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Strategies & Market Trends : Trader J's Inner Circle
NVDA 182.35-0.6%3:59 PM EST

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To: dennyv who wrote (4885)1/17/1999 10:12:00 PM
From: Shmar10  Read Replies (1) of 56535
 
All: Something interesting I came across on another thread -

everybody and their brother tries their hand at daytrading
30% lose all/most and quit
30% lose and keep on trying, throwing good money after bad
30% ebb and flow; make less than they would in a in a decent mutual fund; much less
5% do ok; maybe squeek out a living; less than a day job and an Index Fund for their funds, combined
5% do well, beat the market; make more than they would in a day job; have some fun and freedom; get a lot of grey hairs (those that they have not torn out)
1% take the fortune they made daytrading; put it an index fund and tax free muni's; kick back and enjoy life
and 80% lie about how they do
99% bitch about their broker and the market makers
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