Is learning the trading business like learning any other business?

Quote from tripleE:

It's easy to shoot a fish in the barrel, but it's very difficult to find a barrel with fish.
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I believe the barrel with the fish will come to me. I just got to have the patience to wait for it, which I think will be the toughest part.

I also need guts to get the firearms. I think it's illegal where I am at.

PA
 
Quote from tripleE:

It's easy to shoot a fish in the barrel, but it's very difficult to find a barrel with fish.
More...

The barrel is not that hard to find, it's just that most are looking in the wrong place and listening to the wrong people.

PA, don't simply wait to long for the solution, nothing good comes without effort!

Regards

Johno
 
Quote from Joe Ross:

The importance of how you learn the business of trading cannot be minimized because of the factors that determine your success or failure. Learning the business of trading is basically no different from learning any other business. Winning means learning major guidelines and concepts that you repeat so often in your own behavior that they become good habits. These good habits then become automatic behavior patterns, which are formed as brain pathways by the rewards you get for trading well and the punishment you receive from trading poorly. When you associate yourself with other traders, try to associate with those who are building their personal net worth, not just talking about it. True success is silent. Try not to do something just because everyone else is doing it. Successful traders are rare. If the crowd is doing it, watch out!
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Partly true but no. You run a business to satisfy your customers or clients, but in trading business, you don't have clients or customers to satisfy with. Only the market and its probabilities.
 
Quote from rachid136:

i feel disgusted when people associate trading with gambling. get over yourselves, IT IS NOT A GAME OF LUCK.
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Perhaps you should get over your misconception of the term "gambling". Unless you are trading with certainty, you are gambling. Gambling does not necessitate lack of an edge as casinos are gambling themselves.
 
I for one agree with you 100%. Trading for yourself is
risk taking and risk and money management, and to some extent gambling. Trading cannot be lumped into any business cat. unless of course you are a broker working from home and take some positions from time to time....
just my two cents.
Disclaimer: I have been in several businesses including brokering and trading for over 30 years....
Quote from Mr J:

Perhaps you should get over your misconception of the term "gambling". Unless you are trading with certainty, you are gambling. Gambling does not necessitate lack of an edge as casinos are gambling themselves.
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Quote from loza:

I for one agree with you 100%. Trading for yourself is
risk taking and risk and money management, and to some extent gambling. Trading cannot be lumped into any business cat. unless of course you are a broker working from home and take some positions from time to time....
just my two cents.
Disclaimer: I have been in several businesses including brokering and trading for over 30 years....
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The basic difference is that the trader always controls the loss and /or profit once the trade is placed...in casinos the gambler has no options....ok...other than double down in blackjack!!
 
This is not true, the gambling or trading "systems" that are worth anything are all "money management", even in poker....
You can control your losses in the casino, do not take credit cards only cash :), in trading sometimes you are worse off and you can lose more, i.e. black swan days :)
Quote from Now is Now:

The basic difference is that the trader always controls the loss and /or profit once the trade is placed...in casinos the gambler has no options....ok...other than double down in blackjack!!
More...
 
Quote from Now is Now:

The basic difference is that the trader always controls the loss and /or profit once the trade is placed...in casinos the gambler has no options....ok...other than double down in blackjack!!
More...

Double down is actually pretty damn good! A bettor has options, not so much in a casino, but in sportsbetting and poker.
 
Quote from Mr J:

Double down is actually pretty damn good! A bettor has options, not so much in a casino, but in sportsbetting and poker.
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You seem to not have grasped the point...

Once a bet is placed in sportsbetting it is a final contract until a result has been declared...in poker , once a bet has been placed it cannot be withdrawn in any part....the bettor has no control..

On the other hand, a trader may withdraw any part or whole of the trade at anytime whether it is profitable or a potential loss; hence control ...
 
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