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: .
Quote from traderich:

I think if you have a proven method that will be profitable over the long run then although it technically is 'gambling' is worthwhile.

I think there is a negative conotation that 'gambling' is a bad
thing because you will end up losing money in the long run.

I count cards and often when I mention to anyone that I play
blackjack, the first thing they say is 'oh you like to gamble.'

Well, yes, I am gambling because I do not not for certain the
outcome on any given hand however in the long run I know
I will win (or as I say, 'earn') money.

I like the term 'gambling with the best of it' or as my friend
who showed me how to count cards would say 'just get the money in with the best of it.'

I have read that something like 95% of day traders are losers
in the long run. I think if they had a proven method to win and could make it to the long run things would be different.

That goes for card counting as well. You need a large bankroll, discipline, concentration, and not getting caught and barred from
the casino before you make it to the long run.

Peace
More...

Yes! Good trading is most like card-counting in BJ!. You can "put the odds of winning in your favor" by card-counting and how you bet. Same with trading.

Different from gambling, of course... as regardless of what you know or how you behave/bet, you cannot swing the odds to your favor.
 
I thought I would mention this as well:

I was tapped on the shoulder by 'two suits' and told 'surveillance has determined you are an advantaged player. We have taken all your points from your wampum card and you are restricted to betting one hand at table minimum."

The casino does not ask you to leave. This is the first thing they do. The next thing that happens is they ask for your license and if you give it to them they bring you into a room, take your picture and make you sign a letter stating that you are banned from the casino permanently and if you return you will be arrested.

Other than Altantic city, all other casinos have the right to do this. this is due to an old law on the books called the inn keepers law, which states that any business can barr any patron at any time for any reason.

The casinos run a dirty business. It is a joke that you are not allowed to THINK while playing their games. I am not cheating, I am THINKING. I only have a .8% advantage on the house, and that is over 1000 hours of play or more. In any one session I could and have lost thousands. I have also won sizable amounts like $2800 in one shoe (about 25 minutes).

My friend and I who count are forced to travel the country and limit our bet spreads to about $25-$250.

If you like to play blackjack and can't count, only play or raise your bets at the end of the shoe. We all are at a disadvantage at the start of a shoe, and only occassionally have at most a 2-3% edge with the count above 50 in a 8 deck shoe, and 38 in a 6 deck shoe. I use the KO system.

FUCK the casinos!!!
 
The market is known knowns, known unknowns, unknown unknowns.. and of these the known knowns are most suspect.

Trading is gambling, pure and simple - very similar to poker or betting the horses. Just do your DD and go for slightly more wins than losses.
 
Quote from Hansel H:

The market is known knowns, known unknowns, unknown unknowns.. and of these the known knowns are most suspect.

Trading is gambling, pure and simple - very similar to poker or betting the horses. Just do your DD and go for slightly more wins than losses.
More...

Your statement, "trading is gambling, pure and simple" is incongruous.

1. The Texas Supreme Court has already ruled that "poker is NOT gambling".

2. "Betting the horses" is more a game of handicapping/skill... less gambling [apparently] than your pea brain can decipher.
 
definitely it is a gambling

after you bet, the winning or losing is not in your hand.just like throwing a coin, head up or tail up is not in your hand. no matter how hard you think or how hard you throw

simple enough,you bet long or short, how long, how much. after I realized this fact, I started to trade smarter and smarter,my equity curves tarts to climb. before I donot admit it is a gambling, I do averaging down, I hold on tight the more against me, the more tight I hold, even add more, since I think I am smart and I can control the results, no, end up I lose big

of course it can become an intelligent game,if you play some tricks or play some cheating, for example, let someone throw the coin, but you do not claim head up/down before the game, wait till you see the coin almost touches the ground, pay particular attention to the coin the moment it touches, the odd of you claim being right will be no more 50%/50%, slightly higher, in the long run,you outsmart it
 
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