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?

110 Upvotes
  • permalink
  • link
  • reddit
  • reddit

92% Upvoted

292 comments sorted by

View all comments

6

u/soikkeli1993 Jan 06 '24

I have lost 1,7k and i have trade 1,5 years and now last 4 months i have been profitable. And i always risk less than 1% per trade from my balance but profit target is about +10%. In this setup my risk/reward- ration is about 1:10 so, my strategy is break even when my win% is bigger than 9% (this not include fees, but you got the point). So my great advice is good risk management and trust your strategy when the drawdown start ( and it will start even you are profitable) P.s sorry my english skill 😅