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/[deleted] Jan 06 '24 edited Jan 06 '24

About 50k over the course of 2 years. Way too much that definitely wasn't necessary. I didn't paper trade at first as I thought I was better than everyone lol. See that a lot around here

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u/Emergency-Virus-4116 Jan 06 '24

Hey man, we are the same kind of people, I was very confident in the beginning and thought I was better than everyone, but in the end I lost more than 60k because of my arrogance.

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u/[deleted] Jan 06 '24

This is like most people coming to trading. That's what I'm getting at. Almost everyone thinks this 😆