"Conversation with a Local" video

I think it's interesting how some traders refuse to accept that trading, by definition, is a form of gambling, in that it is betting on an uncertain outcome. The true definition of gambling does not specify whether the odds are in your favor or not, so that is not the point of distinction. And I would hate to think what will eventually happen to the people who do not acknowledge the element of uncertainty...
 
Quote from Dogfish:

I made it, therefore it is both original and clever and chuffed it got picked up by zero hedge too[/url]
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I'm probably not as great a zerohedge enthusiast as you, but it's certainly a heavily-viewed site, so I congratulate you on the link.
 
Quote from Gabfly1:

I think it's interesting how some traders refuse to accept that trading, by definition, is a form of gambling, in that it is betting on an uncertain outcome. The true definition of gambling does not specify whether the odds are in your favor or not, so that is not the point of distinction. And I would hate to think what will eventually happen to the people who do not acknowledge the element of uncertainty...
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Life is a gamble.
 
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