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Trader or Gambler?

snapdragon1970 (snapdragon1970)
Oct 26 2015 at 15:00
1944 posts
CrazyTrader posted:
So you got my point:
A chilly gambler are more chance to be successfull by gambling same bet each time.


Some people are more lucky for awhile then reality check kicks in,the gambler only thinks about the win,that's why they can't step away from the table until their wallet is empty.




"They mistook leverage with genius".
snapdragon1970 (snapdragon1970)
Oct 26 2015 at 15:10
1944 posts
togr posted:
CrazyTrader posted:
Does the following theory makes sens to you.

A pure gambler must have more chance to be successfull at trading rather than a wannabe trader!?.... why?

A wannabe trader lose 90% sure!... while the the odd is 50%

takes 100 people trading randomly market... 50% chance that 50% of them are successfull. while 100 randoms traders, we got 90% of loosers!

Hummm how come?


@CrazyTrader
You do not understand stats.
90% of retail traders fail.
It does not mean such trader lose 90% of their trades.
He can lose just 10% and has wrong trade size for example.



Stats 101 basics!

"They mistook leverage with genius".
CrazyTrader (CrazyTrader)
Oct 26 2015 at 15:28
1718 posts
snapdragon1970 posted:
CrazyTrader posted:
So you got my point:
A chilly gambler are more chance to be successfull by gambling same bet each time.


Some people are more lucky for awhile then reality check kicks in,the gambler only thinks about the win,that's why they can't step away from the table until their wallet is empty.


This is what we call a trader... 100% of wannabe traders have blown an account!

Statistics... there is no difference between a trader and a gambler.
A gambler get randoms bet thinking it is bearish or bullish... while a trader gets more deeply knowlegde (technical or fundamental)

At the end... the retail traders aren't better than a gambler that you don't want to be. but they both the same. Don't ego too much between traders or gambler... it's the same.

My crazy trades as gambler makes me better than a lot of traders who stick to stupid MM rules.


togr (togr)
Oct 26 2015 at 15:38
4862 posts
CrazyTrader posted:
snapdragon1970 posted:
CrazyTrader posted:
So you got my point:
A chilly gambler are more chance to be successfull by gambling same bet each time.


Some people are more lucky for awhile then reality check kicks in,the gambler only thinks about the win,that's why they can't step away from the table until their wallet is empty.


This is what we call a trader... 100% of wannabe traders have blown an account!

Statistics... there is no difference between a trader and a gambler.
A gambler get randoms bet thinking it is bearish or bullish... while a trader gets more deeply knowlegde (technical or fundamental)

At the end... the retail traders aren't better than a gambler that you don't want to be. but they both the same. Don't ego too much between traders or gambler... it's the same.

My crazy trades as gambler makes me better than a lot of traders who stick to stupid MM rules.


trading is not fun nor it is game
you know nothing

CrazyTrader (CrazyTrader)
Oct 26 2015 at 15:50
1718 posts
Lol
1 thing is sure... I know Forex better than you.
Let's ask the community.... It will be only judge: (I know you... again a challenge you can't take)
Let's see whose forecast market the best.... You have no chance... you know that!

togr (togr)
Oct 26 2015 at 15:57
4862 posts
CrazyTrader posted:
Lol
1 thing is sure... I know Forex better than you.
Let's ask the community.... It will be only judge: (I know you... again a challenge you can't take)
Let's see whose forecast market the best.... You have no chance... you know that!

Oh really? Show me your real verified profitable account
I have dozens of them:)

CrazyTrader (CrazyTrader)
Oct 26 2015 at 16:02
1718 posts
So you avoided the challenge..
You prefer to talk about live account... this is fine : )
I'm building my Fx Army... When it's ready, we will see whose making impressive pips... the crazy gambler or the wise trader ?

The battle is on!

kricka
Oct 26 2015 at 22:42
92 posts
CrazyTrader, so you think that RMM rules are stupid? Well if you loose $50.000 just because you did not use the appropriate protection of your trading account, how would you feel then? I bet you would revalidate RMM rules at that point! There is much to learn and to read about RMM that it will surely enhance any traders portfolio and knowledge by doing so. I would suggest that traders who would like more ideas on this so important subject, just google RMM Robot or rmmrobot, it will give advice for free! How to protect the trading account, regardless of what kind of trading platform the trader is using.

" Lock in the profit and minimize the draw down "
CrazyTrader (CrazyTrader)
Oct 26 2015 at 23:04
1718 posts
How many retail traders can manage to invest $50.000 or more?
Most of us have less than $5.000... I would say it represents over 90%.
So now that MM are so great... how come accounts blown out everyday all over the world?
Sticking to hedge funds rules is just inappropriate for low capital investment... That's my point of view.
Now I will show how to gamble market... making good profits with very low capital.

snapdragon1970 (snapdragon1970)
Oct 27 2015 at 06:57
1944 posts
If you want to be a Gambler be one,but some of us on here are trying to act in a Professional manner,the more we learn from each other the better for everyone.

"They mistook leverage with genius".
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