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: .
kjent,

lol. I like you and always have my friend. It is good to discuss things on a Sunday afternoon.

I have not found the holy grail or answers to all the questions..I would never be so bold. I have found MY holy grail.

This is not everybodies cup of tea....which is a good thing...

all the best :)

Michael B.

P.S. Pick your road folks, what say you? you know the question...


Quote from kjkent1:

I am not in the slightest offended. Only one person on ET (and on only one occasion) has ever successfully managed that notable achievement -- and, there's no need to retell that tale.

The market does indeed range widely. The problem is that when you personally enter it, your opponent, who is usually a market maker or specialist, will attempt to drive the market into a new range, in order to scare you into abandoning your position, and maintain a profit in his/hers. Thus, the range is not generally predictable in advance, at least, not to your personal profitability.

Discovering how to overcome that circumstance is what separates the successful trader from the loser. Based upon your post, you now believe that you have "figured it out."

Mazeltov.
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Electric,

You are the most confusing communicator on this board...

Not only do you talk in circles...you conceptualize too much.

Get to the point...

Is trading gambling? Many traders here have brought out valid points against it. The poll can change too...

Wifey
 
The only person here that could explain this without the confusion is a previous fellow here, named Acrary...

He is no longer here...He is a head trader in Conneticut the last I heard...

Some Folks need to hear traders language, not "plain speak" lingo....

But I believe still, that trading is not gambling...I want to be persuaded, otherwise....Am I close minded?

Persuade me...


Michael B.
 
Quote from kjkent1:

This leads to the following, rather interesting hypothesis. If anyone discovers a means of predicting a future trend or range in the market or its instruments, then they have simultaneously proved that the market is not fair. Rather, it is rigged.

If the market is rigged, then instruments may indeed trend or range. Some people have postulated that the market is indeed rigged, short term. The trick, is to discover, if it is rigged, then how is it rigged.

Have you discovered that the market is rigged, short term? If so, then tell us how.
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Of course the capital markets are rigged :) One element which is obvious is that information is imperfectly spread throughout the participants.

Think of the basic purpose of an IPO: is it not an attempt by a (virtually) perfectly informed entity -- aka the CEO/founding partners -- to sell an interest or share in their corporation to the least informed entity -- that is, the general public? How else would a changing of hands be seen as "fair", if not for a bit of rigging? Intermediaries exist to smooth out the transfer -- brokerages, mutual/pension funds and their ilk -- but eventually shares get to the point where they become "fully" distributed. Off the top of my head, since I'm about to eat dinner, Krispy Kreme and Boston Chicken seem to be the perfect examples of how the capital markets operate -- rigging is an absolute necessity imo.
 
Quote from illiquid:

Of course the capital markets are rigged :) One element which is obvious is that information is imperfectly spread throughout the participants.

Think of the basic purpose of an IPO: is it not an attempt by a (virtually) perfectly informed entity -- aka the CEO/founding partners -- to sell an interest or share in their corporation to the least informed entity -- that is, the general public? How else would a changing of hands be seen as "fair", if not for a bit of rigging? Intermediaries exist to smooth out the transfer -- brokerages, mutual/pension funds and their ilk -- but eventually shares get to the point where they become "fully" distributed. Off the top of my head, since I'm about to eat dinner, Krispy Kreme and Boston Chicken seem to be the perfect examples of how the capital markets operate -- rigging is an absolute necessity imo.
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OK, well, assuming that you are on the money, and that this is one evidence of a rigged market, how does a trader take advantage of this inherent unfairness. Do we always short an IPO that is distributed by an intermediary/investment banker? Is the fact that Google was not distributed via an intermediary the reason why it is now double its IPO price?
 
Quote from ElectricSavant:

Doesn't a company go public to get cash? and better bank loans and all that growth and presence stuff?.....
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I don't understand your point. How does what you've just said enable a trader to make money from an inherently inefficient/rigged market?
 
absolutly nothing at all...but when I bought IPO's I had to agree to an open price....

Its all pump and dump to me...but we were not supposed to do that...


Quote from kjkent1:

I don't understand your point. How does what you've just said enable a trader to make money from an inherently inefficient/rigged market?
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It was just an example in response to your post about randomness vs rigged -- for those on the outside, markets will appear random; for those on the inside -- aka, with priveleged information or comprehension, whether from position, experience or otherwise -- they may not be rigged per se, but are definitely far from random. Skewed in their favor, may be a good compromise.

I guess my point is that a trader should do all that he can to obtain a perspective where market movement ceases to appear random, or to await opportunities where such a perspective is to reveal itself -- then act.
 
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