HomelyWizzard
Registered: Sep 2011
Posts: 125 |
07-04-12 07:04 AM
Yes, I am a gambler. Trading is a kind of gambling depending on how you approach it. All the bull-crap about positive expectation games versus negative expectation are statistical jerking off, mind-fucking for the intellectually superior, egotistical A-hole types. Simply stated; it is better to be lucky than good. ALWAYS! This was true in my poker playing days and it is true in speculating. Always ask yourself - WHY, why I am doing this? and if you do that you will have a sliver of a chance....
more often you trade - more often you have a chance to fuck up. That is the underlying problem with very active trading. I am not saying it is not doable, but eventually something will happen and unless you are very rich, you will be blown out. Most successful traders I KNOW, invest 90-percent of their money in investment grade stuff and "gamble" i.e. speculate with the 10 percent. Now that 10-percent is likely larger in terms of dollars than most ET wanna-be trader's ever going to have.
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