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Day Trader Skill and Profitability in Taiwan by Robert Walstra is a document available to read on EtoBox.
What is Day Trader Skill and Profitability in Taiwan about?
1) The study analyzes the performance of day traders in Taiwan from 1992 to 2006 and finds large differences in the returns earned by top-performing versus bottom-performing day traders. 2) The top 500 day traders from the prior year ("top-ranked") go on to earn average daily before-fee returns of 49.5 bps and after-fee returns of 28.1 bps, while bottom-ranked day traders earn -17.5 bps and -34.2 bps respectively, a spread of over 60 bps per day. 3) Only about 1,000 day traders out of 360,000 annual day tr
- Author
- Robert Walstra
- Language
- EN