| Simple trading approaches notwithstanding, one of the most common truisms around the trading industry is the "failure rate of new day traders." Ask almost anyone and they will cite the 95% failure rate more quickly than a stop that’s too tight gets elected.
There are a number of reasons for this, but I think two drive the bus…
- the “true” failure rate and
- the difference in willingness to talk between those who find success in the markets and those who don’t
Read on to see just how wrong this whole notion is.
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