Quote:
Originally Posted by rowan
I can think of one person, or let's say an entity, who would know. But only one. If he exists.
Every other financial expert is just throwing shit at the wall and high fiving themselves when they get something half right.
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experts and traders only have to be right 60% of the time to make massive profits...for the average person it is a coin toss, up or down are the only 2 directions the price can go...so the slightest advantage means a lot in such a scenario...also keep in mind that losses can be managed and that gains can sometimes be substantial, it is not like a roulette table where red or black gives you double or nothing...when a trade starts to go south a trader can get away with a tiny loss...
so yes traders and financial experts are often wrong...but they are right a bit more often...