if 90 percent of traders are losing and

Back then everyone was daytrading/investing/swinging whatever you wants to call it...mom, pop and the nieghborhood drug dealer....much bigger pool to take money from and ur stats from....I knew less then than now and I was making money hand over fist....go figure....
 
Majority people lose, be it 70 or 90%, it doesn't matter. Just like in any other business. Nothing new yesterday, today and I have a "really wise" prediction, it's gonna be the same tommorrow, after tommorrow and later still.
 
Originally posted by Gordon Gekko
where are some facts regarding these statistics that 90-99% of traders are losing?
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If I remember, these numbers come from a SEC or NASD study done on daytrading firms back in 1999.

It happened after Block Trading blew out a bunch of traders in Boston and the industry was scrutinized.
 
Originally posted by Gordon Gekko
where are some facts regarding these statistics that 90-99% of traders are losing?
More...

If I remember, it was from an SEC or NASD study done on daytrading firms back in 1999.

It happened after Block Trading blew out a bunch of traders in Boston and the industry was scrutinized.
 
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