Psychology: Professional Trader, or professional gambler?

nitro · Jun 16, 2003

Quote from OPTIONAL777:

Ya, I see speculators at the track all the time, yelling at horses to run faster. Very rational. Sort of like yelling at a stock to decline in price.

When I go to the track, I sometimes take my program, roll it up in a tight wad, get up on my chair, start waving the program like a whip and pretend I am the jockey bringing the horse home.

nitro

Rearden Metal · Jun 16, 2003

If you do it right, it's not gambling- it's gam bling bling.

ElCubano · Jun 16, 2003

Quote from dbphoenix:

Much as I admire Vic, this is all pretty silly. The key word here is not "trader" or "gambler" but "professional". A professional gambler takes his risk when the probabilities are in his favor, just as the professional trader does. The amateur gambler just throws money at the house, just as the amateur trader throws money at the market.

The question, then, is whether or not Nitro is behaving like a professional or an amateur.

I have much to learn from you amigo...please continue posting

Breakout · Jun 16, 2003

Quote from OPTIONAL777:

They give odds all the time at the track. The favorite is 5 to 2. Odds are in your favor. That is speculating and not gambling?

The Vegas sports book is all about odds, is that specualtion?

Isn't that kind of high for a favorite? I've never bet on horses,
but I always thought the favorite paid a lot less. You know,
something like putting up 2 dollars to make a dollar.

OVERtheLINE · Jun 16, 2003

hard and has experience to take high probability trades all the time....... so whats wrong with cheering? He would, however, get
ripped to shreads if he were back at the cme doing it :eek:

nitro · Jun 16, 2003

Quote from OVERtheLINE:

hard and has experience to take high probability trades all the time....... so whats wrong with cheering? He would, however, get
ripped to shreads if he were back at the cme doing it :eek:

Heh,

I would probably get punched in the face. No, I take that back, I WOULD get punched in the face.

nitro

market_man76 · Jun 16, 2003

Quote from marketsurfer:

on what grounds do you base your statement ?

Gut feeling

Maybe I should have prefaced the statement with, "In my un-grounded, un-scientific opinion.

But I mean, just read that quoted chat transcript.. Jeez, louise!

Breakout · Jun 16, 2003

Quote from dbphoenix:

The question, then, is whether or not Nitro is behaving like a professional or an amateur.

I realize that is the question. I was just responding to ElCubanos
post that it's all gambling...period. I don't agree...

dbphoenix · Jun 16, 2003

Quote from Breakout:

I realize that is the question. I was just responding to ElCubanos post that it's all gambling...period. I don't agree...

Actually, a more interesting question is why anybody is in there following somebody else's trades in the first place.

Breakout · Jun 16, 2003

Quote from dbphoenix:

Actually, a more interesting question is why anybody is in there following somebody else's trades in the first place.

Trying to learn?