in an unofficial poll taken at a MENSA gathering only 3 out of 70 had made money in the markets. The other 67 consistently lost, I got this information from my father who is a member of MENSA, I am not
"Trading is not difficult" If you are finding it difficult and are consistently losing money, just switch to doing the exact opposite and now you will be making money.
to be successful at trading you have to get a tablet and start making notes on what to do and what not to do. then when you have so many rules you need a computer to keep up with them and prod you into action. when you have done this work you will make it if you become a servant of the method.
This probably surprises many, but it shouldn't. High IQ is not a requirement. May possibly be a detriment, in some cases.
This is very true, my father (high IQ, mensa member) wanted to trade but he could not understand some very basic indicators, he also has trouble w/ computer knowledge. Yet at the same time he can do some math that I find nearly impossible and has a great deal of knowledge of high finance. 6 or so months ago I was looking at the Bear Stearns website for jobs and came across a quote from a higher up stating while other investment Banks like to hire and promote MBA's they look for those who are: Poor, Smart, and have a desire to become rich. I also know Goldman Sachs looks for those with degrees in liberal arts, not necessarily finance or business.