Trading is like a drug

Discussion in 'Trading' started by Cmoss, Oct 22, 2014.

  1. Redneck

    Redneck

    SS

    You have your way..., H123 has his - as each of us has our own

    H123 simply shared his experiences

    He's good people


    RN
     
    #41     Oct 25, 2014
    Alpha Trader, smallStops and wwatson1 like this.
  2. 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.
     
    #42     Oct 26, 2014
  3. 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.
     
    #43     Oct 26, 2014
    TimtheEnchanter likes this.
  4. Often the demarcation line is defined by results. If you win you are a trader, if you lose you are gambling :)
     
    #44     Oct 26, 2014
    Alpha Trader likes this.
  5. 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.
     
    #45     Oct 26, 2014
  6. Redneck

    Redneck

    #46     Oct 26, 2014
  7. You can only be right about 30% of the time, the rest will be losing of some degree
     
    #47     Oct 26, 2014
  8. Turveyd

    Turveyd

    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!
     
    #48     Oct 26, 2014
  9. No I'm just going off experience, you can be right some of the time, about 30% I have found
     
    #49     Oct 26, 2014
  10. I use hedging most the time
     
    #50     Oct 26, 2014