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  • Writer's pictureMatt DeLong

If only 2 out 10 day traders make money, why is it still popular?

The allure of clicking a few buttons and making $5k/day is very tempting — but only for the naive.

You are more likely to be broke after a year or two than consistently generating gains. Even if you are fortunate enough to learn it, understand risk management and make consistent gains, IRS is waiting for their 35–55% in taxes. It’s tough!

For those of us who have been doing it for years, we can’t possibly explain the extreme difficulty* in managing your mental state, staying disciplined, following your play, keeping emotions in check, and protecting your capital. Some of us like the challenge, others are in it because they think it will be easy or make them rich. Good luck! *95% FAILURE RATE!!!

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