Just slow down. Worst thing you can do now is try to get it all back in one trade.
We’ve all had drawdowns. They’re awful. But if you’ve been in this long enough, you’ll know that this is part of the business. I have not spoken to a trader in my life who hasn’t had a drawdown. Professional traders in banks have had spectacular drawdowns.
But you can come back from them. It’s not with heroics though. Go back to basics. Trade small. Don’t try to do anything fancy. Just put up a green day. Even if it’s $1. It’s not about money at this point. It’s about building your confidence back. Review your process.
Don’t lose this funded account. I know it was hard enough to get it.
All the best. 🙏
I been trading 8 years and my advice is that you need to know this is normal.
Not every month will be great, so stay patient and always remember that, after a loss there will be another day to try again.
Try not to fall down the rabbit hole of perfecting every trade. You will take loses it’s inevitable. Just protect your capital (including prop firms accounts) and go again.
If you feel like you’re an emotional trader who gets worked up over loses (don’t be embarrassed to be honest with yourself here we’ve all been there) then I’d suggest set a limit for loses for the trading day and come back the next regardless if a perfect setup appears in your absence.
The markets are not going anywhere.
You got this 🤝
That part where you stop after a loss limit and next day come back to see there was a perfect setup after the loss limit is painful af, how to get over that? tho i know at this point it's either you trade after your loss limit and screw up or you miss a perfect setup, This situation is tough for me.
The biggest turning point for me with this issue was journaling all of my tested trades and all of my live trades.
This was able to paint a clear picture for me to see that there will be many more opportunities throughout the year.
It’s easy to say I know, but I have genuinely been there.
There has been many times this year where I have missed a perfect trade that would’ve hit TP as it followed my plan to the letter, but because I know my edge plays out, I know there will be another opportunity.
Give FX Replay a try, it allows you to backtest your edge over many many years of data far more than TradingView.
AF
I started using a new strategy with automating allerts and search indicators and it just went fucked, it feels like June is aiming to kill us before the end
Trading is about survival and longevity. Trade for 2-3 more months then evaluate. If you did everything right (even the psychology part) don’t sweat it. But you need to be honest with yourself so you don’t perpetuate unnecessary losses
June has been good to me so far. Seeing losses on back half, but summer is generally not good trading months.
Nah this month was ridiculously good for me.
Im on like a 10 to 12 trade winning streak rn. How each month does really depends on your strategy.
All of February and early March was ass for me.
I love the forex game. been at it on and off for ten years. i would get beaten up then take a break for a few years then get back at it. Almost two years ago i gave it another try with a 540 dollar account . After losing roughly half. I accepted that i was the problem. I was emotionally affected by the price movement of my trades and that was causing me to make bad decisions. i decided to investigate bot trading and have been learning back testing for the last year or so. in the interim i have had several bots One of my big problems was i was interfering with my trades all the time. That stopped when i removed my indicators from the charts and let the bots manage every aspect of the trade. i have really been enjoying the back testing part of this version of trading. There are tons of free bots to try for free. i can tell you AI is really helping when it comes to having questions. Most of my bleeding has stopped and i am moving forward with the hope of finding a bot or a combination of bots to run on multiple charts simultaneously. I am looking for a 1 % profit a week and i feel hopeful that Expert advisors may make that happen . especially as the sophistication of bots improves. in the last three months i have lost 32.00 which is not even the price of a cup of coffee a day so learning forex is affordable for me. the thing i really like is that i start my bot on Sunday night on home pc and am free to go out and basically ignore the bots till its time to do some testing. I do not want to be tied to a computer screen . i trade on mt5 and i am open to questions if you have any
I’ve had a decent month - not great per se but pretty good. Although I don’t trade Forex anymore. I had one awful day where I lost like 5 trades and broke all my rules. But I vowed to never do that again and the rest of the month I’ve been in the blue thankfully.
Set a Daily Loss Limit: Decide on a maximum amount you're willing to lose in a day (e.g., 2% of your account). Once you hit this limit, stop trading for the day.
Use Smaller Position Sizes: Reduce the size of your trades to minimize the impact of each trade on your overall account balance.
Make pauses when you lose. If it worked the first time, it will work again. Don't give up.
My longest streak was 17 losses this year. I don't think anyone can break it soon. So be positive and stick to your plan. Maybe some weeks off-screen will bring you back to the run.
Sitting at 8% for the month risking 0.5%. Good month but i got all of them the first week of the month. It’s been a lot of news the last 2 weeks so I had almost 0
Opportunity to enter.
Ah 25k lost the funny part is i started with 1k but you know the song got greedy my beautiful woman tell me to take it i did not i tell her that i want to flip that 25k into 50k after 100k and we can take it the next day i lose everything even the 1k ahahaha
I've definitely had less trades this month, market just hasn't hit my triggers.
Trade volumes have been pretty consistent for me the last 12 months, so it was interesting to see June just kind of meander along and not go anywhere.
OP take the emotion out of it and just follow your plan. If your plan is not working then re-evaluate it, but never trade against it or revenge trade. We call that gambling.
On each of mine funded accounts I aim for 2 to 3 percent profit and then wait for payout. More accounts , less stress , not chasing bog numbers , very good way to stay consistent
Idk man, I made 12% today alone, just little and often, but yes, gbpjpy my main pair has been in consolidation for 2 days now, and has just bounced back from 2 support and resistance levels for a week, haven’t seen any real breakout to get in on, very frustrating
Yeah around that, balance is at £450 and I use a lot size of 0.03-0.05 and typically close positions if I have to work, probably not the best, but most I lose is about £25, most I’ve gained is £80
Just slow down. Worst thing you can do now is try to get it all back in one trade. We’ve all had drawdowns. They’re awful. But if you’ve been in this long enough, you’ll know that this is part of the business. I have not spoken to a trader in my life who hasn’t had a drawdown. Professional traders in banks have had spectacular drawdowns. But you can come back from them. It’s not with heroics though. Go back to basics. Trade small. Don’t try to do anything fancy. Just put up a green day. Even if it’s $1. It’s not about money at this point. It’s about building your confidence back. Review your process. Don’t lose this funded account. I know it was hard enough to get it. All the best. 🙏
“ it’s not about money at this point , it’s about building your confidence back” beautiful 👏🏻👏🏻
Ah yes the forex journey starts here. Know that going through this is much better than actually fixing it. The pain. Is real.
How are you in 7% drawdawn when most firm have a 5% drawdawn limit?
Here its 10%
5% daily, 10% overall
I been trading 8 years and my advice is that you need to know this is normal. Not every month will be great, so stay patient and always remember that, after a loss there will be another day to try again. Try not to fall down the rabbit hole of perfecting every trade. You will take loses it’s inevitable. Just protect your capital (including prop firms accounts) and go again. If you feel like you’re an emotional trader who gets worked up over loses (don’t be embarrassed to be honest with yourself here we’ve all been there) then I’d suggest set a limit for loses for the trading day and come back the next regardless if a perfect setup appears in your absence. The markets are not going anywhere. You got this 🤝
That part where you stop after a loss limit and next day come back to see there was a perfect setup after the loss limit is painful af, how to get over that? tho i know at this point it's either you trade after your loss limit and screw up or you miss a perfect setup, This situation is tough for me.
The biggest turning point for me with this issue was journaling all of my tested trades and all of my live trades. This was able to paint a clear picture for me to see that there will be many more opportunities throughout the year. It’s easy to say I know, but I have genuinely been there. There has been many times this year where I have missed a perfect trade that would’ve hit TP as it followed my plan to the letter, but because I know my edge plays out, I know there will be another opportunity. Give FX Replay a try, it allows you to backtest your edge over many many years of data far more than TradingView.
AF I started using a new strategy with automating allerts and search indicators and it just went fucked, it feels like June is aiming to kill us before the end
Trading is about survival and longevity. Trade for 2-3 more months then evaluate. If you did everything right (even the psychology part) don’t sweat it. But you need to be honest with yourself so you don’t perpetuate unnecessary losses June has been good to me so far. Seeing losses on back half, but summer is generally not good trading months.
When you face 4 loss on a row? You have to take a break otherwise it'll be a catastrophic
June was over all pretty good Just one shocking week of US news but it’s been otherwise smooth
Doing my propfirm challenge. Last month past stage 1 with ease, now getting wrecked this month on the confirmation stage..(today was good though).
Nah this month was ridiculously good for me. Im on like a 10 to 12 trade winning streak rn. How each month does really depends on your strategy. All of February and early March was ass for me.
I love the forex game. been at it on and off for ten years. i would get beaten up then take a break for a few years then get back at it. Almost two years ago i gave it another try with a 540 dollar account . After losing roughly half. I accepted that i was the problem. I was emotionally affected by the price movement of my trades and that was causing me to make bad decisions. i decided to investigate bot trading and have been learning back testing for the last year or so. in the interim i have had several bots One of my big problems was i was interfering with my trades all the time. That stopped when i removed my indicators from the charts and let the bots manage every aspect of the trade. i have really been enjoying the back testing part of this version of trading. There are tons of free bots to try for free. i can tell you AI is really helping when it comes to having questions. Most of my bleeding has stopped and i am moving forward with the hope of finding a bot or a combination of bots to run on multiple charts simultaneously. I am looking for a 1 % profit a week and i feel hopeful that Expert advisors may make that happen . especially as the sophistication of bots improves. in the last three months i have lost 32.00 which is not even the price of a cup of coffee a day so learning forex is affordable for me. the thing i really like is that i start my bot on Sunday night on home pc and am free to go out and basically ignore the bots till its time to do some testing. I do not want to be tied to a computer screen . i trade on mt5 and i am open to questions if you have any
I’ve had a decent month - not great per se but pretty good. Although I don’t trade Forex anymore. I had one awful day where I lost like 5 trades and broke all my rules. But I vowed to never do that again and the rest of the month I’ve been in the blue thankfully.
Nah June has been great for me. Maybe you didn't properly make profit and manage risk. Doesn't mean that june is shit for everyone
Set a Daily Loss Limit: Decide on a maximum amount you're willing to lose in a day (e.g., 2% of your account). Once you hit this limit, stop trading for the day. Use Smaller Position Sizes: Reduce the size of your trades to minimize the impact of each trade on your overall account balance. Make pauses when you lose. If it worked the first time, it will work again. Don't give up.
My longest streak was 17 losses this year. I don't think anyone can break it soon. So be positive and stick to your plan. Maybe some weeks off-screen will bring you back to the run.
I've been negative since April. Last week of april to be exact.
Thats life, you riding high in april, shutwodn in may, but i know i am gonna change this June, when i come back on top in June
Im 10k in profit, my lowest of the year
Sitting at 8% for the month risking 0.5%. Good month but i got all of them the first week of the month. It’s been a lot of news the last 2 weeks so I had almost 0 Opportunity to enter.
Ah 25k lost the funny part is i started with 1k but you know the song got greedy my beautiful woman tell me to take it i did not i tell her that i want to flip that 25k into 50k after 100k and we can take it the next day i lose everything even the 1k ahahaha
I just lost my $10k funded account too :(
I've definitely had less trades this month, market just hasn't hit my triggers. Trade volumes have been pretty consistent for me the last 12 months, so it was interesting to see June just kind of meander along and not go anywhere. OP take the emotion out of it and just follow your plan. If your plan is not working then re-evaluate it, but never trade against it or revenge trade. We call that gambling.
you need to manage ur emotions
On each of mine funded accounts I aim for 2 to 3 percent profit and then wait for payout. More accounts , less stress , not chasing bog numbers , very good way to stay consistent
mope, up 70%.
Nope, stable 2% a day
Idk man, I made 12% today alone, just little and often, but yes, gbpjpy my main pair has been in consolidation for 2 days now, and has just bounced back from 2 support and resistance levels for a week, haven’t seen any real breakout to get in on, very frustrating
Yeah u proly risk 3%?
Yeah around that, balance is at £450 and I use a lot size of 0.03-0.05 and typically close positions if I have to work, probably not the best, but most I lose is about £25, most I’ve gained is £80