|
PureBytes Links
Trading Reference Links
|
----MB said
...I was told that the average account 5000 to 15,000 that was
opened up to daytrade the e-mini SP. Closed due to debit or
was inactive because of a lack of funds within 4 to 6 weeks
----TJ sez
i know for a fact that less than 1/10 of 1% of futures traders at
my clearing firm have gains on the 1099's that are sent out last year.
so if you want to become a day trader, the odds are stacked against
you.
---- Ron Augustine <RonAug@xxxxxxxxxxxxx> wrote:
I don't have any stats, but imo, it's probably far less than 5% of the
people who attempt day-trading that meet with any worthwhile degree of
success
----Alan asked:
What are the real odds of trading success (not just daytrading)?
Look. 95% of people fail at *life*. Why should trading or day trading be
different? Remember:
(1) 85% of money managers will underperform the S&P 500 index over any 10
year period.
(2) Over 80% of all new businesses fail within the first year.
(3) More than half of all Americans will be broke or dead before they reach
the age of 65.
It is not those clever vendors with their tricks that lead traders to lose.
It is not the media which glorifies day trading that is to blame. No. The
cause is simple: success, in any area of endeavor, is for the few.
The Omega Man
|