Spot on and best answer IMO. 1. Traders are price takers not price makers 2. You can only make as much profit as the market will allow you to make on any given trade and that can end at any time after your entry signal occurs. 3. The strength of your logic will determine how much you get out of the market, not how well you predict.
In addition to all the elementary bad things it could do to traders which a trader should know, it also does this: Loss of opportunities.
Two worst things: to buy in a bear market, and to sell in a bull market. Starting today April 20th at 2:45PM, will the market be in a bear leg or in a bull leg?
YES, with slight editing: You can fool yourself You can cheat until you're blind It can happen to you It can happen to me It can happen to everyone eventually It's a constant fight A constant fight Black and white Who knows who's right No substitute you're born you're dead Look up - Look down Look out - Look around There's a crazy world outside We're not about to lose our profits It can happen to you It can happen to me It can happen to everyone eventually --------------------------- If you never heard it: