Dear thread and all those watching,
The real problem with gambling and winning (any amount) is that it encourages that person to continue doing the same thing. Gamblers reward. If a gambler makes money (or at least feels they do) then why would they change to do something else. The clear answer is they wouldn't - they would continue to gamble until they blow their wod. If your mind tells you i'll quit when I make it big, forget it - you are lying to yourself. There is no such thing as big, only from a perspective level.
ie, Someone who gambles with a grand and lands 100k, will then be on the mindset that a few extra grand down is chicken feed and will automatically 'up the stakes'.
This thread is a great example (provided by my dear friend Brewski) of the clear difference between gambling and trading/investing.
Regards to all,
Lee
If there is that fine a line between gambling and trading, I'd call it gambling.
I made $11,000 a few yrs ago on my first trade. My very FIRST trade. ONE trade! 11K! In one month. My first stock. I was hooked....
I said to myself, "THIS is what I want to do!"
I would have doubled-down
How many times do I need to post that I'm gambling?
I haven't just said that in case I lose, I literally am just gambling.
I made $11,000 a few yrs ago on my first trade. My very FIRST trade. ONE trade! 11K! In one month. My first stock. I was hooked....
I said to myself, "THIS is what I want to do!"
My first gamble was a 2 horse race. I lost my money.
I said to myself, "this is not what I want" and haven't gambled since. I don't count losing money while learning to trade as gambling. That's more cluelessness.
So you are only confident of making 10% yearly return ? Though impressive, will only work for funds where they have the funds. It won't be good enough for retail.
Doesn't really matter what percentage return I get, it won't be worth the time and effort unless it's in the 000%s
Still short bought in a couple more times stop is at 21990 I was hoping for a big crash today