How many contract users actually make money?

I have a friend who has been an executive at one of the three major CEXs for 22 years. He told me at the time that their data was 0.2%. That is, 998 out of a thousand people are idiots.

In the past, there were several times when fans questioned the authenticity of this data. For those who are more serious, this data may be lower than everyone's actual perception. This is because in the statistical sample, the impact of new users and old users on the data is different.

For example, for new users every year, it is assumed that the account above water accounts for 5%. However, for users who lost money in 2017, 2018, and 2019, as long as they do not recharge, this account will remain underwater. The bodies of new and old users are combined and counted as the total users of the platform, and the ratio of 998 is calculated.

Every year, new users will recharge again, and you know their results later. The underwater accounts are counted as 998 out of a thousand. The accounts above water in a year are likely to lose the money earned by luck by their own ability in three to five years. So I am not surprised that the data of 1,998 in 22 years has become 1/1000 or even 1/10,000 in 25 years.

The regulatory mechanism of traditional finance also has its merits in protecting ordinary people. Most ordinary people should not touch financial derivatives. Financial derivatives are designed to catch the human weaknesses of people who have not received professional training.