At The Close by L.A. Little
ARTICLE SYNOPSIS ...At The Close by L.A. Little
The Measure Of A Trader
What makes a successful trader?
IN 1973, Burton Malkiel published a book titled A Random Walk Down Wall Street, where he argued that asset prices typically exhibit signs of random walk behavior and that we cannot consistently outperform market averages.
Independent of the questions raised by this and subsequent works, the idea that should concern you is that it is impossible to consistently outperform the market averages. If that is true, then why are we all wasting our time? Further, is that really true?
HOW DO YOU MEASURE SUCCESS?