by Greg Guenthner
Don’t gamble. The stock market’s not a casino.
How many times have you heard that?
If you find yourself constantly dealing with knee-jerk, mistimed and unprofitable trades, you need to change your approach.
To become a consistently winning trader you must eliminate the gambler’s mentality from your trading routine. A successful trader doesn’t guess. He waits for his setup, assesses the possible outcomes and trades with a plan.