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: .
Well when I make a trade, I expect it to go my way, I don't just buy in/short and then receive the outcome.

When it goes my way...I've changed how I feel about it...obviously a bit elated when it goes more than I expect...but I am also vigilant about knowing that it's not profit until I capture it.
For example, on NYSE we see sweeps all the time...not something you can really predict (if you can I'm interested!) thus unrealized profit is just that - unrealized.

But I suppose there is a bit of relief when it goes my way...especially when there is some size involved...or the day hadn't been going well up until that point.

Sorry I havn't read the thread through, but do you have a similar mindset?
 
Shawnovision,

this "relief"...would you attribute it to your understanding of risk?

This understanding? during the wait...is there hope involved?



Quote from Shawnovision:

Well when I make a trade, I expect it to go my way, I don't just buy in/short and then receive the outcome.

When it goes my way...I've changed how I feel about it...obviously a bit elated when it goes more than I expect...but I am also vigilant about knowing that it's not profit until I capture it.
For example, on NYSE we see sweeps all the time...not something you can really predict (if you can I'm interested!) thus unrealized profit is just that - unrealized.

But I suppose there is a bit of relief when it goes my way...especially when there is some size involved...or the day hadn't been going well up until that point.

Sorry I havn't read the thread through, but do you have a similar mindset?
More...
 
Yes, relief would be related to risk exposure.

During the wait, of course they may be some hope involved...realistically a sure thing is never a sure thing...a hundred million indicators pointing to the same thing can still be wrong.

While hope implies vulnerability, it is what it is. When most of us start out we hope to make big trades...when we mature a bit we become less focussed on homeruns...since the hope factor would generally need to be very high...and a trader relying on hope is likly to become an ex-trader.
 
Have you voted?


Quote from Shawnovision:

Yes, relief would be related to risk exposure.

During the wait, of course they may be some hope involved...realistically a sure thing is never a sure thing...a hundred million indicators pointing to the same thing can still be wrong.

While hope implies vulnerability, it is what it is. When most of us start out we hope to make big trades...when we mature a bit we become less focussed on homeruns...since the hope factor would generally need to be very high...and a trader relying on hope is likly to become an ex-trader.
More...
 
Calling a trader a gambler is kind of like calling a programmer a hacker. Some will take it as an insult, while others will take pride in that title.

cm69
 
In the email you receive from this post..or under the "your account" pages somewhere...

Please vote first...


Quote from Rocko1:

how do I unsubscribe to this thread? sorry for the newbieness, I just can't find the button.
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thanks ES. I'm not gonna vote because what you imply with "gambling" is entirely subjective.

This is like Bill Clinton all over again, hahaha
"... and how would you define the word 'is'?"
 
Rocko...please vote... < shaking finger >


Quote from Rocko1:

thanks ES. I'm not gonna vote because the definition of "gambling" is entirely subjective.

This is like Bill Clinton all over again, hahaha
"... and how would you define the word 'is'?"
More...
 
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