A Facebook friend asked me this morning:
Is trading in the stock market equal to gambling?
You clearly have not read any of my books OR seen my film (www.brokemovie.com)?
I have read your book on turtle trading.
And you ask me that question? What’s wrong with you? 🙂
I am confused actually. Can you please distinguish between the two?
I have done THAT in 4 books and a film! It’s my whole career.
I am asking you this question because these days firms encourage daily trading, high frequency trading, etc. In your book a position can last for months. Rule based trading which deals in positional trades for months is fine. But what about day trading?
Day trading is garbage (my books of course expand that thought out in detail). HFT is irrelevant [to almost all traders and investors]. Read all of my books and watch my film. Let’s start there. Then we can circle back and have a much more meaningful conversation. I like helping people, and I answer questions by the thousands, but I do want readers to do some basic homework.