/biz/ - Business & Finance

>>51470020
>90-90-90 ruled
Lmao'd

>DAY TRADING: CASE STUDIES AND CONCLUSIONS R E P O R T prepared by the PERMANENT SUBCOMMITTEE ON INVESTIGATIONS of the COMMITTEE ON GOVERNMENTAL AFFAIRS UNITED STATES SENATE
>July 27, 2000.--Ordered to be printed

>Similarly, Mr. Bright, of Bright Trading, stated in a press
account that fewer than 10% of day traders will turn a profit
if the trader universe includes those who trade out of their
homes.\220\ Mr. Bright added that about two-thirds of traders
quit day trading during their first year.\221\ In response to
Subcommittee interrogatories, Direct Net Trading indicated
that, as of June 30, 1999, ``[a]pproximately 30-40% of total
traders at any one time are making money. Typically, less
experienced traders lose for three months and by the fourth
month they have either become successful or given up.'' \222\
In its training manual, Cornerstone stated that, ``[i]t's a
well known fact that somewhere between 70% and 90% of new
traders go bust or quit trading within 6 to 12 months of their
first trade.'' \223\

Enjoy your schizophrenic QT/QE cycles and low interest rate unwinding only insiders can front run.

>1.3
>1463.96

>>51423149
It's a bit early for hell to freeze over.

>>51291055
>>51291065
Go back to sleep. Nothing is happening but natural market forces.