I just bumped into this video on YT about day trading and the numbers presented are quite depressing. Love to hear your opinion on this.
Trading is hard but not impossible , the old saying 90 90 90 which is 90% of traders will lose 90% of their money in 90 days is now a little out dated as brokers now show their win rates with an example 76% fail on IG. However if you dig a little deeper the high rate includes all the wannabes who without any training jump in with no knowledge lose and give up.
Trading is a job , if you set up a cafe with no training & cannot cook will fail very quickly , trading no different need to be changing the attitude as not easy money, however many just jump in without any real idea what they are doing.
hahah, nice video. Be careful if you think you can make money day trading.
Sad but true. And the percentages are true also. Brokers now show their client’s win rates but this is a snapshot. There can be periods (week, month) when 50% of the clients are winning but in the next 12 months, everything is lost.
I think this topic has to be pinned by moderators so everyone can see what they are getting into
Adapt. Don’t try to prove those stats wrong but rather go where you have higher chances of success. If day trading is that tough try to modify your trading and increasing your holding period