The failure rate for a restaurant owner is 90% in 4 years the same 4 any business... in this business (trading) at least we have a better rate.. still dangerous, but society love those Myth (that's why socialists still alive today) trading is like any other business.. you have to work hard, dicipline and long hours, but at least you dont have to mess with employers, inventories marketing etc etc etc.. i started to make big money once I discover what HEDGE really means.. took me 9 years and a lot pain, but Im very happy today.
And professional gambling is not an occupation? This board is hilarious. Folks, trading is gambling. The level of denial you folks show over this absolutely irrefutable fact is alarming.
Because it isn't productive. It's a way to take money from somebody else's pocket and put it in yours, but accomplish nothing in the process, much like shuffling cards around on a table in a poker game. People have more respect for people who earn their money by producing something in an exchange that is not zero sum. I think that's the root of it, and it's not particularly irrational.
You can draw a parallel between gambling and virtually any form of business activity where you have invested money and the outcome is uncertain. Retail, wholesale, manufacturing, service...take your pick. You can then choose to call it business risk or gambling. How well prepared you are for your chosen undertaking may help you decide where you fall on the business risk/gambling continuum.
Agree. However, I don't think you can reasonably call trading a "business" because there is no product or service being rendered.
Your right. Trading is most certainly gambling. Your wrong. If I trade managed accounts the service my trading renders is a superior return to an index fund. Hopefully anyway.
I do not agree. However, that is a matter of opinion, and beyond the scope of my initial observation to your post.