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Can Day Trading be profitable for retail?

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artemiso View Post
This means that only 21% of trades taken by accounts categorized in that group make positive gross PnL.

Trimming it down a lot: 79% of trades taken by small accounts lose money (to market maker). Does this make sense?

These are extraordinary posts. Thanks for providing exact quantitative data on the question.

It's no wonder that such a small percentage of retail traders will succeed, with stats like this. Of course, there will be some that do, just not many....

This puts it well, and is hilarious, too:

artemiso View Post
The reason is quite simple really, I agree with @Anagami. Daytrading is like being a stay-home writer, most people lose money and it's not that the system is rigged against stay-home writers, it's just good literature is a very competitive and efficient market.


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