5 Things Losing Traders Don’t Do That Costs Them Money
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There is a lot of value that can be obtained if we understand why there are so many losing traders. And, without question, the number of losing traders overwhelms that of those who are succeeding.

In 2010, University of California, Berkeley released a report titled “Do Day Traders Rationally Learn About Their Ability?”. The report was centered around the idea to “test the proposition that individual investors rationally speculate as day traders in order to learn whether they possess the superior trading ability”.

Obviously by doing this type of research they end up finding the chances of success for most people who take up trading and can answer the question of “do day traders make money?”

This is some of the information that was discovered:

The majority of day traders quit relatively quickly (80% of all day traders quit within two years)
Investors irrationally attribute success disproportionately to their ability rather than luck
Many day traders are remarkably persistent in their day trading activity despite a history of losses
With those three points we can see the most people who take up trading quit, they think they are skillful instead of lucky yet have a history of losing.

You can also take the word of many trading brokers who report that losing traders make up the bulk of their clients…..statistics report about 95%. I think we can say, with a high degree of accuracy most traders lose money over time.

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