"Why 90% of Traders Lose" by Nadeem Walayat

Doesn't apply to my present situation, but a great read from Nadeem Walayat about 1987 crash, TA, pundits and economists and all.
 http://www.marketoracle.co.uk/Article37116.html

"In my opinion, a high 90% of traders are destined to lose because they are in fact learning from / listening to the 90% of losing traders that preceded them, who following wipe out in the markets have gone on to focus on writing about market price action and methodology with an even greater concentration observed to occur in the mainstream press as account busted traders / investors turn failure to trade into full time media careers and thus perpetuate a continuous cycle of failing traders guiding new traders towards similar failure. "

Thanks Nadeem