I just started posting on ET and have never traded in my life. I've only recently started studying how to trade. A lot of people on this board talk about how hard trading is. But as I look around at some of these threads, many of these traders seem like morons. They did no homework when it comes to trading, jump in the waters too early, bet way too much of their capital on single buys, don't seem to know even the most basic of practices/rules. And a lot of them seem to come from gambling backgrounds - which pretty much assures that they'll self-destruct. It seems like if you're smart, do a ton of research studying (for 1 or 2 years), play conservatively, don't get greedy, stick by your plan, etc., that it's not very hard to be good at this game. What do you think? Also, how big of a percentage are these people in the trading world? I've been told that in order to succeed you need to be better than 95% of the traders out there. But if these people constitute 50% of all traders, then I only have to be better than 45%.