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What percentage return do day traders make?
A frequently quoted day trader average return rate is 10 percent, but recall that the failure rate is about 95 percent. Moreover, as NYU’s 93 years of stock market return data illustrates, the average rate of return for the stock market historically has been 9.8 percent.
Can you make a living being a day trader?
The first thing to note is yes, making a living on day trading is a perfectly viable career, but it’s not necessarily easier or less work than a regular daytime job. The benefits are rather that you are your own boss, and can plan your work hours any way you want.
Is it possible to make a living as a day trader?
Nope. You may make the “standard” 10\% per year or so…but it’s pretty tough to make a living on a $30,000 account making 10\% a year. We Day traders need more. You may have heard 90\% or 95\% of traders lose money, or some other seemingly high statistic.
How much money do you need to start day trading?
Your capital is at risk. Most day traders save up cash to fund their trading and therefore usually start with $30,000 to $40,000+ for day trading stocks, $2000+ for forex day trading and $3500+ for day trading futures. To see the potential for day trading each market, read How Much Money Can I Make As a Day Trader.
What percentage of day traders lose money?
We Day traders need more. You may have heard 90\% or 95\% of traders lose money, or some other seemingly high statistic. From what I’ve personally seen, this is accurate.
How much do day traders risk per trade?
Day traders use risk management techniques such as stop/loss orders to protect their profits and minimize their losses. The best of them advise not to risk more than 1\% of your capital on each trade. For example, if you have a capital of $50,000, you should not spend more than $500 per trade.