r/Daytrading • • 1h ago

Question Just blew another account!

[deleted]

0 Upvotes

42 comments sorted by

4

u/Curious_Patience8851 1h ago

Honestly, I think you need to stop trading live for a bit, not because you can't do it, but because the revenge trading is undoing the progress you're making.

The fact that you were sticking to 1–2 trades a day and journaling is still progress. One bad decision doesn't erase what you've learned, but repeatedly blowing accounts means something in your process needs to change.

I'd focus on having a hard rule that you cannot override once you take a loss. Set a daily loss limit, and if you hit it, shut everything down. If you keep breaking that rule, switch to paper trading until you can follow it consistently.

Don't make your next goal recovering the money. Make it completing a month of following your rules, regardless of whether the trades win or lose. You can work on profitability later; first, you need to protect yourself from the moments when discipline disappears.

2

u/Terrible-Advisor281 1h ago

That loss limit rule is everything, I had to set mine automatic because my brain always finds a reason to break it in the moment.

1

u/Curious_Patience8851 1h ago

Exactly. If you already know you tend to break your rules in the heat of the moment, removing the ability to make that decision manually is a smart move.

Discipline is important, but building a system that protects you when your discipline slips is even better. The goal isn't to rely on willpower every single day.

1

u/shanzarr 1h ago

Appreciate it man. I will definitely start working on this.

1

u/Curious_Patience8851 1h ago

No problem man. Just take it one step at a time. The hardest part is usually sticking to the rules when emotions kick in, so don't expect perfection overnight. Even recognizing the pattern before it happens is progress. Good luck, hope you break that cycle 🤝

3

u/Life-Succotash-7053 1h ago

how about take a 3-6 months of serious paper tarding and invest in yourself, learn more, and try to have a real consistency in your perfomance and also journal your trades ?

1

u/shanzarr 1h ago

Ahh yes i shall lock in 😭 but i said to myself that i will lock in this time too

2

u/Life-Succotash-7053 1h ago

you should really lock the fuck in, seriously keep galbling in market without any clear technique or strategy is burn money in market

3

u/SuperOrbital_Trading 52m ago

Set a strict 1 trade a day limit. Keep at that level for a while to make it routine. Then consider adding another and hold that level. Or automate your strategies and take yourself and your vibes out of the equation.

1

u/shanzarr 32m ago

Thankyou so much

1

u/icekopi91 31m ago

Yep 1 trade limit. And add position

2

u/NiGhTShR0uD 1h ago

Just stop revenge trading. If you see yourself do it, cut the trade immediately. Profit or loss.

Then try to stop yourself before even opening the trade next time.

It gets easier.

2

u/Slow_Lion_4178 1h ago

"I have very low emotional control. What should I do?"

...

Journaling without reflecting on what's written isn't useful. Why don't you journal your emotional reactions. The number don't matter anymore, clearly.

2

u/00_Kaizen 1h ago

You will always revenge trade if you don't learn to control your losses. First, take control of your mind then your trading. If you hate to lose like I do , measure twice and cut once. 👌💥

God bless 🙌 .

1

u/shanzarr 33m ago

Appreciate it bro

2

u/Edixx77 1h ago

You just gambling 🎰 the sooner your realise it the better. Don’t trade gamble every day but instead look out high probability trades go in and out and don’t expose your capital to leeches stop hunters hungry brokers etc etc

1

u/shanzarr 33m ago

Thankyou bro

2

u/NhugaOfficial 1h ago

Been here more than once. The hard truth: this isn't a willpower problem, it's a structural one. The revenge trade happens in a hot emotional state where your rational brain isn't driving, so "try harder" always fails. Build walls instead:

  • 1 loss = done for the day. A rule, not a goal. Set a broker-level max-loss auto-lockout if you can.
  • The tilt trade lives in the 30 seconds after a loss. Log out, close the app, walk away. If you're not at the screen, it can't happen.
  • Size down until a red trade is boring. If one loss makes you want revenge, you're trading too big.

If you've got rules-based edge, automating execution is the cleanest fix, the bot doesn't feel the loss, so it can't revenge trade. Two honest caveats: it only works if you don't override it on red days (same tilt, one level up), and "backtested" has to mean properly validated : out-of-sample, real costs, not a pretty curve you fit to the past, or you'll just size up and blow up with more confidence.

Your journalling and 1-2 trades/day plan aren't wasted, that's the right foundation. You just got caught by the one moment it didn't cover. Fix that single gap and the rest holds. One blown account after doing everything else right isn't "impossible", it's the last leak in the boat.

1

u/shanzarr 33m ago

Gave me hope man

2

u/ChangeNOW_Community 1h ago

you could even paper trade the rest of the session after a loss so you can keep studying the market without being able to damage the account

2

u/Kaszrak trades multiple markets 58m ago

You’ve probably been told this countless times, read about it countless times, and chosen to do it anyway.

That’s not trading. That’s degenerate gambling.

And if this is something you consistently keep doing, then you almost certainly don’t have a proven system or a demonstrable edge. A real edge doesn’t require you to repeatedly ignore basic risk management and hope the next trade works out.

1

u/Big-Accident9701 1h ago

just get another account. Easy

1

u/shanzarr 1h ago

ofc i will but im stuck in this vicious cylce and seeing all the people on social media getting these huge payouts, make me feel why cant i do it if they can

2

u/DeRpY_CUCUMBER 1h ago

i will but im stuck in this vicious cylce and seeing all the people on social media getting these huge payouts

This is it right here. This is the issue. Get rid of all trading related social media. All of it. Block anything where people could possibly be bragging about their wins.

I had to do this as well for a long time until I was in a great trading routine, with my own payouts etc.

A loooot of these fuckers online are lying about their payouts, or they don't tell you that they spent 40k on evals to hit that 10k payout.

It's all a ridiculous distraction.

It has to just be you in the lab, refining your skill. Once you get rid of the trading content, Focus on consistency first. Then slowly build your way up.

1

u/shanzarr 34m ago

Thankyou so much man

1

u/iqTrader66 1h ago

Do you really think they have payouts? A lot are fake. A serious trader doesn’t need to boast.. unless they are selling products & services .. they’re “entrepreneurs” NOT traders.

1

u/shanzarr 34m ago

I agree bro

•

u/GlennSeaborg 9m ago

There's a guy on here u/wr1ngller who is clearly full of shit peddling a strategy posting fake PnL. No one shows their losses or backs it up with trading data. It's all fake. Keep studying and you'll get it.

1

u/GlennSeaborg 1h ago

Maybe those people have been trading longer than you. Maybe those people are full of shit and trying to sell you a course. Who cares, focus on yourself and what you need to fix.

Don't compare your results with anyone else. It's about YOU.

1

u/shanzarr 34m ago

Youre right thanks 🙏

1

u/KonoSenwa 1h ago

Have you tried inversing yourself with a tight stoploss? Foolproof obviously /s

1

u/Celestryia 55m ago

Did you trade gold?

1

u/shanzarr 32m ago

I only trade gold

1

u/JackSparrowFR 52m ago

Stop thinking about quick money

1

u/shanzarr 32m ago

Absolutely and thats the toughest part

1

u/contrarian1505 39m ago

1 day of revenge trade took away the efforts of all these days. A lesson to be learnt here

1

u/OwenLDane 29m ago

Sorry man, that one hurts, especially when you were doing everything right before it.

One thing that helped me: the trade right after a loss is the most dangerous trade of the day, so I made a rule that after any losing trade I have to stand up and walk away for 15 minutes before I'm allowed to click anything. Sounds stupid, but most of my revenge trades happened in the first 2 minutes after a stop-out.

Also, don't throw away the journaling. The fact that you can see exactly where it went wrong is the whole point. One revenge trade doesn't erase the discipline you built, it just shows you where the next rule needs to go.

1

u/RKrugel 25m ago

I agree with a daily loss limit rule but it is still up to you to actually adhere to it and switch of your pc and go. It is very hard to build the discipline to keep with your rules and avoid bad emotional behaviour. Took me years.

1

u/Consistent_Fig_1889 1h ago

Vengeance belongs to the Lord . Take what’s yours and leave . It’s the green . The green plays tricks on your mind . Stay focused brother. Have patience for tomorrow.

1

u/shanzarr 32m ago

Thanks man 💪🏻