Here might be a way to think about it. Its an addiction until you have found the way to make yourself rich from the market. A sound methodology stripping out a major part or most of the profit in each days swings (ES,YM, CL), open to close, means you can, with wealth, move on and be able to have your own assistants to train and operate in markets for your own enterprise for your greater gain. I will go to the tiniest detail if I need to but I never lose sight of the big picture.
FWIW On a kind of superficial conscious level I see what youâre saying about gambling being "like"trading ⦠but on a sub-conscious, fundamental level â I am the most gambling adverse person I know Iâve been to Vegas â and never gambled, not even one pennyâ¦., I donât buy lottery tickets, I wonât even place bets with my friends - ever With regard to trading â I deal with probabilities and risk management - period So in my head I canât equate trading to gambling... Take Care
me neither i went to atlantic city with a couple of my friends in college and sat at a slot rolled pennies all night long and really wasnt a fan.
You are an unbelievably mindless poseur. Catching the major part of each day's swings? Dream on. And if you believe that such (unsustainable) performance is required to do well in the markets, then you are clueless and DO NOT TRADE.
Many "investors" are in it for thrills and deny it is gambling. If you do not have an edge (and 90% of stock investors do not) you are a gambler- not an investor/trader. Most stock investors are compulsive gamblers, but would deny it if you asked them.
I used to think that trading was not gambling, and would argue with anyone who said otherwise! Then, after losing some money, no matter how hard I tried otherwise, my mind was easily changed for me. Probable means maybe, maybe means might happen, might happen means not certain, not certain means no guarantee, and no guarantee means a gamble! You can either accept it, and improve on your trading, as gambling requires a very different approach to wishful thinking, or you can continue to argue and see where it gets you. If you are happy with where it gets you, then fine, as all will have their own desires to fulfil.
Well then by you definition, and since nothing in life is a guarantee â including life itself â (that is except death and taxes of course).... Then everyone that is walking, or who has ever walked, on the face of the earth is a habitual gamblerâ¦. Thatâs it âEVERYONEâ sign up for gamblers anonymous immediatelyâ¦.. Hmmmm.... I wonder if thereâs a Gamblers anonymous Stock or ETF Lord help us all
Of course life is a gamble, and those who do better than others, in all walks of life, do so for a reason! That reason can vary, depending on the chosen path, and all those who succeed, have what are called common traits, some that they learn to use, and some they learn to lose. One common trait that they learn to lose is stubbornness, for they quickly see that it can lead to many bad decisions on the path to success!