Wouldn't a virgin having unprotected be at risk as well?
Trading is Gambling. You know it! Be honest
- Thread starter ElectricSavant
- Start date
Wouldn't a virgin having unprotected be at risk as well?
I dont think you have to change the terminology just because someone is successful at it... it's still gambling... just executed by a professional
Quote from Keeper:
As long as she has an appropriate stop loss in place, she should be fine!
But on the packet there is a warning of a 3% chance of a fast market "blowing" by your stop
Here is the only distinction that matters
Amatuer traders/gamblers rely on luck/chance
Professional traders/gamblers rely on probabilities
Amatuer traders/gamblers rely on luck/chance
Professional traders/gamblers rely on probabilities
"I say" - " a lot of discussion about something that is really a personal opinion at best. Some trades are gambles, plain and simple...some are "calculated risks" (not much better), and some "trading" (vs. single trade) is a logical, rational approach to participating in the marketplace.
I count cards (not really gambling in the long run). I "gamble" on occasion when grabbing a couple thousand shares of a stock I know little about ...."just because" (gap down, gap up, "shouldn't go any lower/higher)... experience tends to lead to better "gambles" - but my primary trading is what I consider simple active participation from a position of strength (capital, education, experience, all the "good stuff").
FWIW,
Don
I count cards (not really gambling in the long run). I "gamble" on occasion when grabbing a couple thousand shares of a stock I know little about ...."just because" (gap down, gap up, "shouldn't go any lower/higher)... experience tends to lead to better "gambles" - but my primary trading is what I consider simple active participation from a position of strength (capital, education, experience, all the "good stuff").
FWIW,
Don
Thats gambling from a position of strength because there is still risk