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/Is this supposed to be some scarecrow to discourage newbie traders from going into the field or just a means to make them exercise extra caution when trading? Because, I clearly don’t know how this statistics is being generated and how they are able to establish just whom these newbie traders are. I’m having to make that assumption because, there ought to be a lot of unreported cases of newbie traders and loses.