Been trading for about 2 months and I’m swinging between feeling optimistic about quick profits and then facing losses.
I’ve watched a few YouTube strategies but my results seem inconsistent. What timeframe should I really focus on to gauge my progress?
Two months? You’re barely scratching the surface. Took me six months just to read charts without feeling lost.
YouTube strategies are mostly garbage - they skip the boring stuff like risk management and position sizing. Those profit screenshots? They’re not showing you the 20 losses that came before that one winner.
Give yourself a year minimum. Track win rate and average profit monthly, not daily. Daily tracking will make you insane with all the swings.
Stick with demo until you’re profitable for three straight months. Then switch to micro lots with real money. Most people blow their first account because they rush this step.
Forget quick profits. Focus on surviving long enough to actually learn.
Inconsistent results at two months? Completely normal. Most traders don’t see real patterns until they’ve been at it for a year.
Stop jumping between YouTube strategies. Pick one approach and stick with it. Track weekly, not daily - those daily swings will drive you crazy.
Focus on not losing money first. If you can end each month without getting crushed, you’re beating most beginners.
Don’t worry about hitting home runs - just avoid striking out completely. Yeah, small losses pile up, but one massive loss will wipe you out entirely.
Give yourself six months to hit consistent breakeven. Most beginners blow up their accounts in year one, so focus on not losing money while you figure things out. Stop jumping between YouTube strategies - pick one simple method and stick with it for 100 trades minimum. Log everything in a spreadsheet: why you entered, why you exited, what you made or lost. Never risk more than 1% per trade. Got a $1000 account? Don’t risk over $10 on any position. This keeps you from going broke while learning. Judge yourself on sticking to your rules, not how much you make.