1. What is trading?
Trading is everywhere, apart from the stock and financial products, emotions, fear, love all intangible things are traded. BTW this is not what we will discuss, lucky you :rofl:.
In the financial world, Trading is defined as distribution or accumulation of wealth, in the end it is a zero sum game. Einstein said the energy cannot be created or destroyed it can be transferred from one form to the other, in financial trading money is not created nor destroyed. It is just transferred from one to the another.
Simply to define it, Trading is Cheating !!! If you get this one definition right in your head, you will go a long way in this profession. Once we have defined this definition, now comes the next question, who do you think you can cheat?
Get into a real life scenario, think of people around you whom you would find difficult to cheat and those whom you can cheat easily. You will get the answer. Yes will agree that it is difficult to cheat someone who is a bully, informed, smart, aggressive, but quite likely that you can cheat someone who is fearful, a simpleton, a fool. Yes, there you are, you can cheat fools, and they are there in plenty. What is easier to do to pick a pocket or bend down and take out some coins from blind mans bowl. I know I am sounding grose. The latter is easy, and we need to do it, because as defined trading is cheating. You will make little from him but you will make it daily. Unlike pick pocketing where you can probably make more, but if you are caught, you will be thrashed and some day your hand will be cut, then you cant even pick up the coins from the blind mans bowl.
So my friends, though I may call you one, in the market we actually arent, every day I am looking how to get your money and similarly you need to do the same with me too :thumb:
Cheat the fools, look out for them, keep searching, there are many every where and they always will be.
Regards,