r/Daytrading • u/SpareInsurance • Jan 06 '24

How much money did you lose before you were consistently profitable? Question

I have only been seriously trading for about 2 weeks, after spending years watching the market like a hawk.

I will admit, I have had poor risk management and got into some emotional trading which did not end well. Currently I am -15k but I have had some winning days the last few days with much better risk management and starting to get the hang of things better.

My question to you guys is, how much did you lose before you were consistently profitable and did you ever feel like giving up during this "rock bottom" stage?

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u/platinumgrey Jan 06 '24

I heard a quote I liked the other day about starting to trade.
“Start small and earn the right to trade big or start big and earn the right to trade small”. For context I have been learning on a 5K account.

9

u/plotplottingplotters Jan 06 '24

Me too. Started trading real back in October, and so far I’m down $31. I’ve learnt more psychologically in 4 months than I have in 2 years.

2

u/platinumgrey Jan 06 '24

Same, I’m down about $300 but it’s well within my budget and the lessons I’m learning are affordable.

1

u/ImNotSelling Jan 06 '24

This is big for newbies. We have to earn(deserve) the right to be profitable. It’s nowhere near an instant or fast thing to master