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Day Trading

Swing Trading

 

“Day trading isn’t investing. It’s at best speculating. Most traders will lose all of their money.”

-- David Shellenberger

 

"Less than 1% of the total population of day traders is able to predictably and reliably earn positive abnormal returns net of fees."

-- Study

 

Buy-and-hold strategy beats market timing 99.8% of the time

-- Financial Analyst Journal

 

"No evidence that the profits to the technical trading rules we consider are greater than those that might be expected due to random data variation."

-- Finance professors at Massey University in New Zealand

 

"It's madness to think individual investors can beat the City's finest, armed with a laptop and a 30 day course on technical analysis. Hedge funds have all of these trades and more completely covered with complex algorithms and artificial intelligence that are well beyond a private investor's ken."

-- Business Insider

 

Is day-trading dead?

“For the home-based retail day trader, I would consider the occupation as dead.”

-- Damien Hoffman, Wall St. Cheat Sheet editor-in-chief

 

"When you step into the market with [institutional traders], it’s na├»ve to think you can make big money."

-- Damien Hoffman

 

"Only around 5% of retail traders make money as full-time day traders. The probability of success is slim."

-- Damien Hoffman

 

"70% of public traders will not only lose, but will almost certainly lose everything they invest."

-- All-Tech Investment Group

 

"Only 11.5% of public traders showed the ability to conduct profitable short-term trading."

-- All-Tech Investment Group

 

NOTES: Like the name implies, day trades last less than one day. Swing trades typically lasts 2 to 6 days, but sometimes as long as 2 weeks. Both are different than position trading which lasts for months to years. Market timing is a broader concept, often based on outlook of the market or economic conditions.

 

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