Something came to me while browsing Amazon.com just now. There is a multitude of investment books out there promoting speculative trading, with titles similar to "How I made $1M in a month" or "The Top Penny Stock Strategies."
Reading these titles causes me to simply shake my head. These books are basically a "How to Win At Gambling" wrapped in a stock market cover page.
Let's humor ourselves and consider that those authors really did become rich through speculative trading, also known as gambling. Great for them - horrible for their readers. Gambling success relies on being at the right place, at the right time.
One cannot write a book after a big speculative trading win. It's like going to a casino, putting $100 in a slot, luckily winning the jackpot, then going write a book on how to replicate the jackpot winning.
You cannot duplicate luck.
Becoming successful in the market means investing on tangible fundamentals: a company's earnings or its assets. It does not mean risking all your money in an overpriced, overhyped biotech company on the notion that they may develop a revolutionary drug to cure all disease.
For every 1 successful gambler, there's thousands of unsuccessful gamblers that live their whole life paycheck to paycheck - all because they cannot grasp the notion that getting rich does not mean swinging for the fences with each pitch. Riches come from consistently smart trades over a period of time.