How many traders are actually making a living?

[Bekim]

Patience, passion and edge are the tree things you need to have. But I think patience is the number 1 reason. You can’t teach patience.

 

[newwurldmn]

There a lot of noise in many of these samples. Why aren't darts and volume lower if the failure rate is so high - new entrants? At some point, the numbers should decline. Look at options where retail has a bigger presence than other asset classes and the numbers are still pretty strong.

99percent of that retail volume aren’t traders trying to earn a full time living.

 

[LloydPhill]

Stop killing yourselves with these stats, they can never be accurate. The world is a very big place and there are millions of traders.

 

[zghorner]

this thread makes me understand why "YOLO" trades are so popular among young individuals that are new to the market. Like, screw it, there's only 1% making big money and they all know more than me so im just going to pick one and buy all the calls or puts i can afford haha.

 

[ironchef]

SBA is the lender of last resort and a government-guaranteed program or nobody would take those risks. Banks have passed, VCs have passed, angel investors have passed - by the time the deal get's to SBA it has been passed upon by anyone with a pulse.

Have you ever applied for a SBA loan before? Not as easy as you think.

 

[ETJ]

"Have you ever applied for a SBA loan before? Not as easy as you think."

I don't think I said it was easy - I said lender of last resort.