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To: lifeisgood who wrote (147515)1/31/2002 1:29:15 PM
From: benwood  Respond to of 436258
 
I couldn't agree more with your statement. Most gamblers lose-- I'd guess about 90%. It just so happens that is the same percentage as traders who lose all of their money over time.

What an appropriate and interesting observation...



To: lifeisgood who wrote (147515)1/31/2002 4:25:19 PM
From: LLCF  Read Replies (2) | Respond to of 436258
 
<I couldn't agree more with your statement. Most gamblers lose-- I'd guess about 90%. It just so happens that is the same percentage as traders who lose all of their money over time.>

WEll the other 10% must be all the banks, brokersage house mm's, exchange members, hedge funds, and CFZers etc I guess. :)

DAK


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