Losing my FTMO funded account
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- เผยแพร่เมื่อ 12 มิ.ย. 2024
- You can't have great trading and avoid the losses. Check out what I learned from this lesson
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Trade Safe & Stay Blessed! - แนวปฏิบัติและการใช้ชีวิต
Your losses are larger than your wins. You need to focus on risk to reward because you can still be profitbale with a 20% win rate
I lost my funded 200k account after making 50k. That was a huge lesson for me as far as discipline and emotions in the market as well as overtrading. Currently working to get the funded accounts back after a few months of re-evaluation. I appreciate this video as seeing someone else who went through the same thing, good luck in the market's bro!🔥
Thanks for the comment! Good luck on your re-evaluation!🤙
U withdraw 50k or lost all to daily loss?
@@Halid_x88 I ended up getting a 20k payout but lost the other 30k from overtrading and eventually hitting my max daily drawdown, big lesson to just walk away and not over trade and not let your emotions get the best of you.
You’ll get it back bro 💪🏽
@A$AP Trader What is your insta bro , need to talk to you
Love it Bro! Thank you for your transparency! You’ve earned a Sub!
Appreciate it!
i like the way you still smiling throughout the video ! Good spirit !
Haha glad you noticed that. If we can control our emotions it will eventually lead us to a great trading career🤙
thats is the modest lot i ever see for 100k account.Well i aswell blow my 50k account last week,after getting funded for 2month.I learn that getting overconfident on my strategy was my biggest mistake.
We learn lots about ourselves during challenging times 🤙 keep up the good work!
Thank You for sharing your lessons much appreciated 🙏
You're welcome!🤙
After losing my funded account the day before yesterday, I couldn't calm down. I made a very small mistake, which was not calculating the handling fee. As a result, the profitable account lost $9 due to daily loss. What an ironic experience. These past two days have been very frustrating. This is my first funded account, and I've only had it for less than a week.
It happens to the best of us. Best to take some time to rest. Reset and recalibrate. Then get back up and try again 👍
Thanks for sharing this part of your journey, I’m sure you’ll bounce back bro 💪🏽
Appreciate it! It's all part of the journey👍
Thank you for this, Hawaii Trading Academy. I have just lost my funded account too. Fortunately, that was the second account I got after making my first withdrawl (profit split + fee refund). Lots of lessons learnt.
We only lose if we give up! Thanks for the comment!🤙
At least you know you have what it takes to get funded again 💪🏽
When u pass funded challenges you get a profit split from that correct? Along with refund
Almost 180 trades in 20 trading days and you THINK you were over trading? That’s 45 trades in a week. That is ridiculous.
If you are losing ten, fifteen, even twenty trades it is time to step back, PAUSE, and REASSESS your strategy accordingly to current market conditions. Identify why trades went wrong and most importantly (most cannot do this)…. Step away from trading until market conditions favor your strategy again
Yes I can agree. While the stats show, it didn't specify that I had multiple positions per trade so overall the amount of trades I took are less.
As traders we are constantly evolving and learning and with this video I wanted to have people learn from this experience👍
then, how would you know that MARKET CONDITIONS ARE IN YOUR FAVOR???
WILL THE MARKET INFORM YOU THAT, " HEY! ITS TIME TO TRADE BECAUSE YOUR TRADING STRATEGY WILL WORK NOW "
ITS EASIER SAID THAN DONE.
over trading means not just the number of trade. it includes your LOT SIZES PER TRADE.
@@ramvhaldhiramvhal8199 I’ll give you a perfect example:
Trader John uses a pullback mean reversion strategy for swing trading. This means he waits for whichever instrument he is trading that it pulls back after an impulse move from a swing low/high to at least the 50% or 61.8% fibo on at least the H4. That’s is a condition he looks for when trading with the trend.
Currently USDJPY has literally been on a parabolic move from 115 to 124 and then from 121 to current price. Market conditions are not in favor for his specific strategy. Trader John decides not to trade USDJPY and looks at other instruments.
Your last statement there is the key to all of trading. I learned that the hard way. Looking to get funded as well.
Thanks for sharing bro
Well done 👏. Thanks for sharing. I went same thing this month. Last month profit split then massive drawdown this month.
Appreciate it! Us traders have to ride out the rough times and keep going 🤙
Really appreciate your video, in life failure is an opportunity to begin again more intelligently. Wishing you all the best in your trading career
Thank you for the support! Wishing you the best as well!
Thank you for the trasnparency
Thank you for watching!
I find that trying to be consistent is the most difficult thing the market is always changing even when you follow all your rule loss are inevitable .
💯💯
Thanks for sharing your experience, kababayan.
Happy to share!🤙
thaks for being honest
Thanks for watching!
If you favourite pairs are choppy ditch them .. they do not to be trending . But the trick is they are hugging the mas .. predicable ..drop the chop..
.
Love the video. Any REAL trader experienced this at some point in their journey. How i deal with this:
Once funded, cut risk in half. 0.5% per trade is plenty. This will do wonders for you
Stick to 1, 2, 3 assets ( i only trade 1 pair )
Be more conservative… i take less then 170 trades in a whole year..
Just a couple sugestions! Love your spirit! May the universe bless your path! Much love
Appreciate the feedback! 🤙
hey there! thanks for the suggestion, can you let me know how long you've been using prop firms successfully / consistently without losing?
I am almost at the same stage pal. 10% drawdown on my MFF live. I got 2% to trade with. In the past I have made it out in such big of a drawdown. I can relate to everything you say. Next trade is a hit or miss. Keep up the good work
bro same lol these last few weeks the markets have been trash lol
Yes we gotta live to trade another day👏
@@jake4549 Fr
It is never the markets fault!!! Always your own, the sooner you grasp that the faster you will get there
The market is always right 🤙
what if you do opposite of what your strat tells you? 76proc wr would`ve been and prob could make 1:1 RR
I have passed the verification profit target now waiting for the ten minimum days, now am watching all TH-cam videos how people are losing funded account so that I cAn try to avoid those mistakes! My biggest problem is the volume I use and temptation to trade every set up I see! I really have to work on this. Otherwise I know i will also lose the account.. but I hope to work on my emotions lot size and understand that making reasonable living from FTMO is good for long term.. I only need to make 3to 4 percentage every month also I think I should watch my greed sometimes he says ok let’s go for 50k 20k😂😂 lol. Na this time taking it slow and trying to build a habit. Any habit after a long time will become part of our personality.. I hope to get there
Thanks for sharing your experience so far! Journaling will be a key metric to your success. Keep it up!🤙
Is it your account still ok right now?
Good luck bro
Common mistake I see a lot of people making with these prop firm accounts is treating the account like the stated size. If prop firm says your account is “x” ($100,000) size but your max allowed drawdown is “x-10” ($10,000) then your REAL account size is x-10!!!! ($10,000). So you were really losing almost 10% sometimes more than 20% of your REAL allotted account some days.
Think about it for a second.
Exactly, proper risk management is key. It is important to know your trading probabilities from the inside out.
Exactly ,your drawdown is your capital
Very true, i failed my $10 000 ftmo challenge because of that, only realised this after after my drawdown was $500 (max loss $1000), if i knew that from the start i wouldnt trade like i have $10 000 account, a lot of people dont pay attention to this
Thats why am always telling people, those are big accounts if you risk just 0.5% of whole account and aim for 1:2RR....trust me with the ryt system u can never lose that account coz it wud take you 20 consecutive trades to lose it all...and no reasonable system can bring that...if u get 10 wins in a row and then 10 losses in a row...overall account is still up 5%
Thanks for sharing 👍🏻
Question, you have a live account, you don't break the daily or overall limit but down nearly 10%. Does the live account just reset after a month or do you have to work on slowly getting out of the negative balance until you're in profit?
Thank you
Great question! I believe you carry the negative/positive balance forward to the next month and continue on trading
You going make way more then you lost.. guaranteed. You got this
Appreciate the support!👏
Thank you for your video :) Did you made some video from this ftmo account ?
Aloha! Thank you for the comment - if you're curious about an FTMO withdrawal check out this video: th-cam.com/video/sUkLrkSZ4W4/w-d-xo.html
@@HawaiiTradingAcademy thank you :)
Thanks for being transparent. We only see people posting when they win and not when they lose, so most new traders don't have a realistic view of trading because of this. We just think that once we pass the challenge, that's it! not knowing that passing the challenge is actually the easiest part.
Appreciate the feedback! Yes here on our channel we're trying to be great examples and share our experience to our viewers. No trading journey is easy and hopefully we are able to provide value 🤙
Hello, first thank you for the video. I would like to understand if I pass the tests and become funded trader for ftmo and then lose money as you did do I owe them the money I lost or I just lose my initial sign up fee?
Great question! You would lose the account and your registration fee when breaking any of the funded account rules. Hope that helps👍
may i ask you what program u use to record yourself and the screen at the same time? iam trying to make self analyze videos of my trade but i cant seem to find a good program to do so. This video was great and thank you for sharing your experience with us,
Great question! There's lots of good platforms out there. In this video, I used Zoom for the recording and edited with Final Cut pro. Hope that helps!
@@HawaiiTradingAcademy yes it did. I will try it today. Thanks for the video, it really helped me yesterday after i messed up a trade.
@@martinjanica10 Thats great! Keep it going! We want to send you our favorite trading tips. Head over to training.hawaiitradingacademy.com/tradingtips
Try using a 1:2RR...risking 0.5%...great results will be seen
I appreciate the video, not many people have the balls to talk about their failures.
I lost 3 funded accounts after taking out +20k.. But I'm glad it happened now considering I'm less than a year trading.. Everytime a lesson is learnt. It is what it is, these things happen.
Appreciate your reply! We just want to shed light on the full experience of trading both good and bad 👍 we lose, we learn and just keep going
Did you lose all 3 the same way?
@@Tez_FX yeah, they were due to over risking, being impatient and revenge trading.. Many times due to greed too when it came to stopping while I was in deep profits.. it’s all about being psychologically in control
@@aldonika gotcha, yea I’ve blown many accounts on my journey for all the same reasons lol I’m working on getting funded now that I have a good handle on those emotions and rid of those bad habits. But you’ll be funded again and you know how to manage yourself going forward 💪🏽
@@Tez_FX thanks brother. I really appreciate it. They were just lessons for us, it’s only a matter of time that we make the big bucks.
what are the requirements to maintain the FTMO account once you are funded? can anyone briefly explain? a net gain every month to maintain it?
No. As long as you dont violate daily and overall draw down you are fine. You are required to open atleast one trade per a certain time period i think like 70 days? Just so they know you are still trading and the acount isnt dead
In addition, you just gotta trade within the rules they give and you'll be ok👍
i am about to make a challenge and failed 2 Demo challenges with 70 trades lol XD so much overtrading the next one i also failed. Now i am much much better and calm. DEMO ACC teached me to calm my ass really.
Yup it's all about staying calm and executing your trades when the time is right. Good luck!
Y does the guy seem happy on the thumbnail
What I do is that I don't consider 100k as my capital..my capital is max dd level... so when u use that there is a low chance of blowing ur account
Totally agree!
Whit a funded account,if I lose 7% in a month,but i don't break the drawdown rules,i still have my account the next month?
Or i have to regain up at least to 0%
In order for the firm to extend your challenge you will have to be positive in your account. For example, for a 100k account, if your balance is $100,005 by the end of the 30 days, you should expect your challenge to be extended.
@@HawaiiTradingAcademye didn’t say for a challenge he said for a funded account
Bro I do not think it was you strategy .. the break through for me was switching pairs .. don't be married to gbpusd or gbpjpy .. fir example .. just last few weeks switched to augustd and audjpy ..
If you lose your account because you hit the max loss do you still get paid for the profit you did make?
Yes I believe when your account is higher than your starting balance at the time of hitting the loss limit, you should be able to receive a payout.
So can you requalify for FTMO or are you banned for losing 100k?
You can start a new challenge with ftmo👍
@@HawaiiTradingAcademy Thank you. All the best in your trading journey.
So when you lost your account were you able to retake the challenge for the 100k account and start again?
Yes you are able to start a new challenge👍
what happnes when you loose funded account? do you have to refund the money or what?
You won't need to refund the money but you lose the funded account.
Hi . Thank you for ur video . Got some question here . If i have funded account 50k . I made profit on that day became 58 k . But then i loss became 54 k and i got notice that i violated daily drawdown . But my account still have 54k . Is that means i lose my account ?
Correct, I believe if you breach the daily loss limit it will lead to losing the account
@@HawaiiTradingAcademy oic . Means i cannot make payout ?
Yes, If you violate a hard rule, you will lose the account and not get a payout. @@alfaizafiq11
@@HawaiiTradingAcademy New updated . Hi there , i just got email from ftmo support . I able to get split profit due my account breach but still in profit . For first time funded account only can split and after this cannot . However my funded has been deactived .
Thanks for the update!
Can be retest?
Yes you can retry
starting from $100k, you can have a net loss of $5k one month and still have a funded $100k account?
Yes. Your max draw down is 10%
Do you have a trading community in Hawaii? I'm on the big island so I know what it's like to wake up at 3 in the morning. Been trading and working on a system that fits me and I understand. It's based off risk management. Starting to all click together. Was thinking bout taking the ftmo challenge. Looking to link up with people from Hawaii who take trading seriously. Hit me up brutha I stay south side kona
Howzit Rory! Yes we have our online trading community locally on Oahu. I'd love to send you an invite! Email us at admin@hawaiitradingacademy.com
Ok awesome yeah I just sent an email about my trading and what I want to work on, but forgot to say how I found Hta hope that not a problem. Thanks again for da hook up!
if you lost your funded accoutn how many times can you try again the challenge?
Yes we can go for another challenge👍
I've seen someone who passed the challenge, passed verification and reached payment stage made good money, he always stick to his strategy no matter what. The next seasons have been painful for him it seems his strategy doesn't work anymore despite following it strickly. The moment we acknowledge these prop firms are rigged against us traders the better we approach the funding challenge with realistic expections. MFF stats is an eye opener it shows only 0.4 of traders are reaching the payment stage and they eventually loses their accounts as well. Lets trade with the hope we hit it big and invest in other business or open your own trading account but to dream of making it consistently (with prop firms) is lying to yourself.
Yes I can agree with you! Using prop firms is just a stepping stone to the bigger goal. As traders we need to learn how to adapt to the changing market conditions to protect our trading and mental capital. Thanks for sharing!🤙
The ultimate goal is to fund your own account. However I disagree with the comment regarding prop firms being rigged against us. I know of people that have been with ftmo on the same account for years with steady gains. It is possible to keep an account for a long time.
Prop firms rely on profitable traders to make them money.......they have no reason to "rig things" against us, but have strict rules that cant be violated to ensure it stays that way. Good on you Hawaii Trading Academy for being up front and honest, Trading isnt all rainbows and glitter, appreciate it mate, keep up the good fight and go again.
Create a strategy with a high trading expectation/high profit factor/high win rate that will withstand changing market conditions. The "It's rigged", excuse of yours is sour grapes.
he make it sound like a toturial
🤙
Bro I just want to ask ,, Are you a filipino or mexican?
Haha I'm Filipino
Can you get refunded?
You can get refunded when you pass the challenge and take your first profit split
Yeah😁😁😁😉😉😉
you took almost 200 trades brother. Just maybe Just Maybe you might want to take less trades and better entry's, I currently have a 100k account and I take max a month about 15-25 trades and average about 15k-35k depending what pairs I'm trading also. Again No shade or disrespect to you but I hope this works out for you in the future
You are sure to have a losing streak and then you can easily touch 10% drawdown. Prop firms are joke.
I can agree with you but those rules can help many traders implementing discipline into their trading. 😀
Probably you trade against the trend , that’s obvious
i reccommend you hedging, its been a lifesaver for me... My risk is only 0.3%
Thanks!
@@HawaiiTradingAcademy could you make hedging video.also another question in funded account do we need to make 10%target or withdraw any profit amount?thanks hope u get funded again😁.cheers👍
Dont worry only 1% of funded traders keep their accounts for 2months or more :)
I ain't even worried😄
Did you lose the account?
yes i did😢
@@HawaiiTradingAcademy did u get funded again?
Yes I did! 😁
your strategy has too much risk for such little profit. find a better one
Dont blame the market.
Totally agree. It's never the markets fault but our own with the decisions we make
@@HawaiiTradingAcademy yeah its unbelievable how fickle the human mind is sometimes we are in denial and it shows in trading. The psychological game/war definately made me a better person/trader