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originally posted in:TFS The Floods Sanctuary
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4/19/2013 3:54:21 PM
7
7/10 day traders lose money
Multiple sources on these statistics, but I was wondering why is there such a big failure rate in day trading. I been doing a lot of research on it, but I don't see why it can be as risky as investing, because you can keep your positions even if they go down and wait it out, except for futures and such.
I still want to day trade, but I know going to a training program is just a scam so I figure I will learn by myself and from my work experience.
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4 RepliesI wouldn't waste my time with that Kiki. You'd be better off getting a good understanding of risk and diversification, and managing a portfolio. Your wins and losses tend to be more even, and spread over time, and in the end, if you have a good diverse portfolio, you end up with more money. Day trading is for the coke-heads who like to feel the adrenaline rush of the trade. Your odds are better learning the rules of blackjack and moving to Las Vegas (protip: if you play strictly by the right set of rules, you can have a 51% advantage over the house)
