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A few things... 1. The principle of "Keep doing what has worked and the market will eventually knock you on your ass". (Applies more to "theme" players than traders) IOW... "getting it right" is a "right now" kind of thing. We tend to think of star players in the "now" as truly star...

Balderdash!

Another example where "virtue signaling" got the opposite result from expected... you know, like Kathy Griffin.

Trading the markets is more-or-less a "zero sum game". For you to make money, you have to take it from somebody else. How to you do that? You don't need to be "Superman", but you do need to be smarter and more disciplined... enough so that you are in the "top half".

That's just F*n ignorant. ON IGNORE!!

You attack me because I called you out on something stupid that you said? The caps were for emphasis. I used to respect you as one of the successful traders and brains on ET. Now I have to wonder. (Not that you're likely to care, but take another "run at me" and you'll get on my ignore list...

Apparently... for the STUPID AND NAIVE! Otherwise, not. 100%, I reject this notion.

HOGWASH! Only a fool would accept such a notion.

Seems CA politicos don't understand, "running out of other people's money". (Not that they do in other states either.... CA just one of the most or the most egregious offender.)

Well, lemme make it simple... If you're going to "get your back up" with me, you need to come with some juice. Otherwise, "ON IGNORE!!

Please restate. This comes across as gibberish.

"Normal"? Shouldn't be. Only a noob or a fool would accept such... JMHO.

That's part of "trading, well done".

I say "no". Such presumes overall success... not a given. I believe trading is all about... trying to "make a good/high/extraordinary" return with best risk control. (Capital preservation is always more important than "return". IOW... if you're going to fail... do so on the side of capital...

At least if you're losing small bits at a time, you have the chance for the light to go on, "I'm doing something wrong" and to regroup, rethink. Hopefully you'd come to that conclusing before losing it all. Always protect capital. Live to fight another day.

Ain't that the truth! You know, like... "trading for fun and profit is easy".

I believe new traders don't understand what they're up against. The ES alone trades ~$20Bn/day. That's a lot of pie to get a piece of if you can. Big players with big resources and the best minds they can muster are driving much of that volume. And a new retail trader has some notion he can...

Prospective traders should learn about this before risking money in the markets. Should be part of their training and education. (I hope Xela doesn't mind me mentioning her... but much to her credit she had a LOT of instruction and a LOT of screen time before she traded real money.) Many/Most...

Seems a conventional wisdom about trading is that you have to (or are likely to) blow out your account a time or two as part of the learning experience. I say HOGWASH to that. Every trader's strategy should be, "if the market takes my money, it's going to be like being nibbled to death by ducks."

No. Chemist here. Heat does not "destroy" alcohol in a libation. To remove the alcohol from a liquid, you'd most likely have to "boil it off". Even then you'd remove only about 90% of it. Brewed coffee not hot enough to impact ethyl alcohol at all.