TRADING VS GAMBLING
Most would think of gambling when faced with the idea of making money at a high risk for a high reward. Even though trading could be seen as a form of gamble, the difference between those two is quite clear: In a Casino you compete against the house, On the market you compete against other players. Trading can be high risk, IF you are not well prepared.
In order to master the art of trading, you need to have a strategy and a system, have a trading plan, have a community of people who are experienced and can help you learn, and treat trading as a business not a get rich quick idea. Wall Street considers their traders: Risk Managers. At NeuroStreet Trading Academy, we want you to be a PRO risk manager, not a gambling trader, and we are going to help you get rid of the gambler mentality and start approaching trading as a professional.
Here’s a few facts about Casinos:
- 99% of gamblers lose money
- Becomes addictive and problematic
- Always playing against the house
- No system or strategy to beat the odds
- No form of probability assessment
- No long term success or consistency
- Treated as entertainment not an income source
When you trade with a gambling mentality you become subject to the gambling system.
Traders with gambler’s mentality (get rich quick mentality) will often have no strategy, no trade plan, no community, no rules, no trust in abilities, no routine, no discipline, and no statistical studies. There is no edge to this. In order to succeed as a trader, one MUST approach trading as a business not as a source of entertainment.
Watch Sean explain more on this topic on our YouTube Below
Be PROFESSIONAL not a GAMBLER. You can achieve financial success if you treat trading like a risk manager, not a gambler looking to get rich quick.