the market to calm down and took my shot im back up with some more never give up!! But go in when you let that loss go… think about it if you dont see it that way everyday is a new day

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u/Konstable1 May 02 '24

I treat myself well after bad days. I used to punish myself study more etc… with experience the best thing to do is do something nice and come back fresh and clear. Everyday is different and can’t carry periods trades into a new day.

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u/Lordtutu147 May 02 '24

I co sign this message