People fail at all kinds of things in life. The 'free markets', nobody said it was going to be easy, think of the competition. Besides, it's a harsh environment to the beginner, the beginner is used to f*cking up at work for it to be swept under the carpet, not so in trading, they lose money, it's not good for the head. Most leave licking their wounds, never to return.
Take a deep breath young man. Please check in the dictionary for the definition of "gamble". Some gambles are more risky than others. Is getting on an airplane a bigger gamble than blackjack? I'd say no. Is eating a bigger gamble than betting on the Lions to win the superbowl next year? I'd say no. Yet, you can crash on an airplane. You can choke when you eat. And the Lions (gulp) could win the superbowl next year. Pretty simple to understand, huh?
What he is doing here is showing, (as has been pointed out) that if you know how to gamble you can make money in the market. Jachyra, you're a gambler; not a fortune teller. If your outcome in your trading is certain, why don't we see your name on the Forbes 400 list? I mean you have an ATM machine, right? The reason is because you lose too many times, just like most all participants. I'm not saying you are not profitable. That's not the issue. I'm saying you are gambling good sometimes and not good other times.
Isn't Buffett still there? Forbes 400 is full of people that take risks using favourable odds. One thing for certain, ain't no gamblers in that list... Still checking P.S. Unlike investing, trading short term, especially when using your own capital, is more of a well paid job.
Er, uh, hmmm.....Wouldn't that constitute ga....No, no that.....that couldn't be gambl.....gambling?.....Or, could it??? Lions, and tigers, and bears, oh my! I'm so confused. ;>)
This pretty much sums it up. Except I would take it one step further. With the exception of dropping an object from his hand and being certain that gravity will make it fall to the ground, it doesn't seem as though there is anything at all in this world that he wouldn't consider gambling since the outcome of everything is uncertain.
+1 And don't forget how its impossible to have a constructive conversation with someone who insists on misrepresenting what other people say and consistently puts words in other people's mouths.