Day-Traders Lose Big--by Paul B Farrell, JD, PhD

[cubicrey]

Hi All,

 

FYI,

 

 

Day-Traders Lose Big, Still Live in Denial: 77% of American Traders are “Losers” While 82% of Day-Traders in Taiwan-China Are Bigger “Losers”.

 

Behavioral finance researchers have studied the performance of stock market traders in both America and Asia. Interestingly, they discovered that traders in both countries under-perform the world’s broad markets by significant amounts. One study analyzed 66,400 accounts at a major Wall Street firm over a seven-year period. Another studied all the active traders on the Taiwan, China exchange.

 

Read the full article:

 

source

http://wallstreetwarzone.com/the-more-you-trade-the-less-you-earn/

[⭐ Gambler67]

Thanks cubicrey,

 

I think then I had better go back into employment.

[hermanhess]

This is true even Larry Williams has said even he doesn't have the necessary skills for daytrading and as per his information the biggest losers in the trading world are daytraders and optionstraders.

 

Ed Seykota said in one of the traders tribe sessions he is yet to meet a successful daytrader

Edited October 21, 2010 by hermanhess

[superdata77]

This is true even Larry Williams has said even he doesn't have the necessary skills for daytrading and as per his information the biggest losers in the trading world are daytraders and optionstraders.

 

Ed Seykota said in one of the traders tribe sessions he is yet to meet a successful daytrader

 

Please avoid day trading! it will make our fx brokers rich instead of us

[igumzfx]

This is very correct

The best way to trade is to follow the trend

Using daily to monthly time frames.

Some position can last for days, weeks, Months

Just try and study the Turtle traders

[dudeE]

It's a really sad truth that most traders know all too well. But keep in mind that majority of those people who lose money are the same kind of people who just blindly make accounts with brokers and start trading without any knowledge or idea how the money works. Most of them were lured in by all the hype surrounding the forex trade. Try not to be one of these people. :P