Do You Think Trading is Gambling?

Do You Think Trading is Gambling?

  • Yes

    Votes: 140 44.7%

  • No

    Votes: 173 55.3%
  • Total voters
    313
Care to post a link to where you've read that trading is indeed gambling. TY! Not a blog :)

Quote from BSAM:

Exactly.

Now, watch this:

1. The sky is blue.

2. It's dark at nighttime.

3. Dogs bark.

4. The Lakers play basketball.

Okay, let's see how long it takes for some of our certified geniuses on ET to "prove" these statements false.
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Quote from nysestocks:

Do you "actually" trade?
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...asks the man who only just registered on this forum less than 2 months ago, and doesn't know the difference between trading and gambling.

And for the record I've been trading full time since 1998 and have posted only 2 unprofitable years. I would ask you the same question but somehow I suspect I would get less than a truthful answer.
 
Quote from Mr J:

You're just choosing the definition which suits your argument. Chance can refer to randomness, predictability, probability etc. It's a much less specific word than 'gamble'. When dealing with the various outcome of events, chance just refers to the randomness of the outcome.

I can state that all traders are gamblers, because the definitions do support that argument. Throw out the legal definitions of gambling - it's formed by lawyers or politicians with an agenda, who don't understand the key mathematical principles behind the activities.

I have not made up any definition of gambling, it's right there in the dictionary. Furthermore, my arguments are supported by those in the field of mathematics, professional 'gamblers' and quite a few successful traders. The only incorrect definition of gambling being thrown around in this thread is to suggest that skill determines whether it is gambling, or whether gambling is restricted to just casino games, poker, sportsbetting etc.

I don't really like this discussion as it is quite trivial. What should be discussed is the mathematics behind the two activities, and how they are essentially the same.
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I posted the sources of my definitions. Feel free to post a definition and cite the source that supports your argument... otherwise, I think you might be the one who is picking definitions that suit your purposes (or possibly even fabricating them).
 
Quote from nysestocks:

Any time you put your money at risk, you are gambling!
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If you know the answer, then why open a poll? And you seem to have a great answer to your question. All businesses on this planet seem to be gambling.
 
Quote from Jachyra:

...asks the man who only just registered on this forum less than 2 months ago, and doesn't know the difference between trading and gambling.

And for the record I've been trading full time since 1998 and have posted only 2 unprofitable years. I would ask you the same question but somehow I suspect I would get less than a truthful answer.
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Hmm, up to now I did not believe in luck!
 
Quote from JSSPMK:

If you know the answer, then why open a poll? And you seem to have a great answer to your question. All businesses on this planet seem to be gambling.
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To show how many idiots think they know what trading is really all about!

It is about time the so called "elite traders" were put in their place, as it appears that some here think they are actually the site itself!

I have never seen so much rubbish spoken about trading, by so many so called "experts", and the reality being that that are but like a grain of sand in the desert!

It is no wonder the ordinary person who tries to make money at trading ends up so confused that he/she can't tell the difference between Up and Down!
 
Quote from BSAM:

Exactly.

Now, watch this:

1. The sky is blue.

On a clear day

2. It's dark at nighttime.

Without any lights

3. Dogs bark.

Only when they are not eating

4. The Lakers play basketball.

Dont have a clue about this one, but I take your word on it :)

Okay, let's see how long it takes for some of our certified geniuses on ET to "prove" these statements false.
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I have a feeling I am talking to some stubborn teen, you said if one risks capital then he is gambling. In which case you apply it the term gambling not just to trading, but to absolutely all business activities, as all business activities carry risk to capital.


Quote from nysestocks:

To show how many idiots think they know what trading is really all about!

It is about time the so called "elite traders" were put in their place, as it appears that some here think they are actually the site itself!

I have never seen so much rubbish spoken about trading, by so many so called "experts", and the reality being that that are but like a grain of sand in the desert!

It is no wonder the ordinary person who tries to make money at trading ends up so confused that he/she can't tell the difference between Up and Down!
More...
 
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