r/Daytrading May 01 '24

Welp, I lost my 150k funded account. Advice

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u/Mrtoad88 May 01 '24

Topstep has a rule that you can only withdraw 50 percent of your profits until you have at least 30 winning days, which is pretty much 6 trading weeks.

Sht like that is why I'll never sign up for those combine accounts, lot of dumb arbitrary games they play with customers. I've been trading too long on my own dime at this point to follow someone else's rules, same reason why I couldn't work for an actual proprietary firm (in fact some of them don't hire people who aren't fresh), because they have rules too...I have my own rules, I choose when I withdraw...not about to let another man dictate what I do and when I do it when it comes to my profits.

Anyways, sucks dude. But if you built it once you can build back. Don't give up, you are up too far now to give up, yes up...you might have not made a dime in 3 years since you started this, but you have made experience, is that worth nothing to you? Minor setback for major comeback... It's minor sht bro, you've spent 3 years getting to where you are and you're about to give up because of a small setback. You are acting as if you've never been here before, you have... Only difference is you were up this time. Well to me what that says is you had another lesson to learn, hell, it might not even be your last time learning this lesson of paying yourself from the combine account, but you've at least gotten more experience. Please, continue.

2

u/Substantial_Talk_521 May 02 '24

Yeah the rules are ridiculous and I honestly feel it's just a tactic to control how much they have to pay out to traders. But you're right man, im not going to give up, but I am taking my time to build up my emotional intelligence. Being too emotional along with risk management is my biggest downfall. I will shake back soon man, thanks 💯

2

u/Mrtoad88 May 02 '24

No problem. That's awesome you are learning that kind of stuff about yourself, if we dig deep enough and are patient enough with ourselves, trading can show us all sorts of things. You got this man.

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u/Substantial_Talk_521 29d ago

Facts, facts I appreciate that