Re: Traders or Gamblers? Most of Us Don’t Know Which One We Are

Quote from: Rockstarguy on August 11, 2025, 04:26:35 PM

Quote from: Paddy man on August 05, 2025, 02:35:25 PM

There’s nothing wrong with being a gambler — as long as you know that’s what you’re doing. But calling it “trading” while acting on gut feelings is the fastest way to lose your stack and blame the market.
So… what are you really doing? Trading? Or just playing a risky game in disguise?

Let’s talk. Cheesy

These are honest questions that traders need to ask themselves because the questions would really help a trader who is not doing what a trader is expected to do. Most traders are not even ready to acquire the knowledge they are supposed to have, and to learn the skills in trading, they are just depending on luck. The reason why some traders don't even know what they are doing in trading is that they have never prioritized learning, but instead approach it with the idea of gaining profit.

When you jump on to take a trading position without doing your homework on the market, no TA or FA, but that you just saw a chart that appeals to your guts then you definitely gambling. You're depending on luck and in trading nothing like luck playing a dominant role in what are trading results would be. If you get it wrong you'll get burnt. Knowledge puts you in charge with you knowing when to cut out of a position and when to exercise patience with your position. It's shouldn't be a guess work.