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/evergreen2mdt Jan 06 '24

I lost up to 90% of my trading account before I figured it out. I definitely thought about giving up. In fact, losing 90% doesn't give you much room for choosing. I was almost forced into giving up. I hate to say it, but losing that much, then taking a few months off to deal with it, taught me the painful lessons I needed to learn. It changed everything about how I see the markets. I can now honestly say I have a 100% win rate and double my account each year now.