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Not really. Quite a few don't. It's much harder, on average, to make consistent returns trading actively than investing passively in the market as a whole thoug

Not really. Quite a few don't. It's much harder, on average, to make consistent returns trading actively than investing passively in the market as a whole though.

FabHK 4y ago
So how do you identify whether it is luck or not? Quite a few people win in the casino.
- marvin 4y ago
  I postulate that it's practically equivalent to determine whether someone succeeds through luck or skill, and actually succeeding through skill. And also that succeeding through skill is possible.
TameAntelope 4y ago
The vast majority do. Day trading is gambling, period. Obviously some people luck out, but there is no way to repeat that success.
- chewz 4y ago
  How about Tiger Global [1] the elite of the elite of hedge funds, smartest of the smartest and most sophisticated quant strategies lossing 50 pct. of capital in weeks? Or Bill Ackman [2] buying Netflix blind, without a moment of analysis and selling in panic loosing 400 mln $ over threee months. Day traders, even of small, retail kind, could have wild drawdowns but they are usualy OK in longer horizon. The times are getting interesting and we will see a lot of "smart", "long term" money managers humbled by the market. [1] https://www.ft.com/content/caa49a44-18a3-4e51-9dfb-aad61767fe25 https://www.ft.com/content/caa49a44-18a3-4e51-9dfb-aad61767f... [2] https://www.ft.com/content/47694fa4-2a4d-489d-b87b-65a3a91d178f https://www.ft.com/content/47694fa4-2a4d-489d-b87b-65a3a91d1...
  - TameAntelope 4y ago
    > but they are usualy OK in longer horizon. This is not true.