Quote:
Originally Posted by NemesisX
80% of people that day trade with $200k will turn $200k into $120k or $90k or $150k.
19.999% will turn $200k into $50k or $205k or $213k.
.0001% will turn $200k into $30M.
The probability of losing money overall day trading goes up the longer you engage in day trading. Makes sense.
Edit: Numbers were pulled out of my ass but the principle is true.
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Day trading for sure has a much higher learning curve than someone investing and holding a stock long term.
However, I do know a lot of people that are passionate about day trading. They blew up their account a few times and eventually, they got a strategy that works and does it full time successfully.