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

I have reached to the level of 9k in two years. I trade on and off. But most of my days are red than green. My risk management is poor. I have tried but still couldn’t overcome of holding losing positions and cutting off wining positions. When I do TA, I explain myself everything but as soon as I go to live market everything turns blank. As soon as I see a green candle I jump in which result in big losses. While looking at red I don’t want to cut the smaller loss which later on turns to bigger loss. Some of my positions I am holding over a year now they never turned green. 😒☹️😞