With the amount of press that day traders get you might be tempted to think that they perform well, but the evidence lays out the perils of day trading. Two of the most well-known trading researchers, Brad Barber and Terrance Odean, state, “While about 20% of day traders earn profits net of fees in the typical year, the results of our analysis suggest that less than 1% of day traders (4,000 out of 450,000) are able to outperform consistently.” Furthermore, the longer you are in the day trading game, the worse it gets.

Of the long-term day traders, only 1 percent made more than the minimum wage. Less than half of that group of people made more than $54 a day.

It seems that words of Mark Twain are worth repeating.
“A lie can travel half way around the world while the truth is putting on its shoes.”
James Di Virgilio

Author James Di Virgilio

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