Last updated on April 18th, 2020

There is a simple concept to successful trading that typically gets overlooked and discarded as soon as the everyday average ‘would-be winning’ trader encounters a few losing trades. They might have a very effective and profitable strategy but after a few losing trades, that strategy gets tossed out the window and the search for the next best strategy begins.

In this article, I am going to show you my three most favorite Volume Profile setups. All the setups can be used with any timeframe.I prefer 30-minute charts for intraday trading, 240-minute or Daily charts for swing trading and Daily to Monthly charts for planning long-term investments. Trading volume for Kohl's's stock is 13.1 million as of 12:31 EST. This is 139.31% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $5.7. Slot navigator. Sep 12, 2017 You can be sure that publicly traded casino companies will try to take advantage of upcoming technology and/or new markets. That said, let’s look at 7 public casino companies that are eyeing major growth over the coming years. Las Vegas Sands Corp. Las Vegas Sands is the world’s largest casino company with over $14 billion in annual revenue.

This is called ‘chasing performance’ and is a trap that normally leads to more losses. The way it works is that the would-be winning trader waits until the market is ‘trading well,’ winning trades have just occurred in other words, and then decides to start trading.

The moment he does, his trades lose and the feelings of betrayal and conspiracy come rushing in.

Casino Betting Coin (CURRENCY:CBC) traded 33.3% lower against the US dollar during the 24 hour period ending at 8:00 AM ET on November 19th. One Casino Betting Coin token can currently be purchased for $0.0299 or 0.00000167 BTC on popular cryptocurrency exchanges. In the last seven days, Casino Betting Coin has traded down 4.9% against.

As the losses continue to mount, there comes a time when our would-be winning trader takes more pain than he can handle and quits. Of course the next series of trades are all winners which hurts even more.

Sound familiar?

If you’re reading this, chances are you are nodding your head in agreement and can identify with this unpleasant and all too common scenario. You are not along and most of us have been there and done that many times.

Successful Traders Live And Die By Their Rules

Another typical behavior that a would-be winning trader will do is to ‘fix’ the losing trades by tweaking or changing the rules so that the losses would have been winners. Free online slots no deposit win real money. This is very common and usually proves to be a bad idea as well and is not something successful traders would ever do.

Any rule that a trader comes up with is bound to have incidents where it just isn’t going to work. Perfection in trading, that is, figuring out how to get nothing but winning trades just doesn’t exist. Do you think governments are going to allow our would-be winning trader to just mint money whenever he pleases without there being any risk involved? More likely we’ll be paying you a visit while you’re breaking rocks in Leavenworth!

It is illegal to mint your own money.

Trading has inherent risk which means there will be losses to go along with any winners you could ever hope to enjoy as a trader. By the way this type of thing, fixing losing trades after the fact with changes to your rules is called ‘curve fitting’ and that never ends well either because market conditions are constantly changing. As soon as you change the rule, you will lose again while the original rule would have won.

Does that sound familiar too?

The typical healthy growing equity curve will go two steps forward, one step back, two steps forward, one step back. Losses occur as part of a winning trade plan. The performance chaser above waits until he has just seen the two steps forward occur and begins to trade at the exact wrong time. Then, at the end of the one step back, right about the moment he has taken on far more pain than he can handle, he quits.

Casino Trading Volume Charts

He is constantly on the wrong side of the curve.

The only result will be continued losses, frustration and potential financial ruin. Sadly, this is completely avoidable and yet it still happens more often than imaginable. It is far too common and doesn’t need to be like that.

Successful Traders Understand The Success Behind Casinos

To discover the simple concept that all too often gets cast aside and that would set our would-be winning trader on the road to becoming an actual winning trade can be found by modeling what the casinos do. The casino creates a statistical advantage and then they just go about doing their business, giving the power of the ‘odds’ the time it needs to work in their favor.

Think about it.

The secret to success is so simple that it defies logic how easily it is ignored, overlooked, cast aside, underutilized or flat out forgotten when a few losing trades occur. It is one of the many strategies successful traders use to remind themselves how profits are made in trading.

What good is having the best strategy in the world, one that would make you money from now until forever, if you never learn how to get to the money and instead toss it aside as soon as some losing trades happen?

The best strategies will still lose money and do serious damage in the hands of the ill-equipped trader. Usually it will be because of the hard to control ‘need’ to either curve fit or chase performance in the quest for eliminating losing trades.

Casino Trading Volume Formula

What does that have to do with making money and being like other successful traders though?

Nothing at all and in fact it ironically just propagates the cycle of continued losses.

You have to become a great trader to make money even with a great strategy because as I said above, nothing is perfect in trading.

But what does that mean?

You Will Never Be 100% Perfect In Trading

Does it mean being able to execute trades perfectly? That’s part of it but remember, some trades are going to lose. Casino le bizet belgique de. Losing trades DO exist within a winning trade plan and trade strategy. Great traders understand this and have learned to surrender to this idea, accept it, and then begin to focus on what it really takes to become a winning trader.

They focus on being the casino and letting the house odds work in their favor, over time.

In the end, like any business, trading is a numbers game. If you can learn how to stack the odds in your favor and survive long enough so that the odds swing back around to do the heavy lifting and grow equity, you can be like the casino and succeed.

The secret to successful trading is not a secret at all. It’s just good ‘ole common sense.

Establish a statistical advantage, an EDGE in the market, and then go about your business taking the trades that over time, will allow that advantage to grow your equity.

Wins and losses will come at a random distribution, that’s just the reality of trading, no matter how good you and your strategy are.

Losing traders focus on avoiding losing trades. That never works. Follow successful traders by understanding and accepting this, establish a statistical advantage (edge) in the market and then go about your trading business by focusing on smart risk and money management.

This will give you the ability to stay in the game through the random losses, so that you can take the next trade per your trade plan enough times to let the odds work in your favor and grow your equity.

Casino Trading Volume Formula

Then it’s just a ma