Gambling is not liked by some religions In this scene , from the mahabharata ,see the consequences of betting everything ,after a few losses and losing everything , he bet his wife on the gambling table , the humiliation of a woman .THE PRINCE BET HIS OWN WIFE , after running out of cash , at a gambling table .Think of the consequences of gambling , how much pain it causes to those around you.
https://www.elitetrader.com/et/threads/self-sabotage-for-traders.305072/ Traders self sabotage themselves , they are their own worst enemy.
Having an edge is ... executing it. Otherwise you don't have one. You have zero edge , unless you have a mental edge .All your illusionary edges are worth zero , if you can't execute your edge. What defines an "Edge".
Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.” – George Soros.
Invest in the Santa rallies , follow the wall street crooks and you will make money! What is a 'Santa Claus Rally' A santa claus rally is a surge in the price of stocks that often occurs in the week between Christmas and New Year's Day. There are numerous explanations for the Santa Claus Rally phenomenon, including tax considerations, happiness around Wall Street, people investing their Christmas bonuses and the fact that the pessimists are usually on vacation this week.
market is too efficient , as MR TREND TRADER himself discovered , when the orignal Mr Turtle lost money and blew plenty of it.
E T is infested with losers ,ramping up trading failures as succesful traders , and real traders are like fleas , they are fleeing from losers . Losers like losers and losers hang with losers .
the missing part is Buy low sell high , Be patient with winning trades; be enormously impatient with losing trades. Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are "right" only 30% of the time, as long as our losses are small and our profits are large. 18. The market is the sum total of the wisdom ... and the ignorance...of all