The basic reason 85% of investors lose money on a regular basis is that they confuse themselves with a minnow in a shoal trying to avoid a predator or a goose in a flock flying south for the winter. They want to be part of a herd so they are safe. Mathematically 51% of people investing in anything have to lose money because of friction in the trade consisting of the bid-ask spread and commissions. If you want to be part of the herd, you will just give your money away.
To truly understand the signals coming from the Commitment of Traders put out on most Fridays by the CFTC you need to rethink most of what you have been told because virtually no one looks at the COTs correctly.
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…also from Bob Moriarty: