Ask yourself this question
Trading and gambling often attract the same kind of people. If you’re unsure which you are, here’s a test.
When you make an inadvertent trade, what do you do?
If you’re a trader, you get out of it as soon as you can. The cost of getting out is the cost of the mistake and that’s the end of it. If you hold onto it and hope it turns a profit or breaks even, you’re a gambler.
At some point or another, we’re all a little bit of both but if recognize the signs when you’re in a gambling mood, you can guard against it, refocus and stay disciplined.
Remember this post the next time you fat finger a trade.
