Discussion in 'Automated Trading' started by fordewind, Nov 4, 2017.
Then it's not gambling if you're also profitable over the long-run.
wow, did you figure that out all by yourself, or did you google it?
It's my rational interpretation.
What is your definition of gambling?
Not the same as Google's, it's too general and doesn't take into consideration objectivity/subjectivity, expected outcome, odds, probability, certainty/uncertainty, long run, short run.
I think my previous posts indicate how I've defined it.
So gambling, according to you, is losing over the long run?
....so when losing therefore a loser gambler and when winning a genius.
You're sounding a bit insecure about your earlier post and comparison with horse racing. Yes, I had a good chuckle at that.
well you made emphasis on hope in definition on gambling , and I just explained that everybody is hoping regardless what is the basis for that hope.
imho when people talking about gambling as an opposite to non-gambling what they usually imply ( sometimes without realizing it ) is that gambling has quite high probabilities for person to loose....
most people operate in the in environment where odds are overwhelmingly in their favor (still gambling) , so they even do not think about it in terms of probabilities
that is why for the average Joe only casino or trading is gambling
nothing is wrong with the philosophy, since it is the foundation for proper assessment of the life itself
in our case - the life of a trader
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