Trade like a casino! 🎰🎲💵

28 июл. 2021 г.

Yep you heard me right you need trade like a casino 🎰

Key bit here is trade like the casino operates their business model.

Don't trade like the clients that frequent the casinos.

Why should you trade like a casino?

Profitable traders understand how casinos are successful.

Casinos are profitable and make money because they have an edge which they let play out.

They know probability is in their favour.

How many times have we all been at a roulette table thinking we have a 50% chance of winning betting on red or black.

We all seem to forget about that green zero on the table and here in lies the casinos edge.

With having an edge they let play out it's impossible for them not to make money.

The casino is comfortable with every outcome on the bets placed knowing the edge will play out.

Losses are seen as a cost of business, risk is controlled and emotions to are in check.

This is why the house always wins! 🎰🤑

If you as a trader apply the same logic's to your trading strategies the end results will be the same as the casino.

If you choose to trade like one of the clients in the casino with no fixed rules you essentially are gambling with you trading.

Subjectivity and emotions will come in to play.

Random winning and losing runs will occur which will impact trading psychology.

This way of trading will only end in one way and that's by giving everything to the house or in this case your broker!

Development of a strategies with proven mathematical edges ensures you will become the house 🏦💰

Once an edge is established trust your strategy and let that edge play out.

-----------------------------------------

Please hit the 👍 LIKE button if you like my ideas🙏

Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌

No one likes missing out, do they?

Also, see my 'related ideas' below to see more just like this.

Thank you.
Darren