No. of Recommendations: 5
That study is fundamentally silly. All it shows, assuming that it shows anything, is that some people - perhaps most people - do not know how to trade.

From this you could take at least one of the following two courses of action:

(1) Stop trading.

(2) Learn how to trade, which means how to pick what to buy and how to know when to sell.

If you have ever been a lifeguard, as I have, you soon discover that the majority of people in the pool at any time are terrible swimmers. They are not likely to drown, since they can generally get from point A to point B safely (particularly when it is a swimming pool, and A is not that far from B). You might conclude from this that it is impossible for people to learn how to swim well. So swimming classes are pointless.

Nevertheless, the people who did attend swimming classes, and who practiced for some time in the pool, did usually get to be better swimmers. In fact, some of them became excellent swimmers, swimming a mile or more in laps every day. All it took was discipline, instruction, and practice.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.