Do You Think Trading is Gambling?

[ssss]

First I believe you are trying to relate to wagering the spread before the game, 110 to win 100. This is very difficult to beat. The spreads are created by professionals and they are very, very good at what they do. Statistically, in the long run, they come very close to 50/50 on their spreads.
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Dear Sir

It is your problem .If this belive make you lucky .. not the problem .

But temmeber that Ken Uston before started top team in Black Jack was ...

Vice President of Pacific exchange and he'S team was completed with professional mathematiker

All activities of the team was related to readiness
of casino to give this team entry in casino
(Not the case today in EU ,in Germany ,Swiss
by first entry casino check operator pass and
entried all in computer network)


Best wish ...

 

[ssss]

First I believe you are trying to relate to wagering the spread before the game, 110 to win 100. This is very difficult to beat. The spreads are created by professionals and they are very, very good at what they do. Statistically, in the long run, they come very close to 50/50 on their spreads.
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www.oanda.com

That is market -maker . He taked each day
spread from approx 50 000+ clients to he's pocket
with help of specific algoritm .
( it is not very heavy algoritm )

Quote is manipulated . Used multiple source of liquidities ,but reflected one composite quote

 

[BSAM]

Hello ETers---

If you put on a trade today, and you did not have inside information, you were taking a gamble on whether you would make a profit or take a loss.

Always remember, the outcome of a trade is unknown when you enter the market. Therefore, how could you deny that you were taking a "gamble" (or any of those "easier on the mind for some" synonyms others like to use) when you decided to take a risk in the market?

Happy trading to all my fellow gamblers, "statistical odds players, educated guessers, lucky participants, professionals, betters, game of chance players", or whatever term makes you feel good!

 

[JSSPMK]

ssss,

Monthly chart, double top/reaction low broken, double bottom/reaction high broken + TL broken in a very liquid market. Which professional entity has the ability to spoof that type of price action on regular basis assuming your stops do not rest within 'noise' range? A rough estimate would be just fine. You seem to concentrate on tick type of trading activities (scalping), please consider the other type of trading.

 

[eagle]

DG make me feel good. Dumb Gambler.

Quote from BSAM:

Happy trading to all my fellow gamblers, "statistical odds players, educated guessers, lucky participants, professionals, betters, game of chance players", or whatever term makes you feel good!

 

[BSAM]

Quote from eagle:

DG make me feel good. Dumb Gambler.

Thanks. I couldn't think of all of them. Any other contributors?

(Of course, given the right set of circumstances, even a "dumb gambler" can make money.)

 

[ssss]

ssss,

Monthly chart, double top/reaction low broken, double bottom/reaction high broken + TL broken in a very liquid market. Which professional entity has the ability to spoof that type of price action on regular basis assuming your stops do not rest within 'noise' range?


If that give you satisfaction , wish best .

... Monthly chart, double top/reaction low broken

would mutiple news which you are not expected (as example Lehman bankruptcy, 11 september )

A rough estimate would be just fine. You seem to concentrate on tick type of trading activities (scalping), please consider the other type of trading.


No ,author played paper moneys contest's in USA,Germany .
And in this ,where was winner was 1-2 very good operations (until 300%) with very good catch of movement 1 very good loss(-40%) and + another mix of high
freq operations with very heavy risk (near 70%) low profit . Profit from this kind of high freq/high risk operations was
not very high ,but enough secure advantage
against second placed competitor


Author evaluate he#s activities as successfull attempt to catch short lived sequence ,which
mostly related to game theory
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possible some small(or very small) part of success related to author experience and readiness to make high risk

Best wish

 

[JSSPMK]

Why do you keep beating the old drum about 1 trade, when OP's question refers to a line of events? Not a trade, but trading?

Quote from BSAM:

Thanks. I couldn't think of all of them. Any other contributors?

(Of course, given the right set of circumstances, even a "dumb gambler" can make money.)

 

[ct_nz]

Quote from BSAM:


(Of course, given the right set of circumstances, even a "dumb gambler" can make money.)

Only in the short run, not long term.

 

[ssss]

No any doubt ,author not knew complex of news ,which tomorrow would presented .

Market-maker knew .

But if i knew all this news ,it would not possible
to say in most of the case ,how professional(market-maker) would use this news .

Which of this would decisive and how

As example last time Goog was good ,but all macro news from economy ,non comparble heavy was negative .Market up .

Can say ,that Goog is jews company and that is most important factor for market reaction . Author ready bet with jews ,But in future case reaction would another ...

Author point of view -retail have not any advantage
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very good correlated with retail market statistic .

Great win is possible for retail ,but rare 1 from 10 000
operators and this win full related to game theory ,
as in lotto