...90% of Stock Market Traders are in Loss...
How much sustainable, repeated profits are available for the 10 to 20% of traders who are successful? Savvy, winning traders are rare but they do exist, and - unlike gambling - you have a real chance to win long-term since you are competing against other traders.
Don't day trade, you're going to lose your money = Good advice for you and many others, but a horrible thing to say to a young person with potential to enjoy a great career as a successful trader and investor.
Trading is can rally look good and a huge source of income to many people that thinks in such perspective but the reality is absolutely different. Just like the stick market, there are also many traders that are in huge losses but would not come out publicly to let people know. I keep seeing people posting their success in trading not their misfortunes. We are in the era where every trader is claiming to be successful when their portfolio are bleeding.
The really traders don't come out to voice their success. It actually appears like a smoke covered with a basket with bigger holes. Whether you are a day trader or swing trader, I believe that everyone has a strategy that is working for them. If you have a profitable strategy that is earning you profits from day trading, that's fine and if you are scalper with a profitable strategy, that's fine too. The aim is to make profits from the market.
Yea you are actually right and I also share the same sentiment as you, the real guys making money from the market are not posting it on social media or telling people how they are making millions daily from it, it is mostly traders that are making most of their money as influencers that mostly post only their winnings online, because who the hell in his right senses would want to learn trading from someone that always post his failings? None, so that's what it is.
Then as for the topic of discussion, honestly I don't see anything bad in day trading or any other trading system like scalping , swing trading, trend trading and so on, all are risky, but the key thing here is how skilled are you in the craft?
That's where the winning and losing are, because if you truly knows what you are actually doing, it doesn't really matter which strategy you are using to trade, you can always be profitable because you knows all it entails to be successful while navigating your way in the market.