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View Poll Results: Is Trading Gambling or not
Gambling 438 34.90%
Not Gambling 817 65.10%
Voters: 1255. You may not vote on this poll

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Old Apr 10th, 2005, 12:25 PM   #1
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
Is it Gambling

Or Not
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Old Apr 10th, 2005, 12:27 PM   #2
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
I used to think it was gambling, but recenty tried some new methods that made me change my mind.

Michael B.
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Old Apr 10th, 2005, 12:29 PM   #3
Quah
 
 
Join Date: Aug 2002
Posts: 1,073
The outcome is uncertain, therefore it is gambling. No doubt about it.
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Old Apr 10th, 2005, 12:31 PM   #4
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
But what if you didn't care about the direction? and just "volatility grabbing"? Good to see you on the boards today Quah...Thanks..


Quote:
Quote from Quah:

The outcome is uncertain, therefore it is gambling. No doubt about it.
    Quote
Old Apr 10th, 2005, 12:34 PM   #5
Quah
 
 
Join Date: Aug 2002
Posts: 1,073
When I say "the outcome is uncertain" - I mean that "making a profit is uncertain".

How that applies to direction, I'm not sure. If you are referring to a system that has no chance of NOT making a profit, then I guess it wouldn't be gambling. But, IMO, if there is any chance of not making a profit, then it is gambling.
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Old Apr 10th, 2005, 12:41 PM   #6
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
Lets examine this example. Please be patient with my simple minded ways and plain talk...

You trade an instrument and go long and short at the same time in it. You set up your trades with targets in equal increments.

So lets say were long on EUR/USD and our profit targets are 20 pips. As the long side goes up we are entering and exiting each 20 pips. The short side is accumulating entries temporarily. When it reverses then the opposite will happen. You would need to learn to carry high unrealized P/L. but your profit comes from the boxed in volatility grabbing....

Take a trade size based on a 10 year range of the instrument.





Quote:
Quote from Quah:

When I say "the outcome is uncertain" - I mean that "making a profit is uncertain".

How that applies to direction, I'm not sure. If you are referring to a system that has no chance of NOT making a profit, then I guess it wouldn't be gambling. But, IMO, if there is any chance of not making a profit, then it is gambling.
    Quote
 
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