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Re: Curt D post# 102969

Wednesday, 07/10/2019 3:58:58 PM

Wednesday, July 10, 2019 3:58:58 PM

Post# of 186029
The overwhelming majority of traders lose their ass actively trading. They lose their ass going long in bubble markets, even. It doesn't matter what their educational, professional or trader education levels are. I know this for a fact because I have looked at the actual brokerage trading records at a couple of the leading active trading brokerages during the 90s tech boom.

One of the biggest losers of all time was an investment banker at a major Wall Street firm with, no doubt, impeccable educational and professional credentials.

That said, there are retailers that have made many millions of dollars actively trading stuff -- perhaps way fewer now than when the markets were far less efficient and one could see such craziness as crossed markets and virtually pure arbitrage.