Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Are You Better Than Statistics? Why?

Are you better than statistics? Why? It's been shown the VAST VAST majority of day traders lose money, and for good reason. You're up against Ivy league students, trading robots with million dollar algorithms and trading teams that work all day to try and find patterns to profit from the markets.

One question that's very important to ask yourself AND to know the answer to is: Why am I better than the majority of day traders? What makes my trading approach more effective? If you don't have an answer to this, imo you are very much asking to lose money in the markets. Better for most would be to take a longer term approach or seek professional advice..