𝗛𝗼𝘄 𝘁𝗼 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗲 𝗰𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝘁 𝗽𝗿𝗼𝗳𝗶𝘁𝘀 𝗹𝗶𝗸𝗲 𝗮 𝗰𝗮𝘀𝗶𝗻𝗼 (𝗶𝘁’𝘀 𝗻𝗼𝘁 𝗿𝗼𝗰𝗸𝗲𝘁 𝘀𝗰𝗶𝗲𝗻𝗰𝗲)
Here’s the thing:
Every casino in the world has an edge over the players.
But, why are some casinos more profitable than others? And why do some casinos even go bankrupt?
On the surface, it seems like all you need is a statistical advantage over the players for you to mint money.
But, that’s only one small part of the equation.
You must also figure out how to…
- Attract new customers from competitors
- Retain existing customers
- Incentivize customers to spend more
- Keep your customers happy
- Etc.
Clearly, there are a lot of moving parts and one person can’t manage everything.
So, how does a casino do it?
The secret is this…
A casino has systems for everything they do.
For example:
#1: A casino has a system in place to incentivize their best customers to come back often by offering perks like free accommodations, transport, etc.
#2: All dealers follow a systematic way of playing Blackjack so the casino can consistently increase their revenue (and not leave it to the discretion of a dealer).
Now you might not be running a casino but, you’re managing your own trading business.
So, how do you manage it like a casino?
Well, you must have systems in place.
For example…
Risk management to ensure you don’t lose everything on a single trade.
Source of funds so you can pump in more money to your account and scale up your trading business.
Trading strategy so you have a fixed approach to enter & exit your trades — which improves your consistency.
Research & development so you can build new trading strategies and profit in different market conditions.
In other words, if you want a sustainable trading business that generates consistent profits, then you must have systems in place so your actions are consistent.
同時也有1部Youtube影片,追蹤數超過115萬的網紅Rayner Teo,也在其Youtube影片中提到,For free trading education, go to http://www.tradingwithrayner.com A few weeks back, I heard someone asking this question: “How do you find new trad...
「risk management approach」的推薦目錄:
risk management approach 在 TradingwithRayner Facebook 的最佳解答
𝗛𝗼𝘄 𝘁𝗼 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗲 𝗰𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝘁 𝗽𝗿𝗼𝗳𝗶𝘁𝘀 𝗹𝗶𝗸𝗲 𝗮 𝗰𝗮𝘀𝗶𝗻𝗼 (𝗶𝘁’𝘀 𝗻𝗼𝘁 𝗿𝗼𝗰𝗸𝗲𝘁 𝘀𝗰𝗶𝗲𝗻𝗰𝗲)
Here’s the thing:
Every casino in the world has an edge over the players.
But, why are some casinos more profitable than others? And why do some casinos even go bankrupt?
On the surface, it seems like all you need is a statistical advantage over the players for you to mint money.
But, that’s only one small part of the equation.
You must also figure out how to…
- Attract new customers from competitors
- Retain existing customers
- Incentivize customers to spend more
- Keep your customers happy
- Etc.
Clearly, there are a lot of moving parts and one person can’t manage everything.
So, how does a casino do it?
The secret is this…
A casino has systems for everything they do.
For example:
#1: A casino has a system in place to incentivize their best customers to come back often by offering perks like free accommodations, transport, etc.
#2: All dealers follow a systematic way of playing Blackjack so the casino can consistently increase their revenue (and not leave it to the discretion of a dealer).
Now you might not be running a casino but, you’re managing your own trading business.
So, how do you manage it like a casino?
Well, you must have systems in place.
For example…
Risk management to ensure you don’t lose everything on a single trade.
Source of funds so you can pump in more money to your account and scale up your trading business.
Trading strategy so you have a fixed approach to enter & exit your trades — which improves your consistency.
Research & development so you can build new trading strategies and profit in different market conditions.
In other words, if you want a sustainable trading business that generates consistent profits, then you must have systems in place so your actions are consistent.
risk management approach 在 Dr Mohd Daud Bakar - Shariah Minds - Minda Syariah Facebook 的最佳貼文
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Chairman of MyFInB
risk management approach 在 Rayner Teo Youtube 的最佳貼文
For free trading education, go to http://www.tradingwithrayner.com
A few weeks back, I heard someone asking this question:
“How do you find new trading strategies and setups?”
Now the truth is… setups and strategies are useless if it doesn’t have an edge in the markets. You can have the best risk management, correct trading psychology but, without an edge, you’re still going to lose money in the long run.
Instead, a better question would be… “How do I find an edge in the markets?”
Now, if you are interested to know, then today’s video is for you.
Because you will learn…
• The SECRET to finding an edge in the markets
• How to profit from losing traders (by thinking one step ahead of them)
• Practical trading techniques which will give you an edge
Now:
If you are still struggling to find an edge in the markets, then today’s video could be the answer you are looking for.
So, click below and find your edge.
Talk soon,
Rayner Teo
For free trading education, go to http://www.tradingwithrayner.com
Thanks for watching!
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