Search results

Too true.

Good, I'm glad you enjoy the cold facts as well. I was using that figure as an example of an often quoted little bit of conventional wisdom concerning the failure rate of small businesses. Open an "How to start a business" book and you'll see some dire figure like that in the first couple of...

Thanks for the your conducive input. Personally, I haven't found trading to be that hard within the last several years. The hardest part when I started out 10 years ago, however, was my own ignorance and naivity. Once I took a step back and realized that I knew nothing and started from square...

Hey, jackass, I've been trading well for several years already. Read the previous posts. I'm not asking this to try to figure out if I want to trade or not, I'm asking this out of curiosity. I think it's dumb that people throw this quote around like gospel without ever really thinking about...

Amen!

Once again, that sort of evidence is anecdotal. I want cold, hard facts. Hell, I want these facts to be so cold that they'll make Margret Thatcher's nipples hard enough to pierce steel. I want a goddamn fact blizzard to come in and give conventional wisdom a bad case of hypothermia. To get...

Nice!:D

Fluttrader, thanks for pointing out that this issue has been discussed on here before. It seems that there are a few people on here who are just as frustrated with that stat as I am. Thanks again.

What is meant by losing money? It's like people getting answers wrong on an exam. Everyone gets answers incorrect on exams, but that doesn't mean that everyone gets every single answer incorrect or fails it. I'll be sure to look at the links, thanks!

Azure? :p

Supernaut, I got the number from the same hat that you got your numbers out of. And by "same hat" I mean "your ass". As to everyone else with something constructive, thanks for the reply. No, I'm not new to trading or looking to get started in trading. I trade and I trade quite well, thank...

How on Earth was this number determined? Is this a statistic representing traders over a certain time period (1975-1996, for example)? Is it update every year? Who determined this? Who qualifies as a "trader" for this statistic? What do they mean "lose money"? As in they were wrong once or...