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: .
Just a size issue.....Cyggy


Quote from Cygnus Atratus:

I rest my case...see you in Vegas !


Bar a few trading styles,would you not say you control your odds as you select when to put a trade based on your perceptions and beliefs of past, current and future price movements,direction and strength for your chosen instruments.....


Yes EVERYONE on this board, including that Livermore fella on another thread has had a few trades that were simply a matter of luck, nothing more, but if thats the case are'nt we then all just lucky enough to have been the right side of random price movements OFTEN ENOUGH with bankrolls that enable accummulation & we then mistake this for skill,knowledge or even worse a "sense of harmony with the markets" - delusions. Most of this probably applies mainly to funds, but just my 2 cents on the matter.

Thats why l call myself Cygnus Atratus......constant reminder
More...
 
Let's take another example:

you buy stock XYZ @10 bucks. It goes up to $15. After examining all the fundies and technicals, you decide it's time to sell. Right afterwards, the stock drops.
Would you crow about your "skills" for having foreseen the correction, or would you consider yourself "lucky" to have gotten out in time?
If on the contrary, against your expectations, XYZ zooms to $50, would you lament about your "bad luck" for having missed the train?

What I am trying to say is in trading, as anything else in life (and death), what matters is "perception". No matter you consider it gambling, betting or legitimate way to make a living, it all boils down to YOU and HOW you deal with it. Until YOU get it sorted out, nothing else matters.
 
premise...stock can go to zero

time: I can die

new information: historical range

Can knowing certain information cause the "not gambling" hypothesis to be proven?

Gambling is uncertain...wait...re-read...

would the dictionary define that if one item were proven and certain within a uncertain outcome then there might be a degree possible?



Quote from pqt:

Let's take another example:

you buy stock XYZ @10 bucks. It goes up to $15. After examining all the fundies and technicals, you decide it's time to sell. Right afterwards, the stock drops.
Would you crow about your "skills" for having foreseen the correction, or would you consider yourself "lucky" to have gotten out in time?
If on the contrary, against your expectations, XYZ zooms to $50, would you lament about your "bad luck" for having missed the train?

What I am trying to say is in trading, as anything else in life (and death), what matters is "perception". No matter you consider it gambling, betting or legitimate way to make a living, it all boils down to YOU and HOW you deal with it. Until YOU get it sorted out, nothing else matters.
More...
 
By definition: gambling = uncertain outcome (<100%)

So even if you have 99.999% of winning, you'd still be gambling.
Of course, there are some with higher pain threshold...They would take 99.999% chance of LOSING and jump in with both feet!...:p
 
IMHO, trading is not a gambling:
When you trade you use news, reports, technical analisys and so on. Trades - are executed by command; and depending on bid/ask volume price is jumping up'n'down. Also, when there is a trend - you can jump in to make some money or loose if trend is over.
When you gamble, you just hope that you will win. No news will help you. when you gampble, there are no trends.

Dima
www.mmepxlorer.com
 
What about a hot streak?


Quote from dpolyakov:

IMHO, trading is not a gambling:
When you trade you use news, reports, technical analisys and so on. Trades - are executed by command; and depending on bid/ask volume price is jumping up'n'down. Also, when there is a trend - you can jump in to make some money or loose if trend is over.
When you gamble, you just hope that you will win. No news will help you. when you gampble, there are no trends.

Dima
www.mmepxlorer.com
More...
 
Quote from ElectricSavant:

What about a hot streak?
More...

when you gamble? Just pure luck, no much skills are needed to be in a hot streak. You just lucky that you are winning. But when you trade you can control your trades, let's say if you are a scalper - you go short/long 20 times a day. But you do your decisions based on your skills.
Or, let's say a football team, that wins 20 games in a row, not becasue it is just lycky, but probably because all players trained better than others. Will you consider it gambling?

Dima
www.mmexplorer.com
 
But can you be a good gambler?


Quote from dpolyakov:

when you gamble? Just pure luck, no much skills are needed to be in a hot streak. You just lucky that you are winning. But when you trade you can control your trades, let's say if you are a scalper - you go short/long 20 times a day. But you do your decisions based on your skills.
Or, let's say a football team, that wins 20 games in a row, not becasue it is just lycky, but probably because all players trained better than others. Will you consider it gambling?

Dima
www.mmexplorer.com
More...
 
You must log in or register to reply here.
Back
Top