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Author: just1trader Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 39312  
Subject: Re: ETFs & options Date: 6/18/2013 5:29 PM
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Despite the poor performance of the average option trader, we do identify a small group of investors who consistently manage to outperform the others. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=965810

Lynn,

If you think you have a solid plan, and if you can afford the likely costs of the experiment, and if you know you have the discipline to set and adhere to performance benchmarks, then don't listen to the naysayers. Against the advice of the so-called conventional "wisdoms", I elbowed my way into a market in which Dalabr's 20-year studies clearly document most investors fail to achieve even 20% of the industry standard benchmark, and I came out a winner.

Investing/trading success has almost nothing to do with being "smarter", and nearly everything to do with persistence and discipline. The odds of your succeeding at anything in the investing/trading world are about 1 in 20. But are you scared by those odds, or intrigued? If you think you've got an edge --or can create one-- there's only one way to find out. Write a business plan, fund it, and then put your whole being into making it succeed.

Best wishes.
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