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
Quote from Dackster:

I don't follow your logic, you can't 'pay off' the market, because the market will react to 'news', only some get the news before the rest of the market.



Dackster.
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If I'm part of an inner circle with information that a player is shaving points or a ref is making bogus calls or 3 players are working together on a poker table, and I place my bets accordingly, how is it different than betting on the price movement of a stock or its derivatives with inside information?

If Tony Dungy falsifies an injury report and I have information confirming that Peyton Manning indeed has a bad knee and will either be ineffective or miss the first few games of the season, and I place my bets accordingly, how is that different from a CEO leaking a merger deal or a miserable Q1 earnings to me, and I bet the market with derivatives or buy/sell stock?
 
Quote from MAESTRO:

Do you people read books at all?
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Personally, I would love to hear your official opinion on this topic... although I think I have a pretty good idea what you're going to say (if anything at all).
 
Quote from ElCubano:

so you agree trading is gambling???
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Gambling is a layman term for the "Game of Chance". Trading is a kind of a game where bets are consciously placed on the perceived higher probability outcomes of this multiplayer game. Trading is a typical non-cooperative game (John Nash) where each individual strategy depends on the success or failure of other people's strategies. Gambling is typically referred to as "uneducated guess activity" but for a professional gambler it is not so. His/her decisions usually are driven by the prior knowledge of the probabilities distribution of a known game.
 
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