As long as those 90 % who didn't get their card don't give the impression they REALLY know how one should get a card... I don't take offense for that, I just say what I think, you are free to do the same.
I would like to see the account statements of all those TV guru's to see if they in fact trade the advice they advocate. I had a relative of mine, a stockbroker, who was telling his clients that it was a golden buy opportunity and at the same time , he was 100 % cash and stayed that for the next 3 months...
If I were an aspiring golfer trying to get my PGA card, I think I would be eager to learn from someone who had already tried, so I could learn from their mistakes.
Okay...I think I see where you're coming from. Your putting everyone in the same basket...honest and crooks, alike. No, I wouldn't want to take advice from a con-man, but I don't feel that the 90% that fail are all con-men.
Off course not, it is not a black and white thing, your chances just are better with the 10 % succesfull people...
Whether or not your chances are better with the 10% would be another argument. But, for now I was just talking about your earlier statement..."Quote...Just like 90% of traders lose money,I think we can say that 90% of those people talking about the market and pretending they have insights of value,are just that "Pretenders". Anyway, I've enjoyed the discussion. Have a great day!