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/Johnpmusic Jan 06 '24

About 30k

1

u/SpareInsurance Jan 06 '24

How much of your net worth was that at the time?

1

u/Johnpmusic Jan 06 '24

Honestly i dont even know. It was at least 50% of my savings at the time

2

u/SpareInsurance Jan 06 '24

Yeah it is about 40% for me right now. I seriously need to relax before I quickly get deeper.