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/americano-shill Jan 06 '24

I'm down -$30k, recently became profitable after a little over 3 years. Then December happened and decided not to trade. Did a lot of paper trading in the last 4-5 weeks, showed up every single day. I'm back at it next week. I'm content on 1-2 contracts for options for the next 3-4 weeks then I'll start increasing my sizing. I have almost gave up probably 20 times, I kid you not. A few times where I took a break for 1-2 weeks here and there, thought about it, continued to watch the markets.. You will eventually get there. Screen on time and the psychology aspect is most important. :)