VTF: 🚀 Top 5 Reasons Traders Blow up Funded Accounts💡

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What will be uncovered in todays newsletter

  • 5 Reasons Traders Blow Up Funded Accounts +” What to try”

  • The best discounts for traders by traders

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Top 5 Reasons Traders Are Blowing Up Funded Accounts

Hey there! So It might not be what you want to hear, but it's crucial your told the truth. Here we go!

Lack of a Tested Strategy

  • No Clear Plan: If your strategy doesn't have clear rules for when to enter and exit trades, you're flying blind.

  • Try This:: Have rules for every processes in your trading entry, stop placment, Scale outs, and how and when to exit.

Poor Understanding of Risk

  • Over-Risking: Risking too much on a single trade can lead to quick losses.

  • Try this: A 50k account has $2,500 in drawdown. Never risk more than $250 per trade. If you have some losses and your losses decrease to $2,000, only risk $200 per trade. As your losses decrease further, your risk should also decrease. Eventually, you may need to switch to micros. But if you keep going, you will eventually have a winning streak and recover.

Trading Too Long

  • Marathon Sessions: Sitting and trading for hours can lead to decision fatigue and poor choices.

  • Try This ⇒ Short Sessions: Limit trading to 30 minutes to keep your mind sharp and avoid stress buildup.

Starting With Demo Trading

  • The Unloaded Gun: Demo trading is like practicing shooting with an unloaded gun. It doesn't prepare you for the real kickback of live trading.

  • Try This ⇒Real Money Experience: Transition to trading with real money in small amounts to get a feel for actual risk and pressure.

Unwilling to change

  • Head in the sand: Not checking their trading stats refusing to accept this is a probabilities game

  • Try This ⇒ Accept the suck: Realizing you suck right now but you can get better if you are willing to change. Check stats every single day.

Remember, trading is like having an ATM at your fingertips 24/7, but it demands sacrifice and a major shift in mindset.

Growth Above All: Embrace the Journey

Embrace the Pain: Growth demands embracing discomfort. To reach heights where you can have it all, be ready to endure the pain now.

Hey guys I know you can do this! Check out this newsletter. I really like it its definitely worth checking out. I will see you in the charts!

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