The new middle-class gambling addicts: how day trading is ruining lives

notagain said:
Risk of Ruin Calculator, account size won't save you from poor profit factor or low win%.
You could net profit $20,000 in 1,000 trades with nice equity curve, average drawdown and still lose everything. Beware if your average loss is four times greater than the average trade net profit.
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That's why I think noob traders should start with a 1:1 risk reward and just try to be right 60% of the time.
 
Blaming day trading for ruining people's lives is a fresh headline in the UK I guess. The real exploitation is that this blather of an article is behind a paywall.
 
Scataphagos said:
The Fed is bigly responsible. By juicing the markets for so long, they created a "fatal attraction" of easy money among the inexperienced.

As we get into the bear market, the body count will sky.
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Where is Lenny "Never a Losing Trade" Dystra when you need him?
 
It's lopsided to focus only on daytrading 'addicts' vs those who win or are breakeven.

The article reads like reefer madness, demonizing active traders. Totally ignores successful professional traders and competent, in-the-money retail traders. Fck em
 
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