day trading sole proprietorship

[njr]

Not all loose money but the majority of them do

[BillyB]

I thought day traders always lose money. I would be interested to know if anyone consistently makes money by trading gains alone.

I'd estimate that 95-97% do. The ones that make a living from it have plenty of capital to burn through, very good brokers / contacts in the industry, and are very selective about which technology and market data to use.

[Wd40]

I thought day traders always lose money. I would be interested to know if anyone consistently makes money by trading gains alone.

I'd estimate that 95-97% do. The ones that make a living from it have plenty of capital to burn through, very good brokers / contacts in the industry, and are very selective about which technology and market data to use.

I would also imagine many among the remaining 3-5% are trading on some sort of insider information.

[BillyB]

I thought day traders always lose money. I would be interested to know if anyone consistently makes money by trading gains alone.

I'd estimate that 95-97% do. The ones that make a living from it have plenty of capital to burn through, very good brokers / contacts in the industry, and are very selective about which technology and market data to use.

I would also imagine many among the remaining 3-5% are trading on some sort of insider information.

That's what I was alluding to!

[njr]

This is a message for Zeke. Unfortunately the system won't let me send a PM to you...

Not yet, I am still looking into some other countries and what company models might be the most effective...