Started trading in 2022, made $450k in 6 months -> blew it to negative $350k -> quit gambling and now back to $450k 3 years later
I started trading after the meme mania. Had a lot saved up from working and being single. Decided to give trading a try.
Did incredible. Quit my job. Blew up shortly after and lost everything I made + more.
Was down to $10k remaining. The desperation sure made me risk averse. Started trading small. Taking it 1 day at a time.
Almost 3 years later, I managed to get back to where I was. Sucks that if I had been this disciplined from befinning, I wouldn't have wasted 3 years to breakeven.
Throughout this I learned that my tilt days make up over 90% of my losses. If I don't have those outlier losses, I would do so much better.
This is why I have set max loss rule. If I am ever down more than a certain amount of $ a day, I shut it down and walk away before it balloons.
Interested to know, anyone else do that? My trading completely changed ever since I implemented that.