Analyzing the quote “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
There are three kinds of traders. Noobs, victims and real traders.
A noob is a gaming term that means someone who is new to the game, doesn’t understand it or doesn’t want to understand the game or price action. Also a synonym for a bad player. Someone who doesn’t have a clue what’s happening but likes the action.
The victims are people willing to learn and improve but are being drowned in the ocean of bulls#!t created by the trading industry. Noobs are in here as well.
Noobs and victims make up the majority of traders and most are oblivious of what the industry does. They eventually lose the war.
These people usually believe that it’s their own fault, that they are doing something wrong with the information that they’re given… This is the genius of the industry.
The real traders are those who find real knowledge. They keep looking for something else, something fundamentally different. Some are lucky and find it early, unlike me!