In response to my comment that part of the reason we trade is the challenge of losing, one person commented, "Who wouldn't want to win 100% of the time?" But if this was your response, then I think you missed the point of my discussion. Yes, everyone would like to step into a situation in which you could never lose. But how long would you continue to regard it a challenge? How long would it hold your interest? Perhaps you are driven by money so you'd trade until you had a billion dollars...or even 100 billion. But at some point, you'd decide, "What's the point?"

It's the challenge of being the best that drives people. And if there is no challange, you 'd move on to some other endeavor that creates a challenge. I certainly wouldn't play poker if I won every hand. I'd find it boring. And if I made money on every trade, I'd probably trade enough to have a comfortable income and that's it...I'd find some other challenge.

In fact, I aleady play poker with a group of people at an entirely different skill level. So to keep it somewhat challenging, I basically tell them that I'll never bluff. And even then I still win most of the time and as a result, it doesn't have the same charge as when there is the possibility of losing everything on a given hand.

Think about it because what I'm talking about says a lot about the human condition.