5 Stupid Wall Street Sayings

They might be common cliches, but that doesn't make them right

      View All  

‘The market is rigged’

trader charts 630 300x200 5 Stupid Wall Street SayingsThe market may be tricky, inconsistent, exhausting, unduly-influenced, erratic and unpredictable, but it’s not rigged.

That’s going to be a tough pill to swallow for a few traders who are convinced they’re on the wrong end of too many losing trades because someone is conspiring against them. But the sooner they can come to grips with the truth, the sooner they can come to grips with the real reason they’re struggling to stay afloat in the world of stock-picking.

In reality, most traders (and new traders in particular) lose because they actually believe this business is as simple as it appears when looking in from the outside. It’s not unlike the joyous, easy-winning picture the casinos paint when encouraging consumers to take a quick trip to Las Vegas.


Article printed from InvestorPlace Media, http://investorplace.com/2013/09/5-stupid-wall-street-sayings/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.