Is trading Gambling or not .."What say You" Vote here.

[ElectricSavant]

We are the Champions We are the champions...lalalala

Michael B.

P.S. Without bragging, do you folks think that this illustration of 2 systems whether you believe they are gambling or not are the only ones, in support of the "Non Gambling" method of trading?

You can still change your vote!

The vote appears to be nearing 2:1 for NOT gambling again, after a larger sample size

Quote from Champion:

If you say it is gambling, sorry, but you belong to the poor dumb stumbling mass of losers who don't make a profit and live on a sh*t diet of hope.

Its a way to make and amass money; its a business for the few winners.

 

[ElectricSavant]

This was one of the kinder things said to me publically and you would not believe the PM's...

Electric, I must thank you for putting up this great thread.

May you prosper from such fantastic ideas and to be so generous in sharing them.


Thank you guys...Give a little..it all comes back one way or another. It has been worth it for me, I expect nothing. Good Trading to you cooldude and others. Blessed be the peacemakers...

Michael B.

 

[ElectricSavant]

Quiz:

Lets assume for a minute that Human Nature is to take 5 steps forward and three steps back...How could you apply this to trading?

Michael B.

 

[cooldude]

Quote from ElectricSavant:
...
Now, Cooldude, I gotta ask...Is trading gambling or not? Tell me, let me hear it!!!!
...
Michael B.

Quote from cooldude:

Trading is not gambling:

1-You can stop the event at any time you wish. You can't stop the roulette and lose only a little!

2-On the other hand, you can lose all your pssessions in the same 'transaction' by not cutting your losses because trading has no formal ending. You can't add more money to the roulette once it starts to spin!

3-...

4-Pragmatically I don't care as long as I get a profit from trading/gambling. Look at my signature.

How can trading = gambling? NO WAY!
__________________
I am a dumb trader. Good, you will inherit pips.

 

[ElectricSavant]

Have you voted?

 

[guy2]

Quote from cooldude:

How can trading = gambling? NO WAY!

In the article that I mentioned earlier there is mention of 2 types of trader:
1. Random Trader
2. Signaled Trader

The Random Trader is gambling (i.e. odds are not in his/her favor) and the Signaled Trader is not gambling (or is "the house") because the odds favor the Signaled Trader over the long run.

 

[ElectricSavant]

Did you vote?

 

[guy2]

What do you conclude from the voting results so far (apart from the obvious raw results)?

 

[PitchBlack]

Quote from guy2:

What do you conclude from the voting results so far (apart from the obvious raw results)?

That 66.27% know what they are talking about.

 

[ElectricSavant]

Well,

Good question. This is an anonymous Forum, perhaps the sample size includes multiple alias's. Also the skill level and experience of the trader has not been qualified...oh yeah you said besides the "raw results"...sorry...

I would say that 2:1 for Not Gambling would not be strong enough for me to consider it as a consensus...

For me personally, turning the "Gambling Meter" down is a part of the way I trade.

Being that trading is a losing proposition from the "get go", if you can find a way to turn that around ever-so-slightly where time would be on your side, then I would say that Trading DOES NOT NEED TO BE gambling...read carefully.

Michael B.


P.S. To demonstrate this see:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=48230