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Look at the 10-k filings of companies. Lot's of people beat the market and hedge funds in particular. The thing is it's a hard skill to attain. Day trading is probably not the best, but the study should have focused on Full-Time trading. If you trade reversal/swing it's definitely possible to beat the market.

Just this year, I am at 35% returns, however, September is not in my calculation and this month was probably the most profitable so I should be around 50% at the end of the month if not higher (and this is a bad year.) Also the market has been choppy lately, the last few months so harder to lock in gains.



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