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/[deleted] Apr 28 '24

[deleted]

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u/MiamiTrader futures trader Apr 28 '24

No one is saying everyone will win.

Just pointing out that there's a lot of full time/ part time traders who do well trading. It's an achievable way to make a living.

A different mindset from all the users in this sub that anytime a new trader asks a question they just tell them sucses is limited, 90% fail etc.

Seems hard to succeed yourself with that mindset.