Why do 90% of people who attempt daytrading the ES lose or quit after 6 months? someone told me at least 90% of daytrading accounts close after 6 months after blowing out. those are the stats from the broker are those stats true. The broker has the stats. but I cannot confirm the stats 90% are losers? and the ones who do make money quit after a while...so you will find very few hard core daytraders or traders who've been trading or daytrading for more than 5 years year over year day after day and making 6 figure money every year.. full-time means trading is all they do and no other activities. market participants who have other sidebusiness or full time jobs who trade part time are not 'professionals' my guess is 90% of market participants don't know what they are doing meaning no trading plan...and no training no edge etc. or just amateurs. why do post this thread.. a good trader like a gambler knows his odds of winning. David Sokol said that there was only 5% chance that Berkshire would make buyout offer. so newbies have only 5% of making money based on 'estimated' brokerage statistics. note: stats aer hearsay,,,not confirmed by brokerages or wall street firms. don't be another statistic. another there a are lies and there are damn statistics.