I grew up in a small town near Las Vegas.. One summer, a group of teach lei decided to work part-time in a casino while on vacation. Fun for fun, они объединили свои деньги, To view, what's going to happen, if they constantly play on a machine with one lot to the jackpot. They lost about a quarter of their money.. This story shows that, what we all know so. Non-professional players will never be able to leave the casino, even with a zero balance. Free alcoholic drinks, entertainment, lounges are the only goal for non-professionals, who come to the casino to relax and lose money. The casinos are arranged like this, that the probability is always in their favor. Everything, what they need to do is wait, let people play and stuff their safes with cash. Playing casinos can be fun, if you know, how to limit your losses, and when to finish the game. If you don't manage risks, trade without a reliable trading plan and trading strategy, Trading is an activity similar to playing in a casino for the sake of relaxation.
Maybe, someone will say, that any form of financial risk is gambling, however, some of the risks are more like gambling, than others. Some people approach trading with a state of mind., resembling the state of a gambler, whereas experienced traders, consider trade as a profession.
For the public, the word gambling has a negative connotation.. When it comes to professional players, most people immediately imagine boilerplate players, looking for high levels of unpredictable risk, impulsively put receipts on the line and treat money as a key factor in survival. However, gambling is not always "byaka". Actually, professional players often make good money, because they know, how to manage risks. It's just a matter of cultivating the right perception. It is very important to distinguish between an amateur trader and a professional.. You cannot approach trading as a form of recreation. Amateurs or social gamblers are exclusively interested in recreation and entertainment. Smart gamblers only spend fixed amounts of money on gambling, considering going to the casino, like going to the theater, cinema, to a concert or sports game. Part of the rest is for them to get a sense of arousal., they want to meet Fortune and win the jackpot.
Traders, who make deals to get an adrenaline rush or a sense of euphoria are reminiscent of these types of players. Impulsive traders lack discipline. Trade is a harmful activity for those people, who wants to get excited and find out, what is risk. but, Unfortunately, many newbies are characterized by the error of approach to trading with the attitude of a social gambler. They see trading as fun.. If you want to, to make your money burn, there is nothing wrong with this attitude to the trading process. but, most of us still want to make money, whereas the mood of social gamblers can lead to, that you will merge your deposit very quickly. If you want to trade seriously, then changing this setting is vital to you. You can enjoy trading, however, the main goal of a professional trader is profit. This means more than just gaining trading experience, but also proper risk management, discipline, control over emotions, execution of trading strategies in the correct mental state.
Do you trade like a pro? It is very important to analyze the ratio of risk to reward, before, how to open a position. It is also very important to trade only that money., that you can afford to lose, limit the amount of risk per trade. You need to be sure, that you can tolerate a large drawdown, avoid sinking capital on low probability setups. Do not open a position, to get an adrenaline rush. Be sure, that you have a detailed trading plan and trade it. be careful. Look for setups with a high probability, stay away, until you find a profitable setup. Impossible to make money, without risking them, however, there is a huge difference between reasonable risk and irresponsibility. Successful traders know this difference and ignore useless risks.
