Trading vs. Gambling

Discussion in 'Tutorials, lessons, examples and training' started by Blaine Tarr, Jul 31, 2019.

  1. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    Are you trading or gambling? Ask yourself if you have a defined plan entering the trade or if you'll 'just see what happens.'

    Successful long-term trading takes a sound strategy that can be replicated consistently. Sure, you'll go through ups and downs, but the goal is to be successful long-term. If you are trying to strike it rich quick gambling on a penny stock or an earnings trade, you may get lucky in the short-term but is it a real strategy that can be used for consistent profits? Probably Not.

    Gambling 101 vs. The Power of Options and knowing your go-to setups.

    If you don't have a trade plan using setups that work for you; you are just gambling. You'd have the same odds( maybe actually better odds depending on the crap you trade) and probably more fun just hitting your local Roulette table betting Black or Red.

    You have to look at trading like a job. You usually don't get to start a job without some type of training right? Why do you think trading should be any different? Otherwise, enjoy your night out at the casino!
     

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