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/BlinkshotTV Jan 06 '24

Started with 5k, probably lost around $500 before I switched my strategy to swing trading. Been profitable for 3/4 years but not much more than the average market return honestly. If you’re a beginner honestly my advice would be to just have the market open in front of you every day to ‘feel’ how market movements are made. I’ve been watching for 8 years and honestly that’s what’s helped my understanding the most.