Corollary 1

If most of the money that is lost in the markets is lost by traders who thought they knew which way the market was supposed to go, then most of the opportunity that is missed in the markets is missed by those who couldn’t possibly believe the market would go that expected distance — but in the opposite direction.

Corollary 2

If most of the money that is lost in the markets is lost by traders who thought they knew which way the market was supposed to go, then most of the money to be made in the markets is made at the places where most traders are proven wrong and stopped out.