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re: Do brokerage firms have access to data showing the best day traders?

Posted on 8/1/20 at 3:06 pm to
Posted by Jag_Warrior
Virginia
Member since May 2015
4126 posts
Posted on 8/1/20 at 3:06 pm to
quote:

This is good advise for most but not true for everyone. A successful day trader can make 8-10X the average returns of the sp500...fact.


True. But they're called unicorns for a reason. Over the years, I've just not seen nor read about many who had consistent long term success.

The ones who come on here typically think that they can do it and do it well because they've scored some nice gains this year off Twitter hot tips, yet they don't know or have never heard of a Level 2 screen. I wish them well (I'd like to see everybody make money), but let's talk to them in five years.
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