shortterm price movement indicators

[Finlayson]

But Stevet

I remember u telling Trader333 the other day how essentially everything in life is a gamble.......which I would agree with as 'life is a gamble''

so if everything is a gamble, that means trading is gambling doesn't it

so that leaves only 2 choices - gambler & the other one

Jay

 

[stevet]

Finlayson

absolutly right - but when gambling is done to win - it has other terms - in stocks and derivatives - that term is trading

in a casino - the term for winning is being the house - not the punter

so a casino is in gambling - but they win - the punter is also involved in gambling - but they lose because they cant beat the odds and either dont realise that or dont care

ultimately, even if the punter is a card counter in black jack - they may tend to lose - because the specific casino wil spot them and they will be ejected, perhaps not in a nice way, but at least the card counter understands the need to move the odds their way in order to profit by using a strict and systemised approach

 

[Finlayson]

Who Gamble's to lose ?

any trader should have the odds stacked in their favour with a systematic approach, but ultimately no matter how good a trader or his strategy, he/she can never be 100% about the outcome.

A pilot has stacked the odds in his favour by learning to fly, but he cannot say for an absolute certainty that the plane will not fall out of the Sky.........he has the ability to fly the Plane through training, but it is only having the inner 'knowing' that he can do it that really enables him to do it.

there is only 'one' constancy in life..... that is change & it is the ability to adapt to change that enables anything to survive/succeed.

so Gambler/trader, just titles & words really....it is the person & their beliefs that count.....in my belief

Jay