According to a new research its impossible for an individual to day trade for a living

I am sure that this study has both confirmation and accurate figures and statistics, but on the other hand, I have an accurate belief that you can make money with different strategies and approaches, and you do not have to take great risks with your money. In fact, the percentage of those who earn in the market is not that small when compared to the figures of other business areas.
By painful experience I have learned that most traders lose because they do not play defense well enough to prevent big losses.
This can take many forms from not using stop losses to taking position that are too large to not having the patience to wait for the right market conditions.
There are definitely tradable moves to be taken advantage of, but to be profitable it's important to not lose.
It's a bit like flying - the main thing is not to crash.

Similar threads

Zerodha – Open Paperless Account

Open online account with Zerodha. Free delivery trading and Max Rs 20 for Intraday, F&O, Currency and Commodity Trading. Intraday High leverage with MIS, CO and BO.

Are you a day trader?