Could it be said that you are exchanging or would you say you are betting? The response, obviously, is “Yes”.
My Webster’s word reference’s characterizes “bet” in this way: “(vt) to face a challenge to acquire some benefit,” and, “(n) a demonstration or undertaking implying hazard of a misfortune.”
By these definitions, assuming that you are a merchant you are a speculator. The more significant inquiry is, then, are you a WINNING speculator (informal investor, merchant, financial backer . . .) or a LOSING player (informal investor, broker, financial backer . . .)? In one of my new articles, I alluded to a disorderly, heedless merchant as being neither a broker nor a financial backer, however “basically a card shark.” What I ought to have called such an individual, as opposed to “just a player”, was “essentially an uncouth speculator (or inept dealer or bumbling financial backer).”
Along these lines, what is the distinction between a triumphant speculator (informal investor, dealer, financial backer . . .) and a losing player (informal investor, broker, financial backer . . .)? Who is the best player in a gambling club? The house, obviously. This is on the grounds that the house has the chances on each game somewhat in support of themselves, they keep their wagers little (even an exceptionally huge bet for an individual is tiny for the club according to the size of their all out pot), and they play totally without feeling. The house knows that over x number of wagers, assuming they have an edge in the chances of only a little rate, where x is an exceptionally enormous number, they will beat the competition by a consistent and unsurprising sum. The club is a reliably winning speculator.
Anyway, what do you as a dealer need to do to be a reliably winning merchant? Perceive that you are betting, and play like the triumphant speculators play. Whether you are putting resources into stock, day exchanging fates or forex, or exchanging longer time periods, your speculation or exchanging procedure should have the very key components that triumphant speculators have in their frameworks.
Your exchanging framework, whether daily exchanging slotufa framework or a framework for quite some time exchanges, or your drawn out venture procedure, ought to enjoy similar benefits as the club proprietors: Your exchanging signals joined with your exchange the executives ought to shift the gamble somewhat in support of yourself, you ought to keep your complete capital responsibility on each exchange tiny connection to your absolute capital, and you ought to exchange altogether without feeling.
To give these key components, your exchanging framework, whether you make it yourself or purchase a framework “off the rack”, should have the accompanying attributes: It should give you clear, objective section and leave rules; it should give you a general benefit over the market INCLUDING considering slippage and commissions; and it should be a framework that accommodates your character to such an extent that you can work it without feeling.
Assuming that your day exchanging framework, swing exchanging framework, or long haul venture procedure doesn’t give these three key components, then you will be a losing merchant and an ineffective financial backer. Assuming that your framework gives you clear passage and leave standards, moves the chances somewhat in support of yourself, and permits you to exchange impartially and without feeling, then you can’t fall flat.