Do You Think Trading is Gambling?

[JSSPMK]

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??

Take 1 event:

If you make a gambling type bet there is no way to guarantee that you won't lose your stake. On the other hand it is possible to put on a trade & guarantee that nothing will be lost

Some will be scratching their heads right about now

 

[ElCubano]

Quote from JSSPMK:

Take 1 event:

If you make a gambling type bet there is no way to guarantee that you won't lose your stake. On the other hand it is possible to put on a trade & guarantee that nothing will be lost

Some will be scratching their heads right about now

and nothing will be gained....in the end you will lose to the house, unless you are paper-trading like NYU

 

[JSSPMK]

Quote from ElCubano:

and nothing will be gained....in the end you will lose to the house, unless you are paper-trading like NYU

No risk=not a gamble, obviously not a lucrative proposition, though I believe I just proved that trading is not gambling, though it can be.

Hopefully, you know which type of a trade I am referring to.

 

[ElCubano]

Quote from JSSPMK:

No risk=not a gamble, obviously not a lucrative proposition, though I believe I just proved that trading is not gambling, though it can be.

Hopefully, you know which type of a trade I am referring to.

then with that logic you could say since most trades carry some risk in order to have some gain trading then must be GAMBLING....

assuming "no risk = Not a gamble" therefore "risk = gamble"

 

[JSSPMK]

Quote from ElCubano:

then with that logic you could say since most trades carry some risk in order to have some gain trading then must be GAMBLING....

You are twisting words now. It's simple, in trading it is possible to eliminate risk of a loss, in gambling games it's impossible to achieve.

 

[SCI new york]

Quote from JSSPMK:

You are twisting words now. It's simple, in trading it is possible to eliminate risk of a loss, in gambling games it's impossible to achieve.

You can not eliminate risk in trading. If you do, you are not trading.

trade   /treɪd/ Show Spelled Pronunciation [treyd] Show IPA Pronunciation
noun, verb, trad⋅ed, trad⋅ing, adjective
–noun 1. the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries: domestic trade; foreign trade.
verb (used with object) 12. to buy and sell; barter; traffic in.
intr.

To engage in buying and selling for profit.
To make an exchange of one thing for another.
To be offered for sale: Stocks traded at lower prices this morning.

 

[ElCubano]

I can eliminate risk by keeping it in the bank whats your point and even then, as we can clearly see by recent events , can in itself be a huge gamble

I know what you mean and what you are trying to express, but you yourself said

"no risk = no gamble" and im saying therefore "risk = gamble"..maybe you can divuldge your edge and show us some riskless trades.

 

[nyustudent]

Quote from SCI new york:

Do you even know how traders work? what they do? Or do you think because you put on cnbc in the morning and have a flat panel monitor that you are george soros?
You read the alchemy of finance and you all of a sudden have a complete grasp on all capital markets are you can start trading palladium and the nikkei in your spare time and make a zillion dollars from a thousand dollar e trade account. Your teacher told you to read market wizards and now you're nick leeson.
You read the books by the "experts" but you don't understand how things work in the trading world. If nick leeson would have been correct in his trading and made 1.3 billion dollars for barings he'd be an expert too, but because he lost it, hes a gambler/fool. T boone pickens is an oil "expert" but in truth he's just a guy that got lucky and hit it big. Now everyone thinks hes an oil God when he's not, hes a regular guy and doesn't have any special skills. He's also the so called "genius" that said oil was going to $200. Yea, REAL expert. If you want to go by what those guys say go ahead, I love seeing guys like you zero their accounts. You have no idea who I am and what I do, the amount I trade, how I trade or anything about my business nor anyone else's on this forum. So other than your little fans on here, you're still an infidel. You are a rookie in every sense and know nothing. This thread is about the correlation between gambling and trading, not your pathetic excuse for help or lack of knowledge other than your overuse of your econ 101 terms that you want to abuse. You have made no valid input into this thread and you are a waste of life. You are the poster child for abortion.

Trading is gambling. You can belive it, or you can not believe it. You can not disprove it. Links can be posted showing OPINIONS, and what is accepted to be common knowledge. But NO FACTS.
I have laid out clearly the definitions of risk, gambling, and investing in this thread. It should be clear if you can comprehend english that trading is a form of gambling. If you choose to belive otherwise go ahead, but that doesn't make you right.

I've grown tired of your mindless posts and weak arguments. Grow up kiddo. Finish up your little degree so it can do nothing for you. Keep trading that thousand dollars in your etrade account and buy your 5 shares of apple and think of yourself as knowing what its like to be a trader.

Oh, I believe that you've grown tired of talking about this, but its because you're probably starting to finally realize how you continue to contradict yourself over and over again. On one hand you say that no matter what is said in regards to trading being gambling its an opinion and it can neither be proven nor disproven, and then you immediately follow it up with a blanket statement like "trading is gambling, thats that, and you can either believe it or not." But how can this be true? According to you who knows so much there are no facts in regards to this subject, only opinions that can't be proven or disproven. Or is that only when its convenient for you and your pathetically constructed arguments?

I've noticed that a lot of other users have consistently asked you for information, links, definitions, and sources to help support some of these arguments. I have also noticed that even though many users on the other side of the argument have properly documented their arguments, you conveniently never post anything. Could it be because there is no credible source out there for you to reference?

And I may just be some lowly college student working on my masters who isn't as good at pretending to be a trader as you are, but at least I can spell simple 3rd grade vocabulary words like "believe" properly. I would tell you that I learned in school that "belive" is actually not a word, but I don't think you'd "believe" me about that either. Just out of curiosity where were you when they taught "I before E except after C" in grade school? Let me guess, you were busy pretending to be a trader?

Bottom line is you're either a hack or you're a fraud. You're just making up nonsense and probably had no right even posting on this thread in the first place. But you did, it was a mistake, and now you've got to try to figure out a way to save face without having to admit you were wrong. But unfortunately, in this case, you're worse than wrong -- you're a hypocrite talking out of both sides of your mouth. So good, bow out now and be gone. Me, a lowly college student working on his masters, who has never traded a day in his life, has more right posting on this thread than you do anyways. You've been in over your head for a while now -- or do you spell it "hed" ?

 

[Jachyra]

Quote from nyustudent:

Oh, I believe that you've grown tired of talking about this, but its because you're probably starting to finally realize how you continue to contradict yourself over and over again. On one hand you say that no matter what is said in regards to trading being gambling its an opinion and it can neither be proven nor disproven, and then you immediately follow it up with a blanket statement like "trading is gambling, thats that, and you can either believe it or not." But how can this be true? According to you who knows so much there are no facts in regards to this subject, only opinions that can't be proven or disproven. Or is that only when its convenient for you and your pathetically constructed arguments?

I've noticed that a lot of other users have consistently asked you for information, links, definitions, and sources to help support some of these arguments. I have also noticed that even though many users on the other side of the argument have properly documented their arguments, you conveniently never post anything. Could it be because there is no credible source out there for you to reference?

And I may just be some lowly college student working on my masters who isn't as good at pretending to be a trader as you are, but at least I can spell simple 3rd grade vocabulary words like "believe" properly. I would tell you that I learned in school that "belive" is actually not a word, but I don't think you'd "believe" me about that either. Just out of curiosity where were you when they taught "I before E except after C" in grade school? Let me guess, you were busy pretending to be a trader?

Bottom line is you're either a hack or you're a fraud. You're just making up nonsense and probably had no right even posting on this thread in the first place. But you did, it was a mistake, and now you've got to try to figure out a way to save face without having to admit you were wrong. But unfortunately, in this case, you're worse than wrong -- you're a hypocrite talking out of both sides of your mouth. So good, bow out now and be gone. Me, a lowly college student working on his masters, who has never traded a day in his life, has more right posting on this thread than you do anyways. You've been in over your head for a while now -- or do you spell it "hed" ?

BURNNNNNN!!!!!

Way to go kid that was awesome! If you can see through their lies and bull you'll do just fine in the markets.

 

[Pekelo]

Quote from ivanbaj:

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?

Just because trading classifies as gambling that doesn't mean one can not be skillfull or can not make a living out of it.

After all, there are pro pokerplayers too. The whole trick is to bend the probabilities in your favour (aka having an edge) and trade only when the opportunity arise.

Now there are certain kind of gambling where you can not increase the probabilities of your winning unless you play more, like lottery. On the other hand if you know a lot about horses or sport teams (just like stocks or TA) you can increase the odds in your favour...