Is trading Gambling or not .."What say You" Vote here.

[ElectricSavant]

Actually the drawing effect that many new traders are pulled into daytrading is the FACT that they like the "rush" ....(millions of dollars are spent in the development of advertising to capture these traders that want to beat the market)

There are not any semantics as far as I am concerned...You can make trading to be any way or approach you wish...

The poll is rather revealing and I am trying to get a sample size to get 1% figures from with wide variance...I need a lot more votes from this anonymous internet board of guests with unknown experience...

As each persons opinion is posted, I am constantly trying to keep it fair and balanced ...flip flopping the viewpoints to keep the poll unbiased...

Just vote your view...and thank you for reading and contributing to dumb stuff traderdragon....

Yes the poll is a year and a half old and yes we get several new threads pop up throughout the year on this same theme.

Quote from traderdragon2:

Dumb poll. Why argue semantics all day long? Worthless.

Is going to your office job gambling? If you dont perform, youre fired, you risk losing a paycheck.

Personally, I define gambling as risking anything without having a positive expectancy.

So trading is not gambling. Going to work at the office is not gambling.

Playing roulette at the casino, *is* gambling.

Using my definition, gambling = stupid thing idiots do

 

[MickMason]

Quote from ElectricSavant:



You can make trading to be any way or approach you wish...

So it's not trading per se that's gambling, it's the person themselves who is either a gambler or a trader, I'd agree with that. If someone is reckless enough they can make even crossing the road a gamble....


Mick

 

[ElectricSavant]

ummm..

Trading can be "not Gambling" read carefully

what say you...?

Quote from MickMason:

So it's not trading per se that's gambling, it's the person themselves who is either a gambler or a trader, I'd agree with that. If someone is reckless enough they can make even crossing the road a gamble....


Mick

 

[MickMason]

Quote from ElectricSavant:

ummm..

Trading can be "not Gambling" read carefully

what say you...?

This is getting a bit too Freudian for me but I see what you're saying. I would say the same pretty much, one's approach to trading would be the deciding factor in the 'gamble/no gamble' debate.

Perhaps voters object to the tag 'gambler' and the stigma attached to it, gamblers are generally thought of as suckers in most circles.

 

[ElectricSavant]

here...

for it to be "not gambling"..it would need to be gambling ...right?

there is no correct answer..


stigma's.... connotations....bla bla...when I drive up in my red Mazerati in from of my 3-story (with double high ceilings) in Cherry Creek then it does not really matter if I am called a Gambler...daytrader....or whatever...

simply...Can trading be "not gambling"?

for now I drive my woodgrain and park in the alley....but then again I do not gamble

Do I need to take more chances? hehe

do gamblers care less? ...or shurk responsibility? do Gamblers Love money...do traders respect money...?

 

[Dackster]

Hold on a minute. The majority of people fail (90%ish), the majority of people on here think they are not gambling. When chronic gamblers seek advice for thier problems, isn't the first step to admit you have a problem? Why does the market attract so many losers? Is it the markets? Is it the people? Or both? The nature of the beast!

 

[ElectricSavant]

interesting observation...

Quote from Dackster:

Hold on a minute. The majority of people fail (90%ish), the majority of people on here think they are not gambling. When chronic gamblers seek advice for thier problems, isn't the first step to admit you have a problem? Why does the market attract so many losers? Is it the markets? Is it the people? Or both? The nature of the beast!

 

[romik]

From Wikipedia: - "Gambling has had many different meanings depending on the cultural and historical context in which it is used. Currently, in Western societies, it has an economic definition, referring to "wagering money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money or material goods". Typically the outcome of the wager is evident within a short period of time."

ES, do ALL your trades come with a 100% guarantee of a positive outcome? Because only then, trading will not have any association with a word gambling. I would like to see somebody display 10 consecutive winning trade cycle. Gamble assumes risk of partial/full loss of wager is present so does trading, are all that voted "not gambling" trying to say that your trading carries 0 risk? I still call this BS. One can twist meanings of words as much as possible and the debate can go on forever.

 

[Trader28Lite]

This is like the guy that picks up your garbage calling himself chief sanitary relocator... nobody wants to admit it's gambling because that dont pull the ladies

 

[romik]

Financial speculation is part of gambling by definition. For some reason people automatically think Casino/sports bet when they hear the word gambling. Trading is part of gambling as trading is speculation. Even if you've traded for 20 years and your yearly results have been net positive it does not change the fact that trading involves risk and uncertainty of the outcome. Simply because you have increased the odds of success, does not change definition of a word and its meaning. I can have an open position and forget to adjust stop order parameters and bugger off to the WC when price reverses and I might end up losing more than I was ready to lose. ISP can go down, broker might not be picking up the phone on time, monitor might brake down and all contact info is on PC, spiky price action wiping out stops and more, etc.