who said it died?
Is trading Gambling or not .."What say You" Vote here.
- Thread starter ElectricSavant
- Start date
who said it died?
Quote from walterjennings:
who said it died?
The coroner... service is Tuesday, bring some flowers
so death is a sure thing?
life and death are illusions too. they are merely the changing of states.
Ahhh very existential, some would argue it is merely a transition... guess that only leaves taxes... Savvy ole chap
I think trading and gambling are very much similiar in terms of entering and exit a trade
If you gamble you shouldn't be afraid to lose your money and should always remain in control.
Trade with confidence = winning.
I've seen many experienced traders in ET who are afraid to trade because: first of all, not knowing the movement of the stock; second lost big on previous trades (losing the edge); third of all do not have the gut because lack of controls and not able to apply past experiences to current trades, hence do not have the blood to gamble.
If you gamble you shouldn't be afraid to lose your money and should always remain in control.
Trade with confidence = winning.
I've seen many experienced traders in ET who are afraid to trade because: first of all, not knowing the movement of the stock; second lost big on previous trades (losing the edge); third of all do not have the gut because lack of controls and not able to apply past experiences to current trades, hence do not have the blood to gamble.
So Traders that believe that trading is "not Gambling" are failed gamblers?
Many traders believe in their hearts that they are not gamblers, but I do think that you have to a gamble to some degree to trade succesfully; after all, you could lose some money. Otherwise , you could have just getting a regular job, and save your money in the bank instead of taking risks.
Ask a trader to risk the life of his family on his next "sure thing" trade and you'll find out pretty quickly if it's gambling or not
In fact their exact reply would be "I would never GAMBLE with my familys life"
In fact their exact reply would be "I would never GAMBLE with my familys life"
It's not gambling, when your trading strategy has a proved positive expectancy. When the odds of winning are firmly placed on your side.
The trading strategy can only be proved by demonstrating through back testing and more importantly through live market forward testing with documented statistical results.
The trading strategy can only be proved by demonstrating through back testing and more importantly through live market forward testing with documented statistical results.