Most Traders are Not Profitable - page 18.

JeromeTash

legendary

Activity: 2338

Merit: 1261

Heisenberg

Quote from: Oshosondy on November 28, 2023, 04:17:52 PM

Trading is not gambling but it should be seen as gambling because they are the two things online that can make people to easily lose money.

Everything in a life involving investing money in it for future profits is then a gamble because you don't know how things will turn out tomorrow.

Quote from: mvdheuvel1983 on November 28, 2023, 04:02:07 PM

The true 5% of traders that are very successful and profitable do not even have a YouTube channel (only a very few exceptions). They are strictly for trading only, day in and say out.

If I am so good a trading and making a lot of money out of it. I don't see why I would go to YouTube looking for views and people to register using my referral links Grin

Whenever I see YouTubers asking subscribers to use their referral links, that is where I stop the video

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

Read this:

https://tradeciety.com/24-statistics-why-most-traders-lose-money?hs_amp=true

Quote from: https://www.quantifiedstrategies.com/what-percentage-of-traders-fail/#:~:text=Our%20research%20suggests%20that%20about,the%20%E2%80%9Ccorrect%E2%80%9D%20ballpark%20figure.

Our research suggests that about 70 to 90% of traders lose money. It is, of course, impossible to get an exact number, but as a rule of thumb, we believe 70-90% is close to the “correct” ballpark figure.

Quote from: https://www.datasciencesociety.net/what-proportion-of-day-traders-find-themselves-profitable/#:~:text=Approximately%201%E2%80%9320%25%20of%20day,99%20percent%20of%20them%20fail.

Approximately 1–20% of day traders actually profit from their endeavors. Exceptionally few day traders ever generate returns that are even close to worthwhile. This means that between 80 and 99 percent of them fail.

Quote from: https://www.moneyshow.com/articles/tradingidea-60554/why-90-of-traders-lose-money/#:~:text=Based%20on%20several%20brokers'%20studies,forex%20traders%2C%20or%20options%20traders.

Based on several brokers' studies, as many as 90% of traders are estimated to lose money in the markets. This can be an even higher failure rate if you look at day traders, forex traders, or options traders.

I can agree to that, most traders are losing.

Trading is not gambling but it should be seen as gambling because they are the two things online that can make people to easily lose money.

mvdheuvel1983

sr. member

Activity: 1022

Merit: 368

A lot of traders are not as profitable as they claim to be. I don't know the exact percentage but I can say and stand to be corrected that 95% of traders even the so called professionals are not profitable. How do I know this through simple deduction. 95% of these unprofitable traders make their money through other means and their unsuspecting followers don't know this. Some of the means are
- starting a YouTube channel and making money of
a) affiliate program
b) YouTube ads

- Having a paid course.
- Trading signals
- Selling trading merch
- impressions
- and others.

The true 5% of traders that are very successful and profitable do not even have a YouTube channel (only a very few exceptions). They are strictly for trading only, day in and say out.

Topic: Most Traders are Not Profitable - page 18. (Read 2358 times)