97% of day traders lose money

[Abu-Naim]

What the article is just saying is that trading risk is the same as gambling risk if only 3% of traders are making money while 97% of are losing.

Can this be true?

Yes, it can be true. I have some trading experts in my favorite list, they hardly post PNLs these days because the market is not favorable to them this time and they hardly share signals more often than they use to because the market is not stable, and even the signals they share is not going as they wanted just that it do give profits after some times.

There is a very high risk in trading that is similar to that of gambling because future trading is very risky, and one can easily get liquidated unlike spot trading when you can become a holder till the market becomes stable or till you are in profit. The same way you lose in gambling when you make wrong predictions is the same as way you lose in trading.

[tygeade]

This is either a full wrong statistic, or the articles rest is telling some other story that we are not capable of reading. Because I am 100% sure that 97% do not lose money on trading. Sure "majority" is losing money is true, if we compare people year to year results then I would say majority of people lose money, which means anything more than 50% and that means we can have an understanding that if you do what you should, then you will be better than most.

But the number 97 is too much. Which tells me, either rest of the article talks about a certain niche situation that is not the most people or there is a lie in that article that was written to make it get some clicks which is working as we can see here.

[Alphakilo]

What the article is just saying is that trading risk is the same as gambling risk if only 3% of traders are making money while 97% of are losing.

Can this be true?

Trading is supposed to demand some level of professional skills and discipline that newbies must learn to build patiently, otherwise, it would not be distinguished from gambling persay.
A good trader should master risk management practices properly and understand how to interpret market analysis to excel in trading activities, along with other good knowledge on how to use tools and this is what separates the best traders from those who think trading is more like gambling to them.

[Zaguru12]

What the article is just saying is that trading risk is the same as gambling risk if only 3% of traders are making money while 97% of are losing.

Can this be true?

I would have created a poll about this but I know many people on this forum are lying. Some do not even know how to trade but they will speak good of trading like it is a business that someone can make money from.

Although the percentage might look exaggerated to some but I personally think it’s within that region of 90-97% losers. When people see stats like this they actually think it’s creating FUD and a little bit exaggerated but I can tell you that even on this forum only a 2 out of 10 can be considered a successful trader. Been profitable trader isn’t about getting profit in one trade and losing three other more or win getting profit in two or three trades and losing them all in a single trade.

Trading is actually way beyond drawing lines on chart and that’s why if you pull up a pool here you will get opposite data because that’s what many think until they get into the real act. It is like building a Machine, it looks easy on a paper

[tvplus006]

...What the article is just saying is that trading risk is the same as gambling risk if only 3% of traders are making money while 97% of are losing. ..

I often find this statement that trading is essentially a gambling game, and at the same time the authors forget about the main difference: trading requires skills, and gambling requires luck. It is precisely for this reason that many people, trying to make money without having the appropriate skills and experience for this, turn trading into a casino, hoping that they will definitely be lucky.

[batang_bitcoin]

I think that if it's in general, with the numbers validated or not from that author and from the others who had done the same research. It all ends up with one fact, and that is most of the day traders are losing money. And we as individual can prove that simply holding is profitable compared to being so active in the market by doing day trading. We know that reality and if it's just basing our experiences, we'd approve of that and we know that it's near to the reality that the majority of them are losing money instead of making.

[hostm]

My position I mentioned in this thread was closed by a stop-loss. I think 70,000 has now become support instead of resistance, but it's too early to talk about that.

Whoever is the first to identify the boundaries of the current trading range will be able to make a profit. I usually analyze on the 15-minute timeframe first and then consider higher timeframes.

I'm currently following five traders. They all have different strategies and use different indicators, but what sets them apart is that they win more often than they lose. Therefore, trading experience is also quite important, in addition to everything else.

[Obulis]

The similarities are just so clear that the difference seems to just be the choice of words.
Let's look at both:
...100% uncertainties
... Basically prediction and assumption
... Hjgh risk and quick gains venture
... Can cause addiction

Just like the heading "97% of day traders lose money" so it is with gambling, don't forget it mustn't be perfect the same but they indeed share excellent similarities.

[shinratensei_]

The article is outlining a webinar and tries to debunk it and while I believe that majority of traders are losing, I don't think the number is that high otherwise market will be empty because everyone is losing money to small amount of traders.
Maybe it's about 70% of people are losing, the odd is closer to pure speculation like in any others.