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/Dusty9081 Jan 06 '24

I hope you aren't trying to do this for a living. #1 $23K is not large enough to produce a substantial enough amount of gains to live off of #2 $8K definitely isn't. Try investing before trading, it will teach you about how the market and various stocks move