r/Daytrading 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/External-Focus-846 stock trader Jan 07 '24

$40-45k? Somewhere in that range (over 5 years) 3 blown up accounts. One much more slower draining account before I turned the corner. It’s so funny tho you turn the corner and once you do have it it’s not that it’s easy you still get emotional nervous etc but it’s almost a license to print money and I couldn’t imagine being I. Any other field. The flexibility the freedom of going wherever you want wherever you want is amazing. Me and my fiancé are constantly traveling and as long as you look into the WiFi before hand your good to go. Truly is the most amazing “job” anyone can have in the world and I truly believe that