DislikedHere's one simple counterargument: Given the number of market participants and the amount and frequency of speculative market activity, it is statistically impossible that nobody is making significant and consistent returns from trading.Ignored
DislikedHowever, it is hard to make a case for "winning traders are merely lucky" when there are folk who have been making a consistent living at it, year after year. As Gary Player (the great South African golfer) once said, "the more I practise, the luckier I get". My experience is that this applies equally well to trading.Ignored
The more you practise a random outcome activity (trading).. results will be random...