Stock trading is pure gambling, enjoy!

[themickey]

I would suggest that crypto trading is, but whatever.
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Crypto is no different from stocks, well there is a slight difference, for me, crypto is easier to trade.
The problem with crypto, it's got a new technical language and often has been unregulated and scam endemic. Trading the ETF's is easier for a stock trader but the risk of a trapdoor opening could still be there, the gummint being the biggest villain.

 

[SimpleMeLike]

You can't have a million players competing against each other where the majority win, it's impossible.
There is not one best anything.

Hello themickey,

The CME has the future ES , which is the place to get rich. You can trade 23 hours a day. And it's legal too.

What better option do you have cause you can't not sell drugs, because it's too easy to get caught in USA and do Fed time. I have 2 cousins doing 50 years combined for selling dope. So that Hustle is gone.

You can try selling trading courses to get rich as well if you like.

But I do ES futures all day. It's legal too, so best to do it. Or NQ as well.

 

[themickey]

The CME has the future ES , which is the place to get rich. You can trade 23 hours a day. And it's legal too.

Mate, the world is trying to reduce working hours, not more.
Who wants their boss accessing them 23 hours a day?
"All ye who enter, welcome to slavery".

 

[SimpleMeLike]

Mate, the world is trying to reduce working hours, not more.
Who wants their boss accessing them 23 hours a day?
"All ye who enter, welcome to slavery".

Hello themickey,

I understand what you mean, but how else can I get rich easily and quickly, besides the futures market?

Once I get rich, then I do not not have to work all day.

Nothing wrong with working man.

 

[themickey]

....how else can I get rich easily and quickly.....

Maybe crypto being it's like the wild west and still relatively early days.
But as for getting rich quickly on traditional futures markets, those days are maybe gone unless one had access to something retail plebs don't have, like you worked for a brokerage company and can see stops and orders and the like.

 

[themickey]

The other thing possible, work at the printing press of a Money Magazine, before its published, place trades on what stocks they're pumping.

 

[SimpleMeLike]

Maybe crypto being it's like the wild west and still relatively early days.
But as for getting rich quickly on traditional futures markets, those days are maybe gone unless one had access to something retail plebs don't have, like you worked for a brokerage company and can see stops and orders and the like.

Hello themickey,

If the days of getting rich quickly on the futures market are gone, then why does ES and NQ still trade the highest volume in the future market day to day the past +5 years?

 

[themickey]

Hello themickey,
If the days of getting rich quickly on the futures market are gone, then why does ES and NQ still trade the highest volume in the future market day to day the past +5 years?

Good question, maybe it's programmed trading, more of that, more churn, but high volume does not equate to high profits nor large moves.
Monthly chart NQ 25 years everything looks the same in terms of price range.

 

[Scataphagos]

Playing card games, is that gambling? Any sort of card games.
Are the odds fixed and against you?

Hogwash!
In financial markets only the minority who are smart and systematic win over the long run, that leaves the majority to lose.

In a famous Texas Supreme Court ruling, it was deemed that poker is not gambling but rather a game of skill.

 

[themickey]

In a famous Texas Supreme Court ruling, it was deemed that poker is not gambling but rather a game of skill.

Semantics

Is Poker Considered Gambling? The Debate is Over
https://upswingpoker.com/is-poker-considered-gambling-debate-over/

The long-running debate on whether poker is a game of skill has a definitive answer. Poker is a game of a skill, and in the long term skilled poker players will win money from players with less skill.

While poker can be definitively called a game of skill, is playing the game still considered a form of gambling? Let’s discuss in this article.

Is Poker Gambling?
The short answer is yes – poker still falls under the category of gambling, despite its status as a game of skill. Consider the Merriam-Webster Dictionary definition of gambling:

• Gambling – the practice or activity of betting; the practice of risking money or other stakes in a game or bet.

Poker players of all skill levels gamble every time they play the game. For even the best players in the world, every poker session requires all players to gamble on whether they can win money from other players in a particular session.

Any game that involves wagering on an outcome can be considered gambling. Poker, along with sports betting, are unique forms of gambling that also qualify as games of skill.

If you’re talented enough at poker or sports betting you can turn a profit in the long run. Both poker and sports betting still involve gambling, however, and even the best players in each category gamble every time they play.