Newbie misconception about trading and Top Trader

One of the most successful traders, William Eckhart, is praised on Volstreet as a guru due to the fact that for 10 years he had a stable yield of 29% per annum, for a trader this is a simple feat. The same well-known Warren Buffett had a maximum yield of 27% per year.

Yes, it is true, by trading on the spot the profit is not too much, just like the previous example of 27 percent per annum.

Because in stable risk-free trading, the profitability is extremely low, and in order to survive on this small income, you need to collect a lot of money.

You can do 100% for a month, and I know how it is done and I did it myself, but there is no question of any stability with such risks, this is already a casino and if it does not stop in time, then the deposit will be drained at such a pace sooner or later.

According to statistics, 95% are drained and only 5% of traders remain in the black for a long time and these are just those whose profitability is at the level of Warren Buffett, about 25% per annum.

In the field of trading, you can sometimes rise, fall, and rise again, but I advise beginners not to have panic and understand the realities that exist in this field and that without understanding some business it is impossible to earn money on it. You have to learn before starting it.
 
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