Let’s talk about the difference between gambling and investing.

Today you walked into a casino and saw someone playing blackjack and won five times in a row. You watched this player win a lot of money. The rules are simple and easy to understand and you can get started. You pulled up a chair and went to play. Regardless of whether you win or lose, you are gambling.

Today you walked into a casino and saw someone playing blackjack and won 5 times in a row. You are proficient in card counting. You observed that this player’s 5 wins were all based on the accumulation of small cards. There is a probability that there is a big card in the card library. It’s so big, you pull up a chair and go play no matter whether you win or lose. You are investing.

So let’s use the situation of the currency circle as an example.

When I bought LPT, there was daily protection and support, and the 4-hour line rose steadily. I bought at 17.5, but then it pulled back to 15.9 and still failed to hit my stop loss. Because of the characteristics of a strong target, it is unlikely to fall by more than 10%, but has a greater chance of rising by 20%.

There is no 100% guaranteed winning rate here, it’s the same for everyone. But we can get a higher than usual winning rate from technical analysis, which can turn gambling into investment.

Then when you see FRONT, you think that the sharp rise will definitely lead to a fall, and the sharp fall will definitely lead to a rebound. Is this kind of judgment gambling or investment?

#LPT #FRONT