Once nice quote from the Blodget book:
QUOTE
Unfortunately, this is where the analogy ends. In the global financial markets, there are no special tables for beginners, hobbyists, and suckers. There is just one table, and, every time you sit down at it, you will be competing against the best players in the world. True, you will also be competing with tens of thousands of boneheads. But the majority of your competitors will be smart, experienced, well-trained, well-informed professionals who do little but play the game.
Is it possible for you to beat these players consistently? Yes. Is it likely? No.
Is it possible for you to beat these players consistently? Yes. Is it likely? No.
