Is Trading Just a Sort of Gambling?

[Is Trading Just a Sort of Gambling?]

I was wondering if you are a trainee, why your mentor was unable to provide these answers for you?

 

Thank you very much. I'll save all these questions and think about them. It's really very helpful for me.

About my current situation. Yes I am a trainee and I have a mentor. But I would not say that he's a trader, he's investor and he's very busy with all his businesses.

Other two guys are trading but we have difficulties with language understanding.

That's why I find myself lonly in trading.

[Is Trading Just a Sort of Gambling?]

I found myself nodding my head in agreement - a lot of experienced wisdom shared here.

MMS

 

I agree with you. There are so many helpful advices

[Is Trading Just a Sort of Gambling?]

If you study a companies results and they are good would you expect its share price to rise? Most beginner's would and that may actually happen, but it really depends on how the markets expectations have been met. So look also at how the companies share price has performed since its last set of results, in absolute terms and relative to the markets price movement over the same period. As you get used to doing that it will increase your skills and enable you to judge whether the actual results have met the expectations or not. It will then allow you to make investment decisions on a reasonable basis.

Thank you for the advice. I agree with you.

 

 

 

Whether you want to gamble with your time (considerable time,10,000 hours they say to become expert) depends on why you want to trade in the first place- how much do you want it?

Expect to pay for every lesson you learn in the market.Expect to pay again if the same mistakes are repeated.How much depends on how carefull you are with money and how quickly you can learn from your mistakes.If you are reckless with money then for you,trading will be gambling.

Most battles are won before a single shot is fired i've heard it said.If you have the right motivation for trading it is doable for all kinds of people.

I saw a programme recently about Goerings' brother.He used his name to get Jews out of germany and out of concentration camps at great personal risk and eventually died pennyless.In extreme situations,people sometimes have greatness thrust on them,or summon the power within they didn't know they had.Without those extreme situations it takes quite something to summon the power within.Desire,perseverance, willpower etc

Takes a lot of hard work to maximise our abilities in life..good luck

Thank you! There is much to think about. You're right that it's not only about money. It takes almost all my time already. And yes it's very important to understand why should I do it and whether I really want to do it.

Good question. As for me (please don't laugh) it's just chance to try myself in something new for now. Yes being honest I didn't understand yet whether I am really able to do it or I want to do it.

When I introduced myself in this forum I explain a little who am I and what I am doing here.

Maybe you'll think that my motivation is not good enough. I just got rather unexpected offer and deside to try.

 

 

 

Probably one of the most important of which, is that it typically is very much like running a small independent retail store in a large shopping mall. If you're familiar with the term "Black Friday" then you'll know where I'm heading. You need to plan/expect to run in the red for a large portion of the year (you'll need to have a sufficient working capital base to survive). You'll then be taking a gamble that a certain time of year (i.e., group of trades) will put you over the top and yield a sufficient return on your capital and time. Equally important is that the "off season" has to be well-managed (i.e., losses kept small).

 

Of course, most small businesses fail. Many that don't fail are just breaking even. And a good portion that are making money barely yield to the owner an imputed hourly wage greater than a few bucks an hour. Very few small business actually create substantial wealth for the owners.

Yeah I know very well what small business is :crap:

 

 

The market is a big mind all at once, and you have to know if you're game enough to do in the whole world.

The interest rates, wars, greed, fear, hope, desire, passion, cleverness, schemes, the good the bad the ugly. the last man standing and walk in the path of the omnipotent where ever he goes. we're all matter of this intelligent design and the universe is made out of chaos and order. If you use a lot of logic it is not enough to face all of the world issues invole like all the above I mention. Its not like you put a debit to a debit and a credit to credit type rationalizing. Its more like you sum up the game and now you have theory, because finance alone is not enough knowlegde. In a business where all you do is press buttoms to make a quick buck requires more and more ever so not relenting. You need a theory so you got to understand the science, and philosophy because you got to have a belief. Traders will trade what they have the most faith in, so how you believe reflects how you perceive the markets. This is of course what will effect your trading in losses or profits, but in this game most people burn before learning. There are always people coming back trying to use their logic and rationalizing though. The dynamics is crazy and some times you have to love that crazy to be crazy enough to know what crazy means. Markets can only move up and down there is no other chance, so feel like fire and ice. The 12 laws of the universe will help you get started. Of course the markets will drive mans nature to be greedy at times, so thats why herds and crowds are not rewarded. If you have always love to study history when you're little than you're better adept. Sometimes its good to know what this bs world is all about, because it will surprise you and will than wake up. The law of polarity or of opposites can help a little understand why some traders can't do it. I have to view it on my fractual, but my emotions are still different than some successful investors like Peter Lynch. I am more a person of understanding and discovering bold things that are the true mechanism of the markets. In the market its more admitting wrong than working harder at making it work, or else you will really not get nowhere. Stick to your supreme belief in what ever you most believe in, than erase all the other things and start from scratch again. Take the center point of what that remains and use that as the building block to connect a picture in your mind and start using your imagnation. You don't even have to be that smart wheather that subject requires a high comprehension or what not. You just got to use your senses and be honest with your own intution about what you're looking at. this comes from your gut, or else nothing in this world would have been invented. Thousands of men must have come across this to connect all theirs points to be successful. Start with something small but is real that fit your emotions best, and not what other people believe in all.

I have read it with pleasure. And I guess I'll read it again. There is much to think about.

(Felt like reading a poem, seriously). Thank you.

Am I crazy enough...?

[Is Trading Just a Sort of Gambling?]

wow guys! I didn't expect to see so many responses on my question! Thank you all for your time. And thank you for trying to help me with my question. I'll try now to read carefully each and every respond.

 

Positive thinking will not help you in the slightest. It will completely destroy you.

I mean to think positive about trading itself and what are you doing in general. I don't mean to be sure in success 100%. Especially when you just started trading. I saw already a lot of people that were just telling "hey! that's so easy! i can do it!" and they lost a lot.

I mean not to be pessimistic...like..."oh well...i'm not gonna get it ever..." So why are you doing this if you don't believe?

 

 

Gee, Salma, I 've always thought of Fundamental Trading as based purely on the Financials as posted by each Company. News, rumors, etc. are pretty much excluded unless the news is an announcement about the Fundamentals such as Profit announcements, new dividend payout changes, etc.

Yeah i understand this. But it gives me some idea whether the performance of the company is good enough not to hold shares of future bankrupt.

And again. When you analyse financial statements for example and you have quarterly as well...so I guess it's possible to make some prediction about annual performance and be prepared for the market reaction after the report is published.

This is how I see it. Am I wrong?

 

 

If you think this is a get rich quick scheme, you should save your money and quit now.

No I don't think so of course. Otherwise I would not be here. I understand that trading means hard work almost 24 hours a day and it's not easy to get success. And I trade not with my own money which makes me even more carefull.

 

 

re OP topic - Consider a ‘flip’

Keep in mind there are multiple ‘kinds’ of luck, all with varying levels of possible ‘influence’.

Thank you for the advice.

 

 

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but for the serious traders, no.

That is what I mean. I would like to take trading serious and not as game.

And I'm just trying to understand what is all about and how people that do it professional feel about it.

 

 

Are your sure you should not be a bookkeeper or controller or given tax advice?

You caught me! :haha:

Seriously If there will be a moment when I understand that it's not for me I'll quit

 

 

What if you do not have that plan and that edge. Well STOP immediatly.

Do not do any real trades untill you have made your homework.

Yes I got already that plan is very important to have. As in each business.

I guess I'll ask about it in another Thread.

[Is Trading Just a Sort of Gambling?]

Thank you all for your time.

 

Luck smiles to the winner. There is always factor X which make strong impact. No metter how good you are in trading, how good you strategy, EA and Broker! You always need some LUCK!

sure! like in everything in life.

 

 

its generally all that often spouted rubbish about the power of positive thinking etc;

For me its all the same, no matter how you want to call it/market it...... if you focus, think rationally and positively about things, learn from mistakes, plan and dont blame the world for everything, accept responsibility, avoid false hope (like winning at the poker machines) and generally learn to participate in things from a positive and constructive point of view.... soon you will be lucky, its amazing how it seems to work that way.

Now people will package this and sell it off in a course.

 

Now this is completely different luck to the purely statistical viewpoint of buying lottery tickets. (or is it???, as you still need to participate with a dose of reality and not false hope)

 

Amazing considering the poor responses to the current contest MMS is trying to run to pick the market closes, and very few want to participate in a free trade. So tell me, is it luck when you dont win and you dont particpate positively.

 

Thank you. I got the idea. And I guess you're totally right. Positive thinking means a lot in everything we do in our life.

Do your best and keep it positive.

Thank you. I find this advice very usefull.

[Is Trading Just a Sort of Gambling?]

dont underestimate the importance of luck - and remember that luck is usually something you can also put in your favour

 

I guess I don't know how to put luck in my favour

[Is Trading Just a Sort of Gambling?]

Thank you very much for all your replies

 

Learn more and risk less. Learn nothing, risk nothing and you might as well stop breathing.

 

Yes sure. I got the point and I agree. Life is risky

I mean I'm trying to take it as business, to get maximum information, to learn and apply my knowledge. I'm beginner so I think it's ok that I don't make millions from the first trade. Isn't it?

I'm just confused when people around me tell "Hey girl relax. Nothing is gonna help you in that gambling. It' just about luck"

 

When it comes to trading think about this.....what other pursuit can you dictate the odds, attempt to put them in your favour, get great scalability with these odds, in a liquid market, low costs and low barriers to entry.

There is much to think about.

 

When you get married....well that is a BIG one......

:haha: yeah great point! :rofl:

 

Trading can be gambling or it can be a business - depends how you approach it.

Yes, I would prefer to take it as business. Business is risky and that's ok.

I guess my next question will be what is the correct approach?

 

 

Thank you once again.

regards.

[Is Trading Just a Sort of Gambling?]

Hi all

I began trading recently as trainee. I was trying to make some plan for me on how to choose a stock and how to create rules. I include fundamental analysis (such as following news, market announcements, industrial news and business frames, financial statements analysis etc.) and technical analysis as well.

Sometimes I just don’t see any confirmation of received information. Sometimes I just feel lost and don’t understand what is going on :crap:

People around me keep telling that it’s just a sort of gambling. As I don’t like gambling at all I feel lost even more.

Can anybody please help me with this point?

[Introduce Yourself Here - Don't Be Shy!!]

MadMarketScientist,

 

Thank you very much for the warm welcome. I've been out of the country for vacation.

I'll participate in the conversations with plesure.

 

Thank you once again.

 

Salma

[Introduce Yourself Here - Don't Be Shy!!]

Hello everybody

 

I'm new in the forum and in trading.

 

At first a little more about me. I have high education in finance and my best interest was financial analysis during all years of my education. However I was always interested in analysing and preparing real investment projects but not financial investment.

What brought me here?

I have rather good offer to join trading team as trainee and then work as investment adviser and portfolio manager.

I'm making my first steps now in trading stocks but I feel totally lost. My coachers speak different language and I'm just lost in translations. And there are some more issues that make me obtain trading information and education by myself.

I was looking for traders community and found this web-site. It seems to be very nice. I'll have questions sometimes and I'll try to share my experience as well. Hopefully it'll not be so bad.

 

Thank you. All the best for everybody and good trades.

 

Regards

 

p.s. I'm not English native speaker so sorry for mistakes if there is any