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> my best friend being a consistently profitable trader He may have discover a relatively unknown niche than he can exploit, or he is plain lucky. The question
by dennis_jeeves2 2y ago
> my best friend being a consistently profitable trader
He may have discover a relatively unknown niche than he can exploit, or he is plain lucky. The question is: are you confident that you can replicate his success. For most people that I'm aware of the answer is often 'no'. Most people loose money and will rarely talk about it.
- _benj 2y agoI mean, one wouldn’t attempt something unless one had some measure believe in oneself’s chances. If people attempt stuff they know they will fail… Idk how they do that
- dennis_jeeves2 2y agoWhat I mean is that often people think they have a formula that works, because it appears to pass all tests including back testing. But what I've gleaned generally happens, is that in due course of time ,is that the formula stops working. So it's only in hindsight that they realize that they were not correct. On to your point - yes of course people will (and should) attempt things that they believe might work. There is no way to have a crystal ball. All I'm trying to say that consistent success appears very rare when it come to the stock market from what I've heard. The only consistent success in the stock market that I'm aware of, when it come to ordinary mortals is through insider trading etc. which is not an option for most of us.