Is day trading gambling?
This kind of get-rich-quick thinking is hard to shake, and it keeps many traders from reaching their full potential.
The Danger of Gambling Psychology in Trading
If you trade like a gambler, you’re bound to lose money. You’ll make bad trades. You’ll throw good money after bad. And eventually, you’ll find yourself wondering where all your money went.
Fortunately, there are a few simple mindset shifts that can turn your trading around, sometimes overnight.
Mindset Shift #1: Don’t Chase Trades; Let Them Come to You
Gambling produces some strange responses in people.
Continue Reading
The Danger of Gambling Psychology in Trading
If you trade like a gambler, you’re bound to lose money. You’ll make bad trades. You’ll throw good money after bad. And eventually, you’ll find yourself wondering where all your money went.
Fortunately, there are a few simple mindset shifts that can turn your trading around, sometimes overnight.
Mindset Shift #1: Don’t Chase Trades; Let Them Come to You
Gambling produces some strange responses in people.
Continue Reading
posted by Bramesh at
10:11 AM
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