Trading Tips No 7: Developing a Casino Mentality for the Day Trader



Get Learn Investing Secrets on mps-investing.com. Trading Tips No 7: Developing a Casino Mentality for the Day Trader topic will increase your understanding on Learn Investing Secrets. We at mps-investing.com only provide news, articles, information in Learn Investing Secrets. Learn Investing Secrets at mps-investing.com provides the most up to date news and articles. If you have questions please do not hesitate to contact us.

Summary:

I submit that the successful day trader would profit well to adopt a casino mentality. What do successful day traders and casinos have in common?

As a day trader, what if you were the casino - that is, on the winning profiting side.


Article:

I submit that the successful day trader would profit well to plagiarize a show biz mentality. At first glance, this sounds reckless and nothing more than a gambling predilection - but it’s not. Why? inasmuch as everyone knows that it’s the casinos that profit and take in all the money on a consistent basis. And, of course, the patrons end up losing even adjusted to run down winning streaks.

If you want to profit in the market, ask yourself this question:

1. What do successful day traders and casinos have in common?

As a day trader, what if you were the show biz - that is, on the winning profiting side. You could expect to profit consistently. You would be unperturbed by an occasional drawdown (like the casinos when someone hits the jackpot), considering you know that you potentially will make it back and more.*

This is what successful day traders and casinos have in common; they both have a winning system that in all conscience puts the odds in their favor. The more they “play” or stick with the profit system of their choice, the more likely a positive outcome. It’s only a matter of time, seeing the odds are in their favor.*

By thinking like the spa and not the hapless gambler, getting on the right side of the table, putting the odds in your favor, and working the system, the day trader can tap into the same phenomena that prefab Las Vegas and run away with a killer profit.*



Casino Mind Power Secrets. - Discover how to win casino pots with the power of your mind!
SlotMachinesMastery.com. - Discover The Secrets That Casino Owner Are Hiding From You! Make Big Cash Playing the Slots! Best Affiliate!


Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27


More Articles:


1. Before You Start Investing By Quoc Nguyen
Summary: There maybe several reasons why you to want to invest your money. Paying down that loan is like investing your money in stocks with a 10% annual return without tax consequences and risk free. Paying down your mortgage:If you want to pay down your mortgage earlier than required, compare your mortgage interest rate to an investment that you intend to invest in to make your decision. Another reason that you may not want to pay down your m…

2. Asset Allocation: Critical to Your Investment Success By Tim Olson
Summary: This reduces risk if one of the companies should fail, but is useless when the technology industry (or entire stock market) slumps. Asset allocation goes beyond diversification to reduce risk across all type of financial assets (cash, stocks, bonds, commodities, real estate, and even venture capital or hedge funds). Choosing to purchase only stocks, only bonds, or any single asset class increases the risk of losing money if that market…

3. Is Your Mutual Fund the Right One for You? By James Marriott
Summary: Investing in mutual funds basically means buying shares of the mutual fund and becoming a shareholder.Having read this, you may have now decided to buy a mutual fund. 'Load' is basically a commission that has to be paid to the broker when you buy the fund while 'no load' mutual funds are free from such commission hassles, as they're sold directly by the investment company.It's best to consult an investment counselor before plunging into …

4. An Introduction to Offshore Investing By Jeremy Pickles
Summary: Again, residents of the USA in particular are not acceptable as clients in many offshore investment funds, but this can be worked around by establishing a suitable offshore company or trust.It is most important that you do not engage any professional advisors who are 'foreign' to the offshore investment field. Once you are happy with the safety of your investment in a particular country you need to perform thorough due diligence on the p…