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

Is Trading Gambling or not

  • Gambling

    Votes: 460 35.0%

  • Not Gambling

    Votes: 854 65.0%
  • Total voters
    1,314
  • This poll will close: .
Does Trading Longer Time Frames take a little of the "gambling" out of the "not gambling"?

When foolishly gambling can you extend the time of the trick?

Please vote...

Michael B.
 
If your focus and goal are to make money. Is the measure of success in "how" you make the money?

Do traders consider their success attributable to luck or hard work? hard work at what?...chance taking?

now....

Do many gamble for the "fun" of it. is trading foolishness?

Michael B.
 
Assuming you agree that Trading is about making money...

Then after ten years you make a million dollars off of 30k....

But during this journey your equity curve went up and down like a roller coaster. were you gambling? did the ends justify the means?...

put another way...

Lets say in year two you had a bad year...but you had taken your 30k out of your grubstake from your first banner year. This is a ten year project mind you...now would you measure your success on a trade by trade basis at this point of year two...or would you have removed the gamble form your project and consider all of your trades "not gambling"?...

Profit is only measured in how much you spend...
 
ES, don't you think that this subject has been covered from most angles? Not to mention that the survey does not prove anything apart from individual point of view, which is just an opinion as you do not know who is participating.

Group A - lose money
Group B - breakeven
Group C - make money, but do have various drawdown periods
Group D - make money

Again, what are the assumed stats concerning people that are not able to make money trading - 95%? To me that says that to these 95% trading is gambling, but for some reason this poll's results point to majority participants treating trading as not gambling. Therefore, my conclusion is that the majority of participants in this poll either belong to groups D and possibly C (but what are the odds of that being so, considering 95% losing in trading?) or the majority basically have not been honest. On another hand we can assume that the majority that've participated in this poll belong to the 5% of consistently profitable traders, but again what are the odds of that?

I am sorry, but I believe the results of this poll to be 99% BS.
 
did you vote?


Quote from romik:

ES, don't you think that this subject has been covered from most angles? Not to mention that the survey does not prove anything apart from individual point of view, which is just an opinion as you do not know who is participating.

Group A - lose money
Group B - breakeven
Group C - make money, but do have various drawdown periods
Group D - make money

Again, what are the assumed stats concerning people that are not able to make money trading - 95%? To me that says that to these 95% trading is gambling, but for some reason this poll's results point to majority participants treating trading as not gambling. Therefore, my conclusion is that the majority of participants in this poll either belong to groups D and possibly C (but what are the odds of that being so, considering 95% losing in trading?) or the majority basically have not been honest. On another hand we can assume that the majority that've participated in this poll belong to the 5% of consistently profitable traders, but again what are the odds of that?

I am sorry, but I believe the results of this poll to be 99% BS.
More...
 
I will say this...

If trading is about how much money you MAKE...

Then trading can be "not gambling" for several fundemental & technical reasons. Here is just a sprinkling of them:

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Time

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Degree

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Edge

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Control

Let me explain.

There is no time limit in your trade.

There are variables that can be applied to a developing outcome.

You can be the Casino...and make trading "not gambling" with your edge.

You can control the outcome when YOU wish.


This has nothing to do with opinion. Trading can be "Not Gambling"

What say you...???

Michael B.

One way to view your trading as "not Gambling" is to trade your edge, with time on your side, with the house's money.

ElectricSavant™
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Trading has several "Casino-like" properties that you can evaluate with....

There are trends...Trading and pricing is not Random.

There are higher table limits.

You will not be stopped from making money as quickly.

Michael B.
 
How else does one gamble in life...?

When negotiating ..
one can take a gamble and put an offer on the table...

In sports one can take a gamble....
One can go for that extra to take all or lose miserably...

In gaming
one can bet it all on red



But in Trading one can speculate on the unknown with an edge and change the outcome as it is presented to him
 
Yes, trading, (and all investments) is gambling with pre-determined calculable outcomes. Risk>Chance>Gamble>Potential.

Less risk is someone who knows what they are doing-yet not virtually free from failure.
 
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