Are You a Trader or a Gambler?

You might be treating the market like your own personal casino right now and not even know it. In fact, if you are like many people trading the market, you are probably more of a gambler than a trader. Traders who fail at making money consistently in the market have a gamblers mindset; they do not have the professional mindset and habits that consistently profitable traders have.
How do you know if you are approaching the market like it is a casino or like it is a business?

• Are YOU a gambler?
There are basically two types of people trading the market at any given time; people who are gambling with their money, and professional traders who treat trading like a business. As you probably could guess, the gambling traders are the ones who lose money; the professional traders are the ones who make money.

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