Why Is The Obvious Not So Obvious?

These arguments/discussions of trading being or not being gambling are simply because of people talking at cross purposes.

The issue concerns defining what gambling is, and then determining if your particular form of money making activity matches that definition. My definition of gambling is any activity that involves risking money to gain money without supplying some form of service or product that you add value to. Running a business with an end product or service is therefore not gambling but it still involves managing risk with potential failure. Trading is therefore gambling (regardless of how successful a trader is) but it is obviously different from fixed odds gambling. The difference is that with trading you can develop your own trading method to put the odds in your favor and to exploit that with a betting strategy - trade size and not risking too much per trade.
 
LOL


Yes..., trading is gambling - no question about that...

But then again

Trading is not gambling - no question about that...

But then again

Trading is so..., so..., so very much more than gambling ever could be - no question about this one either

================

Again..., and without question - money is always at risk with each trade we take

But then again - our money is always at risk

Ever purchase anything that didn't meet your expectations.., failed to work..., part of whatever you purchased was missing..., you received the wrong food in a take out order

How about when an account comes up short because someone on the back end pressed the wrong key

How about when an account is hacked and money taken

Blah..., blah..., blah
================

Aside:

I don't make sense to most..., most of the time - no question about this one either

Please believe me when I say - I get it..., it's all good


Call it green eggs and goulash - for truly - it simply matters not

Losing trades - are as an integral part of successful trading..., as are profitable trades - always has been.., always will be

====================

People's beliefs are little more than self manifested energy - typically based in one's own biases..., prejudices..., inadequacies..., fears

Yet they cling to em..., like they were their sole means of salvation in the sea of life - up to the point of being willing to kill others..., or even die for them

Always found that to be a quite intriguing phenomena

===================

Once upon a time I went on a journey..., to become a trader - I eventually returned - as nothing

Now..., trading is what I do..., but it not who I am

;)

Free your mind - your ass will follow - for it has absolutely no say in the matter - ever


Simply some nonsensical musings - from a simple minded..., dumbass..., redneck

Happy Sunday All

RN
 
RN & MN..both correct.

The funny part is, it really is so easy to make money trading, which is exactly why it is so hard!

Get your "head" in order, or whatever fancy textbook term you want to give it, and it really does become as easy as taking candy from the baby.

RN, it is very hard to describe "willing to die for a belief", but being born in a country that countless people had generations of hard and honest work, taken away from them, by nothing more than tyrants under the guise of "royalty" - I can easily relate to why some people are this way.

Blood is always thicker than water, for most, and tyrants will always be tyrants - History will always repeat itself - in exactly the same way that price movements do!

J_S
 
Redneck said:
LOL


Yes..., trading is gambling - no question about that...

But then again

Trading is not gambling - no question about that...

But then again

Trading is so..., so..., so very much more than gambling ever could be - no question about this one either

================

Again..., and without question - money is always at risk with each trade we take

But then again - our money is always at risk

Ever purchase anything that didn't meet your expectations.., failed to work..., part of whatever you purchased was missing..., you received the wrong food in a take out order

How about when an account comes up short because someone on the back end pressed the wrong key

How about when an account is hacked and money taken

Blah..., blah..., blah
================

Aside:

I don't make sense to most..., most of the time - no question about this one either

Please believe me when I say - I get it..., it's all good


Call it green eggs and goulash - for truly - it simply matters not

Losing trades - are as an integral part of successful trading..., as are profitable trades - always has been.., always will be

====================

People's beliefs are little more than self manifested energy - typically based in one's own biases..., prejudices..., inadequacies..., fears

Yet they cling to em..., like they were their sole means of salvation in the sea of life - up to the point of being willing to kill others..., or even die for them

Always found that to be a quite intriguing phenomena

===================

Once upon a time I went on a journey..., to become a trader - I eventually returned - as nothing

Now..., trading is what I do..., but it not who I am

;)

Free your mind - your ass will follow - for it has absolutely no say in the matter - ever


Simply some nonsensical musings - from a simple minded..., dumbass..., redneck

Happy Sunday All

RN
More...
As always RN you Crack me the hell up. Have a great Sunday also
 
One of the very obvious thingy for my fellow travelers is you are like a new toddler coming to a modern swimming pool w/o your parent. Here you find some under resuscitation, some sinking, some are barely floating, some could swim around a couple feet max, some a little bit more, some used to swim very far before, now couldn't last a couple feet or even start sinking, and you could never spot Michael Phelps and the likes, even though the probability that they exist is quite high. And the pool, this is a freaking complex & weird pool and doesn't look like the pool you have at home. Its shape, form, temperature and waves are changed continuously through time.

But the noise around the pool is quite confusing and maddening. Everyone has a secret, has a method, has a knowledge of how they have become a "good" swimmer and they have the experiences to prove. The more you listen, the more you are confused, the more hope, the more discourage, and let's not dwelling into following the pretenders or the ghosts of the past.

Now, Mr & Mrs Toddler, what is your problem? Why are you here? What do you need to know? What do you need to do? Do you have the passion, the curiosity, the fire to do the extra work to figure out the answer? You can lie to anyone but do not lie to yourself because that will be your dead sentence.

This is the damn answers you have to find for yourself. And stages to grow. Every stages you have passed through, certain advises & people are no longer helpful if they have become the ghosts of the past. Remember the pool changes, the people in the pool change and you have to change too.

I give you a clue though. Nyquist & Shannon theorem of sampling frequency does apply to knowledge. Once you apply the theorem correctly, you might faithfully & acceptably reproduce the signal & distinguish the noise from the true signal. Make sure that you understand w/o applying your knowledge w/ action, there is no way you can glimpse the answer to the puzzle starts forming and the feedback process. That is w/o saying that you have to protect yourself from sinking.

Good luck, my friends.
 
SkyChef said:
One of the very obvious thingy for my fellow travelers is you are like a new toddler coming to a modern swimming pool w/o your parent. Here you find some under resuscitation, some sinking, some are barely floating, some could swim around a couple feet max, some a little bit more, some used to swim very far before, now couldn't last a couple feet or even start sinking, and you could never spot Michael Phelps and the likes, even though the probability that they exist is quite high. And the pool, this is a freaking complex & weird pool and doesn't look like the pool you have at home. Its shape, form, temperature and waves are changed continuously through time.

But the noise around the pool is quite confusing and maddening. Everyone has a secret, has a method, has a knowledge of how they have become a "good" swimmer and they have the experiences to prove. The more you listen, the more you are confused, the more hope, the more discourage, and let's not dwelling into following the pretenders or the ghosts of the past.

Now, Mr & Mrs Toddler, what is your problem? Why are you here? What do you need to know? What do you need to do? Do you have the passion, the curiosity, the fire to do the extra work to figure out the answer? You can lie to anyone but do not lie to yourself because that will be your dead sentence.

This is the damn answers you have to find for yourself. And stages to grow. Every stages you have passed through, certain advises & people are no longer helpful if they have become the ghosts of the past. Remember the pool changes, the people in the pool change and you have to change too.

I give you a clue though. Nyquist & Shannon theorem of sampling frequency does apply to knowledge. Once you apply the theorem correctly, you might faithfully & acceptably reproduce the signal & distinguish the noise from the true signal. Make sure that you understand w/o applying your knowledge w/ action, there is no way you can glimpse the answer to the puzzle starts forming and the feedback process. That is w/o saying that you have to protect yourself from sinking.

Good luck, my friends.
More...

Must never forget that we all were once able to swiw, as we all emerged from a swimming pool - put a new born infant into a pool and it will instinctively swim!

It is only when the brain is exposed to surrounding conditions does the natural instincts disappear - but that is all they do, they do not die, they are still there deep within the caverns of the human mind.

They key to all of our problems, real and perceived, lies in understanding and utilizing the power of the mind - I am just a thick Irish Paddy and says that..

"it's all in the head"

PT must be feeling happy:D

J_S
 
SkyChef said:
One of the very obvious thingy for my fellow travelers is you are like a new toddler coming to a modern swimming pool w/o your parent. Here you find some under resuscitation, some sinking, some are barely floating, some could swim around a couple feet max, some a little bit more, some used to swim very far before, now couldn't last a couple feet or even start sinking, and you could never spot Michael Phelps and the likes, even though the probability that they exist is quite high. And the pool, this is a freaking complex & weird pool and doesn't look like the pool you have at home. Its shape, form, temperature and waves are changed continuously through time.

But the noise around the pool is quite confusing and maddening. Everyone has a secret, has a method, has a knowledge of how they have become a "good" swimmer and they have the experiences to prove. The more you listen, the more you are confused, the more hope, the more discourage, and let's not dwelling into following the pretenders or the ghosts of the past.

Now, Mr & Mrs Toddler, what is your problem? Why are you here? What do you need to know? What do you need to do? Do you have the passion, the curiosity, the fire to do the extra work to figure out the answer? You can lie to anyone but do not lie to yourself because that will be your dead sentence.

This is the damn answers you have to find for yourself. And stages to grow. Every stages you have passed through, certain advises & people are no longer helpful if they have become the ghosts of the past. Remember the pool changes, the people in the pool change and you have to change too.

I give you a clue though. Nyquist & Shannon theorem of sampling frequency does apply to knowledge. Once you apply the theorem correctly, you might faithfully & acceptably reproduce the signal & distinguish the noise from the true signal. Make sure that you understand w/o applying your knowledge w/ action, there is no way you can glimpse the answer to the puzzle starts forming and the feedback process. That is w/o saying that you have to protect yourself from sinking.

Good luck, my friends.
More...

Very refreshing seeing another member suggesting to other's - how to think:thumbsup:

=====================

Tell me what to do (iow what to think) - damn certain I won't make it very far

Teach me how to think - I'll crack this f'n nut and eat for a lifetime


Kudos SC

RN
 
Well, I can honestly say, after spending the last 3 hrs or more in front of a few screens, forget about everything I have said about 30 sec charts - load of bollox:rolleyes:

Jesus, I really had forgotten a good bit - it really does take hours of looking to see wtf is going on.

After today, the "obvious" thing is - if you don't act and react when daytrading, then forget about ever making money, especially at index futures.

FWIW, you really do need a few screens, no way it can be done the best way with one screen, just not enough info there to put the big picture together.

Of course, after the fact it is very obvious, which is why screen time is so valuable - you must be able to act and react at key levels - secret to making money!

I was wrong:rolleyes:

Back to the screens - might as well stay at it for the day now!

J_S
 
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