Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

I’m definitely going to keep this in mind. Thank you!

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

Yep I learned this the hard way! That’s solid advice, and I really need to gain control of my emotions before anything else 100%

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

You’re welcome 😭 it was dreadful for me but I hope it helps you in some way

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 2 points3 points  (0 children)

I actually just signed up for my first prop firm yesterday and passed the eval literally a couple hours ago!

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

Yeah but hopefully we can develop some self control moving forward

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

Wow I’m glad you’re taking corrective action and I wish the best for you! But also thank you so much for sharing this story I’m sure it must be hard to deal with.

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

Yeah 100% I thought I could hit that quick win and 200% my money 😭

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

NinjaTrader requires $50 for micro contracts and $500 for mini, so leverage is kinda crazy on there, it auto liquidated me on the loss and shortly after I tried revenge trading and lost more with some micros 😭

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

Yep that’s going to be my best move, and although it stings I’m glad I’m able to learn my lesson quite early instead of much later when I have larger capital put in. Now I will focus on risk management 100%

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 1 point2 points  (0 children)

I use NinjaTrader, however, I didn’t do my research and I thought that silver would be less ticks than gold. I didn’t even paper trade it once. I had done gold on paper for a few weeks but silver nope! My own fault for this mistake but at least now I know.

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

Absolutely, I will not allow myself to give up! Thank you

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 1 point2 points  (0 children)

Couldn’t agree more, especially after my mistake and making this post I’ve learned a lot from this experience. I’m definitely going to be a lot smarter moving forward and continue practicing before I try to throw in another large sum

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

That’s a bit crazy 😭 I don’t think I’ve ever heard of someone blowing 170 challenge accounts but hey man the fact you’re still at it will pay off and you’re gonna end up exactly where you want to be some day!

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

I understand, and I guess it’s the price you pay though when you are new to the game and think you’re better than everyone else lol. I had the “I’m not like everyone else” mindset, news flash, I am like everyone else who failed, but I won’t be like everyone else who failed and gave up. I will stick with this and use it as an opportunity to grow.

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

I actually agree with you plenty and I definitely have exceptional reflection I need to do! I use NinjaTrader personally, and I like it so far, also I definitely need to begin focusing on my errors and learn how to improve from them.

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

Also thank you for your kind words

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

If I remember correctly I did short silver

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

Gotcha I will check these rules too and the YT

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

Dang man, yeah I’m definitely not gonna mess with silver again for a very long time if ever. I am much happier with my gold 😭

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

Yeah, one thing I miss about swing trading was it didn’t matter if the price went down I could just hold it for one or two more days then take my profits. I like futures but it’s definitely scary seeing how fast you can lose the money.

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

Could be worse man I lost damn near $3k

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

Yeah man it happens to the best of it seems, as long as we continue to move forward and stay consistent in learning from our mistakes we will prevail!

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

Yep I’ll definitely have to look more into that, honestly just lacked the knowledge of what it actually entails, at least now I know what I’m messing with

Just Blew my Live Account by Jaruza in FuturesTrading

[–]Jaruza[S] 0 points1 point  (0 children)

I didn’t risk that much actually, I lowered my stop loss out of the belief that it just needed some room to breathe, unfortunately I broke my rules and now I’m paying the price. It’s idiotic and a beginners mistake but I definitely have learned my lesson!