#11
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Re: Day trading %\'s ?
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Im not worried about my $$ [/ QUOTE ] If 10K is a small portion of your net worth, then chalk this up as diversifying into a high risk investment, and good luck. [ QUOTE ] He said 15% people can make $, I thought lower to 5%, but after reading this I dont even know if 5% possible. [/ QUOTE ] There are many successful traders. There are many more that try to daytrade and have no idea what they are getting themselves into, thus the often quoted 90% of daytraders go broke within the first year. If your friend has an idea of what he's getting into, is trading a profitable system, has a trading plan, understands that this is a job that requires long hours (9-4 in the market + alot of overtime for research/education) etc, then he has a much higher chance of success. You might suggest that your friend stop in here if he has questions, as Im sure the few full time traders that populate this forum would be happy to help him avoid many of the common mistakes that new traders make. |
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