Do You Think Trading is Gambling?

[JSSPMK]

Jachyra,

now you are wasting time, they don't want to understand what you are saying, they just want to go on making love to their penis

 

[BSAM]

Quote from Jachyra:

1. Yes

2. Of course not but thats irrelevant because trading, gambling, or any business or activity that has to do with odds and statistics is judged not on any single event or opportunity but over many many events and opportunities (the long run)

3. Of course.... even if you have a huge edge like 80% you're still going to lose, on average, 20 times out of 100

And at the risk of going on one of my long diatribes, as you so politely put it, I will point out that not only are your questions irrelevant, as they have nothing to do with whether or not trading is gambling, but they also demonstrate that you're missing the subtle nuance that differentiates trading from gambling that MAESTRO (as well as several others) are trying to make.

Even though you couldn't resist the diatribe, at least you answered the questions. Thanks.

You're gambling, my little brother.

 

[BSAM]

Quote from JSSPMK:

Jachyra,

now you are wasting time, they don't want to understand what you are saying, they just want to go on making love to their penis

JSS---

Off topic, but what is your obsession with my penis?

 

[MAESTRO]

Over the last 15 - 18 years I have worked with over 300 traders. The best of them were also outstanding poker players! Almost without exception.

 

[ElCubano]

Quote from BSAM:

Even though you couldn't resist the diatribe, at least you answered the questions. Thanks.

You're gambling, my little brother.

it's when they string together some wins that they think it isn't gambling, that's all.

 

[Jachyra]

Quote from BSAM:

Even though you couldn't resist the diatribe, at least you answered the questions. Thanks.

You're gambling, my little brother.

Its certainly clear that one of us is gambling.

BTW, you're real good at making strong arguments and backing them up with solid facts. If you ever get tired of gambling in the markets you should consider pursuing a career in being a lawyer -- maybe a prosecutor... trying to get a conviction in this country is always a gamble so you should fit right in.

 

[BSAM]

Quote from Jachyra:

Its certainly clear that one of us is gambling.

BTW, you're real good at making strong arguments and backing them up with solid facts. If you ever get tired of gambling in the markets you should consider pursuing a career in being a lawyer -- maybe a prosecutor... trying to get a conviction in this country is always a gamble so you should fit right in.

And if you ever get tired of gambling in the markets, you should not become a lawyer, because your bullshit is weak.

 

[MAESTRO]

As a psychologist I am puzzled with one very unpleasant observation. Every thread on ET without any exceptions ends up with mutual insults and immature name calling. It is such a turn off for me. I always wanted to convince you people to carry on a thread without disgusting bullying and imbecile remarks. Can we try it once, just for the heck of it? May be we will like it and carry on without that stupid habit?

 

[BSAM]

Quote from ElCubano:

it's when they string together some wins that they think it isn't gambling, that's all.

Oh yeah, it's those odds and statistics, don't you know??

 

[Jachyra]

Quote from BSAM:

And if you ever get tired of gambling in the markets, you should not become a lawyer, because your bullshit is weak.

Wow, that was so clever.... I am so impressed.... really... You should also consider being a motivational speaker... or perhaps even write a column on proper etiquette and manners.

At this point its not even worth responding to you anymore because obviously basic courtesy and professionalism to others is not something that's important to you and neither is having any meaningful dialogue or conversation about this issue. I think I'll save my responses for those people who are legitimately interested in having a discussion and aren't just saying the same thing over and over again. Or at least for those individuals who have actually read the book that MAESTRO referenced... or any book for that matter regarding this topic.