The Market's Cruel Personality

The market absolutely loves to play with the emotions of new traders. One of the most common and favorite cruel jokes the market plays is making someone "think" they have it all figured out.... only to completely demoralize them by taking back all the money it gave the trader, and then some. One of the very tricky things about trading is whether your gains are coming from skill or luck. How can you tell? I go over this and more.