Eckhardt proposes that the tendency to do what is comfortable will actually lead most people to experience even worse than random results in the markets. In effect, he is saying that most people don’t lose simply because they lack the skill to do better than random but also because natural human traits entice them into behavioral patterns that will actually lead to worse than random results—a particularly compelling observation. If Eckhardt is right—and I believe he is—the critical implication is that our natural instincts will mislead us in trading. Therefore, the first step in succeeding as
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