I believe the current trade I am in will be a loser ... a big loser at that.
let's look at my belief that the current trade I am in will be a loser, that I have no pact with God for
success on this trade. Indeed, I genuinely believe the market is not precisely perfect. Keep in mind the data
for this belief overwhelmingly supports it; 75 percent ofmutual fund managers do not outperform the Dow,
80 percent of short-term traders lose their risk capital. On a personal note, many of my own trades do not
make money, and I can positively guarantee many of yours will not succeed.
- Larry Williams