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.
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 .
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.
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.
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.
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.
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.
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.
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
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.
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!!
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
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.
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
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.
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.
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.
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.
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
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.
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
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.
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
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.
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.
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.
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.
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
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
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.
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.
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
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...
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.
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 ❤
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.
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.
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!
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
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!
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
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.
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!
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
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.
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
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.
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.
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
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.
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.
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$.
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.
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.
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 $360. That along with sime other losses after hitting 1700 has me down to 300 balance. I felt the same stress for hours later. Thanks again for sharing. Makes me feel better, hope this makes you feel better too........7months later lol.
I was expectingt the loss to me much bigger, 750$ 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.
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.
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.
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 !
The struggle is real bro. I feel your pain. It's the toughest part of trading.
Yes it is, Im learning every day. I appreciate your positivity my friend!
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.
@@bpb5541 The discipline is still needed to follow your plan! But good on you for being able to stick to it.
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 .
Most of my successful days are under 4-5 trades for sure. My high frequency days can vary widely. Great insight, thanks a lot
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.
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.
Thank you Charles. I appreciate the positivity my friend
Just keep showing up! And don’t quit! I felt that for so long now I’m finally getting the hang of it
Thank you for the positivity my friend! I will
😂
Every successful trader goes thru this at one point!! You got it
Thank you for the positivity my friend
Dude I feel the hell out of that, Sincerely. Right there with you.
Thanks Brett. That’s why I have this channel to try to show what most people go through lol
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.
Thanks brother. The goal is to show how this process is for a lot of people. Not exactly what the trading influencers show lol
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.
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
Brother. No worse feeling. Been there.. totally hear you and thanks for sharing. The pain will become strength man!!
I appreciate the positivity brother,
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.
That’s right.and I’m still so new at this game too, trying not to be too hard on myself
Respect for your honesty. Everybody will go through those dark patches. This will make you stronger, trust me!
Thanks for the positivity!
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.
That’s absolutely true. It’s a tough game out here for sure
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.
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
I appreciate your positivity! It’s not easy at all but hopefully we will make it happen
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.
I appreciate your positivity my friend. It means alot
I appreciate someone being real about the struggle
For sure my friend, thanks for the positivity
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.
A very real part of the game, I’m glad this video could help so many people that have the exact same experience
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!!
You too brother! Thanks for the positivity
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
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.
For sure my friend, I appreciate your positivity!
Thanks for sharing this man. Hope you're doing great
Doing much better since I posted this video :) thanks for the love my friend!
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
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
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.
Thank you :) yeah I look forward to it. Being able to look back on this channel will be something special !
@@themikwebber yeah I’m trading a prop firm account takeprofittrader and it sucks to do bad trades but I’m learning as well.
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
You say it right mate, the pain is the lesson. Thanks for sharing, you´ll come back stronger!!
This game is so much fun. Personal development is the key I imagine
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.
Thank you for the positivity and wisdom brother , I appreciate it
@@themikwebber 👍
Thank you for sharing.
2:45 More than discipline is needed: Taking Responsibility is required.
Good luck 👍
Thank you my friend. I appreciate the positivity
Much love brother, I feel you on all levels, this is tough❤ We must grow in self control and discipline ❤
Absolutely brother, thank you for your positivity
I really appreciate your videos. Like people who tell the truth about the market
And I appreciate you my friend :)
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.
I appreciate your positivity my friend. Don’t give up! I won’t either we got this
@@themikwebber yes absolutely!
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.
Thanks for your positivity my friend
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
I appreciate the positivity brother. Means alot
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.
lol I feel you, I’ve been trying out my personal account again and not doing well
@@themikwebber lol the mindset from prop firm to personal accounts is completely different.
@@kenzoebong4180 I’m currently learning this the hard way lol.
Keep going man. I feel you
Thank you!
I'm still in the very early stages of learning to trade. Thank you for sharing your experience. All the best 👍
Thank you my friend, trying to show the reality of trading sometimes
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
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
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.
Well I greatly appreciate your positivity, and I figured sharing this video would help and do good for the community
Thanks for the transparency
Only the best for you!
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
Doing a lot better my friend! Thanks for the positivity
I feel you brother, I've been there and still going through it, lets keep going, remember why we're doing this.
Thank you for the positivity brother !
Journal and learn. Been there and graduated. You got this ✊🏼
Yes! I appreciate the positivity my friend
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.
Your positivity is infectious brother, thank you so much. I am much better since this video
@@themikwebber thank you. good to hear youre doing well now...god bless, take care. 🤝
Sorry that happened. You’ll be back better than ever!
All day every day :)
Love the transparency my friend
Always
thank you for sharing!! you'll definitely get it through
Thank you my friend!
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.
There is no greater personal development tool than trading I don’t think lol humbles us all
@@themikwebber Real shit
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.
Thank your for the positivity brother it is greatly appreciated
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.
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
Truly thinking in terms of probabilities has help me tremendously.
Absolutely!
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
Dude I really appreciate the positivity brother. This space can get super toxic
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.
Absolutely! I appreciate the positivity for sure. I’ll be back in no time
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.
For sure my friend. I am the same way now , doing way better
I'm 23 months in trading, still learning from painful and depressing mistakes.
Seems to be a pretty long process for most people
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
All we can hope to do is keep bettering ourselves, and try to minimize this happening in the future
@@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
We’re all in the same boat. Keep killing it King. 👑
Verschlimmbesserung. German word. Look it up.
@@themikwebber you too brother
I went through this last week its so hard man I feel you completely hope your doing ok
I’m doing well. I learned a lot about myself from this experience. Thank you for your positivity my friend
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.
Thanks King. I really appreciate the positivity.
Hang in there brother stick to your system you will be successful.
Thanks brother! I appreciate that
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
I’ve been getting better about walking away after losses
Had the same recently, brutal, thanks for sharing. Good to know you arent alone.
No problem. Keep your head up my friend
I have cried three times in my trading career... Keep fucking pushing it man!
I appreciate the transparency, that’s great!
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.
Only 3 times? Man you must be a beginner.
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...
I appreciate the positivity my friend! I’m doing much better after this lol!
@@themikwebber Keep it up! We traders r a big family
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.
Trading is a wonderful game lol
I feel it bro. Its real.
I appreciate your positivity brother!
Thanks for sharing your story bud👍
I appreciate the positivity my friend!
Trial by fire, my friend. Such is the price we all must pay, for freedom.
Very true my friend. Thanks for the positivity
Know how you feel, stay strong and try to get away from this
Thank you my friend! I appreciate the oositivity
Shout out to you for the transparency 💪🏽
Thank you brother,
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.
Thanks for the positivity my friend
Great transparent video!!!!!
Thank you for the positivity my friend :)
Wishing you the best man
very brave!
I appreciate it! Just trying to be myself ya know?
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
❤
So easy to get caught up in. Everyone talks about it but you don’t understand until it happens to you.
yeah no kidding, i appreciate your positivity my friend
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.
For sure mate
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.
It’s a hauntingly beautiful journey lol
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.
For sure my man
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.
Oh very nice
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!
Yeah shortly after this started defining my plan and outlining the max loss stuff lol thanks for the positivity my friend
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
You’re absolutely right. Thanks for the positivity brother!
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!
You too brother! Stay positive
I just walk away after one loss no matter how inviting the market looks.
I’ve been trying to do that more frequently
You are very strong /disciplined.
I also do this. If you use certain platforms they also let you lock yourself out for the day
Would you consider it gambling? Because what you said sounds just like pro gamblers. My question is sincere by the way
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
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.
Sounds like a great system
Sorry... just to clarify, these opportunities can happen basically Monday-Friday? Did I read that correctly LOL
happens to everyone in this industry anytime heads up you will make it
Thanks for the positivity friend!
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!
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
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.
Thank you for the positivity my friend :)
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
Yes it absolutely brutal, I appreciate your opening and insight my friend. Keep killing it!
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.
Thanks Charles I appreciate your positivity brother
Is it possible to design a system that is immune to emotional fluctuations?
Probably not unless you’re a robot. Otherwise it’s on us to master ourselves
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.
Just gotta stay consistent and try to continuously get better
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
Thanks for the positivity my friend!
Keep grinding bro. Took me a legit 5 years to get it right.
Thank you for the positivity my friend. That’s encouraging
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.
Thank you my friend, it sounds like you are doing great!
Which strategy you use bro
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.
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
It’s real for us all isn’t it? Lol
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$.
That’s tough man. I’m sorry to hear that. But sounds like you’re aware of the problem,
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.
That’s brutal, let’s keep our head in the game!
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
congrats! im still working on so much, its hard to get things settled down. just remember this is a long game!
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.
Very true my friend
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 $360. That along with sime other losses after hitting 1700 has me down to 300 balance. I felt the same stress for hours later. Thanks again for sharing. Makes me feel better, hope this makes you feel better too........7months later lol.
lol I’m glad the video could be of service. Yeah I’m doing much better now and I appreciate your positivity
I was expectingt the loss to me much bigger, 750$ 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.
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.
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.
For sure!
the hardest part about trading is being human. fs. keep going brotha
Thanks for the positivity brother.
Thanks for sharing. We traders are a special breed.
lol very true
Man I feel ya on this, I lost over 100k and was hurting for so long over that loss
Yup lol this game is crazy
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.
Yeah it’s brutal for sure
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.
I always take the next day off after going on tilt.
I try to do the same
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 !
Love the positivity my friend! Yes my risk management is definitely getting an adjustment after this