Do You Think Trading is Gambling?

[frozzor]

Quote from Dackster:

Wots with all this talk of morons and gambling? I'm not a gambler, and the reason i'm not a gambler is because i don't view trading as one trade....like you do.
Dackster.

moronic.
if 1 trade has .01 probability of losing money, 100x trades still has .01^100 of losing money on all 100. there is always a chance that you will be wrong, that's why it's a gamble

 

[ivanbaj]

I am confused. To gamble you need two sides, the gambler and the house. Both sides are involved but only one is gambling. The side without the edge is taking a chance. The house is also taking a chance but as long as there is guarantee of a "long run" the house will be OK and one will not consider that the house is gambling. The gambler having negative expectancy will loose in long run. The only chance the gambler has is to take a shot and if he wins to run for the hills and never try again.

 

[frozzor]

have u even read this thread at all?
negative expectancy is NOT a prerequisite for gambling

 

[JSSPMK]

Trading is not officially recognised as a gambling activity, there is simply no denial of this fact.

But if you are after opinions, then you can argue all you like & as some have quite rightly pointed out - it doesn't matter what you consider it to be, as what you consider it to be & what it is recognised as are 2 different things.

http://www.investorguide.com/gambling-vs-investing.cgi

 

[ivanbaj]

Quote from frozzor:

have u even read this thread at all?
negative expectancy is NOT a prerequisite for gambling

No.

If you reduce the negative edge to a small number then the line between who is the gambler and who is the house is not that clear. One can survive with a negative expectancy for a long time. But never the less he is gambling.

Driving a car is gambling. We have negative expectancy, but small enough for most of us to accept.

 

[JSSPMK]

Quote from ivanbaj:


Driving a car is gambling.

LOL

 

[ivanbaj]

Quote from JSSPMK:

LOL

Check your chance of getting in a serious car accident in your area. Let me know how you feel about the number you get. IMO it will be worst than bunch of games in Vegas clearly accepted as gambling. Driving a car is gambling in South CA for sure.

 

[JSSPMK]

Quote from ivanbaj:

Check your chance of getting in a serious car accident in your area. Let me know how you feel about the number you get. IMO it will be worst than bunch of games in Vegas clearly accepted as gambling. Driving a car is gambling in South CA for sure.

Risk & gamble may be of synonymous nature (in some dictionaries), though are not the same. You are talking about risk

 

[SCI new york]

Quote from JSSPMK:

Risk & gamble may be of synonymous nature (in some dictionaries), though are not the same. You are talking about risk

Main Entry: 1risk
Pronunciation: \ˈrisk\
Function: noun
Etymology: French risque, from Italian risco
Date: circa 1661
1: possibility of loss or injury : peril
2: someone or something that creates or suggests a hazard
3 a: the chance of loss or the perils to the subject matter of an insurance contract ; also : the degree of probability of such loss b: a person or thing that is a specified hazard to an insurer <a poor risk for insurance> c: an insurance hazard from a specified cause or source <war risk>
4: the chance that an investment (as a stock or commodity) will lose value

 

[JSSPMK]

Quote from SCI new york:

Main Entry: 1risk
Pronunciation: \&#712;risk\
Function: noun
Etymology: French risque, from Italian risco
Date: circa 1661
1: possibility of loss or injury : peril
2: someone or something that creates or suggests a hazard
3 a: the chance of loss or the perils to the subject matter of an insurance contract ; also : the degree of probability of such loss b: a person or thing that is a specified hazard to an insurer <a poor risk for insurance> c: an insurance hazard from a specified cause or source <war risk>
4: the chance that an investment (as a stock or commodity) will lose value

You Sir, at the very least owe me a link to where it states that trading is gambling. So far all your posts are based on your opinion, in which you exclude a possibility of being mistaken