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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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ElectricSavant
Registered: Jan 2003
Posts: 14844 |
04-10-05 06:19 PM
In my example,
I say wait two years and the profit accumulated will far exceed the unrealized P/L in this perfect hedge...
Michael B.
What say you? Quah? Illiquid? Samson? FuturesTrader, Mogul and others.. Go ahead, I can take it, we are all experienced here...
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Kwander
Registered: Apr 2005
Posts: 20 |
04-10-05 06:22 PM
I think going to the casino and dropping a few grand on black at the roulette table just because you "feel it" is gambling, but trading after doing some research and work and have some idea of how it might go? That's not gambling, at least not blindly.
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ElectricSavant
Registered: Jan 2003
Posts: 14844 |
04-10-05 06:24 PM
Well true with Roulette,
But I can prove that playing proper BlackJack with bet sizing according the plus/minus count is not gambling.
The eye in the sky, the start of the deck and table limits, complicate this.
Lol, If Samson and I played a friendly game of BlackJack we would need to follow all those Vegas twists that make it harder  ...and then it might be up to luck then, between Samson and I.....lol
Quote from Kwander:
I think going to the casino and dropping a few grand on black at the roulette table just because you "feel it" is gambling, but trading after doing some research and work? No, far from it.
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ElectricSavant
Registered: Jan 2003
Posts: 14844 |
04-10-05 06:37 PM
Silence.....
Hmmmm....
When ET is silent, the boys are busy.....
or
Electric might just have something....nah...he is an idiot...
But its fun to visualze isn't it Folks....
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MrsSavant
Registered: Mar 2004
Posts: 620 |
04-10-05 06:43 PM
I just wanted to confirm, Electric not only visualizes this, he trades it...(some say he is transitioning from a humble wannbee to a profitable blowhard)
But with the EUR/USD and the USD/CHF.
It seems to work, and if he goes flat he would soon show a net profit. But why go flat? Just go with the waves and collect volatility.
I can see this is true, as to what my crazy husband is saying. I think it comes down to a longer term mindset and how you want to trade and what you can tolerate.
I am not a trader, I trade Options through an advisory at OptionXpress through AutoXecute. But if I can see this, surly the great minds of ET can see it?
Please do not misunderstand Electric. He feels that profitable traders want to "hang" with other profitable traders. He wants to talk the "talk" and be a big shot trader. After all the years of contributing to ET, let him have his fun....You folks can help him deal with this. It is just as hard to be a winning trader through the hard work of trading, than to be the loser wannabee blaming it on gambling to make ones self feel better.
Wifey.
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