Do You Think Trading is Gambling?
- Thread starter nysestocks
- Start date
I don't see how it is that much unlike gambling. I think it has more to do with the type of trader you are.
Day Trading or Long Term are two different animals.
You still have research involved in both activities.
In poker for example you learn to read a players tells or behaviors while with a stock you well, research it....
Day Trading or Long Term are two different animals.
You still have research involved in both activities.
In poker for example you learn to read a players tells or behaviors while with a stock you well, research it....
So every one of your trades wins. No? Then the "random luck factor", aka "variance", is existent. If it is existent for one trade then it exists for all, which means that entire careers are at variance's mercy. The more good trades you make the more likely you are to succeed longterm, but there are no guarantees.
nysestocks
Guest
Quote from ElCubano:
I guess you don't read what people are posting...
Sometimes I do and Sometimes I don't!
It depends on the mood I am in.
nysestocks
Guest
Luck is just another way of saying,
"I don't know what I am doing"
"I don't know why it happened"
"I don't know .........................."
When you understand what it is you need to know in order to take money from others,
"Luck goes out the window"
You have a very limited understanding of stats.
Do you think IB's Market Making operation is gambling?
Do you think IB is "at variance's mercy".
Have you ever even looked at IB's financial statements?
My hedge fund has roughly the same risk profile as IB's MM operation...
Because most successful trading firms...
Grind out steady profits...
Using CLASSIC Market Making and Relative Value Arb techniques...
While staying VERY close to market neutral at all times.
This is not a secret... nor is it rocket science...
The problem with most of the losers here...
Is that they got sucked into some nonsensical "strategy" that doesn't work...
And then spend 5 years in a dead end before quitting.
What fun.
nysestocks
Guest
Ah, DD2, it is good to see the other half open their mouth, we were all starting to think that maybe ye are from another planet
Ye can do what ye can do because ye have idiots as enablers!
The average trader does not need to know about "the arb", or "the generalsâ approach", or the "value area", or all the other rubbish games that ye play with other peopleâs money:eek:
Some of us know that ye are but humans, and being such, ye have weaknesses, and not been humble, ye do not even know that ye have weaknesses, so, keep up yere sucker games, for some of us follow ye very closely
trading is gambling..if you profit from it you are a professional gambler and if you dont you are just a gambler..thats the only difference..card counters are professionals , joe schmoe at the blackjack table is a gambler..
nysestocks
Guest
I agree MX, and what is that pro gamblers might understand, that JS does not?
For, if one can understand, one can do!