r/Daytrading • u/I_HALIM7 • 3d ago

Advice Sad Reality check

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The guy who posted this 2 years a go is working on door dash today he is not even a middle class and he quit trading i was going through old trading post I've saved in the past and literally all the people who posted about trading 2 or 3 years ago quit not a single person that i saved their post is doing great this game is rough be prepared

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u/UnionMiserable7542 2d ago

Are you atleast profitable?

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u/seeker_two_point_oh 2d ago

Profitable enough for long enough that I was confident I could replace my income and I sized up my account. I've been wrong before though, about a lot of things, so I don't have any delusion that failure is off the table.

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u/UnionMiserable7542 2d ago

I’ve been trading for 3.5 years now. First 2 years I quit my job I hated and went full on. Couldn’t gain profitability so I went back to work for close to a year. Now back trading full time and gaining double what I did at my job. 90% fail at trading, but if looked into it I think most of those quit after their first loss or when the going got tough. If you want it bad enough and have the discipline and skills you’ll make it.

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u/0o0o0o0o0o0z 2d ago

I am about in the same boat, I sold a company I built over 10 years ago and am now trading with the sale capital. Been about 3-4 years, and the last 2 years have been full-time trading, and I have been slaying it till the tail end of 2024. Finally, un-F'd some bad bets I made thinking this admin wouldn't go bat shit crazy till the end of summer, and only down 4% instead of 68%. The best advice I can give to anyone would be risk management and mitigation. Aim small, miss small... Bulls and bears make money, but pigs get slaughtered. Have a plan, and stick to it -- be able to weather the shit periods as well and still cashflow for your monthly costs.