Traders in Poland lost $151 million in 2018 alone

[mlawson71]

According to the Polish Financial Oversight Commission (PFOC) in 2018 Polish traders lost over 151 million USD.

And if you divided that figure between the nearly 35 000 trading accounts that ended the year in red, it turns out that for the 12 month period a Polish trader has lost on average about 4400 USD.

All in all 78.9 percent of all retail traders in the country lost money in 2018, marking a slight decrease form 2017 when 79.7 percent of all traders lost money, the PFOC data also shows.

 

[maxinger]

That I believe.

Only a handful can make it.

 

[JSOP]

Where did all that money go? That's what I would like to know. The market is a zero-sum game. So if they lost $151 million USD, somebody must've profited that $151 million. Who and where?

 

[schweiz]

Where did all that money go? That's what I would like to know. The market is a zero-sum game. So if they lost $151 million USD, somebody must've profited that $151 million. Who and where?

If the 20% profitable polish traders make each 16.1K, the 151 million are gone.
16.1K is nothing for a profitable trader. Just pocket money.

 

[Nighthawk]

According to the Polish Financial Oversight Commission (PFOC) in 2018 Polish traders lost over 151 million USD.

And if you divided that figure between the nearly 35 000 trading accounts that ended the year in red, it turns out that for the 12 month period a Polish trader has lost on average about 4400 USD.

All in all 78.9 percent of all retail traders in the country lost money in 2018, marking a slight decrease form 2017 when 79.7 percent of all traders lost money, the PFOC data also shows.

"Only" 78,9% lost money? I doubt this figure. More like 98.29%.....

 

[schweiz]

"Only" 78,9% lost money? I doubt this figure. More like 98.29%.....

Can you proof that? Because that would mean that the PFOC is lying.

 

[schweiz]

Polish Brokers have to comply with the OECD's Common Reporting Standard – Automatic Exchange of Information (CRS-AEOI).

• What is reported:
  • Name
  • Address
  • Tax ID Number
  • Tax Country
  • Date of Birth
  • Place of Birth
  • Year-end account balance
  • Gross Proceeds (all sales)
  • Interest income
  • Dividend income

So it is theoretically possible to know exactly what each trader/investor made or lost. Poland has to apply these rules since 2017.
I assume the PFOC gets the information there.
Where did you get your information?

 

[qlai]

I am very skeptical of all these studies as they are often used to prime the public prior to passing some new laws or polices.

 

[actualfuturestrader]

why does anyone who is an ELITE TRADER care about this? stats on losers and winners in Poland. how does that help your trading. the other money goes to the winners and the brokers and fees and mkt makers. pretty simple. anyone who says its a flawed report should really check themselves. just because you lost doesnt mean 98% will..wow. again..this place cracks me up

 

[traderdock]

The stats are not surprising. All spreadbetting companies publish these types of figures now - required by law. And the figure is pretty consistent across the board. circa 80% of trading accounts are loss making. It's the Pareto principal - 20% end up with the spoils.
And the reason the info is useful is because it can stop a person who thinks that trading is easy from losing $10k or $50k within a few months because they think anyone can make money buying and selling the markets.