When Day Traders Do Well, It’s Probably Just Luck

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'For most investors, deviations from an index fund are essentially all luck,' says one professor. 'They may just not know it.'

There’s little doubt that day trading has mushroomed in popularity in recent months, or that some day traders have produced extraordinary profits.

According to statisticians, however, there’s also little doubt that most of these day traders’ good performance is due to luck. They essentially would have just as good a chance of success going to the casino.

 

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Stocks always go up!

What a garbage article.

Fund managers sweating as they realise a bunch of teenagers watching streams can outperform their 'expert stock picks'

Academic, elitist mindset. Justifying his superiority complex. Supporting the ‘caste’ system - if one is not in my group, he is invalid.

So buying AMZN in March (with the lockdowns happening) instead of the SPY was luck?

I love this. Any success you have over my preferred method of investing is luck.

System is rigged, short-term. Patience is a virtue.

Those who can do, those who can't teach.

Yh og^0 , ¥87!o &^*!&^6 John ih YHn7 %;UK

stoolpresidente you gonna take this?

The usual monkey hypothesis, probably more often true than not

Have you forgotten '911', 'Pearl Harbor'? Now more than 100 times, 1000 times, 10,000 times, '911', 'Pearl Harbor' are hitting the United States and the whole world. Wake up!

JUST BUY CALLS

And when you buy BTC $700 while the FAKE NEWS call it a scam and now its worth 11k... how is it called?

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