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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: brightness00 who wrote (41802)	3/19/2002 1:42:15 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

<<The "average investor" that you are referring to seldomly trade, and therefore their market stance is irrelevent.>. the average investor in my books by my definition is not a trader.They be, in general those that trust in Mutual Funds and 401ks, and try to keep the faith in something they don't understand nor were ever schooled to understand. I, in my community, know personally one minister ( a math major grad) and two MDs that got their butt battered severely the past two years. So, for me, the average investor is in no way a measure of the average investors overall intelligence. heck, Winston Churchill lost a fortune in the american stock market in 1929. <Based on "trade-weighted average," both in terms of frequency and size, I seriously doubt SI posters are better than average.> the majority of bulk big money traders that rule the market are playing with money NOT their own, they are employees, and a fair amount of online individual traders have taken what they learned on there own and turned it into a job "in house". The best traders "in house" are expected to perform at a 55% to 45% rate of successes over losses, while maximizing victories and minimizing defeats. Anyone who can turn a 55% success rate,with your wins making more per trade than your defeats per trade can stamp themselves as a pro. Regards SI directly, all i can say starting the week of 4/14/2000 we had a HUGE shakeout of traders on SI. I can at least say the savviness quotient has increased significantly since 4/14/2000 on SI . max