AKE 0.00% $9.83 allkem limited

Ann: $85 million Capital Raising Completed, page-32

  1. 2,426 Posts.
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    sure of course you can get super lucky and make millions of dollars by trading stocks, but most probably if you do, you will become so confident in your super-capabilities of beating the market through technical analysis, that you will inevitably become too greedy and start taking bigger and bigger risks-bets until Mr market knocks you down when you the least expect it.

    to the best of my knowledge, long term (20years+) successful traders who continue to make money consistently, simply do not exist, they either go bankrupt in the middle of what initially seemed to be a successful career, or they simply choose a new career after being beaten so hard by mr market.

    For a brilliant description of what happens to traders, their initially super wealthy life and their inevitable doom, nicolas nassim talib works : fooled by randomness, or the black swan, are great references and highly commendable.
 
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