How do you keep a check on greed if you trading in stock markets?
It's tempting 馃槑
36-40, F
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SimplyLogicalDiscipline 路 36-40, F
@MarkPaul Yup
whowasthatmaskedman 路 70-79, M
Greed is rather the point of "Trading" in stock markets. (As opposed to investing) Its is totally price dependent and has nothing to do with the actual growth in value of the stoch due to the companies business activities. Therefore the actuality of the trade is that there will be a winner and a loser in the egregate of trades. There is also a "House" edge or commission to the btokers. who take a small cut with every trade. The Broker gets paid either way of course and wants you to churn your trades as often as possible..
Anywhere else, this would be called "Gambling".馃樂
Anywhere else, this would be called "Gambling".馃樂
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SimplyLogicalDiscipline 路 36-40, F
@whowasthatmaskedman there's no technical analysis in horse race ,but trading there are proper tools in place
whowasthatmaskedman 路 70-79, M
@SimplyLogicalDiscipline There are horse betting "systems" out there. Very different to Stock trading, with different variables. But it is still about those variables, in comparison to the quality of the individual stock over time. "Value Investing" which is what Warren Buffett does, looks at the one single horse and asks "Is this a good Horse that will win for me?
Trading simply asks "Will this horse be worth more than it is today in a day or a week?"And doesnt care if you are on the back of Secretariat or a merry go round horse.
Dont get me wrong. As lomg as there is a market, trading will be a way of making a profit for the individual. But on the other end of every trade there will be a loser. So it all comes down to the best information. Those "technical tools" you describe will work, as long as someone out there is not betting against you, using analysis of those very tools to anticipate your moves and be ahead of the next move.
One other thing. In a Trading market, no actual economic growth of industry or commerce needs to be created. In fact, with the brokers commission, the actual cash value of the market as a whole can shrink, and a few will still profit. Those with the very best information. And that ISNT going to be the person using Technical tools to decide their purchases.馃樂
Trading simply asks "Will this horse be worth more than it is today in a day or a week?"And doesnt care if you are on the back of Secretariat or a merry go round horse.
Dont get me wrong. As lomg as there is a market, trading will be a way of making a profit for the individual. But on the other end of every trade there will be a loser. So it all comes down to the best information. Those "technical tools" you describe will work, as long as someone out there is not betting against you, using analysis of those very tools to anticipate your moves and be ahead of the next move.
One other thing. In a Trading market, no actual economic growth of industry or commerce needs to be created. In fact, with the brokers commission, the actual cash value of the market as a whole can shrink, and a few will still profit. Those with the very best information. And that ISNT going to be the person using Technical tools to decide their purchases.馃樂
SimplyLogicalDiscipline 路 36-40, F
@whowasthatmaskedman history repeats,not always but mostly
bijouxbroussard 路 F
MartinTheFirst 路 22-25, M
get broke because of greed, it'll give you the largest check ever.
SimplyLogicalDiscipline 路 36-40, F
@MartinTheFirst noted, didn't see you for few weeks. I hope all well at your end.
MartinTheFirst 路 22-25, M
@SimplyLogicalDiscipline how so?
SimplyLogicalDiscipline 路 36-40, F
@MartinTheFirst you were not on sw I guess
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