
Quote from Lojanica:
Seems to me that sellers are smarter than buyers as a general rule. All the pom pommers got pwned over and over. I like going long too but I notice when the market tanks it seems smarter folks emerge.
Quote from emg:
Doesn't matter. The reason is:
More than 90% of small traders lose. They just lose!
Quote from maler:
In emg's defense, there is one data point to support his claims.
Someone went through the disclosed SEC documents for TUCO.
What he found was close to the following.
Something like 90% of their traders lost money.
7% were close to break even.
2% were making a living and 1% were killing it (like millions
in pnl). What I would like to know is that the ones that
made it, were pulling money from the markets and not
by charging commision overrides on the other traders.