Attention Robinhood power users: Most day traders lose money

As an algorithmic options day trader my strategy has over 65% profitability and and an average return of 7% a trade with over 33 trades a month, professional money managers aren't that profitable since they care more about building connections with wealthy clients in order to secure their cut of the money plus they usually make very conservative trades to mitigate risk since it's more important to preserve the clients wealth rather than try to build it and fail since they get paid by a percentage of assets under management rather than the return they get their clients.

lastly the really good traders I know don't work in firms and don't need to.

/r/investing Thread