Barber, Brad M.; Lee, Yi-Tsung; Liu, Yu-Jane; Odean, … - In: Journal of Financial Markets 18 (2014) C, pp. 1-24
traders by analyzing day traders in Taiwan from 1992 to 2006. We sort day traders based on their returns in year y and analyze … their performance in year y+1; the 500 top-ranked day traders go on to earn daily before-fee (after-fee) returns of 61.3 (37 ….9) bps per day; bottom-ranked day traders go on to earn daily before-fee (after-fee) returns of −11.5 (−28.9)bps per day …