Thursday, April 27, 2017 8:33:27 PM
The old formula was harder...
Two trains leave different cities heading toward each other at different speeds. When and where do they meet?
Train A, traveling 70 miles per hour (mph), leaves Westford heading toward Eastford, 260 miles away. At the same time Train B, traveling 60 mph, leaves Eastford heading toward Westford. When do the two trains meet? How far from each city do they meet?
Why do 99% of day traders lose money?
They trade on a fundamental misconception about the nature of stock prices, namely that they are somehow persistent and predictable.
In other words, they pattern trade until they lose money. 99%.
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