I know that most have heard this saying before. "90% of traders fail." It is given that most traders lose money. Anyone that has ever traded can see why. However, I think it is important to distinguish between traders and day traders. I would challenge that the statistics are different. If 90% of traders lose money, then I would venture to say 99.9% of day traders lose money. In other words, your chances of success are far lower as a day trader than as a swing trader or long term trader. All the scalpers and day traders lose far more money than people that hold positions overnight. Personally, I have found some success being profitable trading the daily chart. I would almost say it is easy. Of course it is not actually easy, but compared to my intraday track record, it definitely is. I find that with intra day trading, most of the traditional rules about trends etc. go out the window. Strong intraday trends are rare and when they do occur, they usually do in short bursts and turn around quickly. They don't trend the whole day in one direction typically, considering if they even trend at all that day. Ranging is far more common on an intra day level than on an overnight level. Signals and patterns are less reliable and profits evaporate as rapidly as they come. I think trend trading on an intra day level is a losing proposition. I believe it is possible to profit day trading, but not using the same rules as overnight trading or long term trading. What do you guys think?