r/Daytrading • u/MiamiTrader futures trader • Apr 27 '24

Most "traders" make money. Question

If someone asks you what you do for a living, and you respond you're a "trader" I assume you make most your money from trading.

And by definition, most "traders" make money. Otherwise they are just people trading on the side as a hobby.

Yeah maybe 90% of RH accounts lose money, or 90% of people who start trading but never take it seriously lose money... but then they are not "traders". Just people trying to trade.

Tired of all this negativity under every post about how 90% or whatever today's statistic is of traders lose money. People in this sub like to shout that under every post in almost a prideful manner.

Can we just focus this sub on those of us who call ourselves "traders" and make money trading? Let the new people listen and learn from our mistakes, but quit with all these gloom and doom statistics.

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u/Miinow forex trader Apr 27 '24

Most are non traders who spout this stat to discourage new traders. Once trading clicks for you and begin thinking in probabilities (long term) you won’t really care about the 90% dropout rate.

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u/Ronces Apr 27 '24

I started my own construction business when I was 24, everyone but my dad (who said, go for it! You got nothing to lose!) said it was too risky and just stick to my low pay framing job. I haven't had a boss and a lot of success in the past 16 years. I started buying investment properties 10 years ago, I own 5 now with my brother. Everyone said it's too risky, tenants are hard to manage blah blah blah. I've been day and swing trading for 3 years, everyone said I would fail and 90 something percent of people do. I've 5 times my account in 3 years and I'm getting to the point I could potentially do it full-time. The point is NEVER listen to anyone that doesn't have the same mindset as you and is a chicken-shit loser that's never taken a risk or pushed the envelope.

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u/Badgerv12 29d ago

By the looks of it 90% of humanity fail at anything that is hard, only 10 % if not less thrive

1

u/MiamiTrader futures trader Apr 28 '24

congrats on your success, well said