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In the race to trading the markets we come across 3 types of idiots. Read it and try to avoid these laggards.

Idiot 1: The True Believer. 

Everyone has come across this category of idiot in the market. For me, I have met several of them. They are the one's who have figured out the only answer to the market. It is in the form of some astrological and mathematical scheme, and of course for them it's a HIDDEN SECRET

Such people always run after you to share their discoveries, claiming it to be the only key that can unlock market mysteries. A survey shows that around 80-90%of true believers are generally True Bears. They always try to predict a crash in the markets; when the market just rallies to prove them wrong. Such people finally have to believe that it was all a waste of time and money that their belief brought for them; meanwhile the Sensex has grown 10 times in the last decade.

Idiot 2: Self Promotes.

They are the most common and popular idiots. By their typical nature, they laud recent market calls and promise trading success. Such people are generally new at the markets. They read some setups and patterns and that's it for them. They can now batter all challenges.

Self promotes do not have concrete idea or method. They just have a baseless belief of making money in the markets. These include those "Financial Guru's" who give you lots of call but never try to keep a check on their setups.

 They never appreciate the complexities of market. What is more surprising is that such people DO NOT TRADE, instead they deceive others into trading; just to sell well.

Idiot 3: Gambler.

"I won't work, I'll trade because i don't like working 10 to 6." is the attitude of a Gambler. If you analyse his statement, he is not into trading because he has had success at it. Nor he is giving up his job because he loves his trading and researching day and night he has found a Wining Edge. It's just that they need easy riches. Inspired by self promotes they feel "If he can why can't I?". And in the process take their family and bank a/c down with them.

So here is an entire gallery of idiots for you. you can easily recognize them within minutes of their opening their mouths. Do not toss them lightly, hurt them hard with tremendous force.