To buy the book Frank Schilling and I have written, head on over to the stores below :) Amazon: www.amazon.com/Omnia-Vincit-Universe-Wants-You/dp/B0BKMV9VK9 Barnes & Noble: www.barnesandnoble.com/w/omnia-vincit-frank-schilling/1142564384?ean=2940166651587 Apple Books: books.apple.com/us/book/omnia-vincit-the-universe-wants-you-to-win/id6444029912 Kobo: www.kobo.com/ww/en/ebook/omnia-vincit-the-universe-wants-you-to-win
Lack of knowledge and decision making based on Emotions cause lot of retail investors to lost money , also over trading and poor risk management. Thanks for the video explained to the point in short time
Also the lack of anything even resembling an edge and many other factors unfortunately... when it comes to retail traders, that is. Retail investors are in a much better position to ultimately succeed because even if they are downright horribly unlucky when it comes to timing each and every time they buy something, chances are they will do ok in the long run if they maintain their habit of saving money and gradually acquiring desirable assets. Oh and most importantly, never trading. Ever.
Most people won't be professional athletes. Most people won't be successful business owners. Most people won't be anything. I would agree the 90% will never be consistently profitable traders. But for those people willing to put in the time, work and money, take the hard hits and learn and develop, they certainly can become profitable traders. Why would anyone bother to go through this? Huge financial gain. The truth is its possible and quite worth it but the 10% must be better than the 90%. Unfortunately with trading you could devote your life to it and still not make it. It's a zero sum game
This kind of leads us to the question I've asked when replying to another comment: given this very low likelihood of success and the amount of stress, work and so in involved... why do it? With all the possibilities of doing awesome stuff with your skills that exist, why settle for this activity?
Very important video and site. A 2020 study by Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? found out that 97% of day traders lost money as well.
@@Bold_and_not_bankrupt Never suggested 99.9% and to answer you most of the money is going to the exchanges and a small group of elite traders . You can get lucky in the short term but overtime you will tend to lose money when you account for fees/taxes/your time compared to just investing and not day trading .
They can, as in it's possible... but probably won't, as in it's highly improbable. With so many much better uses of your time, talents and energy, why this?
Not quite, because trading is a far more misunderstood topic. Look at it this way: if you go to your family's Thanksgiving dinner and tell your relatives you intent to go to Vegas so as to get rich and have a foolproof plan, they will tell you it's a bad idea and even that you should seek treatment. Tell them you will get rich through a brilliant "technical analysis" strategy instead and some will consider you a genius. Hope you get the point.
that what happens when people with no knowledge on trading, tell you that you should not trade because you have no knowledge. the ammount of money in crypto right now is around 4 trillion dollars. if it would go to 0.01% that means we will have at least one trillioner which so far we dont have. anyways by doing little bit of math i calculated: the people on earth, the money on earth, the money in crypto. the maximum amount that can go to 0.01% is around 450 billion$ which is also false. Coinbase is currently the largest crypto holders with 202Billion$ . anyways ill spare more calculations but in the end the money spreads 68% - 32%. yes more lose money to the rich and knowledgable. but 32% of the crypto market is a damn big number. and i trade myself , without extreme knowledge, i only use support and resistance and some more small indicatiors on 15 minutes time frame scalping. i wish i could say publicly my profits.
Take it from me i lost 1/4 Million AUD in crypto trading over 2017 bullrun till 2024. If i bought and hold BTC from the start I would be well over 1.2 Million now and not even had to do anything but buy and hold. And only BTC not all these other shitcoins!!!!!!!
To buy the book Frank Schilling and I have written, head on over to the stores below :)
Amazon: www.amazon.com/Omnia-Vincit-Universe-Wants-You/dp/B0BKMV9VK9
Barnes & Noble: www.barnesandnoble.com/w/omnia-vincit-frank-schilling/1142564384?ean=2940166651587
Apple Books: books.apple.com/us/book/omnia-vincit-the-universe-wants-you-to-win/id6444029912
Kobo: www.kobo.com/ww/en/ebook/omnia-vincit-the-universe-wants-you-to-win
Lack of knowledge and decision making based on Emotions cause lot of retail investors to lost money , also over trading and poor risk management. Thanks for the video explained to the point in short time
Also the lack of anything even resembling an edge and many other factors unfortunately... when it comes to retail traders, that is. Retail investors are in a much better position to ultimately succeed because even if they are downright horribly unlucky when it comes to timing each and every time they buy something, chances are they will do ok in the long run if they maintain their habit of saving money and gradually acquiring desirable assets. Oh and most importantly, never trading. Ever.
couldn't agree more
Most people won't be professional athletes. Most people won't be successful business owners. Most people won't be anything. I would agree the 90% will never be consistently profitable traders. But for those people willing to put in the time, work and money, take the hard hits and learn and develop, they certainly can become profitable traders. Why would anyone bother to go through this? Huge financial gain. The truth is its possible and quite worth it but the 10% must be better than the 90%. Unfortunately with trading you could devote your life to it and still not make it. It's a zero sum game
I would add to this, that brokers will advertise trading as simply and easy. It certainly is simple to execute trades. But not easy!!
This kind of leads us to the question I've asked when replying to another comment: given this very low likelihood of success and the amount of stress, work and so in involved... why do it?
With all the possibilities of doing awesome stuff with your skills that exist, why settle for this activity?
@@OneMinuteEconomics the truth is, not 90 or 97%. its 99.9% of traders lose money!!!
Very important video and site. A 2020 study by Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? found out that 97% of day traders lost money as well.
Thanks a lot for the support!
if true, where is that 99.9% of the money going? to the 0.01%? that just doesn't make sense, it's a 2 way market, up and down.... think about it
@@Bold_and_not_bankrupt Never suggested 99.9% and to answer you most of the money is going to the exchanges and a small group of elite traders . You can get lucky in the short term but overtime you will tend to lose money when you account for fees/taxes/your time compared to just investing and not day trading .
Risk Management and emotional control is what affects retail traders , If they master it they too can be profitable .
They can, as in it's possible... but probably won't, as in it's highly improbable. With so many much better uses of your time, talents and energy, why this?
This is like telling people not to go to Vegas.
Not quite, because trading is a far more misunderstood topic. Look at it this way: if you go to your family's Thanksgiving dinner and tell your relatives you intent to go to Vegas so as to get rich and have a foolproof plan, they will tell you it's a bad idea and even that you should seek treatment. Tell them you will get rich through a brilliant "technical analysis" strategy instead and some will consider you a genius. Hope you get the point.
Nice
Glad you like it!
if true, where is that 99.9% of the money going? to the 0.01%? that just doesn't make sense, it's a 2 way market, up and down.... think about it
that what happens when people with no knowledge on trading, tell you that you should not trade because you have no knowledge.
the ammount of money in crypto right now is around 4 trillion dollars.
if it would go to 0.01% that means we will have at least one trillioner which so far we dont have.
anyways by doing little bit of math i calculated:
the people on earth, the money on earth, the money in crypto.
the maximum amount that can go to 0.01% is around 450 billion$
which is also false.
Coinbase is currently the largest crypto holders with 202Billion$ .
anyways ill spare more calculations but in the end the money spreads 68% - 32%. yes more lose money to the rich and knowledgable.
but 32% of the crypto market is a damn big number. and i trade myself , without extreme knowledge, i only use support and resistance and some more small indicatiors on 15 minutes time frame scalping.
i wish i could say publicly my profits.
Take it from me i lost 1/4 Million AUD in crypto trading over 2017 bullrun till 2024. If i bought and hold BTC from the start I would be well over 1.2 Million now and not even had to do anything but buy and hold. And only BTC not all these other shitcoins!!!!!!!