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By Gontran de Quillacq
On November 20, 2020

Most Robinhood day traders lose money

Most day traders on Robinhood lose money. Actually, maybe 0.5% of day-traders earned more than the initial salary of a bank teller.A large body of academic studies going back 20 years consistently shows day traders and other very active traders have difficulty making money over anything more than short periods of time.

 

Trader on tehe phone

Isn’t that weird that the large execution platforms insist on easiness and low costs of trading, rather than showing stats of profitable traders?

That’s because “maybe 0.5% of day-traders earned more than the initial salary of a bank teller”.

Personal experience: I have not seen one true money-maker among all the hundreds of candles-and-patterns prop-traders who have reached out to me for investments. Actually, those words would be enough for me to throw them immediately out of the pile of cash-seekers.

 

Credit to Bob Pisani at CNBC.

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