The rule of 90 or 90% rule is a gloomy statistics that was suppose to serve as a reminder or caution newbies traders. The rule states that "90% of traders lose 90% of their funds in their first 90 days of trading."
Do you believe that? I hope this caution new traders that are opportune to read it.
Useful piece:
https://trendspider.com/learning-center/the-rule-of-90/I kinda believe it, the money need to come from somewhere with trading, and it's mostly zero sum game as many things in life which is perfectly fine, but I think newbies definitely on the losing side here, because their opponent are the remaining 10% which mostly consist of experienced trader, seasoned psychologically going against the FOMO and have edge when it comes to information.
I think it's kinda obvious if you think about it, FOMO newbie always losing because they're just not good at it.