I’m going to share a story a friend told me.
Last year, he made around 60k in just a few months. Everything was moving fast, maybe too fast.
He said he was pulling in between $1,500 and $3,000 a day. His edge was simple: trading high-beta stocks while following the moves of the S&P 500. At first, it felt easy. Wins kept stacking, confidence kept growing and so did his position sizes.
Then things shifted.
He started letting losing trades run. Holding positions longer than planned. Sometimes overnight, sometimes for weeks, just hoping the market would turn back in his favor.
It didn’t.
He ended up wiping out all his profits #plus an extra $45k from his own capital.
Now he’s trying to rebuild.
Over the past few months, he’s changed everything. Smaller positions. No overnight holds. Only trading the first hour of the session. He takes what the market gives him usually between $500 and $1,500.
So far, it’s been more consistent. Fewer losing days.
But he’s still unsure.
Is he finally doing things right or is this just another phase before things go wrong again?