lol @ bolded part
Sounds about right. I doubt that more than 5% of the people trading make money. Probably way less.
It's like a casino. You see 100's of people who look like they know what they are doing but only a few go home with profit.
The thing is they just go back over and over again. Thinking this time they will make money but they just keep losing. The one time they win some they instantly forget that they lost the last 10 times. So they go on and lose whatever little profit they had again.
Watching these pumps and dumps every day i noticed it's exactly the same. Just a lot of losers. The result of being stupid. And i kinda enjoy watching it. I don't feel sorry for them. I've been there, i lost, and got the hint.
The whales who lead the pump and dumps make money. The small guys trying to follow it with 10 coins end up losing them eventually. Money makes money. No money means you need to start working. Not gambling.