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: .
Trading can be "not gambling" when the sting of risk and consequence is removed, regardless of the knowledge of outcome.

Quote from romik:

Financial speculation is part of gambling by definition. For some reason people automatically think Casino/sports bet when they hear the word gambling. Trading is part of gambling as trading is speculation. Even if you've traded for 20 years and your yearly results have been net positive it does not change the fact that trading involves risk and uncertainty of the outcome. Simply because you have increased the odds of success, does not change definition of a word and its meaning.
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Quote from ElectricSavant:

Trading can be "not gambling" when the sting of risk and consequence is removed, regardless of the knowledge of outcome.
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Well, examples are welcome :)
 
Quote from romik:

Well, examples are welcome :)
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Here's one.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1291652>

See also: GROW, IAAC, NVEC, YM, ER2, ES, EUR/USD

Any market, Any timeframe (provided sufficient liqudity exists).

- Spydertrader
 

Attachments

For what its worth...I watched live on the phone SpyderTrader make 72 PIPS in the EUR/USD in maybe two hours ...I just got off the phone with him. I wished I had taped the conversation....

I have two pages of notes...I am practicing in Retail Spot forex for a while...

I swear to you it is the truth...I had not even considered his way to view the market...There is the sprinkling of Hershey with the SpyderTrader observances...

I watched him follow price and reverse twice...on the 5 minute bars.

I am embarrassed...you truly must open your mind and am one stubborn fool. I think I gave up two or three times tonight...

Michael B.




Quote from romik:

Is this a 100% set-up?
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Quote from ElectricSavant:

For what its worth...I watched live on the phone SpyderTrader make 72 PIPS in the EUR/USD in maybe two hours ...I just got off the phone with him. I wished I had taped the conversation....

I have two pages of notes...I am practicing in Retail Spot forex for a while...

I swear to you it is the truth...I had not even considered his way to view the market...There is the sprinkling of Hershey with the SpyderTrader observances...

I watched him follow price and reverse twice...on the 5 minute bars.

I am embarrassed...you truly must open your mind and am one stubborn fool. I think I gave up two or three times tonight...

Michael B.
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Michael,

Do not even attempt the spot market outside of hours or it will crush you.

The caveat to FTT trading is liquidity.
 
Do you mean that it would be trading NOT in a "not gambling" way, because I am inexperienced in this new way to think? I watched Todd bank 72 PIPS? I want to trade longer time frames with it. I will not go live with it yet, until I master it and I have permission to share it with everybody. I must make sure with Jack first, however. I will try to complicate it...but it really is surprisingly simple if you do not place obsticles in your way. I will tell you, I yelled at Todd...:) Joab your fortunate as I understand you learned this in 7 hours...I am not that gifted. Seriously! I must remove some obsticles first, if I am to grow, where you are free...

Folks do not fight the price...it will win. Simply react to it. Some say react to what it is telling you..but that would assume too much...just fricken react to it, ok? You can simply look at NOW and begin. Don't be scared.

Michael B.


Quote from Joab:

Michael,

Do not even attempt the spot market outside of hours or it will crush you.

The caveat to FTT trading is liquidity.
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Quote from jack hershey:

See atached if you want to see some comments on the conventional (gambling) and an alternative (pool extraction).
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Jack,

As usual you find an already semantically challenged subject and challenge us some more to understand it .... :D :D :D :D

nice article thanks for sharing:p
 
Jack if I only knew how to draw channels with points one two and three...

I have a learning disability and I am not a visual person...

Is there a way to spreadsheet the SpyderHershey method?

I do not speak the same language as Todd, which I mean no disrespect to.

Michael B.


Quote from jack hershey:

See atached if you want to see some comments on the conventional (gambling) and an alternative (pool extraction).
More...
 
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