Why do newbies lose?

I studied them all: Hull, McMillan, Bennett, Sinclair, Walczak... but the one that was really helpful, for me, was Taleb.

Taleb is one author that did have a good trading track record.

 

Here's the thing...You bought one trading program. You believe the guy...I get it.

Could he be wrong?? If his system was go great, why would he need to sell it to you?? Why not keep that great insight for himself...Make bundles.

So he wants to bless you...Give back to the world, pay it forward.

 

lol ask someone at Paloma about his "record" in the early 00s.

 

You beat me to it.

Smart people know that success leaves clues.

All mentioned were and are voracious readers.

 

Agree.

SML is an important cautionary tale.

 

What have you paid forward?

 

Good Morning semperfrosty,

Everything I typed above.

 

@deaddog, thanks for the video. He summarizes it well. But all books and videos said that. The devil is in the details.

I lost $ day trading because the processes are so counter intuitive for an investor. An investor needs strong convictions and cutting losses is very hard for someone with a strong conviction.

 

Topic retitled to: Why does SML lose?

I say, why ask why?

Its plainly obvious and leave it at that.

 

Here is the real question..I believe SML comes in every day and presses the Buy/Sell Button 50 -100x per day..If so,we should have a decent sample size. SML kindly admits he is a loser so far.
One would have to guesstimate, if he did the exact opposite of his belief system,he would be profitable.

Yet he "presses" on