Research show

4 out of 5 people lose money day trading

A day trader is defined as someone who buys and sells equities on the same trading day. According to studies, four out of five people lose money day trading, and just one out of every 100 people succeed enough to live off the profits. A day trader must live off his or her gains and risk their own money in order to make them. High transaction fees, like as brokerage, might eat away at the gains made by day traders.Long-term trading has its own set of drawbacks, such as inefficient capital management. A long term trade is a position that is kept for a lengthy period of time.