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View Poll Results: Is Trading Gambling or not
Gambling 438 34.87%
Not Gambling 818 65.13%
Voters: 1256. You may not vote on this poll

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Old Feb 12th, 2012, 08:12 PM   #1051
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
so is gambling or not gambling an illusion?...is it what we say?....is there an absolute or does the dictionary decide?

ES
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Old Feb 12th, 2012, 08:25 PM   #1052
kiwi_trader
 
 
Join Date: Aug 2002
Location: New Zealand
Posts: 3,718
173 pages ...

and it comes down to ...


if gambling is "taking a risk" then trading is gambling

if its for fun/thrill then they are probably both financially losing propositions

if its done with an edge, discipline, and management of thoughts, feelings and actions then its likely to be the professional version of either and can be long run profitable.


IMO
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Old Feb 12th, 2012, 09:03 PM   #1053
tickmagnet
 
 
Join Date: Dec 2008
Posts: 363
Trading is similar to live sports betting , so it is gambling. Sports spread trading , futures trading , options trading , stock trading they are all different types of gambling.
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Old Feb 12th, 2012, 09:26 PM   #1054
mgabriel01
 
 
Join Date: Oct 2007
Posts: 977
Quote:
Quote from ElectricSavant:

Is it Gambling

Or Not
The House doesn't gamble
Just look at all those big buildings in Las Vegas
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Old Feb 13th, 2012, 04:59 AM   #1055
fullautotrading
 
 
Join Date: Mar 2010
Location: a watery planet in the Milky Way, about 643 LYs from Betelgeuse
Posts: 849
Quote:
Quote from ElectricSavant:

so is gambling or not gambling an illusion?...is it what we say?....is there an absolute or does the dictionary decide?

ES
A subjectivist might say that is "gambling" in the measure you feel so, according to your current state of "knowledge" specific to the phenomenon and according to the ratio uncertainty/capital.

Lower state of such a "knowledge" and higher uncertainty will increase the variance of the outcome. Relatively smaller capital will make you less able to cope with higher uncertainty.

Discussing in these terms is pretty recreative as anybody can say whatever thought pass through his mind.

If you want to proceed in more scientific and rational terms, you should first create a (possibly simplified) model where you begin by defining your terms, your hypotheses and then you are more likely to make a service to a deeper understanding.

"game", "gambling", "strategy" (are we using a strategy?, how we define it?), capital, space of price trajectories, market, etc.

You must first have a basic definition of terms of the discussion. Here the general impression is that anyone is using a different version of various concepts.


T
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Old Feb 13th, 2012, 10:47 AM   #1056
Don Bright
 
 
Join Date: Oct 2001
Location: Las Vegas, NV
Posts: 11,757
My friend alerted me that this is the 7th year of this particular thread. Anyone figure this out yet, LOL.

Must be a record of some sort.

Good luck guys,


Don
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