Mike on Nostr: The problems I have with trading: Only 1-3% of traders make money and only 13% of ...
The problems I have with trading:
Only 1-3% of traders make money and only 13% of those make consistent profit over 6 months and only 1% are consistently profitable over 5 years, which means that 99% don’t.
The traders that make money, make it from the 99% that loose.
It’s a competition and only the fittest survive, the rest die.
It is similar to sports like football, where the best teams thrive and the worst struggle.
However, sport is just a game and even though professional sport involves money, losers don’t loose money, they just fail to make it.
Only 1-3% of traders make money and only 13% of those make consistent profit over 6 months and only 1% are consistently profitable over 5 years, which means that 99% don’t.
The traders that make money, make it from the 99% that loose.
It’s a competition and only the fittest survive, the rest die.
It is similar to sports like football, where the best teams thrive and the worst struggle.
However, sport is just a game and even though professional sport involves money, losers don’t loose money, they just fail to make it.