90% of traders lose money, but anyone DCA an index would be making money...

[ironchef]

I don't think any qualify as true daytraders....opening and closing all postitions in same session.

Hard to tell but I thought from reading some were, e.g., Linda and maybe Steve (Cohen) among others?

 

[Peter8519]

We know little and think we are right and yet not know enough to know we are wrong. In this business, know wrong early is an edge too. Market is not totally free and big players can move it in the direction they want.

 

[DallasCowboysFan]

Not really. Dca through the Nasdaq anyone would have been a winner. Market has a long bias. When you try to do too much it becomes a 90/10 game where the best 10% takes 90% of the profits.

Look at the super rich. They buy very expensive stuff without a sweat. Like the Winklevoss twins buying millions of usd in bitcoin when it was $200, or the Saudi prince buying the Salvator Mundi for 450mil.

They know in the long term it will be worth more.

It's a shame that many people insist that the painting is a forgery...lol