Many stock “experts” swear that day trading is gambling because stocks are for the most part completely random (which I disagree with). If that’s so, then out of every person losing money, another person should be making money on average. But then I see data that the vast majority loses money. Even if stocks have any level of predictability, the numbers should be more in favor for the majority to make money.. right? Maybe I can argue that penny stocks are totally random, but I know that most people who trade penny stocks have stopped because of excessive loss. I read that 90% of traders lose money.
submitted by /u/iambluebeard
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June 08, 2017 at 05:44AM
from /u/iambluebeard
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