Day Trader Demographics
- Thread starter RicG
- Start date
You should tell something about yourself and about the purpose of this study. That will increase the chances of someone from ET telling you about some contact.
Because even if someone has a link or can introduce you to someone, not knowing anything about you, people might not want to introduce a stranger they met on the internet to some researcher. You understand what i am saying.
Because even if someone has a link or can introduce you to someone, not knowing anything about you, people might not want to introduce a stranger they met on the internet to some researcher. You understand what i am saying.
What are you trying to accomplish? I do not think success in trading lies in demographics.
1) IRS - They aren't going to share the info with individuals. If someone did, its illegal...darn privacy laws
2) Tax Accountants - Firms (e.g. TradersAccounting, GreenCompany.com, Mann & Company) aren't going to share the info with individuals...darn privacy laws.
3) SEC and other agencies - They aren't going to share the info with individuals. If someone did, its illegal...darn privacy laws again.
4) Brokers - They aren't going to share up-to-date client info with individuals except only with research firms that pay a pretty penny for the data.
5) Data Vendors (e.g. Bloomberg, CQG) - They aren't going to share up-to-date client info with individuals except only with research firms that pay a pretty penny for the data.
6) Research Firms - They aren't going to share the info with you unless you pay a pretty penny for the data. There's dozens and dozens of these firms (e.g. Aite Group, Track.com,) that keeps day trader data. Once in awhile you'll hear their name mentioned on Bloomberg or CNBC or quoted in some article about day traders.
Note: Some professional research firms are present on stocktwits and twitter for obvious reasons.
Simply, obvious solution is to contact a research firm because the other mentioned resources can obvious cause someone to lose their job or worst (never share private info as such with strangers on the internet). Any request for such info by anonymous folks on the internet will most likely get ignored.
P.S. You good at hacking into the computers of any of the above resources. Ooops...that's illegal too.
2) Tax Accountants - Firms (e.g. TradersAccounting, GreenCompany.com, Mann & Company) aren't going to share the info with individuals...darn privacy laws.
3) SEC and other agencies - They aren't going to share the info with individuals. If someone did, its illegal...darn privacy laws again.
4) Brokers - They aren't going to share up-to-date client info with individuals except only with research firms that pay a pretty penny for the data.
5) Data Vendors (e.g. Bloomberg, CQG) - They aren't going to share up-to-date client info with individuals except only with research firms that pay a pretty penny for the data.
6) Research Firms - They aren't going to share the info with you unless you pay a pretty penny for the data. There's dozens and dozens of these firms (e.g. Aite Group, Track.com,) that keeps day trader data. Once in awhile you'll hear their name mentioned on Bloomberg or CNBC or quoted in some article about day traders.
Note: Some professional research firms are present on stocktwits and twitter for obvious reasons.
Simply, obvious solution is to contact a research firm because the other mentioned resources can obvious cause someone to lose their job or worst (never share private info as such with strangers on the internet). Any request for such info by anonymous folks on the internet will most likely get ignored.
P.S. You good at hacking into the computers of any of the above resources. Ooops...that's illegal too.
i'm 48 yrs old. my iq is thru the roof. i been trading for 19yrs.
what esle do you want to know?
seriously, i'll tell you?
what esle do you want to know?
seriously, i'll tell you?
gmst,
I appreciate your post and thoughts. And I understand what you are saying. Having said that, I only partially agree with your statement.
If there was a publicly available study freely available online, I don't know why anyone would not be willing to post it here........I certainly would do so. If someone has a private study and were willing to possibly share it or sell it, I'm sure they would PM me. In fact, I've already received 2 PM's in reference to that very thing. As it turned out, neither of those studies was what I'm searching for.
So here's a public announcement: If someone has a legitimate private demographic study or contact, and doesn't want to discuss this publicly on the forum, I invite them to PM me. I'm more than willing to share more about me and my desire for this information, if they will do the same.
What I will say about myself here, is that I'm a trader. I've been trading futures about 7 years. I now mostly trade CL and NQ, and a bit of forex. I used to trade ES almost exclusively, but don't like the slower price action and small ranges Years ago, I traded stocks and options, but much prefer the benefits of the futures and forex markets.
gmst, would like to know a bit more about you, if you don't mind.
Regards,
Ric
Hi wrbtrader,
You make some good points. However, the SEC did release a report to the general public that included day trader demographics and a host of other data. The only problem with that study is that it was released in the year 2000, so it's completely outdated. Wish they would get off their butts and do another one.
Earlier this week, I viewed the current Aite offerings, but their studies concentrate on what they call "Active Traders", which are not really "Day Traders". Aite obtains most of their information from customers of E-Trade, Charles Schwab, BOA's Merrill Edge, amongst other similar brokerages, so their data is heavily skewed towards the career professional (doctor, lawyer, white collar exec). Obviously those people are working all day, so they are not active day traders.
I haven't checked out Track.com, but will do so. Thanks for mentioning it.
Regards,
Ric
PS - not at all good at hacking, I've got no clue how to do it. That's probably a good thing.............lol
wrbtrader,
This is my second response to your post, because I thought of something else.
The one area you didn't mention in your post is universities. That's where I really thought early on in this journey, I would find what I'm searching for. I've been given, and followed up on many leads in that arena, but they've so far proved fruitless.
University professors and doctoral candidates conduct and freely publish demographic studies all the time. I just haven't found a targeted, recent one on Day Traders.
I'm continuing to search that arena.
Regards,
Ric
A year ago or so I posted a detailed message here at EliteTrader.com about which Universities in the U.S. and abroad that teach "day trading" classes to undergrads and graduate business students. Many of these Universities each spent a few million dollars creating high tech day trading rooms.
Thus, maybe you can concentrate your University search via contacting those specific Universities that teach students about day trading, swing trading and such because they may have access to information involving demographics of day traders or may give you contact info about some grad student that has done some research in this particular area. For example, MIT is on the list.
I don't remember the link but you can find my message post it via ET search @ http://www.elitetrader.com/vb/search.php
Also, I forgot to mention another resource for your search. You should contact popular trader magazines (e.g. Stocks & Commodities) because they do sell their subscribers mailing list that includes contact information. I mentioned this as a source for demographic information because I do remember one particular research firm in an interview on Bloomberg talking about "demographics of day traders" and they mentioned they polled traders from subscriber mailing list of trader magazines and data vendors.
My point, if they can buy those subscriber mailing list that's sold to the general public...why can't you if this "demographics" thing is very import to you.
As a quick example...stocks & commodities @ http://www.traders.com/Documentation/ADvertising_Dept/ListRental.html
There's about 4 - 5 other popular trader magazines and I'm sure they to sell subscriber mailing lists that you can use to conduct whatever research you want just like the professional research firms.
Edit: I found the old message post I mentioned. I'll repost it below that was a reply to a college student asking about career as a day trader while he was just getting started in college.
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Thanks for the suggestions. I'll definitely contact the schools. (My alma mater is on the list, University of Texas. Didn't even know they had such a program......I'm sure they didn't when I attended many moons ago)
We think alike...lol, as I've already searched Stocks and Commidites, Barrons, Bloomberg, etc. to see if they had published a demographic study, or had a targeted study already in-house. No luck.
I appreciate your efforts.