Almost all traders are aware of the widely publicized statistic that “95% of traders lose money.” When you drill deeper, research implies that this number is likely higher. The profession chews up and spits out aspiring traders at an astounding rate.
So why are so many intelligent people drawn to a profession with incredibly high odds of failure?
80% of all day traders quit within the first two years;Among all day traders, nearly 40% day trade for only one month;Within three years, only 13% continue to day trade. After five years, only 7% remain;The average individual investor underperforms a market index by 1.5% per year;Active traders underperform by 6.5% annually;Traders with up to a 10 years negative track record continue to trade. Continue Reading on Coin Telegraph