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Non-Tech : Best & Worst Daytrading Broker?

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To: Michael Turner who wrote (48)5/3/1999 6:32:00 PM
From: Cash  Read Replies (2) of 126
 
I think you're wrong about that 30% succeed in daytrading...

It's more like 10% to 20%. And I'm talking strictly about daytrading. Not swing Trading. Flat at the end of the day.

I've heard this figure from Marc Friedertag, author of "The Electronic DayTrader" among others. This is a figure he bandied about in his classes and talking to prospective day traders.

Where does your figure come from?
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