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Re: skyhawk66 post# 174183

Friday, 12/27/2019 4:15:58 PM

Friday, December 27, 2019 4:15:58 PM

Post# of 203937
Got my 3rd trade in today for peanuts. Made $185 and totally misplayed it again.


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%.