I NEVER tell a young little hooker or 'date' {loosely used} what I do nor how many hours I put in per week. Even a "I buy & sell money" gets the vacant 'enter the void' expressionless stare right back @me. Intraday trading {down to 3.5 hours per day in my mid 40's from a high of 6.5 hours per day in my early 20's} is my mistress w/ a hot pair of T&A re-framed as "price & time." Short to medium and long-longer-term trading is my spouse; she is older but rock-solid and 'earns' executive-style wages; boring she is~but the intimacy is quite satsifying over time as I get older, so much older. Peacefully though~~more each year. peace hedvig
The title should be: Small Traders, are you addicted to losing? More than 90% of small traders lose! They just lose!
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.
There is a difference between Trading and gambling. Its gambling only when your odds are against you. Its trading when your odds in your favour. The means trading only when you're suppose to. Casinos are a perfect example. Casinos know their odds and take profits everyday. They are trading. The players are gambling. Hoping to beat the odds.
Well i can leave it if somebody can give a more exciting and great opportunity of earning. But the fact is there is none comparable to forex. And yes its addictive and you cant leave easily. And why would a trader leave forex its the best opportunity to earn a name fame and money
Very interesting question since a lot of people think trading is gambling. I personally feel that trading could become an addicting activity. It all has to do with the level of "coupling" you have with the markets. Traders can become addicted to the need for action, so this is a very important observation that as a trader have to understand and be aware of. One of the ways to control this need to trade is to see if you can stop trading by choice. Start by not trading for a few hours, then increase it to one day or so and see how you fell. If you feel incomplete, if it affects your mood, etc,.. then I would say you are addicted. Being able to stop and still feel ok about it is what will really tell you the level of coupling you have with the markets.