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same can be said about just about anything, no? running marathons, startups, cooking a great dish... No one on WSB is saying its for everyone, thats why they ta
by glohbalrob 6y ago
same can be said about just about anything, no? running marathons, startups, cooking a great dish... No one on WSB is saying its for everyone, thats why they talk trash about themselves.
- deleted 6y ago[deleted]
- ausbah 6y agoyou can learn to run a marathon, cook, etc. with a much higher chance of success then something like trading stocks or to a less degree starting a business. the latter pursuits have a much more volatile environment that rewards luck > skill
- koheripbal 6y agoInvesting is not luck. It's luck if you make just one or two trades. In the long run, statistical iterations (that you have modeled/researched correctly) will give you positive returns with a very high confidence. Situations like in this post are obviously not that. I have a trading strategy that I execute over hundreds of trades per year based upon financial modeling and financial statement analysis. There's a little luck involved, but over many trades, the luck aspect cancels itself out. It's like rolling the dice. If you bet on getting a certain number, and roll once, it's luck. If you bet on averaging a certain number and roll 1000 times, there's virtually no luck at all.