Truth About Day Trading

THE truth ABOUT DAY TRADING WHAT IS A DAY TRADER? Day Trading is the practice of speculation in securities, with frequent buying and selling of financial instruments (typically stocks) within the same day. DAY TRADER DEMOGRAPHICS 74% male 26% female $49,200 average yearly salary 38tr average age MISTAKES & LOSERS XXXXX 70% of day traders lose money The most common mistake traders make is entering a trade without a good plan. STICK WITH IT & GET TRAINING only 12% of day traders actually have the potential to make money long-term 1 mo. 2 mo. 3 mo. A study found that 25% of traders that started out losing money began to be profitable after a 3-5 month learning curve (with training). SOURCES 1. http://www.cbsnews.com/2100-18559_162-67937.html 2. http://www.fool.com//nvesting/general/2010/05/11/day-traders- dumber-than-ever.aspx#.T_iTSCtYVXY 3. http://www.bankrate.com/inancehnvesting/day-trading-mistakes-1.aspx 4. http://daytradersalary.org 5. http://investorhome.com/daytrade/profits.htm %24