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Where did the "90% are losers myth come from?
- Thread starter human151
- Start date
Quote from Sushi:
Quote from Euler:
This also is absurd, any way you slice the definition of "active trader". Think about it.
Or maybe you just "believe" this because it makes you feel better about losses you yourself incur? If so, may I suggest quitting trading and getting on with your life? Your life is worth a lot more than any particular job/career/etc. [/QUOTE
Just stating facts. YOU will lose eventually if you don't quit when ahead. Extremely few have traded for 20 plus years overall. Ever wonder why? Ever wonder why traders want to be money managers? You need to wake up
Your "facts" are truly laughable and already disproven -- many traders, and yes even on ET, have already spent many, many times the amount of money they initially invested in trading; by definition, they can't lose more than they put in. Do you dispute this?
LOL i have seen 80-90% statistics over 6 mth periods.However, over the extremely long-run like 20++ yrs, try 1 in 10000.
Quote from Euler:
Your "facts" are truly laughable and already disproven -- many traders, and yes even on ET, have already spent many, many times the amount of money they initially invested in trading; by definition, they can't lose more than they put in. Do you dispute this?
Survvivorship bias. Look it up. Your statement is false
okay from reading this, I need to wonder why the hell would anyone put thier hard earned capital in the market, theyre just going to lose anyways, right
But yet, here you people are. Talking about the market. and since your talking about the market ill assume you are invested in the market. Why? Why would you invest in the market, if 9 out of ten lose everything? Does not sound too smart to me. You people are smart, right?
But yet, here you people are. Talking about the market. and since your talking about the market ill assume you are invested in the market. Why? Why would you invest in the market, if 9 out of ten lose everything? Does not sound too smart to me. You people are smart, right?