Sunday, September 23, 2007

Day Trading Still Misunderstood

95% fail? I mean, where do these statistics come from? In my experience it's more like 50%.

Anyway, no gratuitous hot chicks in this video... actually, that's not entirely true. "Bambi" was pretty cute.



(h/t HPT)

5 comments:

Jeff said...

what date in this from? - it shows Datek Streamer - a version I used about 6 years ago.

Dinosaur Trader said...

Jeff,

I dunno. I was wondering the same thing... there are also a bunch of people on the floor, so it can't be too recent!

-DT

artha said...

Maybe we should submit this "95% of all traders fail" dictum to Myth Busters or Urban Legends to dispel (or confirm). :)

Dinosaur Trader said...

artha,

I mean, I'm not a mathematician, but if 95% of daytraders have been failing since I started, almost 9 years ago, then how many could possibly be left? Meanwhile, occassionally you'll hear CNBC and others blaming volatility on "daytraders."

So which is it? If there are like, 12 daytraders left, how can they account for all the market volatility?

-DT

lawrence said...

i guess why they say 95% are loser because most of them just buy without having indicators and the floor trader think that day trading is a floor trader game.