Work

The Profitability of Day Traders

Year: 2003

Type: article

Abstract: We used two distinct methodologies to examine the profitability of a sample of U.S. day traders. The results show that about twice as many day traders lose money as make money. Approximately 20 percent of sample day traders were more than marginally profitable. We found evidence that day-trader profitability is related to movements in the Nasdaq Composite Index.

Source: Financial Analysts Journal

DOI: 10.2469/faj.v59.n6.2578

Authors: Douglas J. Jordan, J. David Diltz

Institutions: Sonoma State University, The University of Texas at Arlington

Language: English

Topic: Financial Markets and Investment Strategies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2113604236

FWCI: 2.752

Cites: 7

Cited by: 88

Related to: 10