Why Do Most Grain Traders Lose Money? from Jeff Watson

2017-02-16 · Contributor not identified
Original source

Here's an excellent and exhaustive study on the speculative habits of 9000 retail grain traders from the years 1922-1932. From the look of it, nothing has changed.

Comments

Michael C. Ng on March 13, 2017 1:03 pm

That’s an interesting study. One thing that stood out to me is that the commission rate was quite high back in those days. A speculator would need to have a large enough edge to overcome the odds.