New study shows only 1% of traders are consistently successful
We have heard that 90% of people fail in gambling. Fail at trading. BUT, has anyone really seen any study proving that these statements?
Like most here, I have been curious as to whether the 90 - 95 percent of traders statistic had any truth to it. I FINALLY found a study that provides a genuine amount in regards to the percentage of people that succeed in gambling. An article was printed in The New York Times a few days ago in which it cited a new, yet-to-be-published study that basically stated only 1% of traders are frequently profitable.
This is the connection (the study I speak of is on page 2 of this article):
Now, eventually having factual proof showing that ther is a next-to-nothing prospect of somebody getting (consistently) effective as a trader, my question to everybody here is: Can it stop you in any way in trying to attain your dream as a consistently profitable trader?
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