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Not having any figures, I would venture a guess that there are approximately
the same percentage of successful day traders as there are successful business
entrepreneurs. There are far more employees then employers, there are far more
businesses that just get by and offer their owners no more then a salary then
those that are very successful. Every individual is different and their
capabilities are different. One person can sit and read the tape and be very
successful and another can go broke doing the same thing. It doesn't matter
how many successful or unsuccessful traders, day or prosition, there are. It
matters whether you can be one of the successful ones. Have a good week. Ira.
T-Bondtrader wrote:
> There seem to be some silly statistics being bandied around (on other
> forums) showing the success of day traders being as little as one tenth of
> one percent (the of what is not alluded to!). While most of the
> propounders of such figures seem to be position traders or vendors of such
> systems or services, it would be useful to know of the reliability or
> otherwise of such statements. Does anyone know if there are any creditable
> figures, concerning day trading or indeed position trading of individuals -
> not professional houses, which will always be a mixture. I imagine it is
> probably impossible to garner any figures that mean much, but it would be
> interesting to know if there are any, at all.
>
> In hope rather than anticipation
>
> Bill Eykyn
> www.t-bondtrader.com
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