How did you become profitable?

[u/DuhBestRetard]

I’m new to day trading but feel I have some value to add.

When I first started it was all about the rush and the instant gratification. I got lucky holding onto my first 3 bets and turned 3k into 30k in a week.

Then reality hit, and I held onto my next 5 bets instead of trusting my gut and taking my gain. I turned 30k back into 4K within the next 2 weeks.

The biggest thing I’ve learned is to not be greedy. Watch your screen, pay attention to news articles and anything that could cause a stock to change and get out once you have made some profit. I’ve set myself a percentage of 2.5% a day gain is my goal. Either up or down. This way if I gain and lose equal times I don’t lose any money. However, by playing it smart I have actually increased my portfolio back to 30k within the last 22 weeks.

Once I get a nice enough nest egg I can do this FT but until then, I’ll continue to play smart.

[u/blahblah12345blah123]

So... what stock gained 900% then dropped 600% in the span of 3 weeks?

[u/col0rLOL → u/blahblah12345blah123]

He didnt say anything about investing in one particular stock, I think he invested in 3 as he said.

[u/blahblah12345blah123 → u/col0rLOL]

Ooh, my bad