80% of Day-Traders Lose Money

A recent study has found that 80% of all day-traders lose money. This is largely due to the fact that they are habitual over-active investors, turning over their portfolios excessively.

Moreover, day-traders may be sacrificing significantly more than money, as their mental and physical health may be compromised as well.

It would seem that when markets are reasonably efficient, buy-and-hold investors experience significantly better returns in every sense.