Trading is like a drug

Handle123 : I have read all his writings as I did early on identify him as one of the best source of information in trading...
... Now his post is very surprising "3-5 years" ( really from real Handle123? ), and the mindset is
so far from his other ^psts...

Anyway, your comment is valid : each person has a unique experience.
 
Trading can be obsessive/compulsive and then it is referred as gambling.
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gam·ble
verb
  1. play games of chance for money.
As the definitions states, a game of "chance". If you are going to safeguard the lives around you, than the earnings via trading have to be consistent. If they are consistent, than it is not defined as chance, but skill.

There is a very fine line between gamblers and traders.
 
Often the demarcation line is defined by results. If you win you are a trader, if you lose you are gambling :)
Alpha Trader said:
gam·ble
verb
  1. play games of chance for money.
As the definitions states, a game of "chance". If you are going to safeguard the lives around you, than the earnings via trading have to be consistent. If they are consistent, than it is not defined as chance, but skill.

There is a very fine line between gamblers and traders.
More...
 
I have seen it over and over, like in gambling, a lot of traders like the action more than they like making money. Trading to make money is a lot more boring than trading for action.
 
wwatson1 said:
You can only be right about 30% of the time, the rest will be losing of some degree
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What are you saying, is it you can only profit 30% of your trades ??

Errrr no, if your GOOD and know what your doing you CAN get upto 90% there are Daytrades which are that good, I'm @75% at the moment.

You think 30% cause that's all your capable of doing and your the best, well at 30% GIVE UP move on!
 
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