there are market makers and it seems there are also thread makers..are you one of them?? I mean this's been dealt with like milions of times..ad nauseam
%% Sounds right; maybe 90% or 80%. MUCH less % pro money managers beat spy/S&P 500 over 10 years...…………………………………………………………………………………………………………………………...
Laughs Harsh reality. No school will teach on how to make one. (except for military & other rare professions)
I wonder how many individuals who are among the 20-25% winners in any given year are able to repeat that performance and still be among the 20-25% winners the following year. It seems likely that only a small fraction of the previous year's profitable traders are in this group the next year, or in subsequent years on a consistent basis.
Oh I dunno - no data available re consistency but I'd have thought that unprofitable traders would very quickly exclude themselves from trading - if you're not making a profit you're losing money and there's a natural limit to how long that can go on. Meanwhile the profitable traders keep plodding on?
Traders lose money because they don't up the trading level. Learn to be a day trader. Go to the trading houses / hubs which can be brokers or banks. Go and rent a trading desk. It will cost about $500 or more per month. 99% of the traders in trading houses are day traders.
The 1 in 10 number maybe is inclusive of those who gutted their entire trading account and quit. I would venture to guess that Elite Trader forumers are a lot better than that. Maybe 5 in 10 or even 7 in 10. I could be wrong.
How many traders does it take to fill up a forum? Ten One that trades. Nine paper traders who tell him how he/she should trade.
Odd that nobody has actually answered this question in a post, but I suppose people are a bit shy on here I have been profitable (just) for about three months, since I stopped discretionary trading, before that slowly losing a bit of money, but not much as I am trading trivial amounts until I find a way to generate consistent gains. This is still much more realistic than paper trading, as I really don't like losing even small amounts of money. I see from the results so far that around 1/3 admit to being unprofitable (I suspect it is more) and a similar number have been profitable for more than 3 years. I suppose buy and hold is likely to have been profitable over the last ten years, but that's not really trading is it?