Automated Trading Is Gambling

Discussion in 'Automated Trading' started by fordewind, Nov 4, 2017.

  1. Then it's not gambling if you're also profitable over the long-run.
     
    #31     Nov 6, 2017
  2. wow, did you figure that out all by yourself, or did you google it?
     
    #32     Nov 6, 2017
  3. It's my rational interpretation.
     
    #33     Nov 6, 2017
  4. Simples

    Simples

    What is your definition of gambling?
     
    #34     Nov 6, 2017
  5. 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.
     
    #35     Nov 6, 2017
    murray t turtle likes this.
  6. Simples

    Simples

    So gambling, according to you, is losing over the long run?
     
    #36     Nov 6, 2017
    themickey likes this.
  7. ....so when losing therefore a loser gambler and when winning a genius.
     
    #37     Nov 6, 2017
    Simples likes this.
  8. You're sounding a bit insecure about your earlier post and comparison with horse racing. Yes, I had a good chuckle at that.
     
    #38     Nov 7, 2017
    murray t turtle likes this.
  9. qxr1011

    qxr1011

    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
     
    Last edited: Nov 10, 2017
    #39     Nov 10, 2017
    themickey likes this.
  10. qxr1011

    qxr1011

    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
     
    #40     Nov 10, 2017