I'm a gambler! I can't see into the future! You are obviously, Gods, second son on this earth. If that's the case,......what's the point of the Nobel Prize, anymore?

Good post there Frugi, i totally agree.

One thing i always tell people is, if you think its gambling, then stay away, trading shares is not for you.

Thanks Frugi

Good for you RudeBoy

I do suggest you learn how to read charts better, the chart already know about news, and the chart already knows whats going to happen, because its in control by "smart money". Thats how ive never lost a penny.

Please excuse me though, as i dont know much about Forex, i would not trade it, i like stocks.

Matt

The reasons for bad on this earth, is for the fact of people being untruthful and unseeing. I'm not all good, but at least i am truthful with myself and others.

Well try not to get too wrapped with satisfied feelings along those lines maybe..... I mean having locked opinions can be costly in the markets at times....... we might want to defend them in order to satify ourselves that we are correct etc. and this is how we are nurtured,conditioned and programmed to be in society.... theres a good boy thats right have a twinky bar....... or thats wrong, get to your room dont be or you are (instead of saying behaving silly) Silly and Wrong, bad,bad bad,,,,,,, and so with minds formed as adults we venture to the markets.......

time later and money spent... we may if lucky, or fortunate by association of a wise one reach for a rewire manual.....

Sherry.... you Bird.....

Ive drank my 2 bottles of annual port..... southern comfort, baileys..... reduced to red wine and tennents .....

GameOver,

A number of people have tried to convince you that trading and gambling are very close relatives. I'll have a go too

You choose the definition of gambling as:
"BETTING ON AN UNCERTAIN OUTCOME"

I'll stick with your definition and add an extension for the professional gambler (which I believe a good trader to be).

A professional gambler repeatedly "bets on an uncertain outcome" but uses money management, a positive statistical edge, and discipline to win money over a period of time.

I trade the HSI and place between 5 and 10 trades each day. Each trade has an uncertain outcome. Each day also has an uncertain outcome because the sequence is too small for the edge and statistics to play out with "near" certainty. If I obey my gambling rules then the odds mean that over a week with 25 to 50 trades I will almost always make money.

So, on a trade by trade basis I gamble (professionally, and I hope skillfully). But my weekly sequence is nearly certain.

Thats what traders do. Investors may take the "this isnt gambling view" and depending on how important this is to their self-belief they may do damage to their accounts to maintain it. You seem to be saying that each purchase WILL result in a postive outcome - but the only way you can achieve that is to hold each one for a profit (or die with it in your portfolio). THIS IS NOT TRADING - its investing and protecting ones self-view.

So a trader takes a risk with each trade placed.

His edge and his money management create an income stream.

The difference between a TRADER (not an investor) and a non-professsional GAMBLER lies in the experience and attitudes. A gambler gets a thrill etc etc ... a professional is calm and disciplined. Most traders have an element of gambler in them but work on themselves to change it to the extent that it damages their ability to generate an income stream.

OK. Thats my attempt.


Edit: LOL ... composed while Frugi replied and the last 6 posts occurred.

Hello gameover , now these companies that you own..... start lisitng the risks of any company.. before you get to the creative accounting side of a persons nature. theres lots of risks as a shareholder, but you expect a return for assuming that risk.


dont forget about dumping shares to open a position, you dont need to be loyal sell it till it bleeds..

and... it may help if you can say what you objectives are ?

make money or be right...? do not worry about proving people wrong and yourself right, it will likely cost you big time, hasn't your mentor mentioned anything about this ? just welcome difference thats when opportunity to make money is greatest, when those opinions cant be changed by the owner.. err they will be forced.

Again..........long.

I hold for up to 2 years.

gameover what return do you expect for 2 years on your risk ? typical %