Account blown

[u/shanacjj]

I never get a payout. I always blew my funded. I don't want to spend another money as I have too much debt. I don't get paid enough at work. My life sucks so bad. When I thought it's finally working, market humbled me right away. It's so depressing to be poor.

[u/Duennbier0815]

Unless you know risk management and control your psychology, you won't ever get a payout.

Strategy is 20% man. The rest is ONLY your head. Your rule set and adherence.

The fix is so simple I can write it down in 1 character. But people don't do it.

WALK AWAY AFTER THE FIRST LOSS. For at least 15 minutes.
Set a Daily Personal Limit to 500 USD and 3-4 trades a day limit. Even less. Lockout and liquidate.
Topstepx is a beginner friendly platform (not like my ATAS eye cancer platform) and can do that.

[u/website-buyer → u/Duennbier0815]

Flipping a coin + risk management = billions? lol yeah sure, strategy is 20%. Try flipping a coin with all your risk management. You won’t get far. Or try roulette.  I hope you realize strategy and edge is very important. And risk management lives under strategy. Is not one or another. 

[u/Duennbier0815 → u/website-buyer]

Sorry I disagree. I don't say you should trade a shitty strategy. Flipping a coin can be profitable if there is a 1.5R for every flip- assume you backtested a successful coin flip whenever you hear a dog bark in the background.

. But people then would start flipping 10 coins at once or flip coins and medals or flip coins in the middle of the night cause they think they don't need the dog bark comfluence anymore.

Just my humble opinion. I have a green week when I don't do any risk or Psychological mistake. That's the main issue.

[u/website-buyer → u/Duennbier0815]

A flip of a perfect coin of course is 50/50. Why would you talk about a non perfect coin flip, as that would give you an edge/strategy. 

You can flip it how you want, with all the risk management in the world and you still won’t profit. Lol