Do You Think Trading is Gambling?

[nysestocks]

Quote from ivanbaj:

I think I get it. Assuming that the game is a betting game, and the car is worth $100,000, and you have to bet $40,000 to play the game.

The chances of picking the correct door is 1/3. You do not have an advantage. Playing will be gambling.

But assume the host (who knows where the car is) opens a door with a goat now you have an advantage and it is not gambling on a long run.

To trade you need to find this type of information in the price/volume MP what ever and create an edge.

This is the typical misunderstanding that arises from the deep pit on non-sensical rubbish that is available to the general public!

The next thing we will hear is that a trader can develop an "edge" by applying some common TA rules to charts, in one form or another, and all they have to do is experiment and get the right "combination" - really, talk about Mr and Mrs Gullible and to crown it off, the trader can also create a so called "positive expectancy" system by becoming disciplined at what they have discovered - what a joke

Trading for profits is the simplest thing in the world to do, and that is why so many can not do it!

 

[tickmagnet]

Honestly , I think it is. You don't own anything , just the promise , and you bet for outcome .

 

[tickmagnet]

And it beats me , why this Fukin Gov. wants to regulate
sports betting and doesn't want to regulate the wall street.

 

[nysestocks]

Quote from ElCubano:

how do you know when you are gambling or not??? after the fact??

Anytime you put your money at risk you are taking a gamble, aka, gambling!!

 

[Doug Allen]

Quote from Mario66:

if you dont know what your doing its gambling. If youve been doing it for years and know whats going on its strategy.

Great point.... I think I learned something new from this post.

Experience, i.e., doing it for years, helps ingrain the odds into your head subconsciously. Therefore, enough of the random luck factor is removed.

Thanks!

Doug

PS... Mario66.... you wouldn't happen to be from Pittsburgh, would you?

 

[nysestocks]

If you don't know what you are doing you should not be doing it, aka, stupidity!

If you have been doing it for years, then you should know what you are doing!

If you are still doing it for years, and don't know what you are doing, then stupidity can be replaced by addiction.

If you are addicted and losing you might need help.

If you are addicted and winning you might want to help others.

 

[ivanbaj]

Quote from MAESTRO:

ABSOLUTELY!!! That is the ultimate answer to the topic of this thread!

Interestingly my trading has come to this:

If price is trying to go UP and fails then go short.

If the door opens and there is a goat, change doors.

It feels more like playing a chest game than gambling.

Works well.

 

[nysestocks]

Quote from ivanbaj:

Interestingly my trading has come to this:

If price is trying to go UP and fails then go short.

Sometimes, but if you do this all the time you will be one sorry trader!

If the door opens and there is a goat, change doors.

Goat is actually very nice when cooked gently!


It feels more like playing a chest game than gambling.

Works well. /QUOTE]
.

 

[ElCubano]

Quote from nysestocks:

Anytime you put your money at risk you are taking a gamble, aka, gambling!!

I guess you don't read what people are posting...

 

[heypa]

Maestro A Freudian slip (chest) ?