Most traders don't fail because their strategy is bad. They fail because of 5 repeatable mistakes that blow accounts week after week. Here's the list — and how to catch each one before it ends your challenge.
The week is in the red. Friday afternoon you try to make it back. 8 trades in 2 hours. Daily loss breached, challenge over.
Track every trade live. Daily loss bar + push alert at 80% before you click another BUY.
You take a -2% loss. You jump straight back in 'because it has to come back'. No setup, no plan, no edge.
Tag the trade. Stats prove your win rate on revenge trades is sub-20%. You stop doing it.
Position open at 8:30 AM EST when data drops. 50 pip spread, slippage, SL skipped. Funded account wiped in 3 seconds.
Built-in economic calendar flags high-impact news. You see 70% of your losses sit in news windows.
You leave a swing trade over the weekend. Sunday open prints an 80 pip gap against you. Max DD breached before you can react.
Max DD is calculated from equity peak (the way prop firms do it). Friday alert if your exposure exceeds your buffer.
'It'll come back this time'. You hold the loss 30 min, then 2 hours, then to the bell. One trade eats a whole week of profit.
Tag your no-SL trades. Average R:R on those is -3.5 vs +1.2 with SL. Hard proof.
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