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Old 02-15-2007, 01:00 PM
KhurramNaik
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Re: 95% of Traders Lose: Is this Stat Misleading?

Well the thing is, so many natural phenomena fall into a power distribution, a few peopel do spectacularly well like George Soros. Traders have better tools than ever to trade. Jason Jankovsky, our analsyt was telling me when he started out there was no published data on most markets, you had to chart by hand. The question is, is this data being used better than ever? That is, have we seen an increase in productivity? I think the increase in productivity from the Internet and online services certainly fueled part of the stock boom (and bust, with overinvestment in telecom services). I don't really know.

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