You're absolutely right. And I know it. Unfortunately, I work in finance for 25 years, although in IT, and am a habitual gambler. Something you cannot overcome and frankly has made my life book worthy with ups and downs.
Any of my comments do not reflect any desire for anybody to do poorly or lose at my expense. I'm in Florida because I lost $5mill and my condo in NYC durin the 2008 crash and had to start at a point lower than before college.
However, I can't ignore a good debate or analysis. I actually hope to add good commentary.
In the end all I can say to anybody interested in envesting is put it in a mutual fund for day one and don't even look at it.
Just to be a good sport even if I lose $40K this week in MA I'll be glad to know others will be doing well. Probably will just pullback a little anyway.