Can you make money through day trading?
Asked 4 years ago
I've read that the percentage of people who make a loss day trading is significantly higher than those that make a profit. Is this true? Is it actually possible for someone to make money through day trading?
Andia Rispah Igobwa
Tuesday, October 19, 2021
Day trading is risky but potentially lucrative for those that achieve success.
Day traders seldom hold positions overnight and attempt to profit from intraday price moves, trends, or swings in market sentiment (bulls/bear).
Day-trading can be especially rewarding when the trader's strategy has proven effective. Experienced individuals tend to take their jobs seriously by remaining disciplined.
A successful career will likely involve some degree of luck, depending on what strategies you choose. Different people may have varying levels because no two careers are alike, even if they share similar goals!
Filip Dimkovski
Sunday, February 06, 2022
Of course. Day trading isn't a new activity whatsoever - it's been around ever since the stock market has existed. However, most are questioning its profitability, claiming that the percentage of people that lose is higher than the ones that make profit - which is entirely true. Day trading is lucrative for the top 15-20% of traders which profit on the price changes where 80% of traders lose money.
So, is it possible to make money with day trading? Absolutely! Is it easy? Not at all. It requires investing hours and hours of practice (either on a demo account or a real money one), learning the theory behind how the market works, and studying tactics popularized by experienced & profitable day traders.
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