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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Very true. People don't buy the dip.... they chase....they don't research...and then hold bags and freak out and sell for a loss.
Maybe if they looked at a chart and discovered a pattern...they would do better.
It's hard to find good ones, but when you do it's like an ATM for a few good swings until more people find out.