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Kind of a ho hum week. Covid cases continue to rise. Vaccines are still an unknown for a few reasons – who will be getting them first? — will they work? How long before someone is immune after taking? Will there be a limit on supplies? If there are shortages who has priorities over others? …
What a week. Corona-Virus continues to wreak havoc on most everyone’s personal and business lives as new cases are growing – New lockdowns are getting issued in different regions depending on your location. Pfizer gave hints that it will take months for the US to deploy the new Covid-19 vaccine The November Jobs report missed …
When it comes to trading there are two main camps: day traders and swing traders. The end goal is the same for both: seeking an opportunity to make a profit from short-term movements in stock prices. Both approaches are similar but also different. We will weigh the pros and cons of swing trading vs day …
Two Trades 1. EuroFx (EC) + 5 Ticks (each tick = $12.50) 2. Gold (GL)+ 5 Ticks (each tick = $10)
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TradingTheSetup may publish testimonials or descriptions of past performance but these results are NOT typical, are not indicative of future results or performance, and are not intended to be a representation, warranty or guarantee that similar results will be obtained by you.
Becoming an experienced trader takes hard work, dedication and a significant amount of time.
Your results may differ materially from those expressed or utilized by TradingTheSetup due to a number of factors. We do not track the typical results of our current or past students. As a provider of educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers.
Available research data suggests that most day traders are NOT profitable.
In a research paper published in 2014 titled “Do Day Traders Rationally Learn About Their Ability?”, professors from the University of California studied 3.7 billion trades from the Taiwan Stock Exchange between 1992-2006 and found that only 9.81% of day trading volume was generated by predictably profitable traders and that these predictably profitable traders constitute less than 3% of all day traders on an average day.
In a 2005 article published in the Journal of Applied Finance titled “The Profitability of Active Stock Traders” professors at the University of Oxford and the University College Dublin found that out of 1,146 brokerage accounts day trading the U.S. markets between March 8, 2000 and June 13, 2000, only 50% were profitable with an average net profit of $16,619.
In a 2003 article published in the Financial Analysts Journal titled “The Profitability of Day Traders”, professors at the University of Texas found that out of 334 brokerage accounts day trading the U.S. markets between February 1998 and October 1999, only 35% were profitable and only 14% generated profits in excess of than $10,000.
The range of results in these three studies exemplify the challenge of determining a definitive success rate for day traders. At a minimum, these studies indicate at least 50% of aspiring day traders will not be profitable. This reiterates that consistently making money trading stocks is not easy. Day Trading is a high risk activity and can result in the loss of your entire investment. Any trade or investment is at your own risk.
Any and all information discussed is for educational and informational purposes only and should not be considered tax, legal or investment advice. A referral to a stock or commodity is not an indication to buy or sell that stock or commodity.
