That may be true but it doesnt say 100% are losers. Some of us do make money daytrading just like some of you make money buying and holding or as you like to call it "swingtrading" but I would guess there are more losers than winners in buying and holding too. I know I havent been daytrading for almost 13 years on a daily basis because I love losing money. I am not that stupid.
And if he does make a decent profit on a consistent basis? Why are there so many who seem pathologically incapable of accepting this. What is it with you guys, come on spit it out we can help you... -------------------------------------------------------------------------- In fact if you all have so much trouble with the concept WHY THE HELL ARE YOU HERE OR EVEN INVOLVED WITH TRADING IN ANY FORM WHAT SO EVER?
You are dealing with a bunch of Larry, Curly and Mo's on this board. If they can't do it ....no one can!
Sorry if I sounded like I want to pretend here... Didn't intend to look bold. I get your point about being in denial of reality, but one good thing about trading is: you can't cheat P&L. Either you make it or you lose it consistently, no other way...
Statistics don't matter. Your own account is the only important statistic that matters. I have started several companies in my life and my statistics were always better than the average branch statistics. Many times people asked: if what you want to do would work, others would have done it before you. Many years later they realize that their statement was wrong. If personal abilities are excellent you can beat any statistic in any branch. Even in the zero sum game of daytrading. Never say: if others cannot... I cannot.... And never say: if I cannot.... others cannot too....