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Is Trading Gambling or not
You do not have permission to vote on this poll. |
| Gambling |
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438 |
34.98% |
| Not Gambling |
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814 |
65.02% |
| Total: |
1252 votes |
100% |
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LoveMySystems
Registered: Aug 2008
Posts: 88 |
12-31-08 03:26 PM
Quote from Quah:
The outcome is uncertain, therefore it is gambling. No doubt about it.
The difference between chaos and probability is quantifiable and renders such a statement illogical. True, a set of conditions leading to any given probability may change, but while in place, such probabilities are there to exploit. How else do you explain 100% per month returns, trading only once per day? If my signal provider (smptradingsignals) relies on gambling for signals, wouldn't the success rate be 33%, since a price can only go up, down or sideways? I sure wouldn't be paying a premium for a 2/3 chance of throwing money out the car window!
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LoveMySystems
Registered: Aug 2008
Posts: 88 |
12-31-08 03:30 PM
Quote from dpolyakov:
When you trade and win you have in general more payout, because your positions are scalable, while when you bet in casino, you cannot add to the position - every time you start a new game/round.
dima
Some card games are indeed scaleable. Poker is. Blackjack is. One can call and raise. One can double-down. After the trade is exited, you start over a new "round."
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rolextrader
Registered: Jun 2008
Posts: 734 |
12-31-08 03:44 PM
I vote for gambling, albeit reluctantly.
It's all about expectancies and after commissions, datafeeds, computer costs and slippage, the expectancy is negative for the trader as it is for the casino gambler. That doesn't mean there won't be winners in the trading game, but we know what those percentages are (<5%).
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MGJ
Registered: Jun 2006
Posts: 726 |
12-31-08 04:03 PM
If you bet on a horse, that's gambling. If you bet you can make three spades, that's entertainment. If you bet cotton will go up three points, that's business. See the difference? -- Blackie Sherrod (ref)
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BestGuruEver
Registered: Dec 2008
Posts: 18 |
01-01-09 04:52 PM
Lottery tickets is gambling. $1 can get you millions.
Poker: $50 can get you thousands
Trading: $5000 can get you $10,000+
Working: raise can get you 4% return.
my point is that poker is relatively more gambling than trading. even highly leveraged contracts generally won't pay out like it if you hit it big with poker, or the lottery.
the feeling of gambling is another issue. Of course i've sold/bought stock long-term or speculative, and then it immediately went the wrong way, after my 40 hours of analysis.
sure, that can feel like gambling. But, then we might as well say everything is gambling. there is always a small percentage that things work out differently. i guess except in math. 1+1 is 2.
time to drink some water. 0.000000000001 percent chance it kills me. i'm "gambling". lol
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