Trader gave back 40% profits in one day

Today I had a really amazing trading day on Tesla. Tesla is moving toward $500 per share, its all time high.

I was livestreaming my trading in the Bear Bull Traders chatroom and our community actually helped me notice something about my behavior today.

Even though after my first trade I already made my money for the day, I was still tempted to take another trade on Tesla. I had to talk myself out of overtrading, and fortunately our BBT members held me accountable for my trading rules today. Usually, once you hit your daily profit target, you should stop trading and protect your gains.

Today, Tesla actually continued to work really nicely. If I had taken that extra trade, I would have made a significant amount of money. But this is exactly the trap traders fall into. You should never focus on what you could have made. You should always focus on discipline, because discipline is what keeps you consistent over time.

Our $50,000 funded training account is a perfect example of how discipline makes a huge difference. One of our top traders in this program doubled his account in less than a month, making over $10,000 in profit. That shows he is a strong trader and it also shows how effective our community is at teaching people how to trade.

However, over the last two or three days, he had some major losses. The reason was overtrading and not sticking to his risk management rules. I am going to share a screenshot of his equity curve so you can clearly see what happens when discipline breaks down.

I will make a recap video to explain this in more detail, but the message is simple. Discipline and risk management are what make traders successful.

If you have not done the funded training account challenge yet, I highly recommend it. This optional challenge helps you experience the real consequences of trading.

Many people ask me why they do well in simulators but struggle in live trading. The answer is consequences.

If I paid you $100 to walk on a table in my office, you would probably do it. If you fell, there would not be much consequence. But if I put the same table between two tall buildings in New York City and offered you $1 million, you would probably say no. The consequence of falling is much higher, and that pressure changes everything.

Trading works the same way. Before risking your real money, take the funded training account challenge. Test your psychology and see how you perform under pressure.

Also, do not forget about our Thursday mentorship session inside the Bear Bull Traders community. Thor Young, one of our best traders, will be hosting it at 8:00 pm Eastern Time.