How long did it take you to realize that you were a gambler?

[themickey]

Yesterday I bought a position (doubled down so now I have 2 positions on this stock) which was heading south at the time but it needs to go north for me to make money.
I expect it to go north but there is no guarantee.
Was that gambling?
View attachment 239979

Yeah, that's right, crickets is all I hear.
If I lose money it'll be "A stoopid gamble".
If profitable it'll be "Calculated, high probability".
I've noticed that on ET, selective reasoning to suit the narrative.
All trading is gambling due to uncertain outcomes.
But you bunch of snowflakes are so clever, never a losing day, LMAO.

 

[themickey]

 

[tradertrader]

View attachment 239979

wow lots of gaps
chart like that it's definitely gambling
you martingaled how about d'Alembert or fibonacci betting since this is gambling thread
cheers

 

[ElectricSavant]

Have you voted?

https://www.elitetrader.com/et/threads/is-trading-gambling-or-not-what-say-you-vote-here.47844/

Yesterday I bought a position (doubled down so now I have 2 positions on this stock) which was heading south at the time but it needs to go north for me to make money.
I expect it to go north but there is no guarantee.
Was that gambling?
View attachment 239979

 

[themickey]

chart like that it's definitely gambling.....

Yeah, so what is trading, gambling or not gambling?
You can't have selective definitions to suit your cherry picked scenarios.
Next thing you gonna say is you're smarter than me and you don't gamble while I'm an idiot.
So my trade above on BBOZ was a stupid gamble because it doesn't meet your TA criteria and expectations?

 

[themickey]

Have you voted?

https://www.elitetrader.com/et/threads/is-trading-gambling-or-not-what-say-you-vote-here.47844/

You left one out.."From day 1".

 

[virtusa]

You left one out.."From day 1".

Also: I was born as a gambler.

 

[newwurldmn]

Yeah, that's right, crickets is all I hear.
If I lose money it'll be "A stoopid gamble".
If profitable it'll be "Calculated, high probability".
I've noticed that on ET, selective reasoning to suit the narrative.
All trading is gambling due to uncertain outcomes.
But you bunch of snowflakes are so clever, never a losing day, LMAO.

I would add, all trading is gambling due to uncertain outcomes you cannot affect.

 

[KCalhoun]

Given the uncertainty, the main thing we've got control over is how we manage the trade once we're in.

Like poker, what do you do after seeing the flop?

 

[themickey]

Yeah, so what is trading, gambling or not gambling?
You can't have selective definitions to suit your cherry picked scenarios.
Next thing you gonna say is you're smarter than me and you don't gamble while I'm an idiot.
So my trade above on BBOZ was a stupid gamble because it doesn't meet your TA criteria and expectations?

I lost money on the above BBOZ trade (inverse ETF/Short), about 10%.
Now I firmly believed the trade would resolve to be a winner when it initially was a common small loss but it turned into a bigger loss.
Was that punt a gamble? Of course it was!
Up until shortly prior my exit, the market conveyed every intention of weakness and bearishness, however then it smartly turned bullish and I made the escape.
After 3 decades of trading every trade I do is a punt. Nothing is guaranteed.