Trading is Gambling. You know it! Be honest

Gambling?

  • Yes

    Votes: 19 45.2%

  • no, I am lieng to myself

    Votes: 23 54.8%
  • Total voters
    42
Are you a TraderClone? or are you being honest?

When you pull the trigger do you believe you are "Gambling"? or do you "feel" it.

is gambling a "feeling" or a "Belief"?

when you manage risk are you managing "Gambling"..what do you believe?

Folks the votes are coming in...here is your chance to "not vote"...
 
GAMBLE----1: to play a game for money, 2: or to bet on an uncertain outcome, 3: or an act having an element of risk, 4: the playing of a game of chance for stakes.

Is trading a game for money? Kind of a serious game.

There is an uncertain outcome for each trade, although there is the % probability that the trade will be profitable and yield a probable $ amount.

There is an element of managed risk for each trade.

Is trading a game of chance? There is skill involved. It's not a role of the dice if you have a profitable method.
 
Quote from FightTheFuture:



Is trading a game of chance? There is skill involved. It's not a role of the dice if you have a profitable method.
More...

Blackjack... playing the odds, probability... just as much skill in some forms of betting, professionals pick horse flesh the way a pro picks stocks

and some traders on the other hand pick a direction on a whim, just like the toss of a coin or the throw of a dice

We call pro's traders and losers gamblers... it's all semantics

Professional gamblers would slaughter 95% of so called traders if this was their game
 
ummm...we have already agreed playing proper blackjack while keeping accurate track of a plus and minus count in time will be 'not gambling' haven't we? or does the dictionary definition of the sky is falling apply there too?

trading is Gambling...because the risk is unknown and the outcome is yet to be seen...

we persuade ourselves that it is a safe bet through our timeless analysis in Trading.

nobody really knows that they will bank $'s...no matter how safe they believe it is ...

Michael B.

do the Casinos gamble....? If not...Can traders "not Gamble" ?

hmmm...sounds like a "no vote" to me :)



Quote from Trader28Lite:

Blackjack... playing the odds, probability... just as much skill in some forms of betting, professionals pick horse flesh the way a pro picks stocks
More...
 
Quote from ElectricSavant:

ummm...we have already agreed playing proper blackjack while keeping accurate track of a plus and minus count in time will be 'not gambling' haven't we? or does the dictionary definition of the sky is falling apply there too?

trading is Gambling...because the risk is unknown and the outcome is yet to be seen...

we persuade ourselves that it is a safe bet through our timeless analysis in Trading.

nobody really knows that they will bank $'s...no matter how safe they believe it is ...

Michael B.

do the Casinos gamble....? If not...Can traders "not Gamble" ?

hmmm...sounds like a "no vote" to me :)
More...


Finally an example of not gambling... the roulette wheel... the casino cannot lose, but really that one green zero is more like a brokerage fee for letting losers place a 50/50 bet that only pays out 48.648%

Trading is more akin to blackjack in that you can use an edge to put probability on your side, but even then if you have the same hand as the house then the house wins and that constitutes a brokerage fee... but at least unlike roulette you have a slim chance of developing a system that can overcome the fee... roulette the odds are set in stone and an edge cannot be devised
 
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