In the News
Trading the World Away … the Rot at the Core of Markets
Sep 29, 2011 Brad M. Barber Is the Aggregate Investor Reluctant to Realise Losses? Evidence from Taiwan www.abc.net
Day traders generally trade too much and take too many risks.
This article cites a 2006 study led by Professor Brad Barber that analyzed the trading record for Taiwan’s stock exchange for four years in the 1990s. They found that, in a typical six-month period, “more than eight out of 10 day traders lose money” and that total losses were staggering: 2.2 percent of Taiwanese GDP annually.
