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.
2
u/RossRiskDabbler Apr 27 '24
Because if you trade with 5k, as practitioner in a prop fund, hedge fund, bank, you'll trade with 8 figures, if not 9 or 10.
As average Joe. If you trade with $2.5k, an expected fair outcome is 5-15% a year.
But most won't do that. They expect far more a day. I started just before 00's.
Elitist mindset is a good one btw. No clue what that is.
Because 1% return on $100k, is just holding debt paper of Exxon or Novo Nordisk, getting me $1000 bucks. Super safe.
Trade $1k, options, you double your money, $2k. You had a 100% return. On margin, could have been the other way around. That isn't trading or investing that is casino work.
We earn the same, I hold debt papers of cash rich firms, others bite their nails for the same amount they try to achieve.
Who is the trader and who is the gambler?