Pretty much. The failed trader doesn't admit that the successful trader's success is possible not because he's obstinate; he doesn't admit it because he can't, for if he were to admit the possibility of the veracity of the successful trader's claims, he'd have to assume the responsibility for his own failure, whether because he has no consistently-profitable trading plan (assuming he knows how to put one together), he has one but can't follow it, he has no idea what he's looking at, he's so angry and frustrated that he literally cannot see (nothing is as angry and resentful as a failed trader), he has absolutely no idea whatsoever how markets work.
ND has said a number of times that you can provide someone with a detailed trading plan complete with all the necessary rules, provide dozens of chart examples to illustrate the concepts and rules, guide those through it who are having trouble understanding it, and yet few people will take the opportunity to learn something from it. Why? Largely because of what is contained in the first paragraph. The average person does not fully appreciate how debilitating it can be to be forced to admit that one has crapped away three or five or ten years of his life simply because he was too proud to (a) admit that he didn't know what he was doing and (b) seek help. One need only look at the number of traders who insisted on being long on down days and short on up days over the past week to see that few have any idea what's in front of them, whether it's a chart or a T&S display. And yet they keep pushing, laying down their bets for another spin. None of this has anything to do with ND.
Beginners -- even those who have been beginners for years -- are low-hanging fruit. They sign up for the trading rooms, they buy the courses and DVDs and software and "special" indicators, they attend the webinars, they trade tips from anonymous strangers in online chat rooms and yet nothing changes. They refuse to assume the responsibility for their own trading, eschewing the whole trading plan nonsense and going instead with their feelings, their "guts". One doesn't even need to pick their pockets; they're holding out their wallets, like supplicants, saying "here". They scour the trading forums and rooms looking for "calls" that will enable them, finally, to pull themselves out of the hole. But it doesn't work. Even when they get the call, they're too afraid to take it. And even if they somehow work up the courage to hit the Transmit button, what about tomorrow? And the next day? Are people like ND to provide RT calls every day, all day, day after day, for nothing? Really?
Grow up.
