DD Support Board and Research Team

[bar1080]

So why don't you delete that nonsense from your signature line. Or replace it with a post like this:

"If You're Day Trading, You Will Probably Lose Money: Here's Why"

"Day trading has become a popular hobby in the past year as investors around the world were faced with economic shutdowns and social distancing measures.

But while day trading may seem like a fun way to make some supplemental income or even a potential way to earn a living, studies suggest the average day trader tends to do more harm than good to their investment portfolio.

The Numbers: In a recent blog post, A Wealth of Common Sense's Ben Carlson highlighted several large studies that paint a very bleak picture of day trading as a whole:

"*One study of Brazilian futures traders found 97% of day traders lost money over a period of 300 days.

* Another study of day traders in Taiwan between 1995 and 2006 found only 5% of day traders to be profitable.

* A study by the U.S. Securities and Exchange Commission of forex traders found 70% of traders lose money every quarter on average, and traders typically lose 100% of their money within 12 months.

* A study of eToro day traders found nearly 80% of them had lost money over a 12-month period, and the median loss was 36%." [more...]

https://markets.businessinsider.com/news/stocks/if-you-re-day-trading-you-will-probably-lose-money-here-s-why-1030667770