Being honest to ourselves

What exactly is trading.... is it q business or another world of gambling.

Y
@yokoyi - 1 week ago

Everything we do in life is gambling, so its not such a bad thing, but traders are taking educated guesses. Crossing the road is a risk, driving your car is a risk, flying in a plane is a risk; theres an element of risk/gambling in everything we do. Traders should take trades with the lowest risk

G
@galaxy12 - 1 week ago

Wow... you hit a point my dear....

A
@asuquokelvin - 1 week ago

To be really honest too, trade is a business when it follows a repeatable process, but it only becomes gambling when you apply emotions and guesses, imagine two traders one has a good fundamental knowledge and has a good strategy that gives a 60% win rate and he risk consistently 2k to make 12k every trade and it is proven that 90% of the time he gets that 1:6 Risk to reward, it's a repeatable process and he takes one trade made 12k then took another trade another day lose 2k and the 3rd day took another trade and made 12k if you check for 3 trades he has made 22k if he had a balance of 20k before starting he should be having 42k which means he has made 101% of that account, so now if the second trader lacks all this:

1. A proven and tested Strategy

2. Fundamentals knowledge

3. Risk management

But he is trading then the person is just doing a game of chance not trading, no repeatable process, no risk management, only guess buy and sell, no research just wants to make money off the market, that's no trading that is pure gambling

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