Quote from: isaac_clarke22 on December 26, 2020, 06:53:06 PM

I thought those numbers were thrown randomly then the OP cited reference of the study.
Please edit the OP along with the reference you mentioned inside the thread, because some people don't go to page 2 and just straight up reply and ask for the reference for sure.

As for the 1%, even if knowing the actual number of that in the world population, that's already a lot of people and I don't think I would count on that.
Where are they right now? Probably not here in the forum so we'll never know. Probably they're still busy looking into their charts always.

Thank you for your recommendation! No way we would just randomly throw out some random numbers Cheesy

Unfortunately when I tried providing direct links to the researches with URL links to the papers, my comment got deleted by the moderators, so I am not sure what's the issue with that Sad

But if you have any advise about how to edit that and not make people managing the thread delete it, I would really appreciate that and would surely edit the initial message.

And the 1% is not from the total world population actually, it's from traders who trade. If you consider number of people who actually trade - that's pretty small number (less than 0.1% of total population (I assume)). And among them very few trade persistently. And among them it's like 1.6%... so the number is in fact pretty small, but yes it's not as small as 100-1000 people in the world. But I guess you are right - those 1.6% are not here, as they are busy with doing what they do better than the rest of the world and all of us here, so all we can do is just guess, and assume.

Quote from: jerry0 on December 26, 2020, 10:37:57 PM

What percentage of ppl who do this full time make a yearly profit on this? Thing is when crypto is down all year like few years ago, how did any of these traders make any money is what i want to know? Because if everything keeps going up... its like well its hard to lose if you only buy/sell the top coins.

I see your point, but I think even if everything keeps going up it's still pretty possible to lose a lot of money. Many many maaany people would short @ $20k, @ $21k, ..., @ $25k and now will short again. So just imagine how many of them are in losses who will be contributing to those stats. Also don't forget the ones who do earn in the growing market, but... they don't consider their fees, or some even don't know about them Cheesy

spreads, network fees, deposit/withdrawal fees, interest on margin accounts, interest on leveraged positions, and taxes (if there's someone here paying those on your crypto), and many other hidden things. When consider all - numbers are not that positive as people see in their terminal screen.

Quote from: seleme on December 26, 2020, 10:59:31 PM

Trading is not easy and statistics confirm the hard truth traders afraid to accept. Everyone wants to see themselves on the winning side but the practice and trading skills are not the same for all types of traders. Long term trading is the key to be on the green side while short terms traders burn their 1000th trading account with the hope of getting a big one day. Finding the 1% profitable traders is harder than finding 99% of losers Wink

You are absolutely correct! But just to clarify - do you mean long-term trading, like as real trading (scalping, swing, hourly, weekly, etc.) or you mean investing? Because I think once you trade covers a long-enough time-period like years, it becomes very vague if it's trading or investing. Like, maybe I invest with 1-2y horizon based on hype, news, and short-term fundamentals. At the same time, someone might be buying in January 2020, and expecting to exit h/is/er position in Jan 2022 based on ultra-long-term tech analysis. These types of people are kind of hybrid between traders (with up to 1 month trading period) and investors (who typically expect to exit position within 5-10 years).