,
5 tweets,
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Now, this...
1/n
"We show that it is virtually impossible for an individual to day trade for a living, contrary to what course providers claim."
Source: papers.ssrn.com/sol3/papers.cf…
1/n
"We show that it is virtually impossible for an individual to day trade for a living, contrary to what course providers claim."
Source: papers.ssrn.com/sol3/papers.cf…
2/n
"We observe all individuals who began to day trade between 2013 and 2015 in the Brazilian equity futures market, the third in terms of volume in the world, and persisted for at least 300 days: 97% of them lost money, only 0.4% earned more than a bank teller (US$54 per day)"
"We observe all individuals who began to day trade between 2013 and 2015 in the Brazilian equity futures market, the third in terms of volume in the world, and persisted for at least 300 days: 97% of them lost money, only 0.4% earned more than a bank teller (US$54 per day)"
3/n
"The top individual earned only US$310 per day with great risk (a standard deviation of US$2,560)."
"The top individual earned only US$310 per day with great risk (a standard deviation of US$2,560)."
4/n
And this..
"Additionally, we find no evidence of learning by day trading."
And this..
"Additionally, we find no evidence of learning by day trading."
5/n
No broker will ever tell you this - not in India, not anywhere.
They have the data, but they won't tell you this.
They will share meaningless stuff instead.
No broker will ever tell you this - not in India, not anywhere.
They have the data, but they won't tell you this.
They will share meaningless stuff instead.
