Do You Think Trading is Gambling?

[SCI new york]

Quote from nyustudent:

I don't need to do any trading at all to be able to answer a question as simple as the one asked on this thread. Its like a kindergarten level question thats not even a difficult question, or one in which there is really any debate on. Its been written about many many times in many books, journals, and research papers by many respectable people most of which you can find at any respectable university library. All you're really doing is proving that you don't know what you're talking about.

I would actually respond to the rest of what you wrote and to the two knuckle-heads who posted that meaningless drivel before you if I thought that your posts were anything more than a childish hoax. Obviously you guys aren't real traders because real traders wouldn't be making arguments that are contrary to positions that almost every other educated person who is qualified to speak on this topic has taken. Also, if your trading careers were anything more than either pathetic or non-existent, I think you would probably be focusing on trading and making money in the middle of the trading day instead of spouting your ignorance on some stupid message board.

You, and the users who posted right before you, remind me of those types of people who believe puns when people say them. Its like at some point in your lives you heard someone say that life was a gamble, and ever since then you actually believed it -- literally.

If it's such a simple question, why haven't you answered it genius?
Just because people trade doesn't mean they are chopping away all day and scalping, some traders look for opportunities and don't need to sit at their screen all day. Others don't even need to do that because they are setting position trades for a longer period and do research and study chart patterns. You clearly have no idea what it's like to be a trader and what traders do so don't try to assume anything about any of us when you probably don't even own stocks. You just registered on here today and you insult the intelligence and aptitude of the traders here when you are still a shmuck kid in college. You wouldn't know a proper chart pattern if it face fucked you. So don't come on here with your pompus attitude and think you're better than anyone. Talk all your gibberish with your hack professors about theories and pyscholgies of economies and giving yourself handjobs at night and do everyone a favor and stop posting. your time is better spent watching porn and giving yourself rugburn. You offer no insight or intelligence on here, and lack any self thought. If you want to regurgitate that horeshit your teachers give you, grab a cup and hang around penn station and preach economics in front of dunkin donuts. Your aggression on here shows your immaturity and naievity. Maybe you should sign up for one of those reality shows like TOOL academy, or maybe a new one, college hacks.

You're a moron, take it deep.

 

[ElCubano]

Quote from Pekelo:

Gambling: is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods.

Sounds like trading, but please people keep it up, this is a very entertaining thread!

P.S.: To classify as gambling you don't always need the house. If we keep betting between you and me on coinflips that is still gambling without the presence of the house.
In trading the house would be, of course your broker...

but the student read it in a book....it must be valid..

 

[ivanbaj]

Quote from SCI new york:


You're a moron, take it deep. [/B]

Deep!

 

[nyustudent]

Quote from SCI new york:

If it's such a simple question, why haven't you answered it genius?
Just because people trade doesn't mean they are chopping away all day and scalping, some traders look for opportunities and don't need to sit at their screen all day. Others don't even need to do that because they are setting position trades for a longer period and do research and study chart patterns. You clearly have no idea what it's like to be a trader and what traders do so don't try to assume anything about any of us when you probably don't even own stocks. You just registered on here today and you insult the intelligence and aptitude of the traders here when you are still a shmuck kid in college. You wouldn't know a proper chart pattern if it face fucked you. So don't come on here with your pompus attitude and think you're better than anyone. Talk all your gibberish with your hack professors about theories and pyscholgies of economies and giving yourself handjobs at night and do everyone a favor and stop posting. your time is better spent watching porn and giving yourself rugburn. You offer no insight or intelligence on here, and lack any self thought. If you want to regurgitate that horeshit your teachers give you, grab a cup and hang around penn station and preach economics in front of dunkin donuts. Your aggression on here shows your immaturity and naievity. Maybe you should sign up for one of those reality shows like TOOL academy, or maybe a new one, college hacks.

You're a moron, take it deep.

Oh, you must be one of those baboons that the previous poster was referring to. Can you please speak up a little louder because I can't hear you while you're banging your cage so loudly.

And when you finally evolve and do things like grow thumbs and learn how to read, you can go back and read my original post and realize that I did answer the question. Its not my fault that you can't understand what you read.

And nice try trying to pass yourself off as a trader -- although I guess technically the correct term would be trade monkey in your case. I don't think you're fooling too many people, but its entertaining to see you try. Make sure to reward yourself with a banana at some point before you go take your nap.

 

[ElCubano]

somebody better call websters then....considering there is no risk of losing capital in trading...

 

[ElCubano]

NYU

1) can you garauntee that the outcome of 500,000 consecutive trades over the course of many years will be a positive outcome?? when you are done answering that...print it and shove it up your professor's ass....good day

 

[BSAM]

Quote from ElCubano:

NYU

1) can you garauntee that the outcome of 500,000 consecutive trades over the course of many years will be a positive outcome?? when you are done answering that...print it and shove it up your professor's ass....good day

I need help!! I just lost my ass---LAUGHING!!!

 

[ammo]

Quote from SCI new york:

First of all rookie, who are YOU and how much trading do YOU do?
Sencond haven't you heard the expression those who can't do, teach? You realize your PhD, masters in 47 different bullshit topic professors are not traders, right? Have they ever even been involved in trading? Have they ever been in the pits? Just because a guy buys a few shares of GE in his little scottrade account all of a sudden he thinks hes warren buffets protege. Those professors feed off all kinds of horseshit about economics and whatever other shit that they read in a book from some other hack who couldnt handle trading and be successful so he got a PhD and wrote books. Their opinion matters about as much as asking a toddler for advice on the market. Your the biggest fool for spending all that money on a college education that you could have gotten at the public library.

This forum isnt filled with idiots, although it does have some. If you can tell the difference there are great people and loads of information to learn that is useful for traders. If you can't see the difference then you're a hack and get yourself a masters and a kardigan sweater and write a book on the failed economics and banking structure of corporate america and become a teacher because you couldn't possibly last as a trader.
I may make a jab here and there at some guys, but I don't do it with malice. People have thier opinions and I have mine, its a discussion forum. You want to come in here and insult people and thier lack of knowledge/education when you have no idea what you're getting into. If you're not a trader, don't waste your time being one, you won't last. Donate that money to a charity or something, do something good with it. If you are a trader, thank you for being an ATM for the rest of us. And you're an idiot.

is being a prick really being a prick?

 

[SCI new york]

Quote from nyustudent:

Oh, you must be one of those baboons that the previous poster was referring to. Can you please speak up a little louder because I can't hear you while you're banging your cage so loudly.

And when you finally evolve and do things like grow thumbs and learn how to read, you can go back and read my original post and realize that I did answer the question. Its not my fault that you can't understand what you read.

And nice try trying to pass yourself off as a trader -- although I guess technically the correct term would be trade monkey in your case. I don't think you're fooling too many people, but its entertaining to see you try. Make sure to reward yourself with a banana at some point before you go take your nap.

Do you even really go to NYU or is that as much horeshit as you being involved in equity markets? What makes you the expert?
You come on here insulting people and babbling on about this and that because your professor let you get a mouthful of his nuts, but you know nothing about the markets, and even less knowledge about trading. So since you are resorting to such childish insults, you show even more how little you know and how naive you are. It's ok kiddo, dont worry. I'm sure your mommy will wipe your ass for you some more. But when you grow up and you want to actually think for yourself and get involved in things like trading, try contributing something real before being a douchebag.

 

[ivanbaj]

Quote from Pekelo:

P.S.: To classify as gambling you don't always need the house. If we keep betting between you and me on coinflips that is still gambling without the presence of the house.
In trading the house would be, of course your broker... [/B]

Good point.

So what keeps you going? Do you just ride your luck as long as it will go? What will be the sign the one should stop trading? I got 20% in my trading account for January and 28% on my IRA account for January. Is this luck? How do I know?