Is trading Gambling or not .."What say You" Vote here.
- Thread starter ElectricSavant
- Start date
no these are specualtors...not Farmers...
I notice a pattern here.
Electric posts and moves on.
Do all traders jump from one thing to another, like this?
If you could pick up dollar bills consistanly off of the sidewalk 24 hours a day would you move to the asphalt street?
I think you folks can help Electric and the other experienced traders acting like Novices during these rough times to stick with what they know.
Creative people have trouble sticking with something. They grow bored and lose sight of the "Why" they are doing something. They are motivated by the challenge or the next thing they are working on. For them system development is the high spot, where others trade their stuff and make the real money.
Electric! No one is going to thank you or call you up to be a "head trader" for them and offer you millions a year. No one will even remember you if you left ET...They probably would talk a lot of shit about you...I guaranty it!
It seems to me to just trade quielty like you are doing and make your money that you want and get away from these boards. It's never enough Money Electric... and yes I still want that Hummer your cheapskate!
Wifey
Electric posts and moves on.
Do all traders jump from one thing to another, like this?
If you could pick up dollar bills consistanly off of the sidewalk 24 hours a day would you move to the asphalt street?
I think you folks can help Electric and the other experienced traders acting like Novices during these rough times to stick with what they know.
Creative people have trouble sticking with something. They grow bored and lose sight of the "Why" they are doing something. They are motivated by the challenge or the next thing they are working on. For them system development is the high spot, where others trade their stuff and make the real money.
Electric! No one is going to thank you or call you up to be a "head trader" for them and offer you millions a year. No one will even remember you if you left ET...They probably would talk a lot of shit about you...I guaranty it!
It seems to me to just trade quielty like you are doing and make your money that you want and get away from these boards. It's never enough Money Electric... and yes I still want that Hummer your cheapskate!
Wifey
Not fighting at all, wasn't my intention to disparage anyone's methods and apologize if it sounded that way.
Was just playing devil's advocate with the attitude that trading is somehow on a higher plane than pure gambling, and the idea that most here would prefer some kind of method which didn't involve any risk of loss at all. But what's the fun in that? *wink*. If you have the capital large enough to employ some sort of martingale system that will never lose as long as you keep your bets small, it's likely that your return compared to that base capital won't be too spectacular either.
But returns aside, is that considered trading to begin with? Is ES right in assuming that most people on these boards are just searching for some stress-free risk-free system that doesn't involve any need for thinking or anticipating which way the market is going to move? Just wondering aloud, hope no one takes anything I say too seriously
Was just playing devil's advocate with the attitude that trading is somehow on a higher plane than pure gambling, and the idea that most here would prefer some kind of method which didn't involve any risk of loss at all. But what's the fun in that? *wink*. If you have the capital large enough to employ some sort of martingale system that will never lose as long as you keep your bets small, it's likely that your return compared to that base capital won't be too spectacular either.
But returns aside, is that considered trading to begin with? Is ES right in assuming that most people on these boards are just searching for some stress-free risk-free system that doesn't involve any need for thinking or anticipating which way the market is going to move? Just wondering aloud, hope no one takes anything I say too seriously
Illiquid,
I have not misunderstood you. Thank you. Your keeping this straight. Very interesting comment as to WHY people trade. Interesting indeed...
I did not expect to post and eveyone said ohhh great electric ohhh goood electric...ohhh can i send you money lol...
It too long of a thread to expect newcomers to start from the beginning...sheesh Nitro is still reading it
Michael B.
I have not misunderstood you. Thank you. Your keeping this straight.
Very interesting comment as to WHY people trade. Interesting indeed...I did not expect to post and eveyone said ohhh great electric ohhh goood electric...ohhh can i send you money lol...
It too long of a thread to expect newcomers to start from the beginning...sheesh Nitro is still reading it
Michael B.
Quote from illiquid:
Not fighting at all, wasn't my intention to disparage anyone's methods and apologize if it sounded that way.
Was just playing devil's advocate with the attitude that trading is somehow on a higher plane than pure gambling, and the idea that most here would prefer some kind of method which didn't involve any risk of loss at all. But what's the fun in that? *wink*. If you have the capital large enough to employ some sort of martingale system that will never lose as long as you keep your bets small, it's likely that your return compared to that base capital won't be too spectacular either.
But returns aside, is that considered trading to begin with? Is ES right in assuming that most people on these boards are just searching for some stress-free risk-free system that doesn't involve any need for thinking or anticipating which way the market is going to move? Just wondering aloud, hope no one takes anything I say too seriously
Quote from marketdancer:
illiquid - lol....each market participant like those institutional traders just "implement" their edge on the market..each participant do it in his own way...morality,ethics,right or wrong aside in another topic....they are simply employing their "edge" .....
I know underneath it's all a semantics game, but I wasn't referring to ethics or morality at all -- I'm comparing the market maker or specialist who is just managing merchandise and not really making any judgement on the market whatsoever, versus someone who's not required to take the risk at all but chooses to.
In essence, someone who's got the temerity to claim that at this moment, the market is in one way or another wrong, and therefore an opportunity for profit available. Is there a real qualitative difference between those two?
illiquid - yes.....that specialist got his "system" in extracting money from this market....like don bright has his own way...
so many ways...even the market vendors has "found" their way how to make money from the markets...
ok..back to real trader only essentials.....yes....definitely..to be one and live long enough doing it....DEFINITELY you have to have SOME EDGE....otherwise..just become "another liquidity provider"
Seriously...Of Course there should be..there IS!!!!
the wizards are not some fluke of statistics..these folkes really got some edge.....
may point being that they DO EXIST!!!
those who has given up or fail to find what works for them got their own beliefs and conclusions too....
illiquid - lol....each market participant like those institutional traders just "implement" their edge on the market..each participant do it in his own way...morality,ethics,right or wrong aside in another topic....they are simply employing their "edge" .....
I know underneath it's all a semantics game, but I wasn't referring to ethics or morality at all -- I'm comparing the market maker or specialist who is just managing merchandise and not really making any judgement on the market whatsoever, versus someone who's not required to take the risk at all but chooses to.
In essence, someone who's got the temerity to claim that at this moment, the market is in one way or another wrong, and therefore an opportunity for profit available. Is there a real qualitative difference between those two?
illiquid - yes.....that specialist got his "system" in extracting money from this market....like don bright has his own way...
so many ways...even the market vendors has "found" their way how to make money from the markets...
ok..back to real trader only essentials.....yes....definitely..to be one and live long enough doing it....DEFINITELY you have to have SOME EDGE....otherwise..just become "another liquidity provider"
Seriously...Of Course there should be..there IS!!!!
the wizards are not some fluke of statistics..these folkes really got some edge.....
may point being that they DO EXIST!!!
those who has given up or fail to find what works for them got their own beliefs and conclusions too....
what is funny is that...in a game that reward is so rich....people expect also the effort to be easy at the same time....
but its the law of nature...the best prizes is given to the winners of the most difficult sports....
lotto/lucky minded/lazy people need not apply...
but its the law of nature...the best prizes is given to the winners of the most difficult sports....
lotto/lucky minded/lazy people need not apply...
Holy grail? are people WILLING to SPENT hundreds/thousands of hours looking for them? inclusive of pain of losses as part of it? that it will you one at least 3-5 years? how many give up well before that?! and got fellow losers to convince them that NO ONE can WIN at this game?!