The Best Trading Proverbs

Discussion in 'Trading' started by JTrades, May 29, 2014.

  1. deaddog

    deaddog

    If you think that trading is gambling; you are doing it wrong!!
     
    #1401     Aug 22, 2020
    murray t turtle likes this.
  2. themickey

    themickey

    I think and treat trading as gambling.
    I earn way more at trading than at any time previously working 7:30 -5:00pm for the boss, something is wrong.
    What's really wrong is energy goes toward my aspirations, not someone else, that's just plain wrong.
     
    #1402     Aug 22, 2020
  3. deaddog

    deaddog

    You will have to define gambling.

    I sounds to me that you know what you are doing. You have figured out an edge and are taking advantage of it. You know going into a trade what the outcome will be.

    Doesn't sound like much of a gamble to me.
     
    #1403     Aug 22, 2020
  4. themickey

    themickey

    When I'm confident on a positive outcome on a trade, often it becomes a loser.
    The trades I'm most suspicous of and hesitant about often result in becoming winners.
     
    #1404     Aug 22, 2020
  5. dealmaker

    dealmaker

    ""
     
    #1405     Aug 23, 2020
  6. old coot

    old coot

    whenever you have a good hit, take half the profit out your trading account and put it in your living good account.
    Something that Jesse Livermore said, paraphrased because I don't remember the exact wording.
     
    #1406     Aug 23, 2020
  7. dealmaker

    dealmaker

    ""
     
    #1407     Aug 23, 2020
  8. deaddog

    deaddog

    But are you gambling?

    Losing is just part of trading. Just because you know you might lose doesn't mean you are gambling. It's part of a winning strategy.
     
    #1408     Aug 23, 2020
    murray t turtle likes this.
  9. themickey

    themickey

    A winning strategy might be now, tomorrow it might be gone.
    The market controls, we don't control it.
     
    #1409     Aug 23, 2020
  10. deaddog

    deaddog

    We control when we get in and out of a trade.
    I don't consider it gambling.
    If you do then I hope you have good luck.:)
     
    #1410     Aug 23, 2020
    murray t turtle likes this.