Re: FUT: Stats on Day Traders

["BrentinUtahsDixie" <brente@xxxxxxxxxxxx>]

I don't have a real answer but it may be "right" because of a couple of
things.

Since joining this forum I have seen 2 persons state that they make a good
living from day trading on this forum. There have been many implied
statements but only 2 have laid it out plainly. Secondary (or primary other)
incomes blur the picture for many traders because you can't be certain of
the actual trading success.

Also I suspect that most day traders go into it underfunded. They get a tax
refund and decide to become a day trader with a few thousand dollars. There
must be millions of these 'temporary" traders so all in all the number may
not be too far off. Now of those traders that a well funded, seriously
prepare to trade, have emotional stability, can execute well, and lastly
educate themselves on how to proceed the percent is probably much better in
a group like that.

I think that most traders that have even the best trading plan or system
lose it in the mechanics. I hesitate to say trade management because that
means almost nothing but how you actually put on the trade and exit it makes
a world of difference.


Brent

-----Original Message-----
From: T-Bondtrader <t-bondtrader@xxxxxxxxxxxxx>
To: RealTraders Discussion <realtraders@xxxxxxxxxxxx>
Date: Sunday, July 18, 1999 3:18 AM
Subject: Re: FUT: Stats on Day Traders


>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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