• 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
I find this to be true when I think of myself and many people I know.
Only 7% remain after 5 years because trading is exhausting physically and mentally. Most people can't live in stress for years.
People underperform the market because they are impatient. They see it going up and sell when they reach their target but their target often is not the market's target.
To ease this mental and physical stress enabled a lot of traders to transform their strategies to bot in cryptos trading and Expert Advisor EA in forex, spot and indices trading, to automate their trading so as to reduce the stressful nature of trading a lot of them are making profits consistently I believed there are many of this set of traders that isn't capture by the statistics I believed the overall profitable traders should be more 1% IMHO.