If you use stop losses then you are essentially gambling

vanzandt said:
If we're gonna quote Snoop, no post is complete w/o one from Dre. :sneaky:
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Hello vanzandt,

I can't think of a quote from Dre.

I personally don't like quotes because I do NOT like reading books and listening to already famous and rich people. The offer nothing.

The only quote I like is VERY simple per my name: Make alot of money every day/month/ year for the next X to 5 years max. And hurry up.

Big Thank you to @wxytrader
 
SimpleMeLike said:
I can't think of a quote from Dre.

I personally don't like quotes because I do NOT like reading books and listening to already famous and rich people. The offer nothing.
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Dre is not someone you "quote". He's someone who's lyrics you repeat.

I guess you do not know who he is.
 
semperfrosty said:
SML-Chasing that paper and slaying the haters! :D:D
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Good Morning semperfrosty,

That is right buddy. Chasing money, not taking no permanent long term trading losses, no losing money from savings account, Mastering the ES futures market, and NOT working hard, and damn sure not reading no trading books, or watching no trading youtube videos, no trading courses, not doing nothing BUT Clicking and making money.

Simple simple simple simple

ET forum website is the Holy Grail of trading.
 
SimpleMeLike said:
I personally don't like quotes because I do NOT like reading books and listening to already famous and rich people. The offer nothing.
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I only wrote that because "My mind on my money, my money on my mind. " is a Snoop lyric.
Must have got in your head without your knowledge.
 
Birds of a feather tend to flock together. People of no morals or ethics tend to cheer on other people of no morals or ethics.
 
ironchef said:
Some are true experts, true professionals and if you can differentiate between them and us pretenders, you will derive great benefits from hanging around.

I learned a lot by hanging around and am on my way to the other side.
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Yeah, one can definitely find some useful content here and there, but most are just bots.
 
Gambling isn’t taking loss.
It’s taking profit.

Livermore tells about bucket shops that limit your upside on any given trade, knowing the market provides easy money under specific conditions.

Those bastards won’t limit your downside.

Why ?

Because you can take all the profits you want,
But you’ll give it back 100% without taking loss.

That’s the problem of most people.

Casino would dream about offering 1:100 odds,
But none is willing to pay 100 upfront to get 1.

None, until price is getting against you.

Why are we willing to risk 10 just to BE ?
It doesn’t make any sense statistically.

No one would pay for this upfront.

Just saying that for most traders …
Las Vegas provides better odds of success.

The worst gamblers are making their own odds.
There’s no reglulation around your own bets.
 
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No, why, man. Stop loss is used not for gambling on the price fluctuations.
It's just a risk management tool used by traders, one can be fully convinced that the position will work out because the analysis has helped him. It's just a measure to confine deposit drain. And that is it.
If using stop loss means gambling, then what about take profit? It's also gambling? Can't agree with your opinion on this matter, sry. Stop loss is mandatory to use whatever skill level you have, it's a cool measure for risks mitigation and there is no other instrument.
 
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