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Why Ambitious New Traders Think Like Founders but Are Priced Like Amateurs On paper, daytrading looks like the ultimate meritocracy. You need no degree, no recruiter, no boss: just a laptop, a broker account, and the willingness to click “buy” and “sell” faster and smarter than the crowd. The narrative is seductively entrepreneurial: outlearn everyone else, build a system, and compound your way to financial freedom. Yet when researchers look at the numbers, the picture is sta