Having a solid grasp of what happens in an individual market and then taking a punt and hoping for a bit of luck to fall your way is par for the course in trading/investing.

Everyone needs luck. 

But taking a punt when one does not understand the parameters of a market, much less any kind of grasp on what is happening within it, is relying completely on luck.

Sure, there are people out there who rely entirely on luck and walk away with mind-bogglingly large sums of money, but these are in the tiny minority.

We only hear of them because of the survivorship bias, and because we don’t hear of the countless many who blew up their trading accounts, our minds drastically reduce the probability we attach to such outcomes happening to us.

Obviously, this is very much to our detriment.

We just want to conclude this mini series by saying that, if you are thinking of jumping on the bandwagon that is the Reddit Silver Salvo, the question you should be asking yourself is not “How high can silver go?”, but, “How lucky do I feel?”