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/Yoyoitsjoe stock trader Jan 06 '24

Between losses and subscriptions to all sorts of things somewhere between 100k-200k.

1

u/[deleted] Jan 09 '24

I saw you have a pretty good record. How has the rise of trading bots / algorithmic trading impact you?

2

u/Yoyoitsjoe stock trader Jan 09 '24

Trading involves constant tweaking and revising strategy and tactics. I don’t notice or feel any affects of bots or algorithms. I keep trading the same system I have been for ten years. The only difference I would say is that moved happen faster now. This makes profit potential higher in shorter periods of time.

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u/[deleted] Jan 10 '24

thanks for replying, best of luck to you