Do You Think Trading is Gambling?

[ElCubano]

Quote from JSSPMK:

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.

some risks are higher than others, some are as close to sure as possible ( buster vs. tyson was supposed to be a sure thing at 40-1 ). The bottom line is it is still a gamble in the sense of chance and not knowing the outcome ( I don't care if you say eveyrhting is a gamble then ). Some gamble has absurd risk against you and some has favorable odds ( which is what we as proffesional gamblers can only try to achieve )....

 

[ivanbaj]

Yes. It is a gambling game.

Most of you play the drunk gamblers and few of us play the house.

 

[nysestocks]

Quote from JSSPMK:

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.

If you go on similar feelings when trading, then I would say that you are wrong a lot more times than you are right!

Who gives a damn about other business; we are specifically talking about trading.

This is typical of the so called experts, they like to "compare" things to try and back up their points.

The fact is, that there are no experts in the trading game, and one does need to be an expert in order to succeed, but one does need to know that one is gambling, and only then can the real possibilities be understood, and an appropriate plan of action put in place to give the best possible outcome.

I am a little disappointed at some of the posts by those with a long history, but then again, as I keep saying; many actually think they are experts, when the fact is that there are no experts in the trading game.

How can people be so blind to the fact?

 

[JSSPMK]

Quote from nysestocks:
In the end of the day, whether trading is gambling to you or not is your business. But, if you post a blanket statement like you have & then fail to justify your statement then you do look rather amateur or silly.

One more time, if an investment of capital incurs a risk of losing part of that capital is gambling, then all businesses on this planet are gambling, according to you. Basically, that's what your statement means, but you don't care.

If trading is gambling is indeed a fact, then you must be able to prove it easily.





If you go on similar feelings when trading, then I would say that you are wrong a lot more times than you are right!

Who gives a damn about other business; we are specifically talking about trading.

This is typical of the so called experts, they like to "compare" things to try and back up their points.

The fact is, that there are no experts in the trading game, and one does need to be an expert in order to succeed, but one does need to know that one is gambling, and only then can the real possibilities be understood, and an appropriate plan of action put in place to give the best possible outcome.

I am a little disappointed at some of the posts by those with a long history, but then again, as I keep saying; many actually think they are experts, when the fact is that there are no experts in the trading game.

How can people be so blind to the fact?

 

[Mr J]

Quote from Jachyra:

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).

You could simply look up the definition yourself on google.

You're missing the point. Chance can be considered to be the randomness of the distribution of results. Perhaps you don't like the term 'chance', and would prefer to just call it variance or random distribution. Either way, variance plays a major part and therefore the outcome of a trade, or the profitability of a trader over any timeframe, is not certain.

 

[nysestocks]

Quote from JSSPMK:

In the end of the day, whether trading is gambling to you or not is your business. But, if you post a blanket statement like you have & then fail to justify your statement then you do look rather amateur or silly.

One more time, if an investment of capital incurs a risk of losing part of that capital is gambling, then all businesses on this planet are gambling, according to you. Basically, that's what your statement means, but you don't care.

If trading is gambling is indeed a fact, then you must be able to prove it easily.

I don't have to justify anything to anyone, but myself!

As for caring, you got that right. I couldn't give a hoot what businesses do with their money.

Of course it is a fact, and as for proving it; just place a trade in any market and immediately tell me what the outcome is going to be, and if you are correct, every time you do it, then yes, then I will admit that trading like that is not gambling.

If you are unable to do this, then you are just a gambler like the rest of us, whether you like it or not!

Don’t take it personal, I don’t!

 

[JSSPMK]

Apples & oranges. Your question was whether TRADING is gambling, not 1 random trade. You can trade profitably with pretty low win rate anyway. Just because some trades end up as losses it doesn't make the whole line of events consisting of wins & losses a gambling activity. Not in my book

Quote from nysestocks:

I don't have to justify anything to anyone, but myself!

As for caring, you got that right. I couldn't give a hoot what businesses do with their money.

Of course it is a fact, and as for proving it; just place a trade in any market and immediately tell me what the outcome is going to be, and if you are correct, every time you do it, then yes, then I will admit that trading like that is not gambling.

If you are unable to do this, then you are just a gambler like the rest of us, whether you like it or not!

Donât take it personal, I donât!

 

[SethArb]

these two gents would have been great traders just like mr darvis was

www.youtube.com/watch?v=EexOzjz6Gn4&feature=related

in fact I see them all the time in what I trade

 

[romik]

Quote from nysestocks:

Yes or No?

Whatever, who gives a fcuk?

 

[Dackster]

Quote from nysestocks:

Yes or No?

No.