DislikedThe brutal truth about day trading is that it is GAMBLING.
Use all the statistical measures and See for yourself.
As long as you accept and understand that and use a gambler's mentality, you may have a slim chance!Ignored
Hi Zeus,
Yes, I agree it is gambling that we do.
And now you’re talking some lingo, or background, or heritage, or whatever it is, that I have had some experience with .
But this “gambler’s mentality” needs to be defined please.
I might venture at this point, before clarification/definition, to suppose that it just CANNOT be the same for ALL ….. gamblers.
Imho it is NOT a trait. It is a psychological abherration, that is temporary and therefore not STATIC.
Because we are all, in some way, individuals (well I reckon).
But how this mentality plays out though for each person, will likely have its variances AND its similarities.
Let me say this
I do NOT agree with the common held belief, I came across, that is written so often about trading, or traders.
And that is the dual venom of --- GREED and FEAR.
To me there is only one weakness, one mistake or one gambling error.
And that is quite singular.
GREED.
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