Being profitable or not has nothing to do with it! I can't believe how so many so called "elite" traders are blind to the facts! If you push a stone up a hill, and then let go, what do you think will happen! Why would a trader not want to admit to himself/herself that trading is gambling? 1. Insecure 2. Not able to face facts 3. Not able to make a logical deduction 4. Not able to confront reality 5. Not able to understand and reach the higher levels of professional gambling, and all that goes with it!
The house will always win because the house plays the odds with no breaks in between. All trades start off losing due to bid/ask spread and comms. When a trade is making money, the trader then starts to contemplate on how much more can be got. The trade turned out to be a winner, but the trader has now gone and reduced his odds dramatically by "ponderingâ on what might happen next! Some traders are smart and take money quickly when the price stops moving - others wait to see if it will reach that magic number, level, or create that perfect pattern like a beautiful butterfly flying thru the air, or the 49 steps! Now, all are gambling, but who is the smart gambler??????
Academic heads would not know one end of a chart from another! Here is one bit of advice for you when you are listening to your prodigies - they all lack the one thing in life that every person needs in order to make it big - actually, I will make this a valuable lesson and let you guess what it is?
What a silly statement! Eliminate risk of a loss - is that not also known as "fools gold" You should have said; if the trader knows how to gamble correctly he will win more than he loses, and that makes him a smart trader, aka, a professional gambler. Don't listen to these big hedge fund traders that work in big offices and piss other peoples money against the wall - they are they real morons, and have really showed this last 1.5 years how big a bunch of dumb ass idiots they really are!
Well if Don Bright is a moron (as you suggested), then I will quite happily join his ranks. 1. Trading is not officially accepted to be gambling; 2. Majority voted in favour of 'not gambling' 3. Trading is not mentioned anywhere as a gambling activity; 4. Don Bright said it ain't ; 5. Analogy does not mean 'the same as'; 6. Unless you count cards (casinos will love you if you do) you will eventually lose all your capital when gambling, not so in trading; Now, your turn sport.
mostly it like the gambling, cause it is risky, in some way, it is not like risky, it is the equal business over the world!
Ok, at first I thought you were just rude, misinformed, and didn't know what you were talking about until I realized that you were also the original poster that started this thread. Now I think I agree with the handful of previous posters who figured out that you are in here just trying to stir up trouble or play a prank. I would echo their sentiment... if you're so secure in your position AND are so completely set in your convictions AND are completely unwilling to even consider the opinions and arguments of others WHY did you even start this thread and open up a poll in the first place? Also, if you are so experienced as a trader AND know so much about it AND have been doing it for so long then why did you only register on this site in December of 2008? Have you traded all these years but only just recently heard of elitetrader? I think not. Either this isn't the first screen name you've registered OR you're not all you claim to be. You need not answer since no matter what you're NOT going to give an honest answer, but rather, the answer that is the most inflamatory and stirs up the most trouble. But from now on you and all of your other fake aliases that you've posted under in this thread, to make it look like others actually agree with your ridiculous assertions, are going on my ignore list. I'm sure others will do the same.