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Re: The Whale post# 111725

Thursday, 04/20/2017 10:49:38 PM

Thursday, April 20, 2017 10:49:38 PM

Post# of 211653
Change 'shareholders' to 'flippers'.

Why do 99% of day traders lose money?

They trade on a fundamental misconception about the nature of stock prices, namely that they are somehow persistent and predictable.

In other words, they pattern trade until they lose money. 99%.