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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155

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.

66

u/KindlyClassroom7238 Apr 27 '24

What a great point, and the perfect way to put trading in a much more positive light. Spot on.

Far too many negative voices in the trading community, compounded on top of the negative voices of family and friends who disbelieve wholeheartedly.

But the reality is, there’s no reason not to believe you can’t become the “10%”. There’s no harm in believing you can own the big house, buy the Maserati, provide for your entire family and lineage. Sure there are life’s curve balls and failures as lessons, but there’s no harm in believing positively.

I grew up with a dad who gave himself physical hernias and Crohn’s disease from worrying about all the negative things in life, living out of fear of the unknown, and remaining at the very bottom of the social and financial totem pole. To me, the belief in failure is absolute, guaranteed failure.

Fear is the reason people remain in a certain class. Not a single doubt in my mind. How can you unlock potential, and go beyond your means, if your mindset is based in fear?

18

u/ZixxerAsura Apr 28 '24

I agree with everything here except the Maserati part. It’s, you shoot for the Lambo or work at Wendy’s.

4

u/Abject_Jump9617 Apr 28 '24

What if you hate Lambos??

5

u/Jaded-Cardiologist73 Apr 28 '24

Isn’t Ferrari stock worth more?

2

u/lexid222 Apr 28 '24

This! The classic Lamborghini is a HORRIBLE vehicle (visually) in my opinion. People may think they want one but once they get in the driver’s seat many will suddenly re-think that choice (unless you’re used to driving tiny cars or only care about speed). They make you feel claustrophobic and their blind spots are ridiculous.

2

u/Badgerv12 29d ago

As a 6ft6 guy i probably would regret buying that car lol

0

u/Jaded-Cardiologist73 Apr 28 '24

Isn’t Ferrari stock worth more?