Day traders in Brazil study may have done better with 9-to-5 jobs


Photographer: Stuart Westmoreland / Corbis Documentary via RF Getty Image

Thinking of packing all this from a commission free brokerage account to career trading stocks? Recent research says good luck with this.

Brazilian academics looked at people making short-term trades in iBovespa contracts and found that of 1,551 retail traders, only 1.1% posted higher average net returns over a year than Brazil’s minimum wage. About 0.5% of traders, who were tracked for 300 sessions, earned more than the average Brazilian bank teller.

Study which Tie up with another At the conclusion Inattention to market timing focuses on trade at the time and place from Robinhood’s craze – futures trading by Brazilian individuals, as opposed to stock picking in the US, though its authors say That gist can have wide applications. Written by Fernando Chag and Bruno Giovannetti of the Sao Paulo School of Economics and Rodrigo De-Loso of the University of Sao Paulo The paper stated that “day trading is impossible for individuals to live.”

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