Do You Think Trading is Gambling?

Discussion in 'Psychology' started by nysestocks, Jan 17, 2009.

Do You Think Trading is Gambling?

  1. Yes

    139 vote(s)
    44.6%
  2. No

    173 vote(s)
    55.4%
  1. ElCubano

    ElCubano

    not so... Professional gamblers have a bankroll and would not place it on 1 outcome eva..... unless of course they had inside info.
    :D
     
    #541     Apr 15, 2009
  2. nysestocks

    nysestocks Guest

    Whenever you put your money at risk - you are taking a gamble - a.k.a GAMBLING
     
    #542     Apr 15, 2009
  3. ElCubano

    ElCubano


    I agree...
     
    #543     Apr 15, 2009
  4. nysestocks

    nysestocks Guest

    Of course EC, how can it be any other way, it is just not possible!
     
    #544     Apr 15, 2009
  5. Anytime you risk ASSETS or MONEY you gamble, not that you can't have an edge with your gambling.

    You can gamble with your money, rolex watch, cars, house, loans and even your future.

    Therefore you could view life as one big gamble! Really! You just pick the gambles you take :cool:

    Some people like to do crazy things...
    some like to get into risky businesses during "bubbles."

    If you think about there's so much we gamble on every day, in small ways.
     
    #545     Apr 16, 2009
  6. nysestocks

    nysestocks Guest

    Of course JT, but when gambling, it can pay one to know when to gamble small, and when to gamble big!

    100 pennies will make a pound, but it only takes 10 x 100 pounds to make a thousand pounds!

    How many times have you seen a penny on the street, compared to seeing a 100 pound note:D
     
    #546     Apr 16, 2009
  7. Ghostdog

    Ghostdog

    Websters dictionary's description of the word, Gamble is;

    To bet on an uncertain outcome, as of a contest.
    To play a game of chance for stakes.
    To take a risk in the hope of gaining an advantage or a benefit.

    Based on that I would say that "most" people that are in the markets "gamble" though there are those who I dont believe gamble and those are successful traders.
     
    #547     Apr 16, 2009