How much money have you lost trading?
Maybe a “strange” question, but it’s actually just something I was wondering about earlier.
On average, how much money does a trader lose during their first 4–5 years?
I’ll go first: I started trading 5 years ago, I’ve been profitable for just under a year, and during my first 4 years I lost exactly 4,200€. This amount also includes the money I spent on trading courses/mentorships, which comes to around 1,500€.
I have to say, 4,200€ always seemed like an insanely high amount to me. I genuinely thought I was one of the worst traders out there. But recently I’ve been browsing some forums and I’ve read about people who managed to blow through 10k in just a few months, and others who will be paying off trading-related debts for years because of the stupid mistakes they made.
So, looking at it from that perspective, I guess I wasn’t doing quite as badly as I thought
What about you guys? How much money have you lost so far?