Data suggesting more than 95% traders are losing

[qwertyup23]

I think I also read a similar article where 97% of the day traders lose money on the first year of trading; and those who profited earned at least an amount similar to that of a bank teller.

The problem with day-trading are the risks associated with the cryptocurrency themselves. Unlike in stocks trading, the price of cryptocurrencies are VERY volatile. The changes on its value are so significant that there maybe times where the increase/decrease are above 10% on a single day. Be reminded also that most day traders, in order to gain profit, trade in large amounts.

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[milewilda]

I think I also read a similar article where 97% of the day traders lose money on the first year of trading; and those who profited earned at least an amount similar to that of a bank teller.

The problem with day-trading are the risks associated with the cryptocurrency themselves. Unlike in stocks trading, the price of cryptocurrencies are VERY volatile. The changes on its value are so significant that there maybe times where the increase/decrease are above 10% on a single day. Be reminded also that most day traders, in order to gain profit, trade in large amounts.

Comparing out stocks/forex with crypto then you can really tell the difference but to know that most scalpers or day active traders are much more preferring on playing with active
price movements rather than on those barely moving stocks or currencies? This market wont really make this big if interest isnt really on here. Losing is part of the journey
when you do make up some trades because this market composed of sellers and buyers which losing would really be inevitable and i dont believe much about
percentages to be precise because we dont know on whats actually happening behind in overall trading activity circling or happening globally.

[jerry0]

Is this on crypto or all types of trading including stock?  I thought i read it was more like 80 percent of traders lose... but this was on the Ramsay show.

[Zilon]

Making profit from trading Lies on different factors. First account size plays a key role because Bitcoin has high volatility and with this it is most likely that smaller account size will get blown easily with the high spike. This means rubbing the poor to pay the rich. It would be preferable you learn the analysis as a small account owner to rather hodl your coin. More opportunities would come in the future where you would likely trade them then your account size would stand the waves of the market to avoid been kicked out

[South Park]

I think I also read a similar article where 97% of the day traders lose money on the first year of trading; and those who profited earned at least an amount similar to that of a bank teller.

The problem with day-trading are the risks associated with the cryptocurrency themselves. Unlike in stocks trading, the price of cryptocurrencies are VERY volatile. The changes on its value are so significant that there maybe times where the increase/decrease are above 10% on a single day. Be reminded also that most day traders, in order to gain profit, trade in large amounts.

I don't think the volatility of this market has anything to do with it, it is a widely known fact that the majority of newbie traders not only lose money but they lose everything after just one year of trading, that is just the way it works, this is why people in the forum often recommend that you hold your bitcoin, because we know that the chances that someone makes it while trading are simply too low, but newbies do not want to listen, they do not want to take the long path and wait for years or even decades before they can make a fortune, they want to make it now and that is what day trading promises and they only discover too late that they had no chance at all to make money by trading.