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Asked a question 2 years ago

How many day traders are actually profitable?

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Which of the below 2 approaches would make you happier?

Option 1 : Your cup is half full.

Option 2 : Your cup is half empty.

I can answer your question that will justify any of the above 2 approaches to this, depends on what would make you more happier or what you are expecting to hear.

Or I can even tell you, If you are going to be a profitable trader or not, if you want to approach this question that way.

 

Jayesh,

Lot of people say that traders are never profitable. I think this is a Myth. I agree trading is not everyone's cup of tea, but if one follows proper discipline and stick to their strategy then for sure they will make good profits through trading. It is difficult to give a number as how many traders are profitable, but with my personal experience I can surely bet that traders make good profits. Some of the best traders who are profitable and whom I admire a lot are 

  1. Gorge Soros.
  2. Jim Rogers.
  3. Richard Dennis.
  4. Paul Tudor Jones. 
  5. Jim Simons

I will  also suggest if you get time do read Reminiscences of a Stock Operator, this book talk about Jesse Livermore's who was a great trader. Also, one of the most important books ever written on trading. 

Happy Trading and stay safe :-)