ScienceHacker Noonabout 7 hours ago
Your First Year of Trading Is Probably a Donation
4 min read
A musician and systematic crypto trader lost about $8,000 during their first year trading starting in 2020 because panic selling transferred wealth to better positioned market participants instead of funding learning. A Brazilian study tracking 19,646 day traders found that 97% lost money while only 1.1% earned more than the minimum wage and no evidence showed anyone improved with practice over time.
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