The information provided by SwipeTrader LLC (“we,” “us”, or “our”) on https://swipetrader.com (the “Site”)
Analysts on the Site and in the Discord chats and chats on the Site (collectively the “Chats”) experience with trading is not typical, nor is the experience of customers, users, or students featured in testimonials. They are experienced traders, and becoming an experienced trader takes hard work, dedication, and a significant amount of time.
Your results may differ materially from those expressed or utilized by the Site due to numerous factors. We do not track the typical performance or results of our current and past users, students, or customers. Our users can record their trades on the Site; however, those records are manual and cannot be relied upon to be accurate, and the Site does not calculate these records. As a provider of educational information, we do not have any access to our customers, users, or students’ personal brokerage or trading accounts. Furthermore, we do not have access to our customers, users, or students’ personal brokerage statements.
Available research data suggest that day trading is mostly not profitable. More so, most day traders are not profitable.
In a 2003 article published in the Financial Analysts Journal titled “The Profitability of Day Traders,” professors and researchers at the University of Texas found that out of 334 brokerage accounts day trading the U.S. markets between February of 1998 and October of 1999, only 35% of the accounts were profitable. Only 14% of the accounts generated profits greater than $10,000.
In a 2005 article published in the Journal of Applied Finance titled “The Profitability of Active Stock Traders,” researchers found that only 50% of 1,146 brokerage accounts trading the U.S. markets were profitable with an average net profit of $16,619 during the period of March 8, 2000, to June 13, 2000.
In a research paper published in 2014 titled “Do Day Traders Rationally Learn About Their Ability?,” 3.7 billion trades in the Taiwan Stock Exchange between 1992 and 2006 were studied by professors at the University of California. The professors found that predictably profitable day traders created only 9.81% of day trading volume. They also found that these predictably profitable day traders constitute less than 3% of all day traders on an average trading day.
These studies present how difficult it is to be profitable while day trading. Furthermore, these results showcase the challenge of determining a success rate for day traders as it varies. From these studies, one can infer that at least 50% of day traders will not be profitable. Day trading is extremely high risk and can result in the ENTIRE loss of your investment. Any trade or investment you make is at your own risk.
Any and all information discussed is for educational and informational purposes only and should not be considered financial, tax, legal, or investment advice. A referral to a stock, security, commodity, or property is not an indication to buy or sell that stock, security, commodity, or property.
Research cited in this Disclaimer:
Douglas J. Jordan & J. David Diltz (2003) The Profitability of Day Traders, Financial Analysts Journal, 59:6, 85-94, DOI: https://www.tandfonline.com/doi/abs/10.2469/faj.v59.n6.2578
Garvey, Ryan and Murphy, Anthony, The Profitability of Active Stock Traders. Journal of Applied Finance, Vol. 15, No. 2, Fall/Winter 2005. Available at SSRN: https://ssrn.com/abstract=908615
Barber, Brad & Lee, Yong-Ill & Liu, Yu-Jane & Odean, Terrance. (2014). Do Day Traders Rationally Learn About Their Ability?. SSRN Electronic Journal. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2535636
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TESTIMONIALS DISCLAIMER
The Site may contain testimonials by users of our products and/or services. These testimonials reflect the real-life experiences and opinions of such users. However, the experiences are personal to those particular users, and may not necessarily be representative of all users of our products and/or services. We do not claim, and you should not assume, that all users will have the same experiences. YOUR INDIVIDUAL RESULTS MAY VARY.
The testimonials on the Site are submitted in various forms such as text, audio and/or video, and are reviewed by us before being posted. They appear on the Site verbatim as given by the users, except for the correction of grammar or typing errors. Some testimonials may have been shortened for the sake of brevity where the full testimonial contained extraneous information not relevant to the general public.
The views and opinions contained in the testimonials belong solely to the individual user and do not reflect our views and opinions. We are not affiliated with users who provide testimonials, and users are not paid or otherwise compensated for their testimonials.