Prevent Trading From Turning Into Gambling

A common view of trading is that it’s the same as gambling.

While gambling itself can be harmless when done is small doses and for harmless excitement, it becomes a problem when it’s an addiction, and causes grievous harm to a person and/or other people involved.

As a result, gambling has negative social connotations.

The actual definition of gambling is:

“Betting or staking of something of value on the outcome of a game or event.”
Trading in essence is betting or staking something of value on the outcome of a trade, but the difference is that we can take trades that place the probability of winning in our favor.

Trading for profit is a skill, and should be approached as a business in order to turn a profit from the markets. When one is trading and gets caught up in the emotional highs and lows, it’s very difficult to keep composed and rational when making decisions.

While gambling is essentially a game of chance, we can turn trading into a business by placing the odds in our favor. Having a trading system that returns us a profit after a series of both winning and losing trades is literally the license to print money.

Of course, it’s easier said than done, but there are people who understand this and have mastered the art and science of trading for profits. And if someone in the world has done it, it means that we know it’s possible to make trading a business.

Trading and Casinos

Why do casino’s make so much money? They are involved in the gambling business, right?

They win because they’re the house, and they get to change the rules so that the games favor them. If you’re the casino, the more money being gambled at your tables, the more money you make at the end of the year.

The thing with trading is that you can put the odds on your side. That’s your trading edge.

If you look at an individual trade, essentially yes, the outcome is uncertain. But if you have a system that generates profit after a series of trades, are you still a gambler?

And the point is this, whether trading is gambling or not isn’t the main issue. It’s just a psychological trick that traders allow other people to play on them.

Thinking that trading = gambling isn’t going to help you become a more successful trader one bit. If you know you have no chance for success, then why even attempt it? Give it up, and find something better to do with your life. Unless you’re trading (or gambling) for the thrill of the highs and lows!

The best way to prevent trading from turning into gambling is to start treating it like a business. Don’t plunk your money into just any trade. Have a trade selection criteria, eg. if you have 10 trades that meet your trading set-up, take only those that have the best risk:reward ratio, for example.

Stop looking at hitting that home run with one trade, but look at the long term picture of what it’s most likely going to be after a series of trades, or after a length of time.

If you approach trading as you would starting a business, then it’s much easier to prevent trading from turning into gambling.

Ryan Lee Daniels

Smart Trading For Profits

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5 Reasons Why Mario Is So Popular

As far as video games are concerned, one of the most popular characters is known as Mario. Over the 30-year-career of Nintendo, it introduced more than a hundred games for many genres and systems and enjoyed great success. Given below are 5 reasons why Mario Bros runs circles around other games. Read on.

Revolutionary style

In the gaming world, Mario offers a refreshing change. In each game, Nintendo guides you to a new, exciting adventure.

Most of the fresh Mario titles follow the same format set for Super Mario Bros. As a matter of fact, a lot of other games are inspired by the style of Super Mario Bros. This is what this game makes one of the best out there.

New format

Actually, this product is iconic as it didn’t pose the same challenges that other titles did. Throughout the game, the difficulty level keeps ramping up in a way that is enjoyable for players. The initial levels teach you how you can play the next levels skillfully. However, you won’t get detailed instructions as the design is intuitive.

The structure of this iconic game is so powerful that many of today’s developers are making new games based on it.

Design

Super Mario Bros came out when there were not so many games. The machines were designed in a way that the players had to keep paying to continue with the game. On the other hand, Nintendo adopts a different technique. The challenge was not made easier. The players lost “lives” because of their own fault not because of the game design.

The platform was based on precision, which means if you take action at the right time, you won’t fail.

Industry Success

Before the release of Mario, the gaming industry was not as successful. In fact, its revenue was coming down. Then Nintendo came forward with a new title that opened up a new world for developers.

The introduction of NES changed the way the gaming landscape looked. The new title was about adventure and exploration instead of high scores. As a matter of fact, the product became so popular that it made the highest sales revenue for many decades.

Easter Eggs

Although players were familiar with Easter eggs even before the release of Mario, they were not that common. If you have played the title, you may remember the secret warp pipes that helped you head to the new worlds. And this format opened a new world for skilled developers.

Also, this pattern encouraged players to explore the whole game in order to reveal more secrets. Nowadays, in almost every game, you can find tons of secrets and collectibles. The credit goes to Mario.

With respect to graphics, Mario may not compete with the latest titles but it has a lot of things that make it a lot better than today’s games. Many of today’s games have features that remind us of Mario.

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