How I Became a Profitable Day Trader: In 30 Weeks
It took a lot of time, effort, hurt and money
As I sit down to share my journey of becoming a profitable trader, it’s hard to believe that just 30 weeks ago, I was staring at the remnants of my third blown trading account. Having lost over £1,500 in total, the path to where I am now — consistently making profitable trades — has been as much about self-discovery as it has been about learning the intricacies of trading. Let’s dive into this transformative journey.
The Early Days: A Tale of Three Accounts
My trading journey started with enthusiasm and a certain naivety. I believed I had what it took to make quick profits, but the markets had other plans. My first account, funded with over £500, was depleted within weeks. Undeterred, I refueled with another £500, only to see history repeat itself. By the time my third account was wiped out, I had to face the harsh truth: I was doing something fundamentally wrong.
The Turning Point: Managing Emotions
The biggest culprit, I realized, wasn’t the market — it was me. My emotions were driving my trades. Hope, greed, and fear became my decision-makers, leading to impulsive trades and poor risk management. The turning point came when I…
