Are there actually successful day traders?
Asked 2 years ago
The day trading rule seems like it's rather steep. How do you maintain it and be successful at it?
Andia Rispah Igobwa
Monday, November 15, 2021
Yes, about 80% of daytraders fail in the first year.
However, many people who start new businesses or enter different occupations fail as well. If you understand the threats and keep them in perspective, you'll be better prepared to withstand adversity on your journey to success.
It is not difficult to make money via trading, but it is not impossible.
Day traders are typically active in intraday markets and try to make hay while the sun shines. They don't like holding onto positions overnight because it's risky, but if you're successful, then day-trading can be really lucrative!
The most critical factors for success with this type of trader include what kind of capital they start off with (starting balance), how your strategy works out when combined with market conditions - basically anything that could affect whether or not there will actually come a time when profit is realized from these trades has a matter more than just luck at this point; experience counts too.
Sunday, February 06, 2022
Of course! Many people are profitable as day traders - in fact, millions around the world have taken up day trading as a full-time or part-time job. As it's already widely known, the vast - literally vast majority of day traders are not profitable - estimates put this number at around 80%. Of course, the money this 80% of traders lose doesn't just disappear into thin air - it's taken by the 20% of day traders which are regularly profitable.
So yes, day trading can be an incredibly lucrative and profitable part-time job / side hustle, but it requires immense dedication. You'll have to learn the basics, study the theory behind the stock market, and only then you'll be ready to open your first position.
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