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: .
Quote from ElectricSavant:

Let me tell you why trading can be "not Gambling".

it is for the same reasons that a short trade can go against you for infinity...
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short's infinity ends @ $0.00, but maybe you were talking about something else.
 
so you have just defined infinity...thus my premise for defining regression.

soo...defining regression limits, allows for "not gambling" :)

being able to define parameters allows the gambler to get into the "not gambling mode" of trading...(ahhh...read carefully..i broke one of the rules :))

in trading when you "fold em'" it can place time on your side...but if it were not for trends and the FACT that trading is not random...then i would have to say the reaching the "Not Gambling" altitude could be difficult.

When you shuffle the deck of uncertainty you must have time on your side, thus you need a PROGRESSIVE edge to place you in the section some of us lovingly call "not Gambling". You can always change your vote...or would you like to pursue dictionary terms and the sky is falling premise?

Is chance some sort of infinite mystery? I want you to really think about this traders. how do we know what chance is? Which one of us has the correct reality? Gambling...or "not gambling" what say you?

are profitable traders...just Lucky?

Michael B.
JustLuckySavant


Quote from romik:

short's infinity ends @ $0.00, but maybe you were talking about something else.
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Quote from ElectricSavant:

I could put a regression model on your equity curve that would place time on your side if you could trade in one unit increments and not larger increments (now... could you identify this, when you are gambling?). I could identify the amount of capital needed and the time neccesary. now would this be labor effective?...maybe not...(I made 4 bucks an hour counting cards in Blackjack in my younger years...not very good...but I paid for my hotel rooms and nice meals and kept an exremely cautious profile, but could only net 4 bucks an hour after transportation, meals and lodging were paid..and after I was paid a modest wage...yes I treat gambling as a business...lol)

Now... if you have unlimited capital then definatley trading can be 'not Gambling" and can be the opposite of not profitable :)
Did anybody really read every post in this thread ? :) Do you guys realize how old this thread is?

Did you vote?

Michael B.
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I think we see things differently here, or at least refer to them differently. Yes, I voted. Gambling. :) (Not that there's anything wrong with that.)

I don't normally refer to trading as gambling, but when it comes down to definitions, that's what it is.
 
So Thunderdog, You are not a good Trader...Just Lucky..


Quote from Thunderdog:

I think we see things differently here, or at least refer to them differently. Yes, I voted. Gambling. :) (Not that there's anything wrong with that.)

I don't normally refer to trading as gambling, but when it comes down to definitions, that's what it is.
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Quote from ElectricSavant:


So lets say were long on EUR/USD and our profit targets are 20 pips. As the long side goes up we are entering and exiting each 20 pips. The short side is accumulating entries temporarily. When it reverses then the opposite will happen. You would need to learn to carry high unrealized P/L. but your profit comes from the boxed in volatility grabbing....

Take a trade size based on a 10 year range of the instrument.
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Electric, you sound like you stepped on some bird crap in "lion country".
 
It's a 'gamble'...but quite different than placing a 'gamble' at a casino. The rules and restrictions are quite different and can be in your favor over the long term, unlike the casino. Nonetheless there are still markets with more restrictions than others which make certain players with certain strategies choose to avoid those markets.

Pick your market, pick your rules...place your bet.

My 2 pips.
 
Quote from ElectricSavant:

I read that!
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lol, I thought so, is trading a gamble? I think that question is comparable to someone asking if today's temperature is too hot and here's why:

<img src="http://img141.imageshack.us/img141/3006/gamblevm0.gif"
<br>
so in that sense, anything that involves risk, including life, can be termed a "Gamble" :)
 
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