Trader or gambler in stock market ?????
The basic differences between a trader and gambler is :
i. Trader know it's a probability game, that requires skills.
Gambler believes it's a based on luck either I win on lose.
ii. Trading for living
Gambling for fun
iii. Trader has a trading Plan.
Gambler don't know what is going on.
iv. Trader trade in limits
Gambler don't have limits
v. Trader studies the market
Gambler just places order in markets
vi. Trader defines their risk
Gambler don't have defined risk
vii. Trader has a discipline.
Gambler do what ever they want to do.
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