Quote from stockerup:
I agree with you WD. Only, IMHO trading is not gambling at all.
Look at how Webster defines gambling:
1 a : to play a game for money or property b : to bet on an uncertain outcome
2 : to stake something on a contingency : take a chance
Anyone who does anything for a living fits 1 a. (considering that "game" can be defined as "a procedure or strategy for gaining an end "; if you define game only as "activity engaged in for diversion or amusement" then I guess only those who like their jobs would be considered gamblers).
EVERYONE fits 1 b, since nothing is certain and by doing or not doing anything we bet on its outcome one way or the other.
for a similar reason, eveyone also fits 2. They even say in a TV commercial "the biggest risk is not taking one". While I don't necessarily agree with that, it is very obvious that whenever you make a decision to avoid one risk you automatically take another.
So, as much as any being, a trader is a gambler, but not more than a postal worker. When you think it through, what a postal worker does is akin to selling far out of the money puts on FDX or UPS: He gets small, regular income as long as the postal service survives, and if it should perish, so will he, unless he makes major changes in his life and rebuilds.