Replies to post #196914 on DD Support Board and Research Team

[bar1080]

"I'm lucky if I'm right half the time."

50% right would be excellent. University studies suggest stock pickers are right about 48.5% of the time, which explains why almost all day traders eventually fail. All those flips combine with devastating results.

48.5% doesn't fully explain the plight of the day trader since there's also trading friction, spreads and taxes in most cases.