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: .
now Handle123 is going to lecture me that is what stop losses are for...HeHe. He is a trader that has well defined if trading is "Gambling" or "not gambling"
 
Samson77 said:
LOL- I wish trading was as easy as gambling somtimes.

I made $5500 last week in a poker tournement with a $10 buy in!

You do the math on that return in 4 hrs.

In all honesty trading is much better then gambling because unlike being a skilled poker player who relies on luck a lot of the time, trading is hard work, knowledge and disipline.

Trust me I have done a lot of both and trading and gambling are VERY different.

:cool:
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Thank you, Samson, never played any gambling seriously I always argued that trading is an art, science, skills much more soffisticated then gambling and with absolutely different outcomes and risks. It is very precious to find your statement.
 
I would add, trading was as gambling for me, when I was a newvice and with no education.. 9 years old, first-time cruise ship front of casino machine.. some years later, Monte-Carlo shine and again machines.. the feeling was absolutely the same, praying for luck.. Trading is not luck and risk-taking in trading is well measured. It helps me a big deal going in Casino of Venice/Italy/ and watching people trying to sell their Rolex for any bargain cash.. those scenes helped us to never leverage, this was a s. Unless when we were absolutely novice.
 
CSEtrader said:
I would add, trading was as gambling for me, when I was a newvice and with no education.. 9 years old, first-time cruise ship front of casino machine.. some years later, Monte-Carlo shine and again machines.. the feeling was absolutely the same, praying for luck.. Trading is not luck and risk-taking in trading is well measured. It helps me a big deal going in Casino of Venice/Italy/ and watching people trying to sell their Rolex for any bargain cash.. those scenes helped us to never leverage, this was a s. Unless when we were absolutely novice.
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It can be both If you have developed a method that returns a relatively consistent profit then it's probably not otherwise it usually is gamboling.
 
Depends on how you define gambling.

*When it comes to definitions I prefer not to roll my own so my bias is:

I suggest many of the posters in this thread look up the definition of gambling and then continue their posting.
 
Trading is not gambling. However, most 'traders' don't realize that they're gambling and not trading.

Here is an example of actual trading: I own 1 million shares of a thinly traded stock which I would like to sell. How do I get out of my position at a fair price without the market selling-off on my selling? The construction of the solution = real trading.

Gambling, on the other hand, is the betting of money on uncertainty with the intention to win something.

The two are worlds apart.
 
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