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
Quote from CasinoKid:

Trading is not gambling. I will end this debate for once and for all.

Gambling in an economic view creates no wealth or whatsoever cuz you can bet on anything as silly as it sounds.

Whereas when you are trading or speculating it adds wealth to the economy cuz you are investing your money into a corporation for example.
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According to the above, you must be gambling, if not kidding. :D
 
Quote from Trader28Lite:

Professional gamblers make 95% of traders look like dog meat
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I can see that. What about PROFESSIONAL gamblers versus PROFESSIONAL traders? The best versus the best?
 
Quote from FightTheFuture:

I can see that. What about PROFESSIONAL gamblers versus PROFESSIONAL traders? The best versus the best?
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It would be interesting for both of them to crossover and see who can do the others job better
 
Ask a trader to risk the life of his family on his next "sure thing" trade and you'll find out pretty quickly if it's gambling or not ;)

In fact their exact reply would be "I would never GAMBLE with my familys life"
 
Quote from Trader28Lite:

Professional gamblers make 95% of traders look like dog meat
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Professional gamblers in what type of game????.

For example poker for me is not considered as gambling because there are players who are consistent at winning. There is skill involved. That is the reason why we have Poker celebrities such as Jhonny Chen, Money Maker, Scotty Nguyen for example.

Whereas games such as Black Jack, Baccarat and Roulette I have never heard of anyone who where able to beat the odds consistenly without cheating.

You might tell me that card counters is the exception to the rule but this technique only increases your odds by a bit since nowadays casino alter their games in such a way that their odds are doom to be winners.
 
Quote from Trader28Lite:

Ask a trader to risk the life of his family on his next "sure thing" trade and you'll find out pretty quickly if it's gambling or not ;)

In fact their exact reply would be "I would never GAMBLE with my familys life"
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A trader would never do this the simple reason is because trading is not a sure thing . You can have the best odds in the world and SHyt can always happen to you. However what can be assured is that Trading since it consist of the interatction of buyers and sellers you can have an edge over the players. There is psychology involved that you can use and abuse!
 
I think the reality of life is that everything you encounter has some element of risk and granted we cant really control the random wild card that might come up on occasion but assuming we are willing to accept and take on life's variety of challenges then "calculated risks'" are are in order. Generally speaking, I think the the most successful among us devise ways to properly measure that risk and then act accordingly.
 
Quote from CasinoKid:

A trader would never do this the simple reason is because trading is not a sure thing . You can have the best odds in the world and SHyt can always happen to you. However what can be assured is that Trading since it consist of the interatction of buyers and sellers you can have an edge over the players. There is psychology involved that you can use and abuse!
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And the best gamblers exploit their own edges, same thing... and some forms of gambling such as poker involve even more psychology than a nameless faceless trader on the other end of your contracts
 
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