Unstructured Risk - Gambling vs Index Futures Trading
By Ultimate Trading
Theres Always Risk Involved In Index Futures Trading
index futures trading market is like a stream that is in
constant motion. It doesn't start, stop, or wait for anyone or
anything. Even when the index futures trading markets are closed,
prices are still in motion. There is no rule that the opening price
on any day must be the same as the closing price the day before.
There aren't any beginnings, middles, or endings in index futures
This makes the index futures trading markets a limitless
environment, where virtually anything can happen at any moment, and
there are no structures or rules to follow. Even gambling games have
built-in structures, which sets them apart from index futures
trading -and makes them a lot less dangerous. For example, if you
decide to play blackjack, the first thing you have to do is decide
how much you are going to wager, or risk. This is a choice you are
forced to make by the rules of the game. If you don't make the
choice, you don't get to play.
In index futures trading, no one (except yourself) is going to force
you to decide in advance what your risk is. Consistent winners
always define their risk in advance of making a trade. But defining
the risk in advance forces you to confront the reality that each
trade has a probable outcome, and you could lose. This is not a
Consistent losers will do almost anything to avoid accepting the
reality that, no matter how good a trade looks, it could lose.
Without the presence of an external structure forcing the typical
trader to think otherwise, a trader can justify, rationalize, and
convince themselves that their index futures trading can't lose -
which makes determining the risk in advance irrelevant.
All gambling games have specified beginnings, middles and endings,
based on a sequence of events that determine the outcome of the
game. Once you decide youre going to participate, you can't change
your mind - you're in for the duration. That's not true of index
futures trading. With index futures trading, prices are in constant
motion, and nothing begins until you decide it should. The trade
lasts as long as you want, and it doesn't end until you want it to
be over. But its not always easy to choose when to end a trade. No
matter what you may have planned, you can become distracted, and
uncertain and start index futures trading haphazardly.
Because gambling games have a formal ending, they force a
participant to be an active loser. If you're on a losing streak, you
can't keep on losing without making a conscious decision keep
playing (and losing.) The end of each game causes the beginning of a
new game, and you have to actively put more of your assets at risk
by reaching into your wallet or pushing some chips to the centre of
Index futures trading has no formal ending. The index futures
trading market will not take you out of a trade. Unless you have the
appropriate mental approach to end a trade in a way that is always
in your best interest, you can become a passive loser. Once you're
in a losing trade, you don't have to do anything to keep on losing.
You don't even have to watch. You can just ignore the situation, and
the market can take everything you own.
One of the many contradictions of index futures trading is that it
offers a gift and a curse at the same time. The gift is that,
perhaps for the first time in your life, you can be in complete
control of everything you do. The curse is that there are no
external rules or boundaries to structure your behaviour. The
limitless characteristics of the
futures trading environment require that you act with discipline
and self-control, if you want to create a steady stream of profits.
The structure that you need to guide your behaviour has to originate
in your mind, as a conscious decision. It takes discipline, and
concentrated effort to create these guidelines. But with your
structure, your index futures trading system, in place, you can
consistently win in the markets.
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