It's known that 95% of all traders lose 50% of their money within the first 6 months of trading. Or was it 50% of all traders that lose 95% of their money? Does anyone know the source of this ominous 95% statement? Is it based on some statistics by a broker, or is it just a urban myth? I'd like to mention the 95% in an introductory tutorial, but will probably be asked where I got this number from.