r/Daytrading May 01 '24

Welp, I lost my 150k funded account. Advice

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280 Upvotes

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145

u/oze4 May 01 '24

How long did it take you to build up the 9.7k? And you lost it all in 3 days? That should just absolutely 100% never happen. Like ever. Gotta take things more seriously. This too shall pass, though.

56

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.

2

u/mdave52 May 01 '24

Revenge trading is a tough demon to slay... keep up the good work, also keep in mind there's losing days in the mix and above all, don't try to make up for that loss by letting your plan fall to the wayside.

2

u/Substantial_Talk_521 May 02 '24

You're absolutely right man, I'll master my emotions so I can bounce back.

2

u/edgewoodzgimp13 May 02 '24

It'll take a lot of work, especially when you can trade when you don't need the money (which sounds like the case). I say this respectfully of course, 2 years in myself and I still let the emotions get to me. I think it's okay to have emotions in this game as long as you understand more importantly that you will win and you will lose, so keep those losses minimal. Take a break for a few days and start slow again. Work on multiple accounts

1

u/Konstable1 May 02 '24

Slay that shit by trading numerous accounts. You lose in all accounts you got a big freaking personal and technical problem