Quote from Ripley:
Considering that nowadays, only the smartest and brightest are entering the game... (off floor traders), I would contend that there would be a 70% winning rate.
I would contend that quite the opposite is true. The general public is getting involved, not just the best and brightest. This can be evidenced by the tremendous increase in exchange volumes. Technology and information has brought this about and has most likely increased the losing, not curbed it.

