Day Trading is BRUTAL

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  • Опубліковано 23 гру 2024

КОМЕНТАРІ • 569

  • @BoVosh
    @BoVosh 9 місяців тому +79

    The struggle is real bro. I feel your pain. It's the toughest part of trading.

    • @themikwebber
      @themikwebber  9 місяців тому +6

      Yes it is, Im learning every day. I appreciate your positivity my friend!

    • @bpb5541
      @bpb5541 5 місяців тому +1

      No its not. I have a max loss of $60 a trade and $200 day. Those don't need to be your numbers but my account is still small under 100k. If you had a crazy bad day you don't have max per trade and max per day losses ... get it into your trading plan.

    • @escapevelocityvideos
      @escapevelocityvideos 5 місяців тому

      @@bpb5541 The discipline is still needed to follow your plan! But good on you for being able to stick to it.

  • @dumpsterpumps
    @dumpsterpumps Рік тому +53

    I once heard we as humans are limited to 3 emotional choices a day before we go into decision fatigue, even though when trading we are not emotional per say there is a big emotional choice once opening a trade. Maybe you should limit you daily entries to a sweet spot where you don't get to a point of decision fatigue. Losing days happen, like my trading buddy says, tomorrow is another day .

    • @themikwebber
      @themikwebber  Рік тому +4

      Most of my successful days are under 4-5 trades for sure. My high frequency days can vary widely. Great insight, thanks a lot

    • @cartwrightimages7099
      @cartwrightimages7099 7 місяців тому +1

      That's funny. My first 2 trades per day are always $1000 to $1200 move. EVERY WEEKDDAY! Then I go in again and again with small moves and I loose and I end up loosing most of my winnings same day on small trades that I wasn't sure of. I'm going to make thus my policy. 2 trades per day. Thats literally $2k+ if I actually stick to it.

  • @charlestheawakened
    @charlestheawakened 5 місяців тому +12

    And this is how real it can get. We felt every word you said. Here is to better trading days, being consistent and the first million.

    • @themikwebber
      @themikwebber  5 місяців тому

      Thank you Charles. I appreciate the positivity my friend

  • @Jayytrades
    @Jayytrades 9 місяців тому +4

    Just keep showing up! And don’t quit! I felt that for so long now I’m finally getting the hang of it

    • @themikwebber
      @themikwebber  8 місяців тому

      Thank you for the positivity my friend! I will

    • @mvrz6
      @mvrz6 9 днів тому

      😂

  • @scorpioindigoo
    @scorpioindigoo 5 місяців тому +10

    Every successful trader goes thru this at one point!! You got it

    • @themikwebber
      @themikwebber  5 місяців тому +2

      Thank you for the positivity my friend

  • @BradOcean
    @BradOcean 10 місяців тому +9

    Dude I feel the hell out of that, Sincerely. Right there with you.

    • @themikwebber
      @themikwebber  10 місяців тому

      Thanks Brett. That’s why I have this channel to try to show what most people go through lol

  • @pappyb401
    @pappyb401 Рік тому +5

    The pain is real so so real, I’ve blown soo many funded accounts from not walking away from my screen after losses. It’s the hardest thing to do but the change needed to really grow. Best of luck man your video really resonated with me.

    • @themikwebber
      @themikwebber  Рік тому

      Thanks brother. The goal is to show how this process is for a lot of people. Not exactly what the trading influencers show lol

  • @wegogym34
    @wegogym34 2 місяці тому +7

    I just bought my 1st funded account last week and I feel you sir. I am down 2k. But these losses taught me so much. This is part of the process of becoming a better trader/profitable. Thanks for sharing. Glad to see real ones in the trading community.

    • @themikwebber
      @themikwebber  2 місяці тому +1

      Thank you for the love my friend 🙏🏼 yeah it’s a very tough process but in the bright side we learn a lot about ourselves lol. Good luck to you brother

  • @mattrodrigues7445
    @mattrodrigues7445 5 місяців тому +19

    Brother. No worse feeling. Been there.. totally hear you and thanks for sharing. The pain will become strength man!!

    • @themikwebber
      @themikwebber  5 місяців тому

      I appreciate the positivity brother,

  • @timjr6931
    @timjr6931 5 місяців тому +8

    I’m sitting here dying laughing, not at you but with you because it’s all the emotion I have left after feeling this pain you’ve gone through. Too simplistic to say “been there done that”, but I’m still in the thralls of making huge mistakes that I know better then to do. I’ll get there and so will you, we just gotta keep trying.

    • @themikwebber
      @themikwebber  5 місяців тому

      That’s right.and I’m still so new at this game too, trying not to be too hard on myself

  • @tmxpy5652
    @tmxpy5652 Рік тому +3

    Respect for your honesty. Everybody will go through those dark patches. This will make you stronger, trust me!

  • @sybentley6675
    @sybentley6675 5 місяців тому +23

    The battle of self. I have never had any thing be able to demoralize me like this. So so hard.
    It's hard to turn it off, which hit's the same receptors as gambling addiction.

    • @themikwebber
      @themikwebber  5 місяців тому +2

      That’s absolutely true. It’s a tough game out here for sure

    • @bpb5541
      @bpb5541 5 місяців тому

      If you feel like you are gambling you are not trading. Trading is not gambling. Get a plan, learn just a few set ups, and get them down pat on just a few things. I recommend the NASDAQ E mini futures contract. Always use stop loss orders, have max per trade, max per day, and max per week set. You need to know the exact event that gets you into a trade. Where exactly the stop gets set, where you add, when you move your stop to break even, and when you take profits (the hardest part). If you don't do this ... just go to Vegas and put it all on black.

  • @andrewdavies5414
    @andrewdavies5414 2 місяці тому +1

    I’m 3 years into this and feel close to breakthrough but still having too many days like that. It IS BRUTAL on the emotions l. I’ve never experienced anything like it. Hitting the heights of frustration then beating myself up to wanting to give up. Glad I subscribed to you and to be on this journey together mate

    • @themikwebber
      @themikwebber  2 місяці тому

      I appreciate your positivity! It’s not easy at all but hopefully we will make it happen

  • @alexbernardo7124
    @alexbernardo7124 Місяць тому +1

    I salute you sir. Just hang in there. With the level of bravery and honesty you have, i strongly believe you will achieve your goals in trading.

    • @themikwebber
      @themikwebber  Місяць тому +1

      I appreciate your positivity my friend. It means alot

  • @MrBretHatch
    @MrBretHatch 4 місяці тому +5

    I appreciate someone being real about the struggle

    • @themikwebber
      @themikwebber  4 місяці тому

      For sure my friend, thanks for the positivity

  • @Darkly101
    @Darkly101 5 місяців тому +4

    thank you so much for posting & sharing this, a few weeks ago I felt the same exact thing I ended up blowing 3 topstep accounts all in the same week, it felt like I was losing my mind to the point where I just needed to step away from the charts for a few weeks.

    • @themikwebber
      @themikwebber  5 місяців тому

      A very real part of the game, I’m glad this video could help so many people that have the exact same experience

  • @Austin.Brewer
    @Austin.Brewer 4 місяці тому +1

    So relatable man, it’s crazy how quick things can change in a matter of minutes in the markets. Currently going through the struggles of self discipline with my trading, keep pushing!!

    • @themikwebber
      @themikwebber  4 місяці тому

      You too brother! Thanks for the positivity

    • @user-sk9hl7si7l
      @user-sk9hl7si7l 4 місяці тому

      there is only two important variables sleeping good and eat some glucose to stimulate brain.rest is either u know chart or u dont in front of you,i used to blame anything but lack of knowledge,now i see more than i used to although still unprofitable,i can see difference why people call lack of discipline as culprit,they just didnt watched chart enough to anticipate correctly.those moments where you think you would hold or sold but u didnt coz of x y z - are lack of skill.you could be drunk,high but if u knew whats poppin on chart u would jump and make move confidently and same to exit position on time

  • @tradedelicious
    @tradedelicious 4 місяці тому +2

    Great honesty and insight into what it can really be like trading. It can be really tough, especially when we pile a lot of pressure onto ourselves to perform, sunk cost fallacy is so strong in trading.

    • @themikwebber
      @themikwebber  4 місяці тому

      For sure my friend, I appreciate your positivity!

  • @amerale9640
    @amerale9640 Місяць тому +1

    Thanks for sharing this man. Hope you're doing great

    • @themikwebber
      @themikwebber  Місяць тому

      Doing much better since I posted this video :) thanks for the love my friend!

  • @ChazK47
    @ChazK47 8 місяців тому +5

    Had a near tilt session last week and it is very hard to get through. This video helped a lot knowing we are not alone and share these experiences. Thank you

    • @themikwebber
      @themikwebber  8 місяців тому

      Well I’m glad my experiences can help you my friends that’s what this channel is about, just sharing my life journey and being honest

  • @refuge4oursoul
    @refuge4oursoul Рік тому +2

    Awesome video. It’s shows that raw side of trading. I can’t wait to see you 2 years from now looking back on this video like dang I remember these mistakes back then.

    • @themikwebber
      @themikwebber  Рік тому +1

      Thank you :) yeah I look forward to it. Being able to look back on this channel will be something special !

    • @refuge4oursoul
      @refuge4oursoul Рік тому +1

      @@themikwebber yeah I’m trading a prop firm account takeprofittrader and it sucks to do bad trades but I’m learning as well.

    • @themikwebber
      @themikwebber  Рік тому +1

      You should let me know when you get a payout, I’m really curious. Check out my video I did about them a couple weeks ago

  • @jpoe8538
    @jpoe8538 Рік тому +2

    You say it right mate, the pain is the lesson. Thanks for sharing, you´ll come back stronger!!

    • @themikwebber
      @themikwebber  Рік тому +1

      This game is so much fun. Personal development is the key I imagine

  • @rosshitchen-ij6en
    @rosshitchen-ij6en 6 місяців тому +22

    I've been doing it for 24 years, and yes, it's hard to walk away when you're getting hosed. The way I overcome the dreaded bad days: break the trading up into 20 trading days, have an R-multiple target for the 20 days. If you're trading the same strategy, you will have good clusters of winners and bad. What you usually find is you make several R winners over a small span and losers all seem to clump together. You will eventually realize you have hit a bad clump of price action and stop without worry. Worst thing to do is go on the chase; if you have a few losing trades on the day, it's counterproductive to the 20-day cycle. I struggled for close to 10 years, and now a losing day of 2 or 3 R is a winner because I'm not doubling down and losing 20% revenge trading. I know within that cycle I will have 7 to 10 R days a few times every cycle and many 1 to 3 R days. All the best with your trading.

    • @themikwebber
      @themikwebber  6 місяців тому

      Thank you for the positivity and wisdom brother , I appreciate it

    • @rosshitchen-ij6en
      @rosshitchen-ij6en 6 місяців тому

      @@themikwebber 👍

  • @jerome1354
    @jerome1354 4 місяці тому +2

    Thank you for sharing.
    2:45 More than discipline is needed: Taking Responsibility is required.
    Good luck 👍

    • @themikwebber
      @themikwebber  4 місяці тому

      Thank you my friend. I appreciate the positivity

  • @HB714-88
    @HB714-88 5 місяців тому +1

    Much love brother, I feel you on all levels, this is tough❤ We must grow in self control and discipline ❤

    • @themikwebber
      @themikwebber  5 місяців тому +1

      Absolutely brother, thank you for your positivity

  • @Goldenboy-sc4fg
    @Goldenboy-sc4fg 3 місяці тому +1

    I really appreciate your videos. Like people who tell the truth about the market

    • @themikwebber
      @themikwebber  3 місяці тому

      And I appreciate you my friend :)

  • @galactica770
    @galactica770 3 місяці тому +2

    I've been at this for four years and still not profitable because of the very things you're talking about. I'm starting to be afraid that these habits will never go away, I just want to get past this hump so badly. Best of luck with your trading thank you for sharing these raw emotions. It's so hard.

    • @themikwebber
      @themikwebber  3 місяці тому +1

      I appreciate your positivity my friend. Don’t give up! I won’t either we got this

    • @galactica770
      @galactica770 3 місяці тому

      @@themikwebber yes absolutely!

  • @bannistervoid
    @bannistervoid 5 місяців тому +4

    Thanks for posting this video. We need more reality and less fantasy about the world of finance. It’s hard to even describe the pain of making big mistakes.

    • @themikwebber
      @themikwebber  5 місяців тому

      Thanks for your positivity my friend

  • @josetorres6735
    @josetorres6735 5 місяців тому +2

    Thanks for the video man it takes a real man to admit and show the true colors of trading even wen I break even I get discouraged but one thing I will not do is revenge trade best of luck to u bro

    • @themikwebber
      @themikwebber  5 місяців тому

      I appreciate the positivity brother. Means alot

  • @kenzoebong4180
    @kenzoebong4180 8 місяців тому +8

    You’re not alone man. I just wiped out 2 weeks of progress with CPI day and blew 8 of my accounts(1PA 7 Evals). After all that then having to go put on a smile with the girl friend like my whole day wasn’t just shattered lol.

    • @themikwebber
      @themikwebber  8 місяців тому +1

      lol I feel you, I’ve been trying out my personal account again and not doing well

    • @kenzoebong4180
      @kenzoebong4180 8 місяців тому +3

      @@themikwebber lol the mindset from prop firm to personal accounts is completely different.

    • @themikwebber
      @themikwebber  8 місяців тому +1

      @@kenzoebong4180 I’m currently learning this the hard way lol.

  • @hji8180
    @hji8180 Рік тому +6

    Keep going man. I feel you

  • @KanineMinor94
    @KanineMinor94 5 місяців тому +3

    I'm still in the very early stages of learning to trade. Thank you for sharing your experience. All the best 👍

    • @themikwebber
      @themikwebber  5 місяців тому

      Thank you my friend, trying to show the reality of trading sometimes

  • @spacedreamer12
    @spacedreamer12 7 місяців тому +4

    It's tough as hell for sure. One thing I've done that have helped is to keep a few evals handy (maybe load some during a sale), and to trade one of them when I'm tilted. So get all the revenge trading out of the way in an account that has the least destructive repercussions
    Hope your journey with this goes well

    • @themikwebber
      @themikwebber  7 місяців тому +2

      Thank you my friend. That’s very smart, I started trading on Topstep and they now have a “lockout” feature which is really handy when I start to tilt

  • @100predsfan
    @100predsfan 3 місяці тому +1

    Just seeing this and applaud you for sharing on such a vulnerable/fragile day of trading. In my early months/years I had similar emotional experiences!!! I hope you, and all retail/individual investors who read this, are becoming a success story like myself. I am now beating the market with a highly focused, much less activity, systematic approach. If you think every day is an opportunity, you are going to lose more than you make long-term. If one engages the market like a casino, you will lose all of your money over time. I have now began managing a portion of 4 of my family member's investments and it feels so satisfying to grow their money systematically every month while growing my accounts simultaneously. Finally, if someone figures out they are not competing with the market, there is nothing wrong with having a mutual fund and ETFs you contribute to instead of self.

    • @themikwebber
      @themikwebber  3 місяці тому +1

      Well I greatly appreciate your positivity, and I figured sharing this video would help and do good for the community

  • @LegitMrMouse
    @LegitMrMouse Рік тому +5

    Thanks for the transparency

  • @wimvanerge5210
    @wimvanerge5210 5 місяців тому +1

    Man I feel you this is the most horrible shit that can happen. I've had this too but I have been forcing myself lately to get off the charts as soon as I feel slightly emotional. Anyways hope you're doing better now

    • @themikwebber
      @themikwebber  5 місяців тому

      Doing a lot better my friend! Thanks for the positivity

  • @jonesaundre3
    @jonesaundre3 4 місяці тому +1

    I feel you brother, I've been there and still going through it, lets keep going, remember why we're doing this.

    • @themikwebber
      @themikwebber  4 місяці тому

      Thank you for the positivity brother !

  • @jeffallen8026
    @jeffallen8026 2 місяці тому +1

    Journal and learn. Been there and graduated. You got this ✊🏼

    • @themikwebber
      @themikwebber  2 місяці тому

      Yes! I appreciate the positivity my friend

  • @SinghCapital
    @SinghCapital 5 місяців тому +1

    Keep your head up brother. Practice meditation and be thankful for what you have and learned along the way. You will make up for it in time. Anything is possible brother I have been there before and made my way back out, you can do it too.

    • @themikwebber
      @themikwebber  5 місяців тому +1

      Your positivity is infectious brother, thank you so much. I am much better since this video

    • @SinghCapital
      @SinghCapital 5 місяців тому

      @@themikwebber thank you. good to hear youre doing well now...god bless, take care. 🤝

  • @Sneazy-mf4jw
    @Sneazy-mf4jw Рік тому +3

    Sorry that happened. You’ll be back better than ever!

  • @alexwebber6607
    @alexwebber6607 Рік тому +2

    Love the transparency my friend

  • @fhkabdgiasuao3920
    @fhkabdgiasuao3920 6 місяців тому +3

    thank you for sharing!! you'll definitely get it through

  • @corinthian276
    @corinthian276 5 місяців тому +4

    Coming into day trading I was confident, nah I would say arrogant. I thought I would be immune to the effects of fear and greed, but man was I humbled, and when I thought I had enough humility the market showed me there was more humility to have.

    • @themikwebber
      @themikwebber  5 місяців тому +1

      There is no greater personal development tool than trading I don’t think lol humbles us all

    • @corinthian276
      @corinthian276 5 місяців тому

      @@themikwebber Real shit

  • @robertstewart8380
    @robertstewart8380 5 місяців тому

    Thank you for sharing your story. I want to say you’re not alone in how you feel when tilt becomes present. I try to work out immediately afterwards and even that doesn’t help or I have a lackluster workout because emotionally I’m still in the charts. I’m sure you have rebounded since you have posted this video. I am learning it is an everyday practice to manage our emotions, not getting to high or low and working on being okay with taking a loss and also reaffirming to ourselves that we are good at our kraft but sometimes “the market” is not in our favor based on our analysis for the day. Took a lot of reading and working on my psyche to not tear myself down as I did last year and still working on it present day. Good luck on your journey.

    • @themikwebber
      @themikwebber  5 місяців тому

      Thank your for the positivity brother it is greatly appreciated

  • @Jordley_
    @Jordley_ 8 місяців тому +2

    Thanks for sharing. It's good that you managed to keep the account without liquidating it, I'm on my first funded account, 3/10 days so far. And very worried about having the same experience. Something I find useful is "put yourself in tomorrows shoes". If you can imagine the next day, what will you think of your current actions.

    • @themikwebber
      @themikwebber  8 місяців тому +1

      That’s extremely wise. I like that saying. This is a pretty old video now, and I’ve since switched to a Topstep account, which seems to have a much better payout requirements

  • @LucrativeLeroy
    @LucrativeLeroy 4 місяці тому +1

    Truly thinking in terms of probabilities has help me tremendously.

  • @andrewkozak9799
    @andrewkozak9799 7 місяців тому +1

    this is real as fuck. thanks for this. even today i went on tilt but im glad that you help people feel like they arent alone in this cold ass journey to being profitable. keep it up bro. you'll 100% make it one day with discipline & ur mindset, always take those losses as lessons. losses make legends & ur in the process

    • @themikwebber
      @themikwebber  7 місяців тому

      Dude I really appreciate the positivity brother. This space can get super toxic

  • @747Durango
    @747Durango Рік тому

    Thanks for sharing this friend. Its valuable for people thinking about making the jump. "Know yourself" seems applicable here. Chillax and make it back plus more.

    • @themikwebber
      @themikwebber  Рік тому

      Absolutely! I appreciate the positivity for sure. I’ll be back in no time

  • @Erol_808
    @Erol_808 4 місяці тому

    Know the feeling, nowadays if I dont feel great about myself or good in the head, I dont even look at my computer. Thanks for sharing this.

    • @themikwebber
      @themikwebber  4 місяці тому +1

      For sure my friend. I am the same way now , doing way better

  • @lorenzdean8129
    @lorenzdean8129 4 місяці тому +4

    I'm 23 months in trading, still learning from painful and depressing mistakes.

    • @themikwebber
      @themikwebber  4 місяці тому +1

      Seems to be a pretty long process for most people

  • @THEBEYFAMILY
    @THEBEYFAMILY Рік тому +4

    The hardest thing is when we are trying to get ahead yet end up taking multiple steps back. I know the pain. You’re not alone. Trading is no joke

    • @themikwebber
      @themikwebber  Рік тому +1

      All we can hope to do is keep bettering ourselves, and try to minimize this happening in the future

    • @THEBEYFAMILY
      @THEBEYFAMILY Рік тому

      @@themikwebber exactly all the best of luck. I’m on the forex trading side trying my best aswell. We have our families to take care of

    • @themikwebber
      @themikwebber  Рік тому +1

      We’re all in the same boat. Keep killing it King. 👑

    • @fogk7613
      @fogk7613 Рік тому

      Verschlimmbesserung. German word. Look it up.

    • @THEBEYFAMILY
      @THEBEYFAMILY Рік тому

      @@themikwebber you too brother

  • @Whenisthelaughter
    @Whenisthelaughter 9 місяців тому +1

    I went through this last week its so hard man I feel you completely hope your doing ok

    • @themikwebber
      @themikwebber  9 місяців тому +1

      I’m doing well. I learned a lot about myself from this experience. Thank you for your positivity my friend

  • @falsarioxf
    @falsarioxf Рік тому +2

    Happens brother, It's part of a game where psychology makes 90% of it. Understanding the mistakes and getting back up from such a situation will make you improve so much as a trader, slow and steady, you got this.

    • @themikwebber
      @themikwebber  Рік тому

      Thanks King. I really appreciate the positivity.

  • @seangose3588
    @seangose3588 Рік тому +2

    Hang in there brother stick to your system you will be successful.

  • @noh6865
    @noh6865 6 місяців тому +2

    After a loss it’s best to call it a day. For me I’ve noticed that one loss usually follows another but if I take a loss & come back till tomorrow it’s usually a win

    • @themikwebber
      @themikwebber  6 місяців тому

      I’ve been getting better about walking away after losses

  • @TheZebedeuk
    @TheZebedeuk 7 місяців тому +1

    Had the same recently, brutal, thanks for sharing. Good to know you arent alone.

    • @themikwebber
      @themikwebber  7 місяців тому

      No problem. Keep your head up my friend

  • @JaimeGarcia-kx8cs
    @JaimeGarcia-kx8cs 5 місяців тому +8

    I have cried three times in my trading career... Keep fucking pushing it man!

    • @themikwebber
      @themikwebber  5 місяців тому

      I appreciate the transparency, that’s great!

    • @bpb5541
      @bpb5541 5 місяців тому +1

      All of us have losing days. But what I have found is its not how you win in this game, it is how you lose that matters.

    • @bannistervoid
      @bannistervoid 5 місяців тому +1

      Only 3 times? Man you must be a beginner.

  • @codeman8185
    @codeman8185 3 місяці тому +1

    I feel you man! It is brutal!! My advice is: Have a clear strat, walk away from screen by setting alarms, dont see prices if alarms do not ring and follow your plan no matter what!!!! Also, pick 1 instrument and just trade that....1 position per week is OK...

    • @themikwebber
      @themikwebber  3 місяці тому

      I appreciate the positivity my friend! I’m doing much better after this lol!

    • @codeman8185
      @codeman8185 3 місяці тому

      @@themikwebber Keep it up! We traders r a big family

  • @steph3814
    @steph3814 5 місяців тому +2

    It happens Most of the time when I don't follow my plan, I usually feel exactly like you. The great traders are best at losing. Following rules and Discipline is definitely the most difficult thing to do when trading.

    • @themikwebber
      @themikwebber  5 місяців тому

      Trading is a wonderful game lol

  • @yogasciencemusic
    @yogasciencemusic 3 місяці тому +2

    I feel it bro. Its real.

    • @themikwebber
      @themikwebber  3 місяці тому

      I appreciate your positivity brother!

  • @colinmcleod6979
    @colinmcleod6979 8 місяців тому +3

    Thanks for sharing your story bud👍

    • @themikwebber
      @themikwebber  8 місяців тому

      I appreciate the positivity my friend!

  • @benjaminjo
    @benjaminjo 4 місяці тому +1

    Trial by fire, my friend. Such is the price we all must pay, for freedom.

    • @themikwebber
      @themikwebber  4 місяці тому

      Very true my friend. Thanks for the positivity

  • @cloroxbleach7837
    @cloroxbleach7837 Місяць тому +1

    Know how you feel, stay strong and try to get away from this

    • @themikwebber
      @themikwebber  Місяць тому

      Thank you my friend! I appreciate the oositivity

  • @Ryan-zy2zi
    @Ryan-zy2zi 6 місяців тому +1

    Shout out to you for the transparency 💪🏽

  • @LightChild-y8c
    @LightChild-y8c 6 місяців тому +2

    i feel you bro, thats why i step back whenever there is news just wait for it to calm down a bit.then i attack again.

    • @themikwebber
      @themikwebber  6 місяців тому

      Thanks for the positivity my friend

  • @NickEdsonBasketball
    @NickEdsonBasketball 9 місяців тому +1

    Great transparent video!!!!!

    • @themikwebber
      @themikwebber  9 місяців тому

      Thank you for the positivity my friend :)

  • @lonzeegaming9567
    @lonzeegaming9567 Рік тому +1

    Wishing you the best man
    very brave!

    • @themikwebber
      @themikwebber  Рік тому

      I appreciate it! Just trying to be myself ya know?

    • @lonzeegaming9567
      @lonzeegaming9567 Рік тому

      YES MATE! AND SOMETIMES, BY WINNING CONSECETIVELY WE THINK THAT WE KNOW EVERYTHING IN THE MARKET AND OUR BRAIN AND HEART FILLS UP WITH EGO AND THEN IT BECOMES IMPORTANT FOR US TO BECOME HUMBLE AND THE MARKET DOES THAT FOR THAT IS MAKE US HUMBLE AND ONCE YOU BECOME EXTREMELY HUMBLE AND GRATEFUL, THEN THE ALMIGHTY IS GOING TO OPEN THE DOORS FOR YOU!
      WISHING YOU SUCCESS@@themikwebber

  • @Marketforgetrading
    @Marketforgetrading 2 місяці тому +1

    So easy to get caught up in. Everyone talks about it but you don’t understand until it happens to you.

    • @themikwebber
      @themikwebber  2 місяці тому

      yeah no kidding, i appreciate your positivity my friend

  • @i_i8924
    @i_i8924 5 місяців тому +2

    Its like playing poker but not knowing if you have an edge in the game. Also what ever edge you do have, its super small so the swings are even worse.

  • @DavidGauthier-ud1up
    @DavidGauthier-ud1up 9 місяців тому +1

    I feel that. I'm down 98% from a tilt month in February. Lost almost 3k. We're gonna make it though. All part of the journey.

    • @themikwebber
      @themikwebber  9 місяців тому

      It’s a hauntingly beautiful journey lol

  • @thetekkween3082
    @thetekkween3082 5 місяців тому +1

    I literally had this happen today. I put on chevelle, journaled my day on tradezella and lived to trade another day. Shit happens emotions flare, just can’t let them run your life all the time. Just gotta move on.

  • @babybambi8389
    @babybambi8389 5 місяців тому +1

    During my Preparation Phase (1 day before) I already subtracted the amount needed for today's trade from the total balance. I try to make myself believe that, that is the cost to play, and it has already left from hands and what's left it my balance and not what's on the table.

  • @blairtrades
    @blairtrades 9 місяців тому +1

    Did you have a realistic max loss number that you follow? It's a game changer but also super hard to implement. I've been trading for two years and am profitable but not following my max loss has cost me so much unnecessary pain, frustration and slowed my progress. I feel you! Now I have been following a strict max loss the last month FINALLY and it's a huge help emotionally and definitely financially. If you can master the discipline to follow max loss as closely as possible and as often as possible it's the difference between big profitability and not. Thanks for sharing this!

    • @themikwebber
      @themikwebber  9 місяців тому +1

      Yeah shortly after this started defining my plan and outlining the max loss stuff lol thanks for the positivity my friend

  • @JBeezyTrades
    @JBeezyTrades 10 місяців тому +1

    Days like these make or break you man get a good lift and back on the horse tmrw Ive been trading for 2 years and Im just now not breaking my rules anymore

    • @themikwebber
      @themikwebber  10 місяців тому

      You’re absolutely right. Thanks for the positivity brother!

  • @kanjexiwnl
    @kanjexiwnl 5 місяців тому +1

    8 months after your video, had a horrible day. Lost 3R and gambled my live account. Went down -9 and luckily came back to -4. Now trying to cool off to be back to face with new struggle.
    Keep it up bro!

    • @themikwebber
      @themikwebber  5 місяців тому

      You too brother! Stay positive

  • @abdullahal-shimri3091
    @abdullahal-shimri3091 5 місяців тому +36

    I just walk away after one loss no matter how inviting the market looks.

    • @themikwebber
      @themikwebber  5 місяців тому +2

      I’ve been trying to do that more frequently

    • @doresca1634
      @doresca1634 5 місяців тому +2

      You are very strong /disciplined.

    • @xRageAgainstMachines
      @xRageAgainstMachines 5 місяців тому

      I also do this. If you use certain platforms they also let you lock yourself out for the day

    • @abadran8174
      @abadran8174 5 місяців тому +2

      Would you consider it gambling? Because what you said sounds just like pro gamblers. My question is sincere by the way

    • @josephr2060
      @josephr2060 4 місяці тому +5

      You will never be successful if you walk away after one loss. You need to be able to take every opportunity that presents itself. Each trade is independent of the other

  • @pmj24
    @pmj24 9 місяців тому +2

    that why I only trade 52 weeks high breakout trading strategy bc everyone is on high alert when 52 weeks high is broken. Guarantee 100% volatility and clean price action. It technically a swing trade bc it broke out on higher time frame, but it is also a day trade bc it always happens intraday. Every 1-2 weeks u will see these opportunities either on Thursday, Friday, Monday or Tuesday or Wednesday. These strategies only work in bull market on higher time frame which we already in. I already automate the trade with trailing stop using risk 1:3 reward.

    • @themikwebber
      @themikwebber  9 місяців тому

      Sounds like a great system

    • @iRAWT
      @iRAWT 7 місяців тому

      Sorry... just to clarify, these opportunities can happen basically Monday-Friday? Did I read that correctly LOL

  • @leonshreds6635
    @leonshreds6635 Рік тому +1

    happens to everyone in this industry anytime heads up you will make it

  • @legenddon
    @legenddon 9 місяців тому +1

    holy shit, mad respect brother, you lost less than 50% of your funded acc on a tilt/revenge trading day, you are doing great tbh, because you realised it soon enough.. me on the other hand, ive lost several funded acc due to tilt, blacking out completely and when I get to my self again ill see I lost the acc. Your risk management is on point though!

    • @themikwebber
      @themikwebber  9 місяців тому +1

      Thank you for the positivity my friend. It absolutely feels like a “blackout” and there is almost no control over it because you almost don’t know it’s happening, I’ve been working to bring more awareness to all of this recently

  • @inferno3080
    @inferno3080 Рік тому +1

    You will get better over time. When you have fomo, make bad decisions, I over trade bad on gbpusd, you get sidetracked on my own Directional Bias, On to the next trade your got this.

    • @themikwebber
      @themikwebber  Рік тому

      Thank you for the positivity my friend :)

  • @basc5026
    @basc5026 5 місяців тому +1

    Been trading for 8 years plus and still haven’t made it so to speak cause of many reasons but I do want to share with you how I manage myself with losses.
    After 1 loss I evaluate myself, did I or didn’t I follow my trading plan- am I feeling tired or is there something in my life bugging me that’s taking my mental capacity away from focusing on the market?
    After the 2nd loss I know myself well enough to know what type of thoughts I’m having about my performance or about the market and then be aware that I’m probably not in the right mindset to properly manage another trade.
    When I do take a 3rd loss it’s 95% of the time me not caring because I’m frustrated and taking an average setup because I need to succeed to regain some confidence in myself vs the market.
    HARDSTOP is 3 losses, I turn off the computer and go do something boring while I process my emotions
    It takes me less time these days to calm down and the next day be in a good mental state to continue managing risk.
    Trading is absolutely brutal but it doesn’t have to be once you learn it teaches you certain aspects about yourself.
    Thanks for making this video and never give up

    • @themikwebber
      @themikwebber  5 місяців тому

      Yes it absolutely brutal, I appreciate your opening and insight my friend. Keep killing it!

  • @charlesbenitez1951
    @charlesbenitez1951 5 місяців тому +1

    I understand you 100%, I have taken big shots lot of times, just make sure you preserve capital to keep playing the game. You will come back, but remember withotu capital you cannot play the game.

    • @themikwebber
      @themikwebber  5 місяців тому

      Thanks Charles I appreciate your positivity brother

  • @NickEdsonBasketball
    @NickEdsonBasketball 9 місяців тому +1

    Is it possible to design a system that is immune to emotional fluctuations?

    • @themikwebber
      @themikwebber  9 місяців тому

      Probably not unless you’re a robot. Otherwise it’s on us to master ourselves

  • @chrisdonnell2575
    @chrisdonnell2575 7 місяців тому +1

    Trading is very painful and difficult. FOMO and getting in early to not miss the move, the patience to see a setup and wait for confirmation, all the algos running stops on both sides, being up and in one second turning from an ok profit into full stop. The iceburgs just showing up even during huge selling and holding price. Now imagine trading not knowing even what you're doing. Took me 3 years of pain and almost consistently profitable.

    • @themikwebber
      @themikwebber  7 місяців тому +1

      Just gotta stay consistent and try to continuously get better

  • @dailydose5552
    @dailydose5552 5 місяців тому +3

    As someone who has heard his fair share of the mental brutality trading has on we who actually wanna do this for lifetime and even transition to a business like structure this is part of the process . This days trading is boring cus I'm a swing trader with clears rules .I think you'll come to learn this is business and also remember life is bigger that this . With time you'll heal and come back stronger its the only way to grow. I'm off a tangent but yall traders stay blessed and have fun while doing it do go too crazy lol

    • @themikwebber
      @themikwebber  5 місяців тому

      Thanks for the positivity my friend!

  • @Gorillestrader
    @Gorillestrader 8 місяців тому +1

    Keep grinding bro. Took me a legit 5 years to get it right.

    • @themikwebber
      @themikwebber  8 місяців тому

      Thank you for the positivity my friend. That’s encouraging

  • @reydelaluna
    @reydelaluna 5 місяців тому +3

    This is my biggest problem. I've passed many evals. Never can get to a payout. I'm only six months in so I keep telling myself I'm ahead of the game. Head up bro.

    • @themikwebber
      @themikwebber  5 місяців тому

      Thank you my friend, it sounds like you are doing great!

    • @rashkabowy3678
      @rashkabowy3678 5 місяців тому

      Which strategy you use bro

    • @Insomniac-c7e
      @Insomniac-c7e 5 місяців тому +1

      The challenge never ends. Even passing the eval doesn't mean one will be profitable. A lot of people pass by gambling. But in the end they just lose it all.

  • @Bearish65
    @Bearish65 9 місяців тому +2

    I love this, I felt this pain before I blew my personal account I was up $3k from $1k and traded news and got wrecked

    • @themikwebber
      @themikwebber  9 місяців тому

      It’s real for us all isn’t it? Lol

  • @Szahiq
    @Szahiq 18 днів тому +1

    This popped up on my home feed. I was and I'm still addicted to futures trading.. Lost over 30k $ and I try to stay away , but whenever I see news , market - I literally get trigger to open up a trade.. I have suffered so much mentally, couldn't focus on other things , sad all the time. I wish I had bought something in SPOT for 30,000$.

    • @themikwebber
      @themikwebber  18 днів тому

      That’s tough man. I’m sorry to hear that. But sounds like you’re aware of the problem,

  • @RotterStudios
    @RotterStudios 5 місяців тому +1

    It is rough. I know that feeling. Biggest loss in a day for me was $24k. Wasn't all my fault....the trading platform locked up....they had issues....I couldn't get out. That hurt more....nothing I could do as my account blew up.

    • @themikwebber
      @themikwebber  5 місяців тому

      That’s brutal, let’s keep our head in the game!

  • @SecoweGaming
    @SecoweGaming 9 місяців тому +2

    i got funded for the first time today im nervous and i havent even taken trades yet on it but i need to be confident in my strategy

    • @themikwebber
      @themikwebber  9 місяців тому

      congrats! im still working on so much, its hard to get things settled down. just remember this is a long game!

  • @Zack-i2b
    @Zack-i2b 5 місяців тому +3

    I have had 50k down days. You need to just accept it and walk away early. Go work out, take a walk and do other things to clear your find and comeback fresh been trading for 13 years now.

  • @majordave4789
    @majordave4789 5 місяців тому +12

    Boy of all days to come across this video. Thanks for sharing. I have a small $1k account. Daytraded it up to 1700 and today I was up $80 before market open. Should have quit while I was ahead. Lost the $80, went down bigger and then consciously decided to revenge trade. Ended up down $360. That along with sime other losses after hitting 1700 has me down to 300 balance. I felt the same stress for hours later. Thanks again for sharing. Makes me feel better, hope this makes you feel better too........7months later lol.

    • @themikwebber
      @themikwebber  5 місяців тому

      lol I’m glad the video could be of service. Yeah I’m doing much better now and I appreciate your positivity

    • @thecanadakid7622
      @thecanadakid7622 5 місяців тому

      I was expectingt the loss to me much bigger, 750$ hurts, but on a rally bad day I usually loose a month of work. It really sucks, you never really get used to it. everyone has a limit to the amount they can loose before they feel real bad paain, for me it's ovor 500$ in a day, I start to feel it a bit. I went down 3k in 3 days 2 weeks ago. The emotions from that loss are not gone in a day, I take a week or two off, that emotion form pain needs to be gone, take a week or two off, maybe add a paycheck in the account and pretend it never happened and start fresh, only thing to do IMO, do not trade again until you feel better it will affect yor trading until your are out of that emotional state, stay storng it happens to us all.

    • @jamesofallthings3684
      @jamesofallthings3684 5 місяців тому

      You're gambling friend not trading. Try trading bitcoin or another good coin. Worst case you can sit on it and btc will go up eventually.

  • @KarimMirhady
    @KarimMirhady 5 місяців тому +1

    A Dividend Reinvestment Plan, or DRIP, is the process of automatically reinvesting dividends into additional whole and fractional shares of a company's stock. One of the ways investors can see growth in their portfolios is through compounding returns.

  • @LestatFPS
    @LestatFPS 8 місяців тому +1

    the hardest part about trading is being human. fs. keep going brotha

    • @themikwebber
      @themikwebber  8 місяців тому +1

      Thanks for the positivity brother.

  • @chrisjackson8858
    @chrisjackson8858 5 місяців тому +6

    Thanks for sharing. We traders are a special breed.

  • @MrCidVicious
    @MrCidVicious 5 місяців тому +1

    Man I feel ya on this, I lost over 100k and was hurting for so long over that loss

  • @IsraelWilliams-ui9nn
    @IsraelWilliams-ui9nn 6 місяців тому +2

    No one really understand a the daily battles traders encounter. Being in a state of utter resentment to yourself and knowing there’s a high chance you’ll do exactly the same thing again.

    • @themikwebber
      @themikwebber  6 місяців тому

      Yeah it’s brutal for sure

    • @IsraelWilliams-ui9nn
      @IsraelWilliams-ui9nn 6 місяців тому

      If you can make it through your darkest days there is a glorious light waiting for you. However, the choice is yours if you ever experience it.

  • @BigLaw2024
    @BigLaw2024 4 місяці тому +1

    I always take the next day off after going on tilt.

  • @alperkzlboga762
    @alperkzlboga762 Рік тому

    I am 30 YO man and i have felt like soon getting a heart attack couple times, disgusting feeling buddy I feel you! Risk management rules are the key of trading.good luck !

    • @themikwebber
      @themikwebber  Рік тому +1

      Love the positivity my friend! Yes my risk management is definitely getting an adjustment after this