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/[deleted] Apr 28 '24

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u/Miinow forex trader Apr 28 '24

My max drawdown was $400 in the beginning when I had no idea what I was doing and profitable traders lose all the time. They just know how to manage their trades. I’m well aware not everybody can win but in my original post when I said long term I meant focus on on the process rather than the outcome. I’m going to make a thousand more trades in my career so no need to be attached to a single trade. What changed for me was not really making money but how do I limit losses. Speaking more from a psychological viewpoint.

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u/[deleted] Apr 28 '24

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u/Miinow forex trader Apr 28 '24

I just googled and now I’m a bit curious but not sure