Trading is gambling- Only if you make it gambling

Discussion in 'Trading' started by Motivator, Dec 27, 2023.

  1. ironchef

    ironchef

    I appreciate your response and suggestions.

    Yes, the displays are quite different from StreetSmart Edge that I used for years, but the price, ticks, DOM data are the same, just display differently.

    Without a well defined formula, sets of rules... I simply don't know.

    That is my problem. A a few seconds made a world of difference, between profit vs loss. If it is that sensitive, I don't think I have a real edge
     
    #61     Jan 20, 2024
  2. Sergio123

    Sergio123

    Conversely the other problems are leaving too soon and staying too long......

    Case in point, my indicators started going off like crazy around lunchtime yesterday. I have audible notifications setup.

    So I got in at the right time but at the first sign of trouble I exited. Had I stayed in until the close I would've had a great day. But instead it was just a mediocre day.
     
    #62     Jan 20, 2024
  3. Well, trading can definitely feel like a gamble sometimes, but it's all about how you approach it. Making decisions based on indicators and setting up alerts shows you're on the right track. It's tough when you exit early and miss out on potential gains, but it's all part of the learning process.
     
    #63     Mar 27, 2024
  4. bln

    bln

    If one got the statistics tilted in ones favour you are the Casino, and the one on the other of your trade is the gambler. You are garanteed to win and he is guaranteed to lose (given that statistics hold up of course).
     
    #64     Mar 29, 2024
  5. Trading is gambling if you don't have brains, and you have not learned anything. It's all about knowledge and experience, while gambling is all about chance, what about is so similar. I just don't get this question.
     
    #65     Mar 29, 2024