June 01, 2007 –
There is only one true guarantee, and one true constant. The one thing that is guaranteed about the future of a stock is that it will most times perform irrationally than rationally. Because of this, a veteran trader is guaranteed to profit, and a rookie trader is guaranteed to lose profits. Only time and experience can allow one to have a complete grasp on what it takes to be a successful trader both from an intellectual and emotional standpoint. Whether you go LONG or SHORT, PUT or CALL , each and every move is the roll of a dice with two sides. Up & Down. History repeating itself is both probable and possible, but never guaranteed. Only irrationality . [more]
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