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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 Feb 19th, 2012, 05:54 PM   #1117
SimpleTrades
 
 
Join Date: Feb 2011
Posts: 1,384
Quote:
Quote from Don Bright:

I have no problem with algo trading, many of our people do it. They do, real time, real money, and are always modifying the algos to fit current changes in market conditions. Algos, especially those developed by successful traders are great... but, even the the most robust loses its' effectiveness over time, thus the need for constant modifications.
Are these guys generally discretionary traders who over time find a strategy they can automate?
    Quote
Old Feb 19th, 2012, 09:44 PM   #1118
Don Bright
 
 
Join Date: Oct 2001
Location: Las Vegas, NV
Posts: 11,757
Quote:
Quote from bhardy307:

Are these guys generally discretionary traders who over time find a strategy they can automate?
Various. Some take our basics and apply their own tweaking, and then automate. Some use "canned" systems, and a few have had their own ideas programmed by others. Some from within firm, some outside help too. As long as they work, right?

Don
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Old Feb 20th, 2012, 12:38 PM   #1119
SteveNYC
 
 
Join Date: Jul 2010
Posts: 895
Why does it matter if trading is gambling or not?
    Quote
Old Feb 20th, 2012, 01:06 PM   #1120
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
Please Vote.

Quote:
Quote from SteveNYC:

Why does it matter if trading is gambling or not?
    Quote
Old Feb 20th, 2012, 03:04 PM   #1121
SteveNYC
 
 
Join Date: Jul 2010
Posts: 895
Quote:
Quote from ElectricSavant:

Please Vote.
Could you give us the definition of gambling?

Without the definition, the poll isn't very meaningful.

I voted that it is gambling.

I don't think it matters. What say you?
    Quote
Old Feb 20th, 2012, 03:19 PM   #1122
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
Thank you for voting.

ES

Quote:
Quote from SteveNYC:

Could you give us the definition of gambling?

Without the definition, the poll isn't very meaningful.

I voted that it is gambling.

I don't think it matters. What say you?
    Quote
 
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