quote : IG Group disclosed on its website that 72% of its retail clients are currently losing money. _______________________________________ I don't trust those data. You have to dig deeper and determine how they define 'losing money'. Who knows, if you earn 1 cent in a month, it is considered PROFITABLE. The percent losing money ought to be significantly much higher.
The most knowledgeable options traders around @poopy @taowave are on Elite trader. Most of us on here are obsessed with the market ... Look how bonkers this place goes on weekends because we don't know what to do with ourselves. The average trader is clueless.... But some of my biggest profits came from being clueless.
I think you got to throw @johnarb into the mix with his MSTR play. Hey I just got his name John arb as in arbitrage.
The overwhelming majority of market participants aren't outperforming a buy and hold SPY strategy over a longer period of time, not even the majority of seasoned professionals.
There are a few professionals on here but I don't know if that's enough to skew the results of the entire ET population. There are certainly plenty of examples of the opposite... W.r.t. to thread title: You will probably make money if you're long e.g. index ETFs and don't transact very frequently, but that's a low bar to clear.
i think on et you have a bunch of semi-well offs who are mostly investors with lazy aspirations to be semi-traders.
Good Morning deaddog, I totally 1000% disagree with you on this statement. Thinking about beating the index will make me poor and is distraction. Forget the index. Only peasants and poor traders thinking about beating the index.
quote : I think the poll will be pretty accurate because there will not be an incentive to lie for two reasons _________________________________________ 89% of ET members said they are earning $$$$$$. @ flipping coin, do you believe it? Is your survey a good survey?