You Can Have 20 Years of Trading Experience and Still Be Blind to Market History
You can have 15 or 20 years of trading experience and still have spent your entire career inside one secular bull market.
You did not trade through 2008. You did not trade the dot-com collapse. You did not experience many of the bubbles, crashes, and violent market periods that came before.
That should humble every trader.
Even I almost fell for the idea that today’s leaders, with their huge price moves and high ADRs, were somehow different from the past.
They are not.
Pull up Qualcomm from 1999 and early 2000. The volatility was just as extreme, if not more.
That is why William O’Neil’s work remains so foundational.
The tickers change. The market does not, because human nature does not.
