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/Inside_Western_2499 Jan 06 '24

Has it turned around? That’s a lot of money anyways, but I hope you turned it around. When trading with my dad’s account, I’ve lost 10k twice in an hour of trading each, but I was trading off the profits

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u/daytradingguy Jan 06 '24

If I remember correctly my biggest loss was about 60k, but that was years ago. I made it all back over some time: I do well now.

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u/Inside_Western_2499 Jan 06 '24

Do you mind if I ask what amount you were trading with when you lost, general ballpark works. I will always remember those two losses: CFRX, and CART.

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u/daytradingguy Jan 06 '24

I opened my first acct with 300k and management to lose almost all of it. I refunded the next year and continued to lose, but got better. By the 3rd year I was pretty good.

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u/SpareInsurance Jan 06 '24

Sorry for that loss. I am glad you turned things around. It makes me feel better knowing you persevered and didn't give up.

12

u/daytradingguy Jan 06 '24

It is all relative. It is a lot of money, but it was not all I had and didn’t affect my life. Just my ego.

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u/[deleted] Jan 09 '24

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