90% traders don't make it???

Discussion in 'Trading' started by kalashnicac, Jul 27, 2005.

  1. your shop sounds like worldco. get out before it blows!

    at my day trading shop, out of all the newbie traders that have joined within the past 2 years, only 45% are still trading and only like 20% are regularly breaking even.
     
    #41     Jul 27, 2005
  2. nitro

    nitro

    What facts are you talking about? You claim you are on time to do 3000 RTs YM/M in another thread and you are buying videos on eBay about trading futures online?

    nitro :confused:
     
    #42     Jul 27, 2005
  3. VictorS

    VictorS

    okay, it is 2005. how many people have posted in this thread. how many were registered in 2004 and 2005. what happened to all those that registered in 2003 and before? have they all changed their handles or are they ex-traders?
     
    #43     Jul 27, 2005
  4. why do people daytrade? it's not that hard to get into a top mba program (my current path) and shoot for an IB firm, assuming one is reasonably intelligent. the idea of paying some firm so i can trade is weird to me.

    but hey what do i know . . .
     
    #44     Jul 27, 2005
  5. No. Its a video that I already watched and it has a good disscusion about the effect starting equity has on the survival rate.

    I think you should watch it. :)
     
    #45     Jul 27, 2005
  6. OK big shot. We trade because most of us have never been to college. Does your MBA program take people that didn't go to college?
     
    #46     Jul 27, 2005
  7. traderob

    traderob

    You have no idea.
     
    #47     Jul 28, 2005
  8. traderob

    traderob

    I

    t gets worse, he believes in videos from 'traders'. I bet the vendors love you.
     
    #48     Jul 28, 2005
  9. Maybe it was $ 500,000 starting equity?

    But I swear to god that it was a initial account balance of $ 50,000 to trade 1 contract.

    ......................

    Why should it matter if 90% or 900% percentage of traders fail....Doesn't it only matter whether or not if you are going to be sucessful?
     
    #49     Jul 28, 2005
  10. I find it hard to believe that most you have not been to college. Did you conduct a survey of the forum or something?
     
    #50     Jul 28, 2005