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Strategies & Market Trends : The Amateur Traders Corner
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To: Mama Bear who wrote (8454)4/18/2001 3:39:06 PM
From: Tom Hua  Read Replies (3) of 19633
 
Oh yes Barb, I know the stats when listening to the pitch of people selling franchises.

95% of self-started small businesses fail within 5 years. 5% end up doing very well.

90% of new real estate agents look for other jobs within the first 2 years, 10% did wonderfully well.

Over 80% of option holders lose money, a small percentage win big time.

The point I was making is 90% of daytraders lose their shirts, and 10% do well.

Do you see anything wrong with these statements?

Regards,

Tom
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