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All moments › Why Most New Traders Fail (A 20-Year Pro Explains) | ft. Will Hunting

High win rates require few trades yearly; daily trading claims are statistically improbable.

From Why Most New Traders Fail (A 20-Year Pro Explains) | ft. Will Hunting · jumps to 48:11 · speech

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Um, if someone says that they have a 70, 80% win, win rate, right? Um, if someone's taking two or three trades a year, I might be inclined to believe them. If someone is taking 10 or 15 trades a day, I would be inclined to call bullshit on that, right? Because what they're saying is, hey, you know, I played heads, I played heads and tails a hundred times this week and I won 80 times. That's what they're telling you, right? Whereas someone plays heads or tails two or three times.
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