We also control when we bet and how much we bet. With a card counting strategy black-jack can be beaten. We don't win every bet or every session but we give ourselves an edge that is profitable over the long run.
How long did it take you to realize that you were a gambler?
- Thread starter ElectricSavant
- Start date
If you're not gambling then trading must be a sure thing, right!
How come you're not a millionaire?
For many traders there's this stigma being associated with being called a gambler.
Strangely enough, the biggest resistance to terming trading as gambling have been ET daytraders.
There are two types of gamblers; compulsive and controlled.
Compulsive trading gamblers are those who need to trade continually and those who fit this category the most are ....... day traders.
Controlled trading gamblers are those who only strike when conditions are ideal, like disciplined methodical systematic position traders. A discretionary trader can be disciplined methodical systematic.
Day traders too can be disciplined methodical systematic but my suspicion is they day trade primarily for the action and they use large unfounded fears grounded in myth that it's dangerous to hold overnight.
These myths about danger in holding are their excuse for compulsive day trade gambling, like an itch, it continually needs attention.
Compulsive day trade gamblers trade because of addiction.
Strangely enough, the biggest resistance to terming trading as gambling have been ET daytraders.
There are two types of gamblers; compulsive and controlled.
Compulsive trading gamblers are those who need to trade continually and those who fit this category the most are ....... day traders.
Controlled trading gamblers are those who only strike when conditions are ideal, like disciplined methodical systematic position traders. A discretionary trader can be disciplined methodical systematic.
Day traders too can be disciplined methodical systematic but my suspicion is they day trade primarily for the action and they use large unfounded fears grounded in myth that it's dangerous to hold overnight.
These myths about danger in holding are their excuse for compulsive day trade gambling, like an itch, it continually needs attention.
Compulsive day trade gamblers trade because of addiction.
Another reason many traders lose money is because they deceive themselves, are deceptive.
If you lie to others you will lie to yourself.
If you lie, you cannot trade succesfully for long.
Trading will make you or break you.
It will make you by revealing to you your weakness, and deception is one such weakness.
If you lie to others you will lie to yourself.
If you lie, you cannot trade succesfully for long.
Trading will make you or break you.
It will make you by revealing to you your weakness, and deception is one such weakness.
It's been shown time and time again that retail day traders have odds stacked against them versus position traders.
Day retail traders push shit uphill and they know it is difficult, time consuming, picking up pennies yet they continue to do so.
Why? Because they are addicted gamblers in denial.
Day retail traders push shit uphill and they know it is difficult, time consuming, picking up pennies yet they continue to do so.
Why? Because they are addicted gamblers in denial.
There are many things in life that is not a sure thing. Is life a gamble?If you're not gambling then trading must be a sure thing, right!
How come you're not a millionaire?
There are those who are so sure that it was the right bet and they bet everything on it.
I found from bitter experience, the more I'm sure about a trade the more it seems to flop.
The best are those which seem iffy.
What is you definition of a gambler? When that is understood then I can more accurately respond.