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?
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.
what date in this from? - it shows Datek Streamer - a version I used about 6 years ago.
ReplyDeleteJeff,
ReplyDeleteI 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
Maybe we should submit this "95% of all traders fail" dictum to Myth Busters or Urban Legends to dispel (or confirm). :)
ReplyDeleteartha,
ReplyDeleteI 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
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.
ReplyDelete