Here's real verifiable proof 90% lose

People like livermore use leverage. Buffet never did, and never blew up.

 

Actually, it is way better than that. Let's do a little accounting. These are 5 pages showing out of 103. Let's assume the sample is representative of all accounts.

I went through the 1st page here, and after subtructing lots of dormant accounts or accounts probably traded only once, I counted 17 losers and 9 winners.

That is 2 to 1 losers:winners ratio, way better than the usually quoted 90% losers ratio....

2nd page: 8 winners, 38 losers...
3rd page : 7 winners, 34 losers
4th page: 15 winners, 30 losers
5th page: 6 winners, 36 losers

Summary: 45 winners, 151 losers, that is again, close to 1 to 2 winners : losers ratio, not so bad!!!

So I request the mods to change the title:

Conclusive proof that 1 out of 3 traders make money!

 

I knew I should have had my coffee before I do the summary. Slight correction, the number of losers is 155...

That is of course 1 to 3 winners:losers ratio, still way better than the usual quoted 90% losers... One out of 4 traders is profitable....

So the title should read:

Proof that about 25% of traders make money

 

But you need to consider that some of these 'winners' could make the same money flipping burgers

 

Tuco Trading was convicted by the sec for running a unlicensed brokerage.

http://www.sec.gov/litigation/complaints/2008/comp20480.pdf



ALL of Tuco's accounts are UNREGULATED. Unregulated accounts activities are:


-money laundering,
-insider trading,
-market manipulation,
-account intrusions,
-information security,
-unregistered broker-dealer activity, and
-excessive leverage

There is a big differences between Unregulated accounts vs Regulated accounts.


Of course, unregulated accounts showed 25% makes money illegal. Because SEC banned Tuco Trading, the account statement on the first page is not LEGIT.



More than 90% of small traders lose. They just lose!!

 

Buffet never borrowed money from banks?

 

Read more of Jesse and Buffet here:
http://www.marketthoughts.com/jesse_livermore.html
This line speaks a lot; "Livermore also lost his entire fortune on more than one occasion, when he ignored his trading rules." (http://www.jesse-livermore.com/)

 

So, it does seem to show that greed gets the better of one's logic?

 

Lack of higher education is the sole reason why MORE than 90% of small traders lose. They just lose!!!

 

Higher education? Nah, that's not why...keep trying.