There's a significant amount of luck in trading. What keeps people trading is that almost everyone, especially "profitable traders" overestimate their actual edge.
I like what Sklansky said about poker: gambling with a positive expectation. I'd say gambling with a positive expectation for a few and gambling with a negative expectation for most.
I like what Sklansky said about poker: gambling with a positive expectation. I'd say gambling with a positive expectation for a few and gambling with a negative expectation for most.
