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: .
maybe there should be a thread on how to have your very own holy grail....

here it is folks..

1. just find something that blows you away,that has an edge


2. and try to implement it competently and....repeat


3. see number 2. ad infinitum.......
 
I can answer that...

The Holy Grail is to find out what works for YOU.

These two methods were to illustrate why trading is not necessarily gambling.

Can you make money gambling... yes

I choose to take the path and to NOT rely on luck (whatever that is, I don't beleive in it).

Michael B.

P.S. Ponder if YOUR holy grail relies on "gambling" and not trading :)

Quote from marketdancer:

maybe there should be a thread on how to have your very own holy grail....

here it is folks..

1. just find something that blows you away,that has an edge


2. and try to implement it competently and....repeat


3. see number 2. ad infinitum.......
More...
 
eelctricsavant - each of us is in our very own private journey and that is the part we care to/can share

privately....i prefer not to be contaminated anymore from the outside....lol only makes performance deteriorate....following signals is definitely better than any of my own market opinions...realized am my own worst trading enemy as we try to treat the market as an opponent to beat up....must realize the MAIN factor in losing/not making money is the idiot behind the wheel....

no ego.....just pure luck stumbling into something because am a hardworking prospector...am not even smart...tenacity...

i agree with what mark cook said..even if you sit beside him watching him trade..it will probably take 3-5 years before one become a successfyul trader as he is..

how many can last that long? take in the pain along the way?

er...i tend to ignore people who are not in the business withat least 5 years of profitability....

seen too many market genuises just because they were in good up cycle markets but suddenly realize what is market reality later....a good trader should survive in good,bad,up or down markets....we must NEVER blame the market.....except maybe if and when liquidity dies out..the market will always cull the undeserving...

unless you are one of those lucky fools that got in a good market and jump out with your sacks of gold

the funny part of the market genuises is that they "discover" some method (which is actually pure balls) in pulling the buy trigger whether buy the dips or buy the breakout type BUT IN REALITY all they are in was a good decent bull market...and when the bear market arrives....eventually ms. market get back those who are undeserving of her
 
If 95% or whatever of traders lose...then the poll would need a much higher weighting in one direction to get near a plus or minus 40% expectancy of the outcome of it, to be valid (so am I gambling to say that trading does not need to be gambling :) I say no, and please let me demonstrate it)

We would also need to assume honest answers.

we would also need to agree on what gambling is...

we would need to understand the guest list at ET...

we would need to understand the turnout...

Please lets not turn this into another one of those threads...

Michael B.

P.S. But for those of you who want to change your vote, contact a moderator :)
 
sigh,

You are so right...I don't feel the adrenilin though...(all of the bellweather systems have failed)


Quote from marketdancer:

eelctricsavant - each of us is in our very own private journey and that is the part we care to/can share

privately....i prefer not to be contaminated anymore from the outside....lol only makes performance deteriorate....following signals is definitely better than any of my own market opinions...realized am my own worst trading enemy as we try to treat the market as an opponent to beat up....must realize the MAIN factor in losing/not making money is the idiot behind the wheel....

no ego.....just pure luck stumbling into something because am a hardworking prospector...am not even smart...tenacity...

i agree with what mark cook said..even if you sit beside him watching him trade..it will probably take 3-5 years before one become a successfyul trader as he is..

how many can last that long? take in the pain along the way?

er...i tend to ignore people who are not in the business withat least 5 years of profitability....

seen too many market genuises just because they were in good up cycle markets but suddenly realize what is market reality later....a good trader should survive in good,bad,up or down markets....we must NEVER blame the market.....except maybe if and when liquidity dies out..the market will always cull the undeserving...

unless you are one of those lucky fools that got in a good market and jump out with your sacks of gold

the funny part of the market genuises is that they "discover" some method (which is actually pure balls) in pulling the buy trigger whether buy the dips or buy the breakout type BUT IN REALITY all they are in was a good decent bull market...and when the bear market arrives....eventually ms. market get back those who are undeserving of her
More...
 
first we have to define what is the meaning of a trader here at ET....so that make sure the participants are discussing about the same boat.....

example for me..positioning IS NOT trading...overnites or more....

in discussions there are many conflicts because some of us are apples others are bananas and oranges....

some discussions can be vaild for all fruits altogether..but most have to be discuss only by the same type of fruits.....
:p

things will then get clearer....

for example positioners should id themselves as such and defend why they believe what they do

because many concepts are if not even completely in conflict with those of shorter term traders...thus the many arguments and confusions..people must identify themself first as such....


so in a situation


shout.....i'm a police officer....

another id himsdelf am the robber...

another am the innocent bystander....

maybe then..we all just might get anywhere....

for those who didnt know yet they want to be the police,the robber or the bystander..they have to realize first what they want in the market and how much they are willing to give up to get it....

you want to be the cop? is it safer? better be a good guy
you want to be the robber because you want the money regardless of commiting wrong?
or you are totally clueless as the bystander....

id yourself first what you are what you want to be (goals)
 
Ok folks I have got to get ready for next week. Also when Nitro, is quiet like this, he is busy. I do not know if I am prepared for his big words and advanced logic to come...pray for me.

As you know this is not an ego thing and I can be easily persuaded. But I have experienced that EVERYTHING has an equal and opposite reaction. I am sure that skilled ones can argue this point of "gambling or not" to a nauseating conclusion in whichever direction they wish.

Michael B.
 
i always wonder why people do not eventually into trading with systems...must be the ego not willing to give up their very clever market original dynamic analysis/opinion

in fact....if you look around..look at walmart....macdonald..these are all business systems.....they have in house rules,operating style how to go about their day to day business...yes...the humanity part of it is definitely lesser than some mom and pop business operation...but...these companies has better odds/chance of succeeding using their "system" for each new store branch opening than some dynamic,original,unique,intelligent,smart enterpreneur.....

look at restaurants/businesses opening...how many last survive past 5 years? in comparison to new wal marts or macdonalds.....who uses "systems"
 
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