do regular day traders perform better than occasional day traders?
= analysis indicates that regular day traders perform better than occasional day traders, though neither group is able to earn sufficient profits to cover transaction costs.
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do day traders with past profits subsequently outperform those with past losses?
= day traders who historically earned net profits continue to earn profits net of a reasonable accounting for transaction costs.
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* these are excerpts from research paper submitted by
Brad M. Barber (University of California) &
Yi-Tsung Lee & Yu-Jane Liu (National Chengchi University Taipei)
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