You are mixing up investing with trading. The House buying example you give would be the equivalent to holding SPY or QQQ or BTC for the long term. Like over decade+ time periods. We are trading, in trading we are looking for favourable risk to reward ratios, 2:1, 5:1 etc And we are looking to find dozens or even 100s of those in a year. When buying a house you put down a 20% deposit. The house value doubles over a decade, a 100% return. Your risk to reward ratio on the house trade/investment was 5:1. But it was a trade over 10 years. We are looking do that in one day..
Yeah but none of you can lol. They just did a study and out of the 8% of day traders who don't lose money less than 1% of them outperform just holding the S&P.
You have not seen our trading records. So how can you say that? You are just trolling at this point. Which is disrespectful to do on someone's journal thread. Why don't you start a new thread in the general trading section of ET, where you can bash day trading and call us pussies and losers to your heart's content...
Stats say it's practically impossible to beat just holding the S&P 500 day trading...look at the video. Sorry to rain on your parade.
Let's run with your stats. If only 1% beat the market daytrading, and 10,000,000 around the world (not just US) have ever tried daytrading at least once in their life, then 100,000 traders around the world beat the market daytrading. 100,000 is the size of a small town.
1% is no where near to practically impossible. You never been in the top 1% of anything in your life? It's hard but not impossible. Most of the time it requires some natural talent + putting in more work than 99% of your competition. I tell people about trading and they sound excited and say they want to try it as well, then I tell them how much hard work is required to learn how to do it properly they quickly lose interest.