Welcome to the hardest game in the world.

[Henrik Ekenberg]

A Sobering Reality Check: The True Nature of the Trading Game

Unfortunately, you're playing with some of the sharpest, fastest, most intelligent, well-informed, stubbornly irrational, and in many cases, unethical minds in the world.

You're up against the computer that can react faster than you. The trader who has more experience than you. The fund that has more money than you. The insider that has more information than you. The others that will misinform you. The inner voice that will do its best to undo you.

So, leave all your dreams of making quick and easy money behind.

The First Aim is Survival 
Your absolute first goal is to learn how to stay in the game.

You can only do this by mapping the territory. By understanding how the enemy thinks and acts. By having a solid game plan. And by picking your battles very, very carefully.

Ready to Play? 
To survive and eventually thrive in this game, you need to shed any illusions of easy money. Instead, focus on building a foundation of knowledge, discipline, and strategy. This isn't just about making trades; it's about outlasting and outthinking some of the most formidable competitors you'll ever face. Are you ready to take on the challenge with the seriousness it demands? It's time to prepare, strategize, and execute with precision. The game is on.

[Henrik Ekenberg]

The Critical Need for Preparation in Speculation

Lawyers, doctors, engineers, and other professionals who achieve success spend anywhere from two to five years studying and preparing to practice their profession before they begin making any money.

Yet, men enter into speculation in Wall Street without any preparation. They have made no study of it whatsoever. They try to deal in something they know nothing about. Is it any wonder then that they lose?

The Pitfalls of Guesswork and Rumors 
Speculators and investors who simply guess, follow tips, rumors, newspaper talk, and so-called "inside information" have no chance of ever making a success. Without a solid foundation of knowledge and strategy, they are bound to fail.

The Importance of a Well-Defined Plan 
Unless they follow a well-defined plan based on Science and Supply and Demand, they are sure to lose. Success in speculation, like any profession, requires diligent study, preparation, and the application of sound principles.

Conclusion 
Entering the world of speculation without proper preparation is a recipe for failure. Just as professionals spend years honing their skills before seeing any returns, aspiring traders must invest time in learning, developing a strategy, and understanding the markets. Guesswork and following the crowd will not lead to success. Only those who approach trading with the seriousness it deserves, backed by a well-defined plan, will have a chance at achieving long-term success in the markets.