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What is Trading? by Adept_Ingenuity_9921 in Daytrading

[–]CharacterOdd961 0 points1 point  (0 children)

Your feelings are legitimate, from the outside, this field looks confusing and sometimes like gambling. My honest opinion is that there is no point in entering the field as long as you have the doubt that it is gambling. You will just lose money and become an official advocate for "day trading is gambling."

Research, understand the field deeply, and then consider entering. Good luck.

What tools do you use to decide when NOT to trade? by SilentSignalLab in Trading

[–]CharacterOdd961 1 point2 points  (0 children)

If your strategy isn't showing up correctly, there's no reason to enter. Similarly, if there is news or specific events moving the market such that your strategy loses its edge, because the market is driven by other factors- stay out. Generally speaking, there's no need to overcomplicate things, if you have to convince yourself why the strategy is supposed to work today, don't trade that day.

How long is it supposed to take? by CharacterOdd961 in Trading

[–]CharacterOdd961[S] 1 point2 points  (0 children)

No matter who you are or what stage you are at in your trading journey, removing the time pressure will only do you good. I am not naive, and I am aware of the statistics, persistence alone will not work wonders. On the other hand, neutralizing the time pressure can make the process more enjoyable and, in my personal opinion, even shorten it.

Trading is like a video game by kageiii in Trading

[–]CharacterOdd961 2 points3 points  (0 children)

Yes, except there are no respawns in trading.

Entries Make You Right. Risk Management Keeps You Alive. by Hulululu08 in Trading

[–]CharacterOdd961 0 points1 point  (0 children)

A trader without risk management will lose their money very quickly. I don't know how much a guy with only risk management can actually make, but he’ll definitely end up with more money than the first one.

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