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: .
Thanks for the welcome!

This forum was brought to my attention at another trader's chat site over at the Prudent Bear website called BearChat. The address of which is http://64.29.208.119/

However, despite my admiration for David Tice, the chat site can get very insular and the chat board is getting neglected - heaps.

I am very happy to have discovered this site.

Again thanks for the welcome ElectricSavant!
 
Quote from Shawnovision:

What is this 'end' ?
More...

Aren't all ends nothing but what we choose to fill our lives with?

The ends reflect the means, and we each choose the means for ourselves.
 
The poll reflects the truth. If 67.5% of the traders think trading is gambling then the trading business is dead. In fact this "not-gambling" voters are the "meat" of the feast. Fortunately, we have plenty of brave "not-gambling" meat enthusiastically feeding the markets all the time!

The truth is so many people think they know what they are doing, "not-gambling" ; in reality they are gambling. That's why so many "traders" lose money in the markets.

the 2nd truth is no matter how strong the warning is there are always waves of waves "sheep" come in this slaughter house hope to become a master of the house........
 
Can we please give this matter a rest ?

Imagine you are gambling on 5yr Japanese Gvt Bonds, when you buy there are only 2 outcomes.........it goes up or tanks(50/50).


Then a few weeks later you are in Vegas with a blonde in tow and you decide to trade the roulette wheel, but if my memory serves me right you are faced with 38 possible outcomes (about 2.6% per number !)

You can decide which one is gambling......my maths may be wrong, incorrect, full of wrong assumptions and certainly not from the halls of academia but its simple enough for my mind to understand and utilise:D
 
Quote from Cygnus Atratus:

Can we please give this matter a rest ?

Imagine you are gambling on 5yr Japanese Gvt Bonds, when you buy there are only 2 outcomes.........it goes up or tanks(50/50).
:D
More...

A proof of the truth--------they think they know what they are doing.:p .
Never let this matter rest if one wants to be a real trader!

"Good medicine tast very bad". No offence.
 
Let's face it.
Any action where the outcome is not 100% certain can be categorized as "gambling". Of course it depends on where is one's tolerance for the loss: 50%, 75%, 90%...?
As long as You can't show me you are winning 100% of the time, don't tell me you are not a "gambler", albeit a very good one!
 
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