12-21-2021, 04:29 PM
The failure rate is well documented long before the days of Youtube gurus. Well above 90% lose their capital in under a year and many more don't survive over a few weeks or months. One of the problems is a system is going to lose effectiveness if you have a significant amount of traders using it on low liquidity stocks. I do wish I could get 100 people to pay me training fees and then follow me into trades so I can have some associates dump shares on them. (not really) Anyway I've never personally known anyone who can do it for an extended period of time, though various market cycles. So not impossible I guess, but the list is VERY short.
I've had decent success swing trading in years like this one. That's not the same as day trading. I am trading stocks I am generally OK with owning for years if that is how it turns out. And my "success" sometimes yields less than just holding the stock longer term anyway.
I've had decent success swing trading in years like this one. That's not the same as day trading. I am trading stocks I am generally OK with owning for years if that is how it turns out. And my "success" sometimes yields less than just holding the stock longer term anyway.