Eeeeaaasssy there, Cochise. Some smart people may take some exception, given the odds between investing and trading. IMHO.
Not that it will change any minds, but here are some wise quotes from 'how to figure the odds,' by Oswald Jacoby. 1940 "It has been said that nothing is certain except death and taxes. Actually, this statement is almost completely fallacious. Past experience of the human race tells us that we are going to die, but we cannot tell the date or the manner of our death. Past experience tells us that there will be taxes in the future, but their nature and size are only a matter of unpleasant conjecture. The only thing we can be really certain of is that from birth to death we are completely bound by the ever present and wholly inconclusive laws of probability that govern every action and event." ------------------------------ What is Gambling? Gambling is the wagering of money upon the result of any event or game of skill or chance. Last paragraph of book: A large part of the skill in gambling games consists in choosing or bringing about situations in which you have a positive expectation -- and avoiding situations in which you have a negative expectation. The same is true in business. The skillful businessman invests in situations in which his expectations are positive; he avoids the negative expectations. Remember, however, that the best-laid schemes gang aft agley. No matter how big your positive expectations, you may still lose money on any single occasion.
If you know the odds, and the odds are in your favor, it's not gambling. That means trading is probably gambling for 99.9% of all traders!