Jump to content

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


Recommended Posts

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

All that is necessary for evil to triumph is for good men/women to do nothing. Sharing is caring
Link to comment
Share on other sites

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 by hermanhess
Link to comment
Share on other sites

  • 2 weeks later...
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

Link to comment
Share on other sites

  • 2 years later...
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
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...