Automated Trading Is Gambling

Simples said:
Hope is similar to faith, in that many people mistake belief for faith. Faith doesn't require any belief. It is in fact lessened by limited beliefs, or so-called facts. In its core faith is about that inner conviction to persevere and trust in something bigger than oneself, even when it's just mutual trust.

Hope also has a core of truth, and is indeed almost the same as faith. Hope is that inner strength where no matter how bleak and dark it gets, one remembers that after rain comes sun. So it is both a kind of faith in that events tend to turn around, but also from experience, some wider perspective of having lived through many such cycles already.

Faith and hope can both be a source of integrity (honesty), willpower (determination) and strength (value).

However, when faith becomes limited by beliefs or hope becomes limited by dependency and helplessness, they may by mistake become a source of weakness as well.

The difference is Knowledge, and applying it in day to day life.
More...

i see a bit different in this case

the opponents of word gambling in case of trading imply that traders do not hope...

but what are they doing?

they are hoping... that their method will work... one may call it expecting, but those expectations are also hope

we are gambling and hope all the way throughout all our lives... people just do not think about it, that all our lives are just set of different probabilities which we hope will realize in our favor... no guarantees anywhere :)

and the knowledge is only knowledge of probabilities, based on laws of nature

like there are enormous probabilities that the sun will rise tomorrow,.. but no guarantee

actually any guarantees are also based on hopes :)
 
Trading is much more objective than typical forms of gambling. I wouldn't regard trading and investing as gambling. Gambling is where the odds are stacked against you, whereas with trading, the odds are stacked in your favor if you're logical and rational.
 
Last edited by a moderator:
  • Like
Reactions: d08
lawrence-lugar said:
This forum post made me recall a recent Vegas documentary I just watched:

The Player: Secrets of a Vegas Whale (2014)
It's a good documentary...talks about blackjack, casinos, whales, 2008 housing crisis, wall st, trading, odds, strategy, etc, etc,

There's a few parallels you can make between trading and Don Johnson's blackjack success story,
More...
It's an interesting documentary. Thanks for posting. In summary he went big when odds were in his favour.... plus hired the odd porn star to distract the dealer. Nice trick :)
 
qxr1011 said:
i see a bit different in this case

the opponents of word gambling in case of trading imply that traders do not hope...

but what are they doing?

they are hoping... that their method will work... one may call it expecting, but those expectations are also hope

we are gambling and hope all the way throughout all our lives... people just do not think about it, that all our lives are just set of different probabilities which we hope will realize in our favor... no guarantees anywhere :)

and the knowledge is only knowledge of probabilities, based on laws of nature

like there are enormous probabilities that the sun will rise tomorrow,.. but no guarantee

actually any guarantees are also based on hopes :)
More...

One type you described is rather likelihood and has a basis to expect something by applying knowledge and logic.
The other one has nothing to support it.

I can't say it makes sense to describe both with the same word.
 
qxr1011 said:
i see a bit different in this case

the opponents of word gambling in case of trading imply that traders do not hope...

but what are they doing?

they are hoping... that their method will work... one may call it expecting, but those expectations are also hope

we are gambling and hope all the way throughout all our lives... people just do not think about it, that all our lives are just set of different probabilities which we hope will realize in our favor... no guarantees anywhere :)

and the knowledge is only knowledge of probabilities, based on laws of nature

like there are enormous probabilities that the sun will rise tomorrow,.. but no guarantee

actually any guarantees are also based on hopes :)
More...

It`s not a philosophical question.
 
People appear to associate a negative stigma to the word gambling when it comes to trading, maybe having a belief gamblers are society rejects and addicts out of control.
I systematically trade, have done for decades, and imo, I gamble on every trade, not much different from trackside horse gamblers they study the form guide and place their bets. As well, I'm hooked on trading, everyday I study it, 7 days a week, year on year.
If someone called me a gambler, I would look at them quizzically and say "so?"
 
Last edited:
lovethetrade said:
Trading is much more objective than typical forms of gambling. I wouldn't regard trading and investing as gambling. Gambling is where the odds are stacked against you, whereas with trading, the odds are stacked in your favor if you're logical and rational.
More...

Parimutel wagering, poker and even blackjack do not have odds stacked against you if you are a professional player.

Same thing can be said about the market.
 
You must log in or register to reply here.
Back
Top