What would happen if we took a new trader, somebody with zero knowledge at all, and I give them I dunno, .01 Bitcoins for free, for them to get started trading with. What is that, about $200 worth?
But here is the experiment. The experiment is to have them ONLY read this Speculator forum and nothing else is allowed. They are not allowed to use any charts, not allowed to learn TA or FA. They would just rely upon being just another bozo on the bus here at this Speculators forum. So: all of their trades would have to be based upon what they read at this subforum alone.
What would the outcome be? Big lose? or Big win?
But here is the experiment. The experiment is to have them ONLY read this Speculator forum and nothing else is allowed. They are not allowed to use any charts, not allowed to learn TA or FA. They would just rely upon being just another bozo on the bus here at this Speculators forum. So: all of their trades would have to be based upon what they read at this subforum alone.
What would the outcome be? Big lose? or Big win?
they would probably lose it all in short order. if they use high leverage, they could lose it all in a day.
the prevailing wisdom is that 90-95%+ of all traders lose money. most people make a few losing trades and then quit forever. this would be no different---except this trader would have zero knowledge of TA or FA, thus they would be even worse off than average.