Day Trading

Swing Trading


“Day trading isn’t investing. It’s at best speculating. Most traders will lose all of their money.”

-- David Shellenberger


"Less than 1% of the total population of day traders is able to predictably and reliably earn positive abnormal returns net of fees."

-- Study


Buy-and-hold strategy beats market timing 99.8% of the time

-- Financial Analyst Journal


"No evidence that the profits to the technical trading rules we consider are greater than those that might be expected due to random data variation."

-- Finance professors at Massey University in New Zealand


"It's madness to think individual investors can beat the City's finest, armed with a laptop and a 30 day course on technical analysis. Hedge funds have all of these trades and more completely covered with complex algorithms and artificial intelligence that are well beyond a private investor's ken."

-- Business Insider


Is day-trading dead?

“For the home-based retail day trader, I would consider the occupation as dead.”

-- Damien Hoffman, Wall St. Cheat Sheet editor-in-chief


"When you step into the market with [institutional traders], it’s naïve to think you can make big money."

-- Damien Hoffman


"Only around 5% of retail traders make money as full-time day traders. The probability of success is slim."

-- Damien Hoffman


"70% of public traders will not only lose, but will almost certainly lose everything they invest."

-- All-Tech Investment Group


"Only 11.5% of public traders showed the ability to conduct profitable short-term trading."

-- All-Tech Investment Group


"You may have heard 90% or 95% of traders lose money, or some other seemingly high statistic. From what I’ve personally seen, this is accurate."

-- Corey Mitchell (who sells a trading course)


NOTES: Like the name implies, day trades last less than one day. Swing trades typically last 2 to 6 days, but sometimes as long as 2 weeks. Both are different than position trading, which lasts for months to years. Market timing is a broader concept, often based on outlook of the market or economic conditions.


Supposed succesful day trading systems are a mirage. Claims cannot be verified.


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