Who are the 1% of traders who earn with trading? - page 6.

boyptc

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Quote from: as.exchange on December 14, 2020, 05:05:31 PM

Who are in your opinion these ∼1% of traders? Why they are able to remain profitable? Are you sure you are one of them, if you include taxes, fees, etc.? Wink

These are the most experienced traders. They have a different source of income that helps them to sustain their trades. I'm not one of them but how I wish that I can be part of that very small percentage that managed to continue trading all of their lives.

As a holder, I only trade when it's the right time, and probably this 1% have done day trading before to master the market for a long time. And after that, they've chosen to manage and become stable through holding certain stocks and cryptos that they rely on someday.

sheenshane

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People in trading just come and go, there will be newcomers or old traders who survive in the crypto trading industry. I don't know who are those in 1% but probably they are those people who are willing to risk and spend more time in trading. In trading failed, not all become successful, if there's a winner there could be a loser and that's how trading will work.

It might be the reason that there are always new beginners in trading that hoping they will earn money and thought that it is easy to trade and gain profit. But the fact, that isn't, it is required skills and strategies before you will become a successful trader and probably those who failed can't able to survive and the choose quitting than to survive.

Hamphser

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Quote from: as.exchange on December 14, 2020, 05:05:31 PM

Who are in your opinion these ∼1% of traders? Why they are able to remain profitable? Are you sure you are one of them, if you include taxes, fees, etc.? Wink

For sure these numbers are really pertaining with Forex/Stocks trading since this crypto market is just a decade year old then we cant really say that only 1% is making profits
on this entire market.We might not have those precise percentage but for sure it would be more than 1% because if we do saw that there are only a few been making profits
in long run then we wont really be seeing much of liquidity.Just try to observe the entire market when it comes to moving price or volume then its hard to believe on such
claims.For forex then i might believe but for this market? No, i would really be more than that..

crzy

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This is why many says trading is not profitable at all, well I guess based on the numbers its all about the risk and of course the skills of the traders. Looking at the long term time frame, if you still losing big money then trading is not for you or you just need to improve yourself and learn more. Traders must also know delayed gratification and don’t just think that you’ll get rich easily on this market.

2double0

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The top 1% are those who don't trade at all IMHO. These traders trade when it is required - when the markets are going to make a move which is so big that it can make a huge difference when happened. These traders are from the big names who trade to make profits 'only' of any range.

error08

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We always refer to the whales or big boys who have millions of dollars to spend in the market in order to manipulate and influence how the market moves at their will, but that isn't always the reason for people who can't make profits, it is more about intelligence and strategy to predict the market.
Whoever can survive and last longer in the trading battlefield obviously have a great methodology and strategy to achieve the goal.
The question is what do 1,6% of traders do differently?

nelson4lov

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I don't really know who these top 1% traders are but in my opinion, these should be a collection of the whales and the crypto investment funds (venture capital funds). I just assumed this up before these guys can make so much by just executing 2-3 trades monthly and if they do it right, they end up with good amounts of profits due to the fact that they use a truckload of funds to trade compared to the average trader who is just started out with $200 - $1000.

The reason why a lot of trades come short in the long run is because a lot of them think crypto is just a means to get rich quick and are impatient to see their plans and trades play out.

as.exchange

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as.exchange

There has been many research papers, and the statistics are mostly pretty sad:
•   100% of people start trading with the hope of getting rich
•   80% of all traders quit within the first two years
•   Among all traders, nearly 40% trade for only 1 month
•   Within 3 years, only 13% continue to trade
•   After 5 years, only 7% remain trading
•   The average individual investor underperforms a market index by 1.5% per year
•   Active traders underperform market by 6.5% annually
•   Only 1.6% of traders remain profitable net of fees in the long-run

Who are in your opinion these ∼1% of traders? Why they are able to remain profitable? Are you sure you are one of them, if you include taxes, fees, etc.? Wink

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