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.?
• 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.?
I am pretty sure that none of the member here in the forum doesn't know who is this 1% traders who got earned a lot with trading.
However, how did you know that it was 80% of the traders gave up their trading activity here anyway? what is your basis anyway for this matter?
Then, you calculated already that 5 years from now only 7% will remain in trading? Just asking dude.