Tuesday, May 12, 2009


I don't gamble in my life in casino or online, I just don't like it. I've been under impression that trading is for me more like work endeavor. That means that all my risky trading I don't consider as gambling but work/trading. Well after yesterdays blow up I come in today and go against trend, then "can't" stop myself but I average and hold until I get profit. It's essence of gambling, doing something just because of money and thrill and counting on luck. Luck??!!
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.



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.

FX said...

People like me that don't like to gamble and take risks are suckers when they found themselves in risk taking situations.