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> There are traders who demonstrate skill, by consistently making profits

With a large enough group consistently making profits would not necessarily be a demonstration of skill. Even if the returns were completely random several traders would constantly perform well above average.

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This is why this game is so dangerous. Also self reporting introduces bias too (biggest winners likely to report, everyone else not so much).

To be fair, I think WSB bucks this trend a little. People report the huge losses there, and it's part of what makes it so interesting.

In fact, I would argue that the most well-known posts are often from people losing huge amounts of money, eg. "Guh".

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