97% of day traders lose money

[free-bit.co.in]

Yea, that's true, the person can either stop and then go learn more of how to become profitable, they can learn proper risk management or learn a good strategy if that's what's making them unprofitable. So many traders have the reason for their unprofitable trading career, some people lacks risk management, some lacks the psychology to bear losses, so they chase losses until their account is zero, and many other problems that causes them to lose, they should work on fixing those challenges first before going back to trading.

They should pause to reflect, correct shortcoming, or find a better trading strategy...If they still want to trade, they should fix those problems first. But there is nothing wrong if they decide to stop and stay away from trading completely. Because once you realize it is really not right for you, stopping is perfectly reasonable. The more stubbornly you pursue something that is not right for you, the more money, time and the more disappointment you will face.

[hafiztalha]

Yea, that's true, the person can either stop and then go learn more of how to become profitable, they can learn proper risk management or learn a good strategy if that's what's making them unprofitable. So many traders have the reason for their unprofitable trading career, some people lacks risk management, some lacks the psychology to bear losses, so they chase losses until their account is zero, and many other problems that causes them to lose, they should work on fixing those challenges first before going back to trading.

They should pause to reflect, correct shortcoming, or find a better trading strategy...If they still want to trade, they should fix those problems first. But there is nothing wrong if they decide to stop and stay away from trading completely. Because once you realize it is really not right for you, stopping is perfectly reasonable. The more stubbornly you pursue something that is not right for you, the more money, time and the more disappointment you will face.

Day traders could be in high profit if they are good learners because learning is essential for everyone to be successful in trading. Many  day traders are learning from different platforms and they invested their money on books and that is reason they are successful to be an entrepreneur and they are Investing their money on different businesses. Many people are losing their money as they are at risk as they have no idea who to start any trade and they have zero knowledge but they have courage to lose their money and that is reason they are losing their money day by day which is weak point for these people. You can invest your mom with low risk which is better option for you at that time.

[Pressurizedem]

The statistic is really poor if it is 97 percent of traders who lose money. This is to say trading is highly risky.
However, I can't really say anything on this because I have seen some couple of my friends making out good and reasonable amounts when they trade, or is there anything they aren't telling me? Maybe they have refused to disclose the time that they lose money.

I cannot totally believe this because there are some persons who won't just stop trading, and if this statistic of yours is true, almost everyone would have stopped by now. But people are still so much engaged in trading, so I don't totally agree with this assertion and conclusion.

[Jaweria parveen]

Day traders could be in high profit if they are good learners because learning is essential for everyone to be successful in trading. Many  day traders are learning from different platforms and they invested their money on books and that is reason they are successful to be an entrepreneur and they are Investing their money on different businesses. Many people are losing their money as they are at risk as they have no idea who to start any trade and they have zero knowledge but they have courage to lose their money and that is reason they are losing their money day by day which is weak point for these people. You can invest your mom with low risk which is better option for you at that time.

At this time, there is more business system, so there is more trading during the day and the market is also seen more often during the day, so the status of a day trader is higher if he has enough experience in it. In any business or trade, we have to tolerate some mistakes so that we do not lose in the middle of the business or trade and it does not cause much loss to our money. As some new traders do, they go into the market with some money and because they do not know much, they invest money in the wrong way and the market loses them and they come out disappointed. I think we should take the real method instead of books because what we have to learn and get is more experienced and what we have to get by reading is more analyzed. That is why they come with only a few money and time and take losses in it with their ideas. For this, they should have some knowledge and experience, besides that they will only waste money.

[Wind_FURY]

The statistic is really poor if it is 97 percent of traders who lose money. This is to say trading is highly risky.
However, I can't really say anything on this because I have seen some couple of my friends making out good and reasonable amounts when they trade, or is there anything they aren't telling me? Maybe they have refused to disclose the time that they lose money.

I cannot totally believe this because there are some persons who won't just stop trading, and if this statistic of yours is true, almost everyone would have stopped by now. But people are still so much engaged in trading, so I don't totally agree with this assertion and conclusion.

How long have your "friends" been trading? So they have a sample size of ten years to show that they are consistently making profit every year in those years or most of those years?

We plebs believe that a year or a cycle of good profit in "trading" makes that pleb a "profitable trader".

  ¯\_(ツ)_/¯

[TheUltraElite]

I cannot totally believe this because there are some persons who won't just stop trading, and if this statistic of yours is true, almost everyone would have stopped by now. But people are still so much engaged in trading, so I don't totally agree with this assertion and conclusion.

Most people lose money in trading this is a fact that you have to accept. If you are following some people who you know who started trading you will see a similar pattern. The ones who manage to stay afloat for long duration are very careful about running long term positions and following certain rules. Still then they are also losing from time to time and they are rare to find.

In short, if you make money, exit. But you should be safe with buying at lows and selling at highs if you execute it properly.

[Judith87403]

How long have your "friends" been trading? So they have a sample size of ten years to show that they are consistently making profit every year in those years or most of those years?

We plebs believe that a year or a cycle of good profit in "trading" makes that pleb a "profitable trader".

That makes a lot of sense.
The fact that a trader suddenly makes some good profits within a particular timeframe doesn’t necessarily mean they’ve suddenly become experts and can boldly boast about being a profitable trader. How about the coming years or cycles? The market changes all the time, and there’s every possibility that the market can change the second you start being comfortable and boom you start losing, and will need to change your strategy and approach before you can start making some profits again.

[Wind_FURY]

How long have your "friends" been trading? So they have a sample size of ten years to show that they are consistently making profit every year in those years or most of those years?

We plebs believe that a year or a cycle of good profit in "trading" makes that pleb a "profitable trader".

That makes a lot of sense.

The fact that a trader suddenly makes some good profits within a particular timeframe doesn’t necessarily mean they’ve suddenly become experts and can boldly boast about being a profitable trader. How about the coming years or cycles? The market changes all the time, and there’s every possibility that the market can change the second you start being comfortable and boom you start losing, and will need to change your strategy and approach before you can start making some profits again.

Plus it's easy to make a post, and claim that his/her "friend" is a "profitable trader".

 ¯\_(ツ)_/¯

We probably should call out the crap people say in BitcoinTalk, no? I believe people in BitcoinTalk generally avoid it to avoid confrontations from other people, and maybe to avoid being seen as a "nasty person" because it would lower their chances to be accepted in a signature campaign.

[Woodie]

Numbers could be off because 97% is crazy high  this is like saying everyone that trades is pretty much just a loser , but comeon let's be factual here we have people out there that are  making bank and could probably not be part of this data being used.. When 97% is drawn up what sample size were the looking at ??

Anyway I understand were you going with this, trading isn't so much different from gambling hence the high stats..

[DanWalker]

Numbers could be off because 97% is crazy high  this is like saying everyone that trades is pretty much just a loser , but comeon let's be factual here we have people out there that are  making bank and could probably not be part of this data being used.. When 97% is drawn up what sample size were the looking at ??

In reality, I think all traders are losers. Because throughout my time in the market, I have never seen anyone make a profit and become rich through trading. Most stories about traders making money are just rumors and word of mouth.

Like you, have you ever witnessed a trader making a profit, or are you just making prediction or hearing about it from others?

Anyway I understand were you going with this, trading isn't so much different from gambling hence the high stats..

Have you ever seen anyone who has been able to earn a stable income from gambling, or become rich because of it? And if trading is not much different from gambling, then the fact that 97% of trader lose money isnt really surprising.

[Woodie]

Numbers could be off because 97% is crazy high  this is like saying everyone that trades is pretty much just a loser , but comeon let's be factual here we have people out there that are  making bank and could probably not be part of this data being used.. When 97% is drawn up what sample size were the looking at ??

In reality, I think all traders are losers. Because throughout my time in the market, I have never seen anyone make a profit and become rich through trading. Most stories about traders making money are just rumors and word of mouth.

Like you, have you ever witnessed a trader making a profit, or are you just making prediction or hearing about it from others?

Trading is very real, if it was something to run away from it wouldn't have been around this long as everyone would have red flagged it!!

If you want to see traders making it big go to Dubai and see the luxurious lifestyles trading has provided the profitable traders, and if not satisfied with what you find go to America and see people are cashing in..

Otherwise the industry is not for gamblers if you want to survive it, but making profits is real and not a rumour!!

[Johnlomape]

Yea, that's true, the person can either stop and then go learn more of how to become profitable, they can learn proper risk management or learn a good strategy if that's what's making them unprofitable. So many traders have the reason for their unprofitable trading career, some people lacks risk management, some lacks the psychology to bear losses, so they chase losses until their account is zero, and many other problems that causes them to lose, they should work on fixing those challenges first before going back to trading.

They should pause to reflect, correct shortcoming, or find a better trading strategy...If they still want to trade, they should fix those problems first. But there is nothing wrong if they decide to stop and stay away from trading completely. Because once you realize it is really not right for you, stopping is perfectly reasonable. The more stubbornly you pursue something that is not right for you, the more money, time and the more disappointment you will face.

Trading is not really easy and some traders are very smart at what they do. There are different kind of traders in the market and if you want to make money from trading, there are somethings you need to do especially fixing the fundamental aspect of trading because that is what has been helping most traders to become profitable without relenting on only technical aspects.
Learning should be continuous and traders that want to make money from trading should always make sure they learn and update their skills.

[DanWalker]

Trading is very real, if it was something to run away from it wouldn't have been around this long as everyone would have red flagged it!!

If you want to see traders making it big go to Dubai and see the luxurious lifestyles trading has provided the profitable traders, and if not satisfied with what you find go to America and see people are cashing in..

Otherwise the industry is not for gamblers if you want to survive it, but making profits is real and not a rumour!!

So does that mean you have actually seen or met traders who actually made a profit from trading?

Furthermore, my question is about individual, retail trader, I am not referring to institutions, hedge fund, or proprietary trading firms.
The survey provided by OP was also conducted among retail trader, not institutions or large fund.

I dont know if anyone has made a profit from trading yet, but honestly, I'm still looking for them.

[Inwestour]

Numbers could be off because 97% is crazy high  this is like saying everyone that trades is pretty much just a loser , but comeon let's be factual here we have people out there that are  making bank and could probably not be part of this data being used.. When 97% is drawn up what sample size were the looking at ??

Anyway I understand were you going with this, trading isn't so much different from gambling hence the high stats..

I think this statistic is quite accurate, for example, you could run a survey among traders to see how many day traders are actually profitable. From the topics I’ve seen here and the discussions on the forum, it seems that most traders eventually decide to move away from day trading to medium-term or even long-term trading. And I think the reason is obvious, if day trading were truly profitable, no one would want to leave it.

[Woodie]

Trading is very real, if it was something to run away from it wouldn't have been around this long as everyone would have red flagged it!!

If you want to see traders making it big go to Dubai and see the luxurious lifestyles trading has provided the profitable traders, and if not satisfied with what you find go to America and see people are cashing in..

Otherwise the industry is not for gamblers if you want to survive it, but making profits is real and not a rumour!!

So does that mean you have actually seen or met traders who actually made a profit from trading?

Plenty of them, not the kind that sells courses to make free money 🤑

Numbers could be off because 97% is crazy high  this is like saying everyone that trades is pretty much just a loser , but comeon let's be factual here we have people out there that are  making bank and could probably not be part of this data being used.. When 97% is drawn up what sample size were the looking at ??

Anyway I understand were you going with this, trading isn't so much different from gambling hence the high stats..

I think this statistic is quite accurate, for example, you could run a survey among traders to see how many day traders are actually profitable. From the topics I’ve seen here and the discussions on the forum, it seems that most traders eventually decide to move away from day trading to medium-term or even long-term trading. And I think the reason is obvious, if day trading were truly profitable, no one would want to leave it.

The Bitcointalk forum is not the best place to run such a survey because most here aren't trader's, and to start with ask how they joined the forum then connect the dots that few are actual traders! !

Btw, like I said earlier on people jump into trading without gaining the right guidance.. just because YouTube and other platforms are available for trading education, unfortunately not everyone picks it up the first time.

But in all fairness, I know numbers of successful traders are low but surely tell me you know a few people out there that trade.. btw people have turned to trading for passive income, so ask that doctor, or engineer friend that is doing well and ask if they have heard of trading maybe this will unfold well.

[Johnlomape]

Numbers could be off because 97% is crazy high  this is like saying everyone that trades is pretty much just a loser , but comeon let's be factual here we have people out there that are  making bank and could probably not be part of this data being used.. When 97% is drawn up what sample size were the looking at ??

Anyway I understand were you going with this, trading isn't so much different from gambling hence the high stats..

I think this statistic is quite accurate, for example, you could run a survey among traders to see how many day traders are actually profitable. From the topics I’ve seen here and the discussions on the forum, it seems that most traders eventually decide to move away from day trading to medium-term or even long-term trading. And I think the reason is obvious, if day trading were truly profitable, no one would want to leave it.

There are lots of surveys on this and you can find them online but I don't know if it's gonna be accurate because knowing if traders are profitable should not be based on only one region. There are regions that have more experts traders that are doing well for themselves and it will be inaccurate for you to conclude that this is the rate at which traders are losing money to the market without using surveys from different locations. This kind surveys will be expensive if op want to know the percentage of traders that are losing money to trading in different regions of the world.

[Su-asa]

I don't know if the statistics was done correctly but it is true that a lot of traders lose more than those making profits, this is something that most people won't agree with because what's portrayed online is actually different From what actually goes in real life. On social media most people claim to be successful traders all because they want people to buy their courses that they have, it is all a marketing strategy. There are traders that are actually profitable but it is only a small percentage and these traders have more advantage because they invest huge amounts.

[Iranus]

There are lots of surveys on this and you can find them online but I don't know if it's gonna be accurate because knowing if traders are profitable should not be based on only one region. There are regions that have more experts traders that are doing well for themselves and it will be inaccurate for you to conclude that this is the rate at which traders are losing money to the market without using surveys from different locations. This kind surveys will be expensive if op want to know the percentage of traders that are losing money to trading in different regions of the world.

I agree with you that we cannot assess the profitability of all traders based solely on data from a single region. However, as you mentioned, there are many surveys on this issue, and if you pay attention, you will see that. Most of the results were very similar, which suggest that the majority of traders were primarily losing money.

Have you seen any surveys showing that many traders are making profit? Therefore, the statistics and the 97% figure are not entirely accurate, but they are probably not too far from reality either.

[Makus]

The fact remains that a lot of day traders lose money in the market because they tend to overtrade, there is nothing wrong in day trading as long as you are doing it correctly and not overtrading. Day traders always chase profits and that's actually a problem, you cannot always expect the market to go in the same direction everyday. Another reason why I think day traders lose is because they don't give themselves periods to recover mentally or rest after making profits or incurring losses, and doing this consistently isn't right.

[LastKiss]

The fact remains that a lot of day traders lose money in the market because they tend to overtrade, there is nothing wrong in day trading as long as you are doing it correctly and not overtrading. Day traders always chase profits and that's actually a problem, you cannot always expect the market to go in the same direction everyday. Another reason why I think day traders lose is because they don't give themselves periods to recover mentally or rest after making profits or incurring losses, and doing this consistently isn't right.

Overtrade is what makes things go wrong because trader aim on only one thing which is profit. They take every setup available whether it’s good or bad setup and they will hope the market will move the way they want. So It’s no wonder many day traders lose money because they become too greedy and overconfidence with their strategy. Taking breaks is important just like you said, because not every day is a good time to trade for example weekend, when the market sometimes moves slowly and rekt traders.