Smallville Thursday, 03/08/18 06:26:19 PM Re: ChillinCharlie post# 132635 0 Post # of 149330 I'm a disbarred attorney. Give me a call in the morning. 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%.