How I lost $100K Day Trading Forex With The 5ers - Losing Trader Motivation
HTML-код
- Опубликовано: 12 май 2024
- In this video I share with you a raw honest emotional forex trading vlog and how I lost $100K day trading forex- this is a motivation video for losing traders.
💡 LEARN How to Trade Forex here - bit.ly/3ujBm5w
💰 FREE Forex Trading Plan - bit.ly/3eJgx6Y
👉 Join Our Free Telegram Channel - t.me/emilymindfullytrading
TRADING RESOURCES (some may contain affiliate links)
👉 Get FUNDING with the 5%ers TRADING PROP FIRM - bit.ly/3qOMtfH
TRADING SOFTWARE
📈 TradingView charts join here - bit.ly/3QMSV5j
🌎 Recommended trading broker Vantage - bit.ly/49Rwk0i
✨ MAGIC KEYS 10% Discount use '5_MINDFULLY' - mindfullytrading.com/magickeys
🌟 FOREX TESTER 5 - 10% discount use 'MFTRADING' - bit.ly/3L8lHcc
🤖 4XDev- Create your own EA's, indicators & trading robots. Use promo code 'MINDFULLY10' for a discount! - bit.ly/3Feaffo
TRADING SETUP
💻 See full list of trading equipment here - bit.ly/3lkSTD3
TRADING EDUCATION
💰 FREE Forex Trading Plan - mindfullytrading.com/free-for...
📝 DOWNLOAD Trade Tracker Pack - bit.ly/3gqgPQu
📚 Trading Books - See full list of trading books here -bit.ly/3ArwVCO
📖 Trading Education- See full list of trading education here - bit.ly/2WRx7NV
///CONNECT
✔️ SUBSCRIBE for more videos - bit.ly/2LbkLb1
MINDFULLY TRADING WEBSITE- mindfullytrading.com/
FACEBOOK - bit.ly/2S6lAot
INSTAGRAM - bit.ly/3ayFrmJ
💎 Support the channel on Patreon & receive great rewards - bit.ly/2RNqDwA
--------------------------------------------------------------------
- TIMESTAMPS -
0:00 Intro
0:30 What makes a successful trader
2:00 The biggest challenge trading with a prop firm
3:27 How to get out of drawdown
4:43 Which prop firm to trade with?
5:17 Next stages
5:49 Hyper growth program
7:24 The importane of recapping losing trades
8:43 Losing trade review 1
10:01 The worst trade I took all week
12:08 Why didn't I follow my trade plan
13:05 Conclusion
I have been day trading with the prop firm the 5%ers for a while now, I have been consistently profitable. However the past 6 months have been an emotional rollercoaster for me, trading whilst giving birth to my second son.
In this forex trading vlog, I share insights with you on my personal journey battling emotional reactivity and my view on trading psychology.
This Forex trading vlog will help to guide you through your own journey with trading psychology including; how to get out of drawdown, how to review a losing trade and the importance of self reflection and journaling.
I hope you enjoy!
- OTHER TRADING VIDEOS -
👉 My Forex Trading Recap Videos (PLAYLIST)- bit.ly/33fLRFF
👉 New Trading Setup! Tri-Screen Monitor For Laptop - • New Trading Setup! Unb...
👉 10 Trading Tips for Beginner traders • 10 Forex Trading Tips ...
👉 Tradingview tutorial for beginners • TRADINGVIEW TUTORIAL F...
👉 Magic Keys On Screen Digital Review - • Magic Keys On Screen D...
👉 6 Best Platforms to Trade FOREX - • 6 Best Platforms to Tr...
👉 How to Start as a Forex Trader • How to Start as a Fore...
👉 FTMO Vs My Forex Funds - • FTMO Vs My Forex Funds...
👉 BEST Backtesting Software for Trading FOREX - • The BEST Backtesting S...
👉 The 5ers HONEST REVIEW - • The 5ers HONEST REVIEW...
You will like this video if you are interested in:
- forex trading for beginners UK
- forex trader
- forex trading uk
- day trading for beginners UK
- losing trades
- losing trader motivation
- losing trade reaction
- trading psychology motivation
- trading psychology forex
- how to avoid losing money in forex trading
- how to stop losing money day trading
- how to stop losing money in forex
- forex loss recovery strategy
- big loss trading
- trading losses reaction
- forex loss stories
- day trading for a living
If you enjoyed this video, please LIKE and SUBSCRIBE for more videos! ✔️
Thanks!
Emily
- Mindfully Trading -
// DISCLAIMER
This video is for entertainment and educational purposes only. I am not a financial advisor and I am not telling you where or when to take a trade. I express my personal opinion only. Trading financial markets involves risk. I am not responsible for any losses incurred due to your trading. I do not recommend any specific trade or action, and any trades you decide to take are your own
#forextrader #daytrading #tradingloss
The fact that you are doing all this (trading and documenting it publicly) through pregnancy and post-partum is just admirable! thank you for sharing your journey ❤
I admire your courage. Don't give up!
I found that fascinating. Thought you are really brave for sharing . I make some big wins and some big losses so working on my discipline and of course psychology to keep my emotions in check. Picked up a few pointers from your video. So thank you and very best wishes …. To you and everyone trading, it’s not easy but i do love the process. 👋
KEEP GOING 💪😎. You're an inspiration to us all @MindfullyTrading 🙏
Do not worry Emily! Take another challenge and smash it :) You have beautiful radio voice.
sorry for your loss, and thanks for motivation
I have two kids. 2,5yo and 11month old. I had to stop trading during this time. I couldn’t even study. I worried about the time forget everything. So from after few weeks and months, from time to time I opened the chart and traded demo. Or watched trading content. But I had almost 1 year with no trading at all. No social media etc.
and even now. It’s almost impossible to make my full analysis. I have to change my strategy into more swing. I had to change few things. Starting study and demo again. Get my confidence back. I skip backtesting. No time. I do fortesting.
I can just sit on my laptop around 20.00 pm ( if I am lucky). Pretty tired. But I get through this. For my kids. I skip trading days. If I slept horrible. Or I feel sick.
I am happy a female trader talks about this.
Sound of your voice and video are nit synch.
You never had 110k to lose in the first place
Great information. It will help me to maintain focus on a plan.
Thanks for sharing and good luck
You said everything right about the main mistakes, about the importance of psychology and discipline. I have been trading short term for 5 years on Fybit and I completely agree with you. But I wouldn’t go to a prop company. Extra pressure on the psyche and decision making.😬
I started trading 2 years ago after the painful experiencing of learning and losing for 3 years while holding a demanding full time job. I have a good strategy and have taken my small account up 5x from $4,000. It is getting to the point that the money is building pretty nice through the power of compounding. Even so, I joined the 5% because with a solid strategy I can make more money with their capital once I jump through the hoops (which as I have said "is tough while working a demanding 12 hour per day job") I figure that a person can triple the risk to reward for a faster growth. The maximum I could use on my forex account with leverage on my funds, trading the 5 min time frame on my strategy is a $200 risk. I use a 1:1.5 risk to reward strategy with 10% of my account ($200). My profit rate is anywhere from 40% to 60%, but mostly stick around the 50% mark, so I am slowly moving ahead on my personal account. With the $100,000 challenge with my win rate, if I stick to my rules under my continued win to loss ratio, I could use a $1000 risk to make $1500. That is a big increase of potential profit, and it still uses 10% of my allowable $100,000 account that can be used for leverage; I'm used to a 10%risk. My maximum loss number has never been over 5 consecutive losses, and that was once quite some time ago. It is possible by the capital that I can use from a prop account, to very quickly build my personal account and even collect a salary from this firm if things were to go extraordinarily well. Until my account is big enough, this will have me moving ahead much faster than I could at the level that I am at. If a person had a $100,000 or $200,000 account, there would probably be no need to use a prop firm, but if you are ready and are experienced/profitable at trading, yet have not got enough funds to get off the ground, this is a great resource. This will take me a while due to my job, but once it's done, I can focus on putting more time into it. I'm an old guy and this has been my hobby for the last few years. I have to shit or get off the pot.
Gurl, we've all been there. I've also lost $100,000 on the widow-maker NAT GAS last year. It takes a while to recover but leggo!
After four years of trading and having winning and losing trades like any other trader, I got tired of the emotional aspect of the up's and downs and the way it was making me feel and how it was affecting my personal life and mental and financial well being. I took a course from a true professional that worked in Wall Street and I also put in the time as well. The harsh reality is if the ones that are making money from trading are the brokers charging commission and selling order flow, as well as the market makers and course sellers of the world selling the laptop lifestyle that's a total dream and fallacy. Getting rich long term through buy and hold dividend stocks and s&p 500 index fund is the for sure way to gain financial wealth. Wish you the best of luck Emily with trading hope it works out for you in the long run.
thanks for sharing
Hi Em, great video thank you. I ask myself everyday.....why dont you just stick to your plan....why is it so hard! The slightest thing will change my trading psychology. It is real and insanely hard but like you said just get back on it and be persistant and you will get there. Tomorrow is a new start! 😂
Love ur honesty ..❤❤
I did it last week (went against my system) . It is a lot more difficult to retain the concentration when there is so many other tasks that need to be given concentration on too . I find reducing my risk and in turn reducing my potential profit helps me to think more clearly when life gets in the way .
I've watched this three times. As you replay your trades I keep saying "I've done that', "I've thought that", ...
Hi Emily, I don't think you should change your High Stakes challenge pursuit. You're such an inspiration. I've taken the 20K High Stakes challenge. it took me one month to achieve 8% for phase I and two weeks to achieve 5% for Phase II. I'm now working on receiving my first ever payout this month! To put this in pespective. I started taking prop firm challenges in February of 2023. I blew 8 challenges straight before passing phase I and phase II of a 5K High Stakes challenge in October 2023. I blew that account before receiving a single payout. I then took another 5K High Stakes challenge and blew that account too! After I started journaling my trades and limiting myself to one trade a day at 1% I took the 20K High Stakes challenge from which I'm now expecting to receive a payout this month.
not easy to trade and raise a child simultaneously, you choose to be a better mom than a better trader and that's a very good , btw , I like your smile and energy ,
i have a question please im a scalper does that 5ers will give me tight spreads since i dont see they have a trial demo for that?+ love your content
So real.....thank you
earned subscription :)
Hello, Thank you for the video. Can one trade s&p 500 and nasdaq i 5ers?
How many times have i taken trades based on the 4hr and below and watch them go the wrong way. Then look at the daily and even weekly and realise they were more accurate.if the daily and weekly align you have more chance of trading in that direction.
We are all Human Emily.. dust off and keep focused :)
Which are the best prop firms regarding drawdown?
Thanks for sharing like you do as you give so many of us inspiration. I am retired with all the time in the world to research and trade & a financial background yet trading is still hard to do. Speaking of that, using your link and discount (thanks for that) I entered the $60K High Stakes Challenge way back in September and still have not achieved the 8% gain, but am still alive in the original program. I wonder what's the record for taking the longest to complete, ha.
I've taken the 20K High Stakes challenge. it took me one month to achieve 8% for phase I and two weeks to achieve 5% for Phase II. I'm now working on receiving my first ever payout this month! To put this in pespective. I started taking prop firm challenges in February of 2023. I blew 8 challenges straight before passing phase I and phase II of a 5K High Stakes challenge in October 2023. I blew that account before receiving a single payout. I then took another 5K High Stakes challenge and blew that account too! After I started journaling my trades and limiting myself to one trade a day at 1% I took the 20K High Stakes challenge from which I'm now expecting to receive a payout this month.
Hello, do you have a discount code for 5%ers please?
Loving yr videos. Do u have a “buy me a coffee” link. I’m sure some of us would like to send u coffee $$. Look forward to watching more of yr trading journey videos.
I have a 20k scaled up from
10 k after reaching the 10% target (and I was charged 5% to scale) . I would like to join another prop firm but one that does not charge to scale up, is this so with the 5%ers🤔
I have accounts with 5%ers and with Funded Engineer, I have found funded Engineer better on everything, spread, rules, costs, everything.
Em, there is only one thing left to do, get another challenge and try again. You can do it
thats experience and challenge
Had similar last week moving SL silly mistake 50K challenge 😢
Please tell me name of best broker in uk
Hey Emily i want to take your opinion, i feel really down i spent 3 years of hard work and dedication sacrificed everything from time good job time to be able to be profitable in forex and I finally started to see a little bit of results. I’m fearing US government to start going after prop firms i m not a U.S citizen but I’m afraid all that time and effort i spent will be wasted id something happens with prop firms.
Would love your opinion on that
Also regarding your video, i would encourage you to continue trading i realized that you improve little bit by time but you don’t realize it. So keep going as long as you have time to trade.
I was wondering do you work full time in the morning or you don’t work or you work afternoon. The challenge I’m facing I can’t find a Job in the afternoon so i can trade in the morning
Dont use prop firms based in the US if your worried about them being taken down, there are plenty based in other countries.
@@si2k could U.S go after them too?
@@SMC_Trading22 Not as long as they don't allow US customers, FTMO has just banned US customers.
you could have benefited from both trends ....remmember devil hides in details .....like your honesty..... friendly tip.... avoid fib and other spaghetti lines ....they are not very realible .
Why don't u trade london session though
Ive had issues with 5%ers. When using the stop loss the price goes right on through like its not even there. This has happened 3 times now. Cost me an account, Im not sure Ill go back to them now coz its never happened with any other broker.
I had the same issue with a trade during a news event. The price just ignored the stop loss. I too was with 5%ers.
@@indysingh9626 if it was during the news it would be a good explanation. It wasn't and I have sent over screen shots to the company though I doubt anything will happen. Its worth watching this company as it hasn't come across legit
It's called slippage, happens when a big momentum of orders are filled, normally news day's, make sure you know when news day's are and trade only after the news
Please guide me to stock based prop firm , I m Er.Jagdish Prasad from Bharat
how come you lost your account just because of two trades? How much % do you risk per trade?
the lady always used 1:1 ratio which is very dangerous for newbies trader. back to 1:2 RRR or 1:3, your risk management is too high size down please.
🎉❤❤❤❤❤❤
What happened after losing $100K? Do you need to pay back to the broker?
no no
So you DIDN'T lose 100,000 Dollars at all then? Did you really need to click bait your audience? In other news I lost 2.7% of a six figure account on Monday. Recovered 63% of that loss as of today. Now that's losing!
6% max drawdown is ridiculous, how many losing trades can occur during drawdown? Sorry 5%'s, this is scammy.
@@mindfullytrading18-telegra Aimed at the firm not you, I watch ur vids all the time and appreciate what you do, I see how my comment came across however. Reality is 6% max DD is just not realistic especially for newer traders, 6 straight losers at 1% each and game over, doesn't really inspire confidence, works for you great, I prefer to send my money elsewhere - just an opinion - please keep up the good work.
you didn't lose $100k. thats just wrong title. clickbaiting?
She lost the entire $100k account, so I guess she technically did
@@joseloranca8790 thats wayyyy different from "losing 100 000 dollars"
Still worth watching for..
@joseloranca8790 Sure, but it's the fact that she didn't specify that it was an account and not actually 100k worth of money.
If I told people I lost 100k day trading everyone's leading interpretation will be that I lost 100k of money. Not that I lost a 100k account.
@@bryfryableBut you understood what she meant right? For me it doesnt matter how she delivered it or gave title to it, its the meaning of the message, people like me needed that as I go through psychological trading problem that I need to build up.
we always have an excuse to blame.
Did you really lose $100k? nope lol clickbait title love!
This video is a complete waste of time. You went on and on about how you should not have traded with all the distractions you had. You talked about 2 positions you opened, it seems to me that anyone trading, even without distractions, would have suffered the same losses as you as the market could have moved in either direction at those points. I did not learn anything about your strategy.
@Get-intouch-let-talk that's not a valid mobile number.
hot!
Dont be a prick. She is a trader. Not sure what part of the world your stone is located, but seriously grow up, or go back under it.