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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, 02:23 PM   #31
illiquid
 
 
Join Date: May 2002
Location: NYC
Posts: 3,617
I just meant what would happen to the short side of the account? How do you get out of the losing end of the trade, after incrementally adding size as the position goes against you? We haven't seen 200 yen to the dollar since 1985; would you be counting on greater profits on the long side to offset the losing shorts?
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Old Apr 10th, 2005, 02:26 PM   #32
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
Oh,

Sorry didn't mean to be defensive...

I would be counting on the chop and a trade size to withstand the inevitable unrealized....The resulting profit from the trend, then the recoil, then the continuation nets realized profit along the way. It will chop more sometimes than other times, in its journey. But as "they" say most instruments range more than they trend...

Nothing trades in a straight line.

The Folks over at Oanda can accuse me of having a big mouth. So I wil not go into anymore detail. But visualize with me illiquid...

Trading is not necessarily gambling, in the non "pure" sense (Water is wet, but ice can be dry, what do you "feel"?)

Michael B.


Quote:
Quote from illiquid:

I just meant what would happen to the short side of the account? How do you get out of the losing end of the trade, after incrementally adding size as the position goes against you? We haven't seen 200 yen to the dollar since 1985; would you be counting on greater profits on the long side to offset the losing shorts?
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Old Apr 10th, 2005, 02:38 PM   #33
illiquid
 
 
Join Date: May 2002
Location: NYC
Posts: 3,617
That drop from 230 to around 160 yen was pretty much a straight line down, during which I'm sure there were a few giant gaps along the way (post-Plaza Accord). Scary stuff for that kind of trading! Isn't selling straddles a comparable risk/reward profile?
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Old Apr 10th, 2005, 02:41 PM   #34
M Vega
 
 
Join Date: Jan 2005
Location: Somewhere in Europe
Posts: 104
It is definitely gambling for some people...
But the winners in the end are not gambling, just using their skills to take away my money
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Old Apr 10th, 2005, 02:44 PM   #35
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
Well

For me that would define my zone and help me to understand the trade size. But I am trading longer term.

I could lay this out point by point, but many would never trade this. Tolerance is key. Not really scary as the straight line will end...As long as you trade with a small portion of your capital, your fine. Most traders do not wait. Now I am not suggestion that cutting your losses short is wrong, that is a different type of trading thats all. This type of trading that I am suggesting is not gambling and not really the mode of trading here on ET...

Again, what say you?

Is trading gambling, please vote if you have not.

Michael B.



Quote:
Quote from illiquid:

That drop from 230 to around 160 yen was pretty much a straight line down, during which I'm sure there were a few giant gaps along the way (post-Plaza Accord). Scary stuff for that kind of trading! Isn't selling straddles a comparable risk/reward profile?
    Quote
Old Apr 10th, 2005, 02:56 PM   #36
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
atta boy...You have chosen your course.

But....

We could be wrong...What say you ET?

Is trading gambling or not?



Quote:
Quote from Manieu:

It is definitely gambling for some people...
But the winners in the end are not gambling, just using their skills to take away my money
    Quote
 
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