...but in a good way.
I'm sick and tired of having people say things like "trading is gambling" in such a negative connotation. Trading is gambling. You're betting on the outcome of an unknown event. I saw the same thing when I played poker, people denied that it was gambling. The professionals had to slap the amateurs back into reality, poker is gambling too. But I'm guessing the latter seemed more obvious to you.
The difference however lies in that, just like poker, you can have an edge in trading. You can have a positive expectation and win in the long run. It's just like everyone says, "you will have losing trades, it's inevitable".
I think if you start to treat trading in this sort of mindset you will be better able to seperate yourself from your emotions while you trade. I'd go on terrible losing streaks in poker, but I wouldn't change my game because I knew I had an edge. Sure enough, I'd always end up making my money back and then some. Accept the fact that you don't have a damned clue what will happen on the next trade, only probabilities.
The key is to make sure you have a positive expectation when you gamble, be it poker or trading.
I'm sick and tired of having people say things like "trading is gambling" in such a negative connotation. Trading is gambling. You're betting on the outcome of an unknown event. I saw the same thing when I played poker, people denied that it was gambling. The professionals had to slap the amateurs back into reality, poker is gambling too. But I'm guessing the latter seemed more obvious to you.
The difference however lies in that, just like poker, you can have an edge in trading. You can have a positive expectation and win in the long run. It's just like everyone says, "you will have losing trades, it's inevitable".
I think if you start to treat trading in this sort of mindset you will be better able to seperate yourself from your emotions while you trade. I'd go on terrible losing streaks in poker, but I wouldn't change my game because I knew I had an edge. Sure enough, I'd always end up making my money back and then some. Accept the fact that you don't have a damned clue what will happen on the next trade, only probabilities.
The key is to make sure you have a positive expectation when you gamble, be it poker or trading.