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All these stock trading books yet people still fail horribly

 
 
Reply Wed 29 Jun, 2005 09:20 am
Is it because the books are frauds and don't teach you anything? Or because people are either stupid, lack self-discipline or both? My dad's doing stocks, he's a "day trader" and he's failing miserably. Rolling Eyes He's been slowly losing his big sum of money since he quit his job a year ago. Despite having a pile of books on stock trading. He's also terrible at math. I guess he's not "with the times", I can imagine any idiot could've selected a random tech stock and made money during the dotcom times, but now it's probably not something you can do casually. Good thing I can stop worrying about that in 2 years.
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yitwail
 
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Reply Wed 29 Jun, 2005 12:04 pm
a pile of books is overkill, certainly. it's the same with touts at a racetrack; if they know how to pick winners, why don't they just do that, instead of selling tips? i just hope your dad is playing with money that he doesn't really need.
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