Absolutely @Mario, Everything in life is a gamble. In trading, you can risk a lot and get rewarded, or you can stay safe and get poor. I think what separates the successful traders from the unsuccessful ones is the ability to control risk.
marindateal posted: Absolutely @Mario, Everything in life is a gamble. In trading, you can risk a lot and get rewarded, or you can stay safe and get poor. I think what separates the successful traders from the unsuccessful ones is the ability to control risk.
that's right Risk & Exposure is everything! its the only things you can control, so why try to control somethings no one has control over,
my slogan is: Losing money professionally ;)
that does lead to profitability, but the average Instagram trader that want's to be rich in 3 days won't understand that.
I don't think intraday trading can be compared with gambling, as well as scalping can't be compared with gambling. The whole trading activity has some distinguishing traits, which help people to differ trading and gambling. Often, gambling just takes your money and it's almost impossible to give it back, because your emotions control you in these cases and you start lose and lose. The same thing can be in traing, nevertheless there are much more chances to bring your lost money back, because the mechanism of market price movement is clear. In gambling you rely on luck an no more, there are no strategies at all.
Garrian I agree with that analysis. I have never been able to go to a slot machine and have data to show me if I can win or not. Even if I rolled the dice at a crap table I still wouldn't have a clue whether I would win or lose. In trading my chances of winning a trade is all based on my knowledge of the markets, the news, the institutions, and my indicators. I trust my candlesticks and I trust my analysis. I am clueless when I go to gamble. I hope Mario decided to go get some education on trading.
One should not perceive the financial markets in terms of gambling because nobody has a chance to win forever, even with favorable bets. If you are not able to accept the losses, the financial market is not for you. Intraday trading is a business that requires not only the will to win but also the ability to make the right decision every time.