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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (54308)	10/16/2004 12:33:44 PM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

>>As expected, the vast majority of what they called active traders (maybe 50 trades a year) did worse than any of the indexes, even in bull markets.<< Yes...do you remember how much more active SI was in the late 90s...how many more active members, higher post volume, etc. Where did 90% of SI's members go? They got their asses handed to them trading internet stocks and shot themselves or moved to Bend, Oregon to hide. This is the kind of information that is difficult for most people to absorb without learning it for themselves the hard way. >>Based on what has been posted on SI, many of the posters on this thread and the energy oriented Boom Boom Room Thread (sort of the successor to Strickly Drilling) have been able to do as well or better<< I suggest that what you are seeing is a sort of self-imposed survivorship bias. People happily report their doubles or 50% gains in a month, etc., etc., but are far less willing to report the 80% of their trades that are losers. It's not hard to get a double once in a while and the endorphins that that releases feel great. What is very difficult, however, is to repeat that double with every second or third trade, over and over, year after year. People who can do that are written about by Fortune magazine and are not themselves writing endless drivel on some rinky-dink bulletin board. And...do you really want to take investment advice from some moron that can not spell the word "strictly?"