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82% of Retail Traders Lose: Secrets of the 1% Revealed

11/15/2025

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Story summary
  • A 2023 study analyzed over 25,000 retail traders and found 82% lost money.
  • Losses arise from poor risk-reward ratios, with average wins at +1.2% and losses at -2.8%.
  • Successful traders, the "1%," manage risk by cutting losses quickly and letting winners run.
  • They embrace discomfort and focus on high-quality trades rather than frequent ones.
  • Average traders are hindered by loss aversion, while the 1% view discomfort as a signal.