I think your listening to the hype and taking things out of context. As an example: almost every single women that I date tells me that she is the best lover I will ever have. How can all of them be the best We all have our ego's but that should not take away from the fact that I would like to decide for myself whether or not she is a good lover or not ...
============= Jrkob; Thinking that also; more than 5% succeed, especially if you count investors/traders. And among those with some money management/ trend study; probably much, much more succeed.. It is not rocket science; yet i started like most new traders, with an amazing consistency of trading too big.......
Actually it was David Hannum: http://www.historybuff.com/library/refbarnum.html We certainly don't want any inaccuracies in this thread and now we know the rest of the story..... btw, you've got it correct, it is a scammers heaven out there.
And would it be correct to assume that the 5% of profitable traders devise their own methods and avoid the herd.. ? = Probably. And once they discover reality, theyd rather see their sister in a whorehouse than their brother bumbling along with some macd crossover system. At least one of the siblings would be consistently profitable.
Tell that to Spydertrader and many others who are making money, but hey, if that makes you feel better... no problem. It's quite evident that this thread was not started to discuss about 95% ..blalbla.. Nice try and by the way, never thought to get your own life, might be interesting.. Pathetic.