Day-trading stocks for a living?
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Abstract
The number of individuals trying to day-trade for a living has been increasing worldwide. In this note, we study the performance of all 98,378 individuals who started to day-trade stocks in Brazil between 2013 and 2016. After analyzing all their daytrades in stocks from 2013 to 2018, we find that only 127 individuals presented an average daily gross profit higher than R$ 100 for more than 300 days.
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Long Paper
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