Seasoned trader, Dan addresses the common perception that trading is akin to gambling. He acknowledges that trading involves risk, much like gambling, but emphasizes that successful trading relies on having an edge, similar to how a casino operates. By maintaining discipline, setting stop losses, and making informed decisions, traders can increase their chances of long-term success. Dan compares trading to counting cards in blackjack, where having a slight advantage can lead to winning over time, despite inevitable losses but he stresses the importance of discipline and risk management.
Seasoned trader, Dan addresses the common perception that trading is akin to gambling. He acknowledges that trading involves risk, much like gambling, but emphasizes that successful trading relies on having an edge, similar to how a casino operates. By maintaining discipline, setting stop losses, and making informed decisions, traders can increase their chances of long-term success. Dan compares trading to counting cards in blackjack, where having a slight advantage can lead to winning over time, despite inevitable losses but he stresses the importance of discipline and risk management.
