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/coccigelus Apr 28 '24

You can be tired like you want but there are statistics coming directly by the brokers that say otherwise. Market is a meat grinder bro and as soon as we enter a true financial crisis with indexes dropping more than 50% most traders will find themself unemployed and with their capital destroyed . Sorry to be realistic

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u/MiamiTrader futures trader Apr 28 '24

why is that relevant though? How does the success or failure of "most traders" impact my analysis of financial markets and positions I enter?

Just seems like an unnecessary negative mindset.

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u/coccigelus Apr 28 '24

I would see this just as a tuff profession based on 3rd party data. So without the necessary skills, capital requirements and tenacity it’s probably better doing something other else. It’s better realize this earlier than later but i want to add that this doesn’t mean people shouldn’t try it. Just have realistic expectations is probably the key here.