Why 90% of traders burn out?

fordewind said:
To clarify,this was about day traders,not traders per se.
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I would be more inclined to say Scalper day traders lose money; it's so much easier to lose money scalping for peanut profits. You're lucky to break-even if that's what you're doing.

This isn't the 90's anymore -- that strategy game plan is not that feasible o_Oo_O
Surfing/timing for the macro waves in the Day is slightly more advantageous though -- specially with options, you can carve out a nice % return.
 
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$1m bp for a good trader with $25-50k down was very common 5-10 years ago (think Bright, Assent, Tuco etc). The prop industry has really consolidated due to a failing biz model, and it's harder nowadays to find that.
 
Took me twice as long to figure out how to Scalp, smaller the profits you target, tougher it gets, but I love to challenge myself . Burn-out happens cause lack of other activities, you need other outlets than staying in your cave all day, need to go out and play tennis, ping pong, go to movies, get out of the house. Take up another hobby other than slamming down keyboard or laptop, granted good exercise of picking up all the pieces after you come back from ER as they removed glass out your hand, those were the days my friend, I thought they never end.
Everyone.....

 
Why 90% of traders burn out?



why? because small traders do not have the minimum capital requirement to trade which is $100K per es contract. When small traders do not meet the minimum capital requirement, this is what happen:


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More than 90% of small traders lose! They just lose!
 
Now that we've bashed the day traders/scalpers enough...what is the "losing rate" of swing traders? Logic/stats would imply that most SWING TRADERS lose too...anyone care to speculate on the success of the swingers?
 
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