Quote from stock777:
Do the math.
Thousands of Folks 1000x smarter than you doing the same analysis
These folks have 10000000x the bankroll you do
If there was anything to be found, they would have already found it, and reduced its profitability to much less than 20%.
this totally misses the reality. there are millions of stupid, greedy, delusional folks who trade and bankrupt each account, one after the another. there are 10,000s of traders who have TOO MUCH money (originated from oil business, gun traffic, drugs, etc) and they play with it like in the casino.
and there are thousands of "professional" firms , banks, funds who DON'T HAVE A CLUE about RISK.
Madoff, Societe Generale (Jerome Kerviel case). I repeat -- 100s of Billions of dollars are traded every day without any sane rules.
they actually use VaR to calculate risk! on top of that you have Nobel prize winners who trade like the most crazy gamblers (LTCM).
in financial markets, 80-90% of traders have less skills and brains than a monkey.
you just need to have enough common sense to filter all the garbage methods and focus on the strategies which have a chance of winning, while keeping your risk tight. i guarantee you, most of the folks will never learn how to do it. most of the folks will be burnt by emotions.