Jason Zweig from the WSJ, republished this article he wrote in 1999. It serves as a great reminder right now.
“When 90% of professional investors, with their M.B.A.s and powerful computers and multimillion-dollar research budgets, can’t beat the market, why should you believe anyone who says you can do it by day trading? (After all, the new information that comes to you over the Internet comes to the pros too.)”
There will always be the pull of tempting strategies that are “hot” at the moment, but history has proven that the hotter things get the worse people usually get burned.
The link to the full post is below: