Psychology: Professional Trader, or professional gambler?

Quote from ElCubano:

it is all gambling...can a gambler have an edge?? sure...but when u place a bet on a direction u are in fact taking a gamble the direction continues in your favor.....peace
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Breakout read it again.....a gambler/trader with an edge can make money.....but when you take a bet in the direction the market is going you are in fact gambling that the direction goes in your favor...you can call it what you want....but in my book you are placing a bet (ie. gambling ).......can you have an edge sure can that edge make you money sure..but the act of placing a bet is called???? what


you have no way of gauranteeing you will be trading 1 year from know.......if you can gaurantee that please let me know where to send my funds..... :D
 
Quote from ElCubano:




Breakout read it again.....a gambler/trader with an edge can make money.....but when you take a bet in the direction the market is going you are in fact gambling that the direction goes in your favor...you can call it what you want....but in my book you are placing a bet (ie. gambling ).......can you have an edge sure can that edge make you money sure..but the act of placing a bet is called???? what


you have no way of gauranteeing you will be trading 1 year from know.......if you can gaurantee that please let me know where to send my funds..... :D
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I guess it's just our definition of "Gamble" that differs. Just to take an
extreme example, If I was sitting at a card table and I had
the elusive royal flush(the best hand in poker) in my hand,
I wouldn't think of it as a gamble to "raise the bet", because the
odds are waaaayyyy in my favor. To me, gambling is taking a
risk that you have little to no chance of profiting on...:cool:
 
Quote from Breakout:




...to trade? lol
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The only thing you'll learn is how to trade like Nitro. If that's what you want, you might succeed in doing so. But I doubt it. :(
 
Quote from dbphoenix:



The only thing you'll learn is how to trade like Nitro. If that's what you want, you might succeed in doing so. But I doubt it. :(
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leave nitro alone or I'll unlease 1000 Jesse/Longshot posts on you:p :p :p
 
Quote from Breakout:



I guess it's just our definition of "Gamble" that differs. Just to take an
extreme example, If I was sitting at a card table and I had
the elusive royal flush(the best hand in poker) in my hand,
I wouldn't think of it as a gamble to "raise the bet", because the
odds are waaaayyyy in my favor. To me, gambling is taking a
risk that you have little to no chance of profiting on...:cool:
More...

royal flush...now we are talking lucky....:D
 
Quote from ElCubano:



royal flush...now we are talking lucky....:D
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Luck wasn't the topic...the question was, "Would it be gambling
to bet on it"? And I say...no...hehe
 
Quote from Breakout:





Luck wasn't the topic...the question was, "Would it be gambling
to bet on it"? And I say...no...hehe
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Now translate a royal flush ( a sure thing ) into the Market.....peace
 
Quote from ElCubano:



Now translate a royal flush ( a sure thing ) into the Market.....peace
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Like I said...the topic wasn't "a sure thing" or "luck". The
topic was gambling. And when the odds are in you're favor, it's
not gambling, but speculating...IMHO
 
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