jb, I enjoyed reading your post. It is a little confusing.......... JBTrade's post is absolutely clear and 100% true. Most people will never get it and that's the way it should be.
An interesting question to ponder (stated many times here before) If the guy writing the book had something that truly worked, that only he knew,,,, would he use it to make money in the markets --- or write a book about it
Just what this place needs, another know it all punk. I can't wait for the "I blew my whole account" thread to get posted.
Thanks for the responses, guys. It is a good question. Why would these guys try to make money on a book (what's the best case scenario for a "how-to" author? 2 million dollars?) when they could be trading? Take Curtis Faith, the most successful Turtle, who is now bankrupt. What isn't clear is if he just doesn't like trading (to his credit he didn't trade after the Turtle program ended), or if when the chips were down, he attempted to trade again and lost all his money, and THEN wrote his book because it was his last option. But I refuse to believe that there aren't at least a couple of books out there that have some good information.
In life, most people are not the sharpest. Its a sad fact. Just look at this sub-prime mortgage disaster. If most people were to use 5% of their brain, we would not be in this mess. Just like the saying, never get high on your own supply. Never buy something you cannot afford. Adults need to have CONTROL over their spending habits. The access to credit is way too easy now a days. Becoming a credit nation was not the best move for America.
I agree on both points, the latter especially. You can take the attitude that the market is always right; or, you can assume the market is the biggest "crowd" in the world, always right during the middle of the moves, and wrong at the turns. Maximizing profits is all about identifying when to fade and when to go with.
Is trading that hard? Or are people that stupid? Dammmmmmmmmmmmmn BOY'O - you are the stupid one (NOT "people - what people ???") - As you will some time in the future find out !!