Gambler vs Trader

Quote from stock777:

the only reason you'd need 500k or more is if you are trading a tiny edge.

most here on et make 50-100% on their accounts per month, so 100k is enough
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Can i buy your trading secret for $500K paper money ?:eek:

I will then sell it to HFT for $1b paper money:p
 
Quote from emg:

you are right, majority of the hedge fund owners began to trade more than a million to make money trading. Those owners know that in order to be a successful traders, they need a million
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Nothing could be further from the truth. You certainly don't need a million to be a successful trader. How much capital you need depends on what you are trading. How much you can trade determines in large part how much you can make on average per trade. You certainly don't need a million. With the right broker and knowing what you are doing you can trade futures nicely with 30-40K in your account.
 
Trading vs. gambling…. Has to be the dumbest comparison I know of


If you really knew – there would be no question – They are in no way alike

To add;

In the beginning trading is harder…, come full circle gambling is harder

I know I am on record as both saying they are…, and are not alike…

Then I sat down one day and made side by side comparison.., and thought trough it….


It is like comparing apples and oranges – both fruit…, but that’s about it

Like I’ve said before – I try not to suffer my own ignorance any longer than is absolutely necessary


I trade, and risk losing money with every trade… I do not gamble (one reason is because I simply do not like the odds)

Your mileage probably varies….

Argue on
RN
 
Quote from Redneck:

Trading vs. gambling…. Has to be the dumbest comparison I know of


If you really knew – there would be no question – They are in no way alike

To add;

In the beginning trading is harder…, come full circle gambling is harder

I know I am on record as both saying they are…, and are not alike…

Then I sat down one day and made side by side comparison.., and thought trough it….


It is like comparing apples and oranges – both fruit…, but that’s about it

Like I’ve said before – I try not to suffer my own ignorance any longer than is absolutely necessary


I trade, and risk losing money with every trade… I do not gamble (one reason is because I simply do not like the odds)

Your mileage probably varies….

Argue on
RN
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We have redneck here thinks gambler vs trader is no comparison. Bring it up people!
 
Quote from emg:

We have redneck here thinks gambler vs trader is no comparison. Bring it up people!
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Please don't confuse what I posted..., with your opening post

I'm speaking strictly from the risk, odds, ability to skew the outcome, rules, transparency, active vs passive participation, decision making, etc. perspective...


Not sure the point you are trying to make...

RN
 
Quote from wrbtrader:

Thanks for the link...next time I won't bother wasting my time responding to that guy and will update my ignore list with his username. :mad:

Mark
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I have updated mine with yours.
 
Quote from Redneck:

Please don't confuse what I posted..., with your opening post

I'm speaking strictly from the risk, odds, ability to skew the outcome, rules, transparency, active vs passive participation, decision making, etc. perspective...


Not sure the point you are trying to make...

RN
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Need some Pro and Con about this comparison to help newbies and amatuer if they want to pursue trading.

However, most of the newbies and amatuers are not qualify to trade due to lack of capital. Because of lack of capital, they become a GAMBLER.
 
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