I was once asked this question by a young trader and I could not give a good answer. The only response I can give is based on my experience which is as follows; 1. I started in May00 with 15 other people, I am the only one left of that original group. 2. Months 1-5 I spent taking exams, making sure I passed on the first try. Months 6-18 I lost net $2.5K. Months 19-25 I have made $35K/$5k per month Is it luck or skill?