ARE YOU A TRADER OR A GAMBLER?

ARE YOU A TRADER OR A GAMBLER?

TRADER

1. Focuses on long-term growth, profitability, and consistency.
2. Has a valid trading plan and a back-tested strategy that they use use all the time and optimizes along the way.
3. Strictly obeys risk management principles and does not over-leverage their account.
4. Trades only when there are high-probability setups available and their entry criteria have been met.
5. Accepts their losses and does not get emotional.
6. Treats trading like a business.

GAMBLER

1. Wants to make quick money.
2. Does not have a strategy and trades based on word of mouth, some Tweets, and coin flips.
3. Uses extremely high leverage and risks half of their account on single trades.
4. Opens random positions, over-trades, and make irrational decisions.
5. Gets their mood ruined and angry whenever they endure a loss.
6. Thinks that trading is like a casino.