Disliked{quote} It's not an excuse nor a guarantee everything will work out. There is a difference between a risk and a gamble. Look at it from the perspective of running a business. Gambling is flipping a coin and hoping things will turn in your favor. No successful business owner runs his or her business like that. A business involves risk, but it also involves planning, analysis, counting the cost, and management. Trading is a business. It's not gambling.Ignored
but your comparing them and its apples and oranges. risk are inherent of a gamble unless the odds are 100% in your favor, you cant loose.
trading is a business, you gamble. Do you win all your trades? If don't win all them your a gambling. You use your understating of technical and fundamental analysis to increase your odds of winning the gamble. Its a gamble because its seldom 100% certainty.
EDIT: you figure winning chance of 99.9% well there is a 0.01% percent chance you could not win...that's a gamble....how you approach that with risk management is different. you would risk more on a 99% chance to win than you would on 20% chance to win
maybe tough to understand
if the odds of winning are not 100% its a gamble because their is something to account for that you can't control....that's gamble.
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