Don Bright
Bright Trading, LLC
Registered: Oct 2001
Posts: 11698 |
02-15-12 05:59 PM
Quote from ElectricSavant:
Good luck?...hmmmm.....
So you voted...?
ES
I think I voted years ago. I am in a position that I have to vote with so many caveats, that my vote may not matter. But I think the trading that I do, and my family does, is not gambling.
For those who don't know, we made our first big sum of money playing blackjack.
Ref, just for fun: http://www.blackjackforumonline.com...t/Brightint.htm
OK, playing blackjack can be pure gambling, or it can be a science with predictable results. We played for a few years, than after being barred on most "continents" LOL - we play very little these days. I do what a I call social blackjack, still with an edge, but just for $25 chips, not big money. Going to Laughlin in 2 weeks, meet with friends, have some fun, nice dinners, hopefully coming back with more money than when we got there.
To some, trading is pure gambling as well. To others, it is "risk-reward" - which can mean "gambling" or not. I'm not suggesting that by doing trading the way we do it (my brother, the family, and I....actually is different for each of us), you will always make money. But we feel pretty confident in how we work, that we share with others. And, here's the rub....we show the exact same set of basics to, say 10 people, maybe only 5 or 6 actually "get it" and are disciplined enough (as when we show others how to play blackjack properly), and even then, some deviate, some take higher risks, some simply don't do the homework involved.
So, a long answer to a short question. My "bet" would be that there is no answer that fits everyone.
I hope some of this makes sense.
You can thank Mr. Savant for inviting me back into this discussion, LOL.
All the best,
Don
__________________
Don Bright (not an alias)
Bright Trading, LLC
http://www.stocktrading.com
|
