The other day I seriously stopped to think.
I thought specifically about casinos, being also a lover of games like roulette, I know very well that these activities are not even remotely comparable to trading.
But I thought ... what do a broker and a casino have in common?
A casino knows that a person can sit, play 3 games and make a lot of money.
But he also knows that psychologically he will entice the person to stay at the table, and sooner or later he will return everything with the interests, because the advantage is always on the side of the dealer.
In trading we have 50%, but the broker has the commissions or the spread on his side, so a little extra advantage.
He knows that psychologically he can deceive you and keep you trading. Very few people earn and retire the next day.
In the history of trading, we study people who have really gained so much on the stock exchange, when there was still no network connecting all the markets and a platform to operate 24 hours a day.
They printed the daily charts and called the bank to carry out the orders ...
So if you were a broker, what would you prefer?
A customer who makes 3 trades every month. Or a customer who makes 3 trades a day?
it is in the interest of the broker that we do HIGH FREQUENCY TRADING.
it is in your interest to earn from your spreads or commissions.
Perhaps the problem is not really that we spend too much time clicking and having little time to study?
I'm thinking about this.
I thought specifically about casinos, being also a lover of games like roulette, I know very well that these activities are not even remotely comparable to trading.
But I thought ... what do a broker and a casino have in common?
A casino knows that a person can sit, play 3 games and make a lot of money.
But he also knows that psychologically he will entice the person to stay at the table, and sooner or later he will return everything with the interests, because the advantage is always on the side of the dealer.
In trading we have 50%, but the broker has the commissions or the spread on his side, so a little extra advantage.
He knows that psychologically he can deceive you and keep you trading. Very few people earn and retire the next day.
In the history of trading, we study people who have really gained so much on the stock exchange, when there was still no network connecting all the markets and a platform to operate 24 hours a day.
They printed the daily charts and called the bank to carry out the orders ...
So if you were a broker, what would you prefer?
A customer who makes 3 trades every month. Or a customer who makes 3 trades a day?
it is in the interest of the broker that we do HIGH FREQUENCY TRADING.
it is in your interest to earn from your spreads or commissions.
Perhaps the problem is not really that we spend too much time clicking and having little time to study?
I'm thinking about this.