Just wondering when does a trader become a gambler?

murray t turtle said:
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You proved my point JSOP;Las Vegas is not a regulated exchange. NOT all gamblers are stupid; but the lottery is a stupid tax on people that cant do math.
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You are not comparing the same thing here. You are comparing trading with very specific examples of gambling that has characteristics that is being assumed not existing in trading.

If you want to compare trading vs. gambling, then you need to use the same assumption for BOTH including but not limited to:

1) Regulated environment that allows for continuous profit-making opportunities with no negative repercussions, i.e. no hitman will visit you if you make too much money

2) The gambler AND the trader are both of sound mind and are able to handle all outcomes of their gambling or trading activities with reasonable reactions, i.e. no killing people
 
jl1575 said:
gambling: you are given random chances to win
Trading: you filter out random chance to win
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The outcome of any trade is random, no matter the edge. Unless you are trading a sure thing, e.g. inside knowledge of a proposed buyout, then the outcome is random. Probability does not equal outcome.

Overnight said:
In the relevant sense, yes. In the absolute sense, no.
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With all due respect, I cannot make sense of what you mean. I will only say that anytime one places capital at risk where the return of that capital is less than 100% certain, a bet has been made. If one does not have the self-knowledge to confess to the gamble and wishes to consider it something morally superior, so be it. But it is a bet, no more and no less, with all due respect.
 
As far as I think, a trader become a gambler when he loses a lot of money in a quick time. In this situation, he losses his patience and tries to overcome the losses in a quick time as he lost. This is the main reason why many people lose their money on the money market.
 
This goes on and on and only goes to reveal the muddled thinking of so many traders about what trading is, but also what life is.

For pity's sake, let no-one else post anything more on whether trading is gambling.
 
when does a trader become a gambler?
The moment you starts trading.

Honestly speaking the definition doesn't matter as long as you know what you are doing, and are making money.
 
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