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

[ElectricSavant]

Is death "Not Gambling" ?

Quote from Fireplace:

Life is a gamble, so everything that makes up life is also a gamble to some extent?

 

[emg]

More than 90% of small traders lose. One of the main reason is they are a gambler. I have created a thread Gambler vs Trader:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=215740


Small Traders lose. They just lose!

 

[ElectricSavant]

Do big traders lose big? or do they "Not Gamble" because they have more to lose?

Does their bankroll decide their trading style? Sounds like a losing bet to me...

ES

Quote from emg:

More than 90% of small traders lose. One of the main reason is they are a gambler. I have created a thread Gambler vs Trader:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=215740


Small Traders lose. They just lose!

 

[marketsurfer]

Quote from ElectricSavant:

Is death "Not Gambling" ?

Gambling by nature involves choice. Death is not a choice.

 

[emg]

Quote from ElectricSavant:

Do big traders lose big? or do they "Not Gamble" because they have more to lose?

Does their bankroll decide their trading style? Sounds like a losing bet to me...

ES

Big Gambler Traders lose. But, they are not called big traders. They are called Rogue Traders. Rogue Traders are:

Nick Leeson, a prop trader for baring bank
Jérôme Kerviel, a prop trader for Société Générale
Yasuo Hamanaka, a prop trader for Sumitomo Corporation

and so on.

There is a difference between Big Traders vs Rogue Traders

<iframe title="YouTube video player" width="640" height="390" src="http://www.youtube.com/embed/hkDg2Y_owOE" frameborder="0" allowfullscreen></iframe>

 

[kiwi_trader]

Quote from ElectricSavant:

Hello kiwi...

When "not gambling"..... Does the trader have more control over the outcome?

ES

Only in the statistical sense.

 

[marketsurfer]

If a Rougue Trader won, and got away with it--- he/she would be considered a big trader.

history is written by the winners--- on wallstreet also.

 

[emg]

A rogue trader is an authorised employee making unauthorised trades on behalf of their employer. It is most often applicable to financial trading, and as such is a term used to describe persons - professional traders - making unapproved financial transactions.


In other word, when a professional conservative trader becomes bored or got tired trading the conservative way, he/she suddenly become a rogue trader.

They want to get rich quick!

 

[marketsurfer]

Quote from emg:

A rogue trader is an authorised employee making unauthorised trades on behalf of their employer. It is most often applicable to financial trading, and as such is a term used to describe persons - professional traders - making unapproved financial transactions.

and ? Wonder why we never hear about those rogue traders who make money and lots of it for their firms?

obviously every unauthorized trade does not lose.

 

[emg]

Quote from marketsurfer:

and ? Wonder why we never hear about those rogue traders who make money and lots of it for their firms?

Banks no longer hire prop traders. They hire a prop firm to minimize the risk. It takes 1 prop trader to bring down a firm. Look at nick leeson, he bankrupted baring bank.