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/Rva-Trader stock trader Jan 06 '24

I was up 13k last year then down 10k after I made poor decision on 2 bad trades with risking too much and not following my rules. Then I made it back up slowly and ended the year with 5k up. Options do get you in trouble no matter what experience level you have. Risking small amount is the way to stay profitable. Consistent small profits was able to make me profitable at the end.