List of personal rules for trading that makes U successful

Discussion in 'Psychology' started by novice, Aug 27, 2009.

  1. deaddog

    deaddog

    It's semantics. I say there are no professional gamblers. There are professional poker players, professional black jack players, professional sports bettors and so on, but what they do they don't consider gambling. They consider it taking advantage of their edge.
     
    #101     Aug 18, 2021
  2. themickey

    themickey

    Yaaaawnnn, here we go again
     
    #102     Aug 18, 2021
  3. virtusa

    virtusa

    Trading is gambling for people who do not understand trading.
    Gambling is connected with lack of knowledge. Knowlegde can turn gambling into trading.
     
    #103     Aug 18, 2021
  4. themickey

    themickey

    :thumbsdown::(
     
    #104     Aug 18, 2021
  5. themickey

    themickey

    Oh, that's news to me.
     
    #105     Aug 18, 2021
  6. themickey

    themickey

    Even good ol' volpri had to admit painfully just a couple days back that trading had an element of gambling.
    I spat out my Weeties when I read that. :)
     
    #106     Aug 18, 2021
  7. themickey

    themickey

    Quoting volpri:
     
    #107     Aug 18, 2021
  8. themickey

    themickey

    EVERY trade I do is a gamble, period!
     
    #108     Aug 18, 2021
  9. virtusa

    virtusa

    Depending on the definition of "gambling" the outcome can be different:
    • gambling is anything that is not for 100% predictable: then trading is gambling
    • gambling is anything that is with high probability predictable: then trading is not gambling
    My ex wife now fully understands the difference. When we were married she said that I was a gambler. I was in the beginning struggling but things went better and better so I made good money. My ex wife did not have to work, had an own car, a gardener and a cleaning woman while we were married. After we divorced she had to go to work full time in an elderly home washing people.
    I moved after some time to the Italian Riviera with my new wife.
    My ex now understands that her definition of gambling/trading was not right. The result is that she is working full time and my new wife is lying in the Italian sun.

    My ex gambled wrong.:D
     
    #109     Aug 18, 2021
    beginner66 likes this.
  10. themickey

    themickey

    Lmao :)
     
    #110     Aug 18, 2021