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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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HATEtheRisk
Registered: Aug 2011
Posts: 1587 |
02-18-12 04:41 PM
Quote from ElectricSavant:
Do you feel a "high" when "not gambling"
ES
No, but i feel HIGH if i gamble and do not follow my rules, and just trade out of what i belief what will happen.
If i am correct i am really feeling HIGH.
If i lose, i feel really dumb, just exactly what this doing was....
That you can be finally satisfied my dear ES, i say just for you, ok, i am a gambler, but dont tell it anybody.
The difference between me and the other idiots here, is that i am an Elite Gambler and i have rented the Luck.
You know Gustav Goose from Mickey Mousee, i am like him.
Me is just a lucky asshole.
Its all about luck.
------------------
Is it gambling, if you are always lucky ???
Please vote !!!
HTR
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SimpleTrades
Registered: Feb 2011
Posts: 1316 |
02-18-12 08:08 PM
Quote from Don Bright:
a 9 of 10 winning percentage, if you extrapolate out, is going to make you a very rich person HTR.
I applaud you, keep it up.
Don
That depends. I too can create a 9/10 win rate. Trouble is that the 1/10 is often a bigger loss then the 9/10 are winners.
This is my big struggle right now. Finding winning entry points is getting a lot easier. Ensuring that the P * W > (1 - P)*L is still a challenge because I have a bad habit of making W < L.
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Don Bright
Bright Trading, LLC
Registered: Oct 2001
Posts: 11702 |
02-18-12 08:24 PM
Quote from bhardy307:
That depends. I too can create a 9/10 win rate. Trouble is that the 1/10 is often a bigger loss then the 9/10 are winners.
This is my big struggle right now. Finding winning entry points is getting a lot easier. Ensuring that the P * W > (1 - P)*L is still a challenge because I have a bad habit of making W < L.
Then we're right back to basics. I have a modified Baccarat system that will allow me to win 19 of 20 times, but the 20th time can eliminate all the profits. A modified Martingale system, fun when you consider comps, but can be costly.
So, back to the basic idea that all trading can be gambling. But is is the real "gamble" as in slots and craps or is it theoretically profitable gaming, like blackjack?
Hey, ES - check my request for help in the Prop trading forum, let me know what you think.
Everyone, help me out.
Don
__________________
Don Bright (not an alias)
Bright Trading, LLC
http://www.stocktrading.com
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