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by ausbah
1963 days ago
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you can learn to run a marathon, cook, etc. with a much higher chance of success then something like trading stocks or to a less degree starting a business. the latter pursuits have a much more volatile environment that rewards luck > skill |
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In the long run, statistical iterations (that you have modeled/researched correctly) will give you positive returns with a very high confidence.
Situations like in this post are obviously not that. I have a trading strategy that I execute over hundreds of trades per year based upon financial modeling and financial statement analysis. There's a little luck involved, but over many trades, the luck aspect cancels itself out.
It's like rolling the dice. If you bet on getting a certain number, and roll once, it's luck. If you bet on averaging a certain number and roll 1000 times, there's virtually no luck at all.