Yesterday around this time that I'm seeing this post, I was writing something about how to treat trading losses like that of gambling but I couldn't come up with something better and reading this is almost like I'm about to be the best trader because, I needed this mindset shift. I really appreciate this 🫶🏼❤️
The roulette wheel or any mechanical casino game is rather static as in it has no emotional attachments to its operation. The stock market and all markets do. In once instance it is man against machine and the other man against himself. Or even against other traders. Maybe there is an underlying psychological difference.
That's a very good point! It seems we accept randomness in the casino but in the markets it's more difficult to do so. I see a lot of traders taking the "man against market" approach too. Neither approach is helpful in my view.
Yesterday around this time that I'm seeing this post, I was writing something about how to treat trading losses like that of gambling but I couldn't come up with something better and reading this is almost like I'm about to be the best trader because, I needed this mindset shift. I really appreciate this 🫶🏼❤️
This is great to hear, Matthew! It makes me glad you took value you can directly apply in your practice. Keep going!
The roulette wheel or any mechanical casino game is rather static as in it has no emotional attachments to its operation. The stock market and all markets do. In once instance it is man against machine and the other man against himself. Or even against other traders. Maybe there is an underlying psychological difference.
That's a very good point! It seems we accept randomness in the casino but in the markets it's more difficult to do so. I see a lot of traders taking the "man against market" approach too. Neither approach is helpful in my view.