Luck plays an enormous role in trading success. Some people were lucky enough to be born smart, while others were even smarter and got born lucky.
Ed SeykotaFundamentals that you read about are typically useless as the market has already discounted the price, and I call them โfunny-mentalsโ. However, if you catch on early, before others believe, you might have valuable โsurprise-a-mentalsโ.
Ed SeykotaCharting is a little like surfing. You dont have to know a lot about the physics of tides, resonance, and fluid dynamics in order to catch a good wave. You just have to be able to sense when its happening and then have the drive to act at the right time.
Ed Seykota