CPA JOSS

Crowds can be wise, but also manic and delusional. An astute trader learns to differentiate between these two extremes. When there is diversity of opinion, the crowd is a force. The parts think independently, but private judgements combine to join as one powerfully wise collective. Unfortunately this intellectual juggernaught will not last forever. At some point diversity gives way to

If every trader is doing the same thing, how does anybody make money? Trading is a zero sum game. Somebody wins, somebody loses. And the split is not 50/50. It is more like 10/90. For those who are making significant percentage gains, it's more like 5/95. To the few victors goes most of the spoils. You do not want to be the "ninety-five". You want to be the "five". Do not follow the