I’m not a regular in this space and don’t mean to discourage anyone, but I’m genuinely curious, do you believe it’s possible to make a sustainable living through day trading?
There’s a lot of evidence suggesting that most traders underperform the S&P 500 index. That makes me wonder if the small percentage who are profitable are simply benefiting from luck. For example, if 1.5 million people flip a coin 10 times, a few will naturally get 9–10 tails in a row, it looks impressive, but it’s still just chance. Could trading success work in a similar way?
I’m open to changing my perspective, but considering that massive firms with billions in resources and access to superior information are constantly competing in the market, it seems unlikely that individual traders can consistently outperform them.
What are your thoughts on this?