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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 Apr 10th, 2005, 12:59 PM   #13
mogul
 
 
Join Date: Apr 2004
Posts: 363
do we really need another thread about trading vs gambling?
    Quote
Old Apr 10th, 2005, 01:03 PM   #14
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
Back to my example....Let discuss it and visualize it, and make this a different thread that could contribute something. I think I can demonstrate that the example could prove that trading is not gambling...maybe not...



Brought Forward:

Lets examine this example. Please be patient with my simple minded ways and plain talk...

You trade an instrument and go long and short at the same time in it. You set up your trades with targets in equal increments.

So lets say were long on EUR/USD and our profit targets are 20 pips. As the long side goes up we are entering and exiting each 20 pips. The short side is accumulating entries temporarily. When it reverses then the opposite will happen. You would need to learn to carry high unrealized P/L. but your profit comes from the boxed in volatility grabbing....

Take a trade size based on a 10 year range of the instrument.
    Quote
Old Apr 10th, 2005, 01:04 PM   #15
Businessman
 
 
Join Date: Oct 2004
Posts: 1,119
All businesses have an uncertainty/gambling element, trading
is no different.

If you open a shop and it doesnt turn out to be viable are you
gambler?

The reason that people equate trading with gambling is that its
easy to slip into reckless gambling mode at any moment if you
havent learnt to do it properly.
    Quote
Old Apr 10th, 2005, 01:05 PM   #16
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
Bring back Coinzy....ET needs this caliber, I regret


Quote:
Quote from illiquid:

!?!?

You been drinking from the same bowl as Coinz? j/k
    Quote
Old Apr 10th, 2005, 01:07 PM   #17
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
If you look at my old posts, I preached gambling!



Quote:
Quote from illiquid:

I'd say any trader who readily accepts unknown outcomes, whether he calls it gambling or not, is far better off than the trader who is so stubbornly sure of his views or methods that he feels insulted by being called a "gambler". Beyond that, it's a matter of semantics.
    Quote
Old Apr 10th, 2005, 01:13 PM   #18
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
Sure Thing....

everything in Life would be gambling. Please do not try to define the "pure essence" here.

I say trading is not gambling... What say you?

Michael B.


Trading can be gambling if you wish it to be, and trade accordingly
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