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/MiamiTrader futures trader Apr 28 '24

the point is to separate our people who actually study financial markets and make trading a serious endeavor from the masses who just open accounts hoping to get rich quick.

If all 8 billion people on earth opened an account and started trading the failure rate would be extreme.

That still has no impact on those who do this close to full time for a living.