WORST Trading Mistakes (after blowing 10 accounts)

nice tips man

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MARK DOUGLAS is the answer to any questions after learning a profitable strategy.

I'm on Evaluation challenge and I was having a FOMO moment, then I came across this video on my notification. Thank u for this. :)

🤓 thanks I learnt a lot and also got some tips to make corrections

Man all i need is a video on negative bealifs and self sabotage.... thank you Rafa

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I clicked because of the thumbnail. THAT face 😊 But stayed for the content =)

Great content. Good video! 🤓

Great video once more! So true, thanks for your great job to the community. cheers.

i do pass easily but maintaining a live acc is where it become difficult.

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I just lost my 5th funded account and I feel hopeless and like a completely failure.

I have had 35 challenges in the last 2.5 years and I really believed this funded account was the key to my freedom and I lost it. I really wish I had your guidance man and hopefully one day we can talk personally. I feel very devastated. I hadn’t been funded in over a year and took so much time and money and effort only for me to ruin it in 2 weeks. I hope I can become a profitable trader by the end of this year. Appreciate everything you do for the community bro.

I really appreciate the dedication in each video you post. Despite the dip in crypto, I still thank you for the level-headed financial advice. I started crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio. Thanks so much Mrs. Rita Sanchez.

Professor Kimmel with the juice as usuall.
Unrealistic expectation has caused alot of dammage in this indusrty, Anyone with unrealistic expectations will probably have attrocious risk management, and will probably jump from one strategy to another.

Good video. Thanks buddy.

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Boa dica mano. Comecei minha jornada no trading a 11 meses e tinha expectativas erradas que acabou me causando frustracoes, agora meu foco treinar minhas estrategias ate o final desse ano antes de tentar um funded challenge 🥸

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This is facts! After doing it repeatedly u start seeing ur things play out! And u just adjust a few things and u find profitable and have to wait for ur setups. Being patient is key!

yes..we have to put REAL targets or REAL expectations related to our skills and possibilities , to achive good results..Not every trade will be succesfull ,not every day will be profitable, BUT if we ajust to new condition, it will show how we are good in it .. Psychology is main factor in trading , and we will have to adopt it

Great vid Kimmel, great advice.😊

I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have, making it difficult to find ourselves back to our feet. My biggest advice is to seek the services of a professional just like i did when i ventured into it for the first time. Big thanks to Elaine Vega. I now make huge P rofits by weekly through her services while still learning to stand on my own.

King fu panda reference was epic!

Summary of this video:

Introduction:

Video discusses common trading mistakes beginners make.
Lessons learned from personal experience.
Aimed at helping newcomers avoid pitfalls.
1. Unrealistic Expectations:

Many enter trading due to social media influence.
Expect quick profits and easy money.
The reality: Trading requires time and effort.
Need to set realistic expectations for success.
2. Timeframe for Success:

Trading success takes longer than anticipated.
Patience is key - could take years to become proficient.
Avoid comparing oneself to quick success stories.
Set a long-term perspective for improvement.
3. Psychology's Role:

Psychology is vital, but timing matters.
Focus on learning a profitable strategy first.
Psychology supports a developed trading approach.
Don't rush into psychological training prematurely.
4. Treat Trading as a Business:

Approach trading like a business venture.
Develop a comprehensive business plan.
Implement risk management strategies.
Craft a solid trading strategy for consistency.
5. Learning Curve & Mindset:

Acknowledge the learning curve in trading.
Progress comes from continuous effort and actions.
Adapt a growth mindset to overcome challenges.
Understand that mistakes are part of the journey.
6. Increasing Time Horizon:

Patience is essential for sustainable success.
Extend your time horizon for achieving goals.
Avoid seeking instant results; focus on gradual improvement.
Compare trading journey to a baby learning to walk.
Conclusion:

Highlight the importance of perseverance.
Encourage traders to stay patient and persistent.
Emphasize the value of continuous learning.
Remind that personal experiences shape each trader's journey.

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i am averaging around $15000 profits above 100k on competitions but keep breaking the 5% daily draw down rule. Could you make another video on this rule.

A lot of valuable information provided brother 💯❤📈

Thank you😮

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Biggest lesson I learnt about trading..."Past performance is not always an indication of future outcomes." Once I understood that its all about probability, trading became easier and risk management became more important.

Why Christian Bale talking about trading?)

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Thanks

how many people here under 21 years old? please comment below your age!

Thanks for the video buddy. Your vids really encourage me on the path. Take care and all the very best!

7 years in and still trying

Love u from 🇮🇳

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A Man/Trader beyond his years. Thanks for the words of encouragement 💯 Videos like these is incredible value, for us traders who are still going through the hardest parts of our own journeys. *It is just a matter of time*. Impatience simply will never work long-term in the markets. Think with a future mindset, and definitely do not live in the past. Much love bro I love this free content.

Most traders struggle dealing with the reality of SMC/ICT systems with >1:2 R:R. Over time (>200 trades & >1 yr of data points in the LIVE MARKET) they are low accuracy systems (<40%). That doesn't mean they don't work, but you have to go through long periods (2-4 months) of major drawdown + recovery due to having to withstand 15-25 straight loss streaks. Those systems have 2-4 great months a year, the rest of the time you're basically running in place or digging yourself out of drawdowns. If you want the big 5-6 figure payouts you either have to over risk, get lucky and constantly blow & replace prop accounts or have >2M prop capital @ low risk and wait for those great 2-4 months out of 12. This requires A LOT of discipline & patience most traders simply don't have.

I've been trading just under 2 years and have been through the roller coaster of emotions that trading inevitably brings to everyone. I've jumped strategies once one strategy goes through a drawdown period and in the end going through all of that is the reason I've managed to get my first payouts on 3 live accounts and in phase 2 of 2 more. I think people need to make these mistakes coz that's where the lessons are learnt. The problem comes when people continue to make the same mistakes.
One of the best things that helped me realise I was the problem was my first edge. I've backtested 500 trades and forwarded tested the next 500 and yet I continued to fail despite the stats showing i could be making over 100% a year. It had only a 42% win rate and that taught me how handle the losses. When you loose more than you win but the stats show is extremely profitable than you have to accept the fact that it is your own emotions holding you back.
Another thing i think is vital to be successful is to be passionate about it. You need the excitement and drive to make you want to come back everyday even when the day/week before was a bad period. Everytime I take a loss means that I'm closer to another win, purely based on probability. But to feel this confident you need to have the back testing stats to refer to.

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🤓 Im in year 1and im very close to get funded

Someone said to me once, that you wouldn't expect to become a doctor or lawyer in a year or two. It takes work, time and effort. So why would you think a career in trading would be any different.

Thanks very important points!!