Do You Think Trading is Gambling?

[Jachyra]

Quote from 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?

EXACTLY! +1000000

Lots of people like to call themselves "professional traders" but they seem to only focus on the "trader" part and forget about the "professional" part.

 

[BSAM]

Quote from Jachyra:

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.

I'm so hurt.

 

[ElCubano]

Quote from Jachyra:

Or at least for those individuals who have actually read the book that MAESTRO referenced... or any book for that matter regarding this topic.

asked 3 or 4 pages ago.

Quote from ElCubano:

did you read it?...please elaborate how the author expalins how the market is not a game of chance. And yes I am going to judge this book by its cover...

I never daid one couln't make money from games of chance I just agreed that trading is gambling....

or are you to busy ramming your nose up maestro's ass to answer???

just kidding maestro, I know you wouldnt let him....

 

[Jachyra]

Quote from ElCubano:

asked 3 or 4 pages ago.




or are you to busy ramming your nose up maestro's ass to answer???

just kidding maestro, I know you wouldnt let him....

There isn't any point explaining my opinion or beliefs to you further because (1) you're clearly not interested in hearing anything I have to say or having a productive discussion with anybody who holds opinions contrary to your own, (2) no matter what I say or what you believe, you're clearly committed to responding with the rudest and most inflammatory responses you can dream up just for your own personal entertainment, and (3) I've already answered your questions and have provided my opinion multiple times in my previous posts.

And yes, I have read the book many times, and strongly recommend it to any trader who finds the topic of this thread interesting and is interested in getting a better grasp on this issue. The only reason I didn't reference it sooner was because I strongly suspected guys like you would just grasp onto the word "gambling" in the title and continue to beat that drum over and over again without even bothering to buy the book and read it (which is exactly what ended up happening).

 

[ElCubano]

Quote from Jachyra:

There isn't any point explaining my opinion or beliefs to you further because (1) you're clearly not interested in hearing anything I have to say or having a productive discussion with anybody who holds opinions contrary to your own, (2) no matter what I say or what you believe, you're clearly committed to responding with the rudest and most inflammatory responses you can dream up just for your own personal entertainment, and (3) I've already answered your questions and have provided my opinion multiple times in my previous posts.

And yes, I have read the book many times, and strongly recommend it to any trader who finds the topic of this thread interesting and is interested in getting a better grasp on this issue. The only reason I didn't reference it sooner was because I strongly suspected guys like you would just grasp onto the word "gambling" in the title and continue to beat that drum over and over again without even bothering to buy the book and read it (which is exactly what ended up happening).

I thought so... Anyways thanks for sharing.

 

[Malstrom]

Quote from Pekelo:

My ass it is.

Why are you talking like that? I offended you somehow? Is somebody give you money if you talk like that? Or you are frustrated because you had a bad day? How old are you? above or below 10 years old... ? Btw, "Posts: 4516" I think that is a good ideea to take a break from posting on ET and focus much more in trading.

 

[MAESTRO]

Overall, I think it was a productive discussion minus a few farts here and there . This subject interests me very much. Gambling often means "addiction" or other sorts of compulsive behavior. That is why most of the posts were related to the terminology rather than to the subject matter. It is most likely that many of you have similar points of view but simple word connotation prevents you from isolating the subject from its semantics. In the discussions like this it is important first to establish the true meaning of a word that all the participants agreed to. My understanding that "gambling" mostly relates to thoughtless activity like buying a lottery ticket. However, some of you pointed it out (and rightly so) that the broader meaning of the world gambling is associated with"taking chances". In this respect gambling could be perceived as meaningful activity hence the term "professional gambling". The difference' of course, is the same as between backyard hockey and NHL. My suggestion that for the sake of this discussion we should use word "gambling" only in the relationship to coin tossing type of games. For any other activity we should use the term "statistical logic". It should resolve a lot of conflicts here.

 

[u21c3f6]

Semantics.

I use the exact same methodology for my options trading as I do for my live sportsbook betting.

Which is gambling and which is not?

Joe.

 

[MAESTRO]

Quote from u21c3f6:

Semantics.

I use the exact same methodology for my options trading as I do for my live sportsbook betting.

Which is gambling and which is not?

Joe.

Semantics indeed. That is why I propose "statistical logic" term which describes exactly your method of betting. It is safer to assume that Gambling is betting on something knowing ahead of time that you have 50/50 chance of winning it. Semantics are important as words create structures of notions (meronomy) as oppose to taxonomy that creates the structure of subjects.

http://en.wikipedia.org/wiki/Meronomy

 

[ivanbaj]

Quote from MAESTRO:

Overall, I think it was a productive discussion minus a few farts here and there . This subject interests me very much. Gambling often means "addiction" or other sorts of compulsive behavior. That is why most of the posts were related to the terminology rather than to the subject matter. It is most likely that many of you have similar points of view but simple word connotation prevents you from isolating the subject from its semantics. In the discussions like this it is important first to establish the true meaning of a word that all the participants agreed to. My understanding that "gambling" mostly relates to thoughtless activity like buying a lottery ticket. However, some of you pointed it out (and rightly so) that the broader meaning of the world gambling is associated with"taking chances". In this respect gambling could be perceived as meaningful activity hence the term "professional gambling". The difference' of course, is the same as between backyard hockey and NHL. My suggestion that for the sake of this discussion we should use word "gambling" only in the relationship to coin tossing type of games. For any other activity we should use the term "statistical logic". It should resolve a lot of conflicts here.

Very good point.