One day. Day one.

Anyone here to learn?? Things I have learned about trading (market speculation) in the past half century (I made my first futures market trade 50 years ago) 1. Blowing out accounts is easy - I blew up at least three times in the early years 2. I really have no clue what a given market is going to do even though I might be convinced I actually do know 3. Entering trades is really an unimportant part of trading. What I do with the trades I enter determine my fate. Novice traders place WAY too much importance on trade entry. 4. I've never developed a taste for humble pie despite partaking in many feasts 5. It is actually easy making money in the markets -- the real challenge is keeping it 6. Traders who claim they walk on water must be avoided at all costs 7. Rate-of-return is a meaningless performance measure designed to fool aspiring traders 8. The Sharpe ratio is a meaningless performance measure designed to provide cover for family offices 9. Most successful traders I've met over the years would agree that it takes 3 to 5 years to develop the skills necessary to consistently be profitable 10. The vast majority of novice/aspiring market speculators run out of money before they develop the skills to succeed 11. A very tiny proportion of wannabe market speculators (maybe 1%) hit it big right away and never blow up 12. Most market participants who make it big right away (like with crypto) end up giving it all back 13. Whenever you hear "This time it's different," please know that this time it isn't different 14. The biggest obstacle to trading success is SELF. Our negative character traits seek to sabotage us at every turn. Vincit qui se vincit 15. Risking anything more than 3-4% of trading capital on each futures market trade is a guaranteed recipe for eventual failure 16. Pyramiding based on unrealized profits is a snake that wants to bite you 17. The largest drawdowns belong to traders obsessed with picking bottoms and tops 18. If any young gun on Twitter shows a picture of themselves with a Lambo or inside a private jet, unfollow them immediately because they are a fraud Anyway that's all for now. Thank you for your time.