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Author Topic: Trading on the financial Market?  (Read 4488 times)

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MrPerfect.

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re: Trading on the financial Market?
« Reply #15 on: February 20, 2017, 12:12:16 AM »
Wheels require team or lots of free time. I have none of these.
I can explain abit . You know diference between say professional basket player and amateur, who play in the yard ?
Diference usually is very big. That yard player of course sometimes can be also as good as professional , but chance for that is one from thousands.

The same is with game - you cant do good if you need free time for that and no matter if that is roulette or if that is financial trading.... think about that ...
Fair enough.  Everything require time. I can currently go and play 2 times a week at night. Wheel is good, everything is nice, but only these 2 nights there are players there. I'm researching other wheel, wich will take 1 more weak at least.... if it show edge- good, if not l have to do something in the mean time. Markets are as good as anything else. And there is no heat or need to hide what you are doing.
« Last Edit: February 20, 2017, 12:24:12 AM by kav »
 

Bebediktus

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Re: re: Trading on the financial Market?
« Reply #16 on: February 20, 2017, 08:03:15 AM »
Markets are as good as anything else. And there is no heat or need to hide what you are doing.
Market is the same game, like roulette, like sport bets, like poker. And in every game wins these, who are bests. If you think, that you are best in tradings - perfect - go to market and do your money.

 Only still, to make money you must be professional in that . And two times per week in nights  for sure - not enough to become professional :)
 

Reyth

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Re: Trading on the financial Market?
« Reply #17 on: February 20, 2017, 08:11:10 AM »
If we are talking about mastering a particular thing, I am a huge believer in a minimum of 15 minutes EVERY DAY studying and working with that thing (Sundays off is OK).  The key of course is every day.
 

Bebediktus

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Re: Trading on the financial Market?
« Reply #18 on: February 20, 2017, 09:04:03 AM »
If we are talking about mastering a particular thing, I am a huge believer in a minimum of 15 minutes EVERY DAY studying and working with that thing (Sundays off is OK).  The key of course is every day.
Oh no - in all universities one lecture is about 2 hours, in sport also one training is about two hours. That 2 hours are taked not from sky....

You think that for basketball players will be enough to train 15 min per day ? I think such players will  reach no results...
 

scepticus

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Re: Trading on the financial Market?
« Reply #19 on: February 20, 2017, 03:25:00 PM »
If we are talking about mastering a particular thing, I am a huge believer in a minimum of 15 minutes EVERY DAY studying and working with that thing (Sundays off is OK).  The key of course is every day.

It used to be said that it takes 10,000 hours of study  to be proficient at anything worthwhile.
 

Geoffrey

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Re: Trading on the financial Market?
« Reply #20 on: February 20, 2017, 03:53:03 PM »
Bayes is right on this: Binary Options is gambling in terms of trading. And i wouldn't give forex attention also.

First of all you have to think about how you stand at the stockmarket. What do you want to achieve? for example gaining a little extra savings. how much are you willing to invest. what would be your riskprofile. What is your final target you are aiming at?

these questions are more important then you think. because stock market has different posibilties. and soms are better suited than others, depending on what you are willing to achieve. theres so many to trade from , if you are new to this, you simply dont know what could be best for you. so start off with answering these questions for yourself.

This will guide you through the market and you'll end up finding the branch that feels right for you to trade on.

let me be clear, there is no such thing as easy money, the stock market is no exception. It only has one big difference with roulette.

while in roulette, everyspin is completetly independend. the stock market isnt. What happens in the US will affect Asia and Europe, and the otherway around. In roulette there is no such thing, past spins could indicate something , but there have little to none effect on the outcome of future spins. In the economic world its much easier to forcast what will happen.

So while roulette is much more depending on luck. the financial market depends more on the knowledge you have build up and the skills you have under your belt. the more expierenced you get, to more you'll be able to 'read' the market. It all starts with doing your homework which is time consuming. but if you do it right, the reward will come in the end.

in casino it doesn't matter how devoted you are, it comes down to variance/ luck. the only difference with being a rookie or an expierenced player in casino , is that you will last longer. If you are an expierenced trader, you will come out ahead.

Oh and juice, you are entitled to have your opinion. And if you are just talking about options , i have to agree we are better of doing some roulette. But the stock market has many other things to offer than just options. And in the end if you know what you are doing, the stock market will provide you an income, which roulette wont.

 15 min Everyday practive, reading learning, will take you to much time to get there, it simple is very much to digest.

In my opinion and that's only referering to myself. If you really work extensively (about 10-20 hours minimum a week) you'll be a good trader in a bout 2 years time.

But that doesn't promise you a goldmine yet. A lot depends on your charactar. how you cope with losing trades. and even so this seems simple to do: the ability to stick to your plan. this seems so logical, but most traders deviate from an original plan from the moment things aren't supposed to turn out the way they should. Its the ability to handle these situations that will determine if you''ll become succesfull or not
« Last Edit: February 20, 2017, 04:37:21 PM by Geoffrey »
 
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juice

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Re: Trading on the financial Market?
« Reply #21 on: February 20, 2017, 04:20:46 PM »
I was only referring to options. Equities are a much easier approach.
 

MrPerfect.

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Re: Trading on the financial Market?
« Reply #22 on: February 20, 2017, 05:45:47 PM »
I was only referring to options. Equities are a much easier approach.
Options are good, nothing wrong about them. Profit potential is simply huge. Yes, there is a house edge to overcome.... in short, you need to be right at least 90% of the time to compound it properly. On other hand, no one says to trade always, there are good and bad times. I mean, if someone to go egainst a trends and without understanding,  he is doomed. But what if not? If one is prepared? I see kids making huge money out of it in matter of minutes.  What if one adopted " sure hit " strategy? Like betting when everything is right?
  Variables are similar to roulette after all... there is historical to study.... and best thing of all, they do not change anything!!! If there is a correlation between prediction and outcome, it's dependent events.
   I see lots of opinions... where is practical expirience result? Who express their opinions based on genuine practice? 
« Last Edit: February 20, 2017, 06:41:49 PM by kav »
 

Geoffrey

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Re: Trading on the financial Market?
« Reply #23 on: February 20, 2017, 07:28:00 PM »
today, half my monthly income i get from trading. Have been doing so last 5 years. To get to be able to get a living from trading is just a matter of time.

 
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Reyth

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Re: Trading on the financial Market?
« Reply #24 on: February 20, 2017, 07:36:48 PM »
Well 15 minutes a day is extreme but after a year the amount of knowledge and skill gained, is amazing for such a small time.  I think that is the point.

A person with a very busy schedule that aspires to master a new field of endeavor can benefit greatly from 15 minutes a day (EVERY DAY) studying and working in that field and even to the point of mastery.
« Last Edit: February 20, 2017, 08:51:02 PM by Reyth »
 

Bebediktus

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Re: Trading on the financial Market?
« Reply #25 on: February 20, 2017, 07:38:10 PM »
today, half my monthly income i get from trading. Have been doing so last 5 years. To get to be able to get a living from trading is just a matter of time.
Guys, are few things, which you must consider. No mater trading or play - winners are only, when are losers . So part lost and part win. That part which lost is much bigger...
I have cousin, which made not bad money from trading about 15 years back, but now he that changed.
I have one  very good friend which also in some time done good money  on trading, but then turned to poker...

What can i say from all that - not all is so beautiful in that trading :)
 
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Geoffrey

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Re: Trading on the financial Market?
« Reply #26 on: February 20, 2017, 08:16:38 PM »
today, half my monthly income i get from trading. Have been doing so last 5 years. To get to be able to get a living from trading is just a matter of time.
Guys, are few things, which you must consider. No mater trading or play - winners are only, when are losers . So part lost and part win. That part which lost is much bigger...
I have cousin, which made not bad money from trading about 15 years back, but now he that changed.
I have one  very good friend which also in some time done good money  on trading, but then turned to poker...

What can i say from all that - not all is so beautiful in that trading :)

Yeah most of traders are losers in the end. these are the aprox figures. 85% lose on trading . 6 % make profit consistently, 9% of traders do trade for a living and remain succesfull.

Its not because a cousin or a friend, had a good run for a short periode that the financial market cant be beaten.

Having a good run is easy. to be a consistent winner is the hard part, but less hard than roulette.
 
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Reyth

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Re: Trading on the financial Market?
« Reply #27 on: February 20, 2017, 08:53:07 PM »
I think we experience in roulette much more quickly what the traders experience in the market; it is like online RNG roulette versus B&M roulette -- online roulette spins 10x as fast as B&M and so the results are magnified in time.

But one other thing, Tickseeker showed clearly that our random flow is NOT the same as the market flow but I think it can be said that they share similar features; specifically the depth of a "losing run" that is possible.
 

Shadowman

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Re: Trading on the financial Market?
« Reply #28 on: February 20, 2017, 11:15:57 PM »
I think that the crux of the matter with both trading and roulette is that you need an edge. I think that to find it in both spheres takes a lot of work, hence the number of losers. The biggest difficulty is actually finding the edge in the first place and a viable way to taking advantage of it............there is an awful lot of misinformation floating about and it certainly takes some time to sift the chaff from the wheat........I am still sifting.

Mike
 
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Reyth

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Re: Trading on the financial Market?
« Reply #29 on: February 21, 2017, 01:26:00 AM »
I think if your edge revolves around or near 450 bet numbers before receiving a hit, you have a real edge.