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  • #1,181,761
  • Sep 1, 2020 10:24pm Sep 1, 2020 10:24pm
Unless the obvious trends resume, it looks like I may be taking the rest of the week off from trading.
Learn from your mistakes and march on.
  • #1,181,762
  • Sep 1, 2020 10:25pm Sep 1, 2020 10:25pm
Quoting pgidia
I had asked earlier also Who are the one laying Traps for Bulls and Bears ??
Institutions like banks.
  • #1,181,763
  • Sep 1, 2020 10:26pm Sep 1, 2020 10:26pm
Anything that involves Win or Loss is a gamble
It is named differently to confuse people
Various names Includes
Investment
Long Term Trading
Hedging
Technical Analysis
Fundamentals
Volatility
And many more
PaRaM
  • #1,181,764
  • Sep 1, 2020 10:28pm Sep 1, 2020 10:28pm
Quoting Techanalyst
{quote} Institutions like banks.
So banks keeps tab what retailers are planning and then confuse them by laying traps
So small traders don't earn and get stuck on wrong side always
PaRaM
  • #1,181,765
  • Sep 1, 2020 10:30pm Sep 1, 2020 10:30pm
Quoting pgidia
I had asked earlier also Who are the one laying Traps for Bulls and Bears ??
No one...
LOCK IN RE-ENTER
  • #1,181,766
  • Sep 1, 2020 10:31pm Sep 1, 2020 10:31pm
Quoting pgidia
{quote} So banks keeps tab what retailers are planning and then confuse them by laying traps So small traders don't earn and get stuck on wrong side always
They wouldn't make money from.... It's your broker or who ever your broker uses as the intermediate or whatever they call it
LOCK IN RE-ENTER
  • #1,181,767
  • Sep 1, 2020 10:33pm Sep 1, 2020 10:33pm
Quoting pgidia
Anything that involves Win or Loss is a gamble It is named differently to confuse people Various names Includes Investment Long Term Trading Hedging Technical Analysis Fundamentals Volatility And many more
Unless it is 100% certain of the outcome
LOCK IN RE-ENTER
  • #1,181,768
  • Sep 1, 2020 10:33pm Sep 1, 2020 10:33pm
Quoting pgidia
{quote} So banks keeps tab what retailers are planning and then confuse them by laying traps So small traders don't earn and get stuck on wrong side always
They keep tabs on everyone below them. They manipulate and knock everyone out of their stop losses or until your account hits the margin call if you don't use stop loss. That is why paying attention to charts and sentiment and COT reports helps to give you an idea where market is going.
  • #1,181,769
  • Sep 1, 2020 10:36pm Sep 1, 2020 10:36pm
Quoting pgidia
Anything that involves Win or Loss is a gamble It is named differently to confuse people Various names Includes Investment Long Term Trading Hedging Technical Analysis Fundamentals Volatility And many more
I disagree. I do not gamble, and many people don't gamble. You play poker, you gamble, but trading if you gamble, you will lose fast. So if you understand how to trade than you do not gamble. So it is not gambling.
  • #1,181,770
  • Sep 1, 2020 10:43pm Sep 1, 2020 10:43pm
I agree. Yesterday I gambled , now my account in rock bottom position. If only I could control myself and not overtrade, my gain will be 400%, now left with 10%. Sad indeed.
Fundamental provide Volume, Technical shows Direction
  • #1,181,771
  • Sep 1, 2020 10:47pm Sep 1, 2020 10:47pm
Quoting LucasT
I agree. Yesterday I gambled , now my account in rock bottom position. If only I could control myself and not overtrade, my gain will be 400%, now left with 10%. Sad indeed.
Not gambling, you just need to discipline yourself better, with money management. Set your own rules. It will come and you will make money.
  • #1,181,772
  • Sep 1, 2020 10:56pm Sep 1, 2020 10:56pm
Quoting Techanalyst
{quote} Institutions like banks.
These days, they employ AI software... so we are being trapped by AI robots
  • #1,181,773
  • Sep 1, 2020 11:09pm Sep 1, 2020 11:09pm
Quoting mistaouting
{quote} Unless it is 100% certain of the outcome
Even if outcome is sure there was second option means to win you have to bet
PaRaM
  • #1,181,774
  • Sep 1, 2020 11:12pm Sep 1, 2020 11:12pm
Quoting forcyen
{quote} These days, they employ AI software... so we are being trapped by AI robots
True, but it is still controlled by human. Computer can't just run on their own. Even with AI, it is not 100%. So will always need us humans to run things.
  • #1,181,775
  • Sep 1, 2020 11:13pm Sep 1, 2020 11:13pm
Quoting Techanalyst
{quote} Not gambling, you just need to discipline yourself better, with money management. Set your own rules. It will come and you will make money.
So if you have better money management doesn't mean you are not gambling

When there are two options Buy OR Sell
You selected one option means you gambled
PaRaM
  • #1,181,776
  • Sep 1, 2020 11:15pm Sep 1, 2020 11:15pm
All those who are long yesterday at 1.20 gambled took risk

Bcoz if it had gone up from there everyone would have said there is no top in Trend
And it came down everyone will say minor corrections
All this is nothing but in simple terms gambling
PaRaM
  • #1,181,777
  • Sep 1, 2020 11:16pm Sep 1, 2020 11:16pm
Quoting pgidia
{quote} So if you have better money management doesn't mean you are not gambling When there are two options Buy OR Sell You selected one option means you gambled
Trading is not gambling. If you gamble with trading, you will lose so fast. You have better chance gambling at casino than trading. So to sum it all up:

Trading is not gambling. If you gamble in trading, well you should consider another career. Trading is business. Not gambling.


https://www.dailyforex.com/forex-art...-gambling/1957
  • #1,181,778
  • Sep 1, 2020 11:18pm Sep 1, 2020 11:18pm
Quoting LucasT
I agree. Yesterday I gambled , now my account in rock bottom position. If only I could control myself and not overtrade, my gain will be 400%, now left with 10%. Sad indeed.
Sorry to hear that, but if you know what you did wrong, you are one step ahead. The thing that wrecks me is counter-trend trading in strong trending markets. It's not a wise thing to do. And I have finally had enough of it! No more trading against strong trends!
Learn from your mistakes and march on.
  • #1,181,779
  • Sep 1, 2020 11:19pm Sep 1, 2020 11:19pm
Quoting Techanalyst
{quote} Trading is not gambling. If you gamble with trading, you will lose so fast. You have better chance gambling at casino than trading. So to sum it all up: Trading is not gambling. If you gamble in trading, well you should consider another career. Trading is business. Not gambling.
As I said earlier gambling is named in different form
Here you used TRADING

In simple terms where you loose or win it is gamble

And Business is for brokers who never loose whether you win or loose
PaRaM
  • #1,181,780
  • Sep 1, 2020 11:21pm Sep 1, 2020 11:21pm
Quoting pgidia
{quote} As I said earlier gambling is named in different form Here you used TRADING In simple terms where you loose or win it is gamble And Business is for brokers who never loose whether you win or loose

https://www.dailyforex.com/forex-art...-gambling/1957


Trading is not gambling. Just because something is risky, does not make it gambling.
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