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Black Clover Trading LLC's past performance and testimonials are not indicative of future results and are not typical. Trading requires hard work and dedication, and results vary widely.
Most day traders are not profitable, as supported by studies:
- A study of 3.7 billion trades on the Taiwan Stock Exchange from 1992-2006 showed only 9.81% of volume came from profitable traders, who were less than 3% of all traders (Barber et al., 2014).
- Research on 1,146 U.S. brokerage accounts from March to June 2000 found only 50% were profitable, with an average net profit of $16,619 (Garvey & Murphy, 2005).
A study of 334 U.S. day traders between February 1998 and October 1999 showed only 35% were profitable, with just 14% earning over $10,000 (Jordan & Diltz, 2003).
These findings highlight the difficulty of achieving profitability in day trading, which is risky and could lead to the loss of your entire investment.
Information provided is for educational purposes only and is not investment advice. Refer to our full disclaimer for more details.
Citations:
- Barber et al., 2014: SSRN Electronic Journal
- Garvey & Murphy, 2005: Journal of Applied Finance
- Jordan & Diltz, 2003: Financial Analysts Journal
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