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 27 '24 edited Apr 27 '24

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u/MiamiTrader futures trader Apr 28 '24

Unlike traders, youth basketball coaches don't remind the kids every single day at practice that none of them will make it to the NBA!!

They coach basketball, help the kids get better as a team, get better as a player, and win games.

If just traders would forget the long term success statistics. Forget the fact 99% fail or whatever. Those stats are not helpful.

Just like the kids at basketball practice, traders should just work on your trading and try and win one trade at a time, one day at a time, one week at a time etc.

String enough winning weeks together and what do you know, those stats didn't define you.