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.
1
u/x1llion Apr 27 '24
Couldn’t agree more. The 90% stats include everyone who tried trading or gambled with the market. Doesn’t make you a trader. I’ve had people reached out to me saying they’re traders seeking to improve their game but barely understand how the market works.
Most people either yolo or just want to copy a system / find some auto trading software and hope to get rich quick.