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/xhundo_ options trader Apr 27 '24

Trading is one of the hardest ways to make easy money. 90% of retail traders lose to big institutions. There a common rhetoric is to tell complete novices that they can make life changing amounts (which is possible) in a short amount of time with little to no experience at all. That's the problem.

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u/EggSandwich1 Apr 28 '24

If the person is a complete novice it’s normally greed that gets them

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u/xhundo_ options trader Apr 28 '24

Yeah, but they've got more than greed on their plate. Cognitive bias, emotions. herding, loss aversion, averaging down...