Back then everyone was daytrading/investing/swinging whatever you wants to call it...mom, pop and the nieghborhood drug dealer....much bigger pool to take money from and ur stats from....I knew less then than now and I was making money hand over fist....go figure....
Majority people lose, be it 70 or 90%, it doesn't matter. Just like in any other business. Nothing new yesterday, today and I have a "really wise" prediction, it's gonna be the same tommorrow, after tommorrow and later still.
If I remember, these numbers come from a SEC or NASD study done on daytrading firms back in 1999. It happened after Block Trading blew out a bunch of traders in Boston and the industry was scrutinized.
If I remember, it was from an SEC or NASD study done on daytrading firms back in 1999. It happened after Block Trading blew out a bunch of traders in Boston and the industry was scrutinized.