How I blew my first live account
I blew an account because nobody told me to slow down
Early on I thought the more trades I placed the more money I'd make. Sounds stupid now but at the time it made sense in my head. More shots at goal, more chances to win.
What actually happened was I was in and out of trades all day, chasing every little move, convincing myself each one was a setup. By the end of the month I'd given back every bit of profit and then some. Account gone.
The hard lesson wasn't about strategy or indicators. It was about discipline.
Overtrading is probably the single most common reason beginners blow up and nobody talks about it honestly. Everyone wants to show you entries and exits, nobody wants to tell you that sometimes the best trade is no trade.
After that I forced myself to set a maximum of three trades a day. That was it. If I hit three I closed the platform. Didn't matter if the market was moving, didn't matter if I was up or down. Three and done.
Everything changed after that.
If you're sitting there refreshing charts all day taking trade after trade and wondering why you're not getting anywhere, that's probably your answer.
Been through it myself. Happy to talk if you're in that cycle right now and can't seem to break out of it.