On one of the bot community sites, a user posted a caveat to investors who think they cannot lose money. (The original was rewritten.)

It can be incredibly difficult to maintain discipline when experiencing a winning streak, especially in the world of trading. The allure of greater profits can lead to risky behavior, such as exceeding recommended position sizes. Unfortunately, as quickly as profits can soar, they can vanish with a significant market downturn.

The importance of risk management cannot be overstated. Starting with smaller position sizes and targeting modest but consistent returns is a more sustainable approach. If you’re determined to chase higher returns, remember only to use funds you can afford to lose. Remember, even a period of success can quickly turn into a devastating loss, so always prioritize protecting your capital.

Since this sounds very much like something I could have written, I encourage any traders who have had only “wins” to be mindful of the downside when their luck turns. As new wrinkles appear monthly, I modify my bot’s settings to attempt to prevent those issues from reappearing in the future. As with any “new” thing, you don’t intuitively begin with all necessary knowledge. You learn from your experiences.

Just like when you were growing up and your mom said, “Don’t put your hand on the stove.” They were just words until you burned yourself the first time. I continue to get burns. If I acquire enough knowledge and don’t get too greedy, I hope to have money left over when 90% of my learning is complete!