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A comment on Almost 80% of Private Day Traders Lose Money. Parent comment

Re:Almost 80% of Private Day Traders Lose Money by goodcanadian on Monday August 22, 2016 @10:24AM (#12336514)
Warren Buffett is not a day trader. To paraphrase, "My favourite holding period is forever."

He is a good data point to demonstrate that long term investors can beat the indices. Most don't, however, and it is my understanding that day trading is even worse. Just as there are professional poker players that can consistently make money, I'm sure there are some day traders that do very well, but it is not a skill that most people have.

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Re:Almost 80% of Private Day Traders Lose Money by emodendroket on Monday August 22, 2016 @11:15AM (#12336881)
He is also typically actively involved in companies he invests in, which sets him apart from somebody sitting around on e-Trade in a pretty big way.
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