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 Trader28Lite:

Nothing in life is sure, nothing is 100%... you can be reasonably sure of your results over time if you have become a pro but never on a single trade... toss a coin and tell me with 100% assurity if it will be heads or tails... you cant and you never will.... but we know we will get roughly 50 heads and 50 tails over a 100 tosses... thats trading... thats probability... and for the better punters... thats gambling
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T28. There are MANY other types of trading than just taking directional bets (calling heads or tails). e.g straddles, strangles and options. For the basic day trader who is just guessing which way the market will move, I agree its gambling. But once you get into more complex trading, you can remove risk and you deal in the realms of known costs. Not gambling :P
 
Quote from walterjennings:

T28. There are MANY other types of trading than just taking directional bets (calling heads or tails). e.g straddles, strangles and options. For the basic day trader who is just guessing which way the market will move, I agree its gambling. But once you get into more complex trading, you can remove risk and you deal in the realms of known costs. Not gambling :P
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Semantics... a bookie does the same thing... a pro gambler too
 
Quote from Trader28Lite:

Semantics... a bookie does the same thing... a pro gambler too
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Really? If I sell you a widget for 1$, the same instant I buy another widget for 0.50$. is that gambling?
 
And THEN.....you double on the side that is for you with a 50% BE...no "gamble" left...It's the getting there and the time on your side thingie...

to sweeten the pot...you play both sides in the ebbs and flows and have a perpetual "not Gambling" ATM...


Quote from walterjennings:

Really? If I sell you a widget for 1$, the same instant I buy another widget for 0.50$. is that gambling?
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Quote from Trader28Lite:

Semantics again, offsetting bets
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Where is the bet? Im not taking a directional view on which way the price of the widget will go? I could'nt care less if it goes up or down.
 
Quote from walterjennings:

Where is the bet? Im not taking a directional view on which way the price of the widget will go? I could'nt care less if it goes up or down.
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Neither do bookies
 
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