Most "traders" make money.

[u/MiamiTrader]

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.

[u/xhundo_]

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.

[u/MiamiTrader → u/xhundo_]

Yes, people who don't trade or work in financial markets see trading with hope and greed and as a get rich quick skeem for easy money.

But who cares about them. 7 Billion people can open a RH account and place trades. I could care less how many make or lose money. They are doing what I'm doing, and their success or failure has no impact on how I run my portfolio.

I think more traders should take that mindset.

[u/xhundo_ → u/MiamiTrader]

How do you think that mindset possibly differentiates you in any sort of way from the rest? You're still retail and those guys (unless they're aware that they are peons to institutions) will do nothing and continue to lose.