It's so fine line between trading and gambling it's almost invisible. I for sure don't want to gamble consciously, that is good. But apparently I've been doing a lot of gambling pretending that it's trading.
Gambling profits +18 full size pips.
Update, just one quick scalp in usd/jpy +9 full size pips, +27 pips for a day.
I've been thinking about gambling and my current thoughts are that I should start look at trading as kind of gamble. With that I will have losses on my mind more then now, maybe little less denial.
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2 comments:
I would say trading is gambling, but theres the right way to do it and the wrong way. Playing with the odds in your favor, knowing when you will quit, and risking the proper amount is the right way.
Having no way of knowing when to quit except a level of pain is the wrong way.
People like me that don't like to gamble and take risks are suckers when they found themselves in risk taking situations.
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