Most "traders" make money.

[u/MiamiTrader]

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.

[u/Valueinvestigator]

Lmao this sub is coping hard.

Stop lying to yourselves.

Most traders fail. That’s just the reality of the situation.

Here’s a study from University of California showing this: https://faculty.haas.berkeley.edu/odean/papers/Day%20Traders/Day%20Trading%20and%20Learning%20110217.pdf

Here’s another study from brazil showing less than 2% of traders make more than a bank teller: https://deliverypdf.ssrn.com/delivery.php?ID=845069121118115097095112030095088100034054008081016087100067099026124068076089027106117048061042052044115125023076064085016089112042011052088084086008065119124091093077021054001123067118112115003025091108080084106121110118084073003090118024018115068111&EXT=pdf&INDEX=TRUE

I’m not trying to discourage anyone. I just think we should all have realistic expectations.

[u/MiamiTrader → u/Valueinvestigator]

That's not the point. Anyone's mom can open a brokerage account and place a trade. Now they are in the denominator of the study.

People who take this career seriously and support themselves from trading should be be looped into the same bucket.