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I know newer and more favouralbe stats - they have been divided into acc size :
small accs (5-10k) had loss ratios of 90+% ...guess why ? not as these guys
are (really) stupid, but as they obviously cant meet the first margin call - so first
BAD trade blows them out and they have no chance to take the next GOOD
signal :-)
accs over 250k - had a WINNING ratio of 55 %
rgds hans
> >Somewhere there is a statistic which says 9 out of 10 futures traders
> >blow out in the first year and quit. Anybody know the source of this
> >stat?
>
>
> Some newer info indicates the stats haven't changed much from the older
> studies quoted in another post. I assume the results at other brokerages
> are no different; these 3 are either the only ones contacted or the only
> ones honest enough to answer.
>
> >From 4/94 Worth magazine's online site:
>
> '.... “Our own numbers show that 90 percent of individual futures
> traders eventually lose money,” says John Frawley Jr., president of ML
> Futures Investment Partners, a subsidiary of Merrill Lynch, the nation’s
> largest brokerage firm.
> “It’s not a pretty picture.”
>
> Discount brokers who earn much of their income from individual
> commodities speculators, and therefore have an interest in getting
> individuals to speculate, share this bleak view. “Nine out of ten
> discount
> customers in the industry lose money,” says Steven Greenberg,
> president of Alaron Trading Corp. “It’s very unfortunate.” William
> Mallers Jr., president of the Chicago futures-trading firm First
> American
> Discount Corp., says 80 percent to 90 percent of his firm’s 9,400
> customers have lost money trading futures, and they keep losing it. “Our
> customers are mostly hobbyists,” says Mallers. “They almost ask for these
> odds.” '
>
> BTW, the messages (in the "who makes money" thread) from those who are
> successful is encouraging to those of us who are not, yet.
>
> Conrad Bowers
>
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