Do You Think Trading is Gambling?
- Thread starter nysestocks
- Start date
nysestocks
Guest
Whenever you put your money at risk - you are taking a gamble - a.k.a GAMBLING
nysestocks
Guest
Of course EC, how can it be any other way, it is just not possible!
Anytime you risk ASSETS or MONEY you gamble, not that you can't have an edge with your gambling.
You can gamble with your money, rolex watch, cars, house, loans and even your future.
Therefore you could view life as one big gamble! Really! You just pick the gambles you take
Some people like to do crazy things...
some like to get into risky businesses during "bubbles."
If you think about there's so much we gamble on every day, in small ways.
You can gamble with your money, rolex watch, cars, house, loans and even your future.
Therefore you could view life as one big gamble! Really! You just pick the gambles you take
Some people like to do crazy things...
some like to get into risky businesses during "bubbles."
If you think about there's so much we gamble on every day, in small ways.
nysestocks
Guest
Quote from Jaytrade:
Anytime you risk ASSETS or MONEY you gamble, not that you can't have an edge with your gambling.
You can gamble with your money, rolex watch, cars, house, loans and even your future.
Therefore you could view life as one big gamble! Really! You just pick the gambles you take
Some people like to do crazy things...
some like to get into risky businesses during "bubbles."
If you think about there's so much we gamble on every day, in small ways.
Of course JT, but when gambling, it can pay one to know when to gamble small, and when to gamble big!
100 pennies will make a pound, but it only takes 10 x 100 pounds to make a thousand pounds!
How many times have you seen a penny on the street, compared to seeing a 100 pound note
Websters dictionary's description of the word, Gamble is;
To bet on an uncertain outcome, as of a contest.
To play a game of chance for stakes.
To take a risk in the hope of gaining an advantage or a benefit.
Based on that I would say that "most" people that are in the markets "gamble" though there are those who I dont believe gamble and those are successful traders.
To bet on an uncertain outcome, as of a contest.
To play a game of chance for stakes.
To take a risk in the hope of gaining an advantage or a benefit.
Based on that I would say that "most" people that are in the markets "gamble" though there are those who I dont believe gamble and those are successful traders.