Everything is gambling...

Statistical odds gambling? lol.

You seem to be changing the definitions as you go here.

I was breathing in air for many many years now... still alive, am I a master gambler too?

You should look up what gambling means before you thought of that cool handle and started a thread like this. Not doubting your trading ability, but if you have any edge, that's not gambling.

playing the odds, fine.

latez...

ps - Actually, you should dig in a bit and find out how Buffett really made his cash, clearly not gambling or trading much at first anyway.

 

With a 5% success rate statistically daytrading is a fools dream. I've been at this fulltime for 10 years and finally woke up to the stupidity of watching a computer screen all day giving away my savings. The silver lining is I now understand intricacies of market behaviour and picked up C# , VBA and excel knowledge while trying to automate my signals. I'm trying to get back into a profession before I get to diseased and old. Thinking of trying to get in as a junior analyst in a oil company. Any suggestions?

 

Good move. Good luck to you. Maybe it would be better to stay away of the financial industry.

 

Too complicated way of saying that he is the house.

 

It was kinda funny... There was one wall street firm stepping in big buying up all the futures on the correction after the flash crash only midway down...

They seemed to think they were the house and could absorb all the selling pressure and turn the trend... But damn they ate it! LoL!!!

Only the fed has enough money to ever be the "house" in the markets.

 

Riiiiight

 

Gambling VS betting -gambling means losing on average.

However, good money management can make a person rich in a casino. So what do you call a profitable casino gambler?

 

Hello,

slot machine is gambling. Trading is more like passion and it is about the knowledges. Betting on unchanged interest rate of ECB is a risk ? Who knows. For trading you need a serious Broker. Which one is serious :/ ????
.........................................................................

 

If you believe in Determinism, nothing is gambling.

 

I guess it depends on where the Wal-Mart is at.

The Wal-Mart in my college town when I was in college had employed a lot of students. In fact, one of my best friends worked at Wal-mart for three years prior to going to medical school.

I don't ever remember seeing him "beat down" or "low confidence". In fact, he got payed better than other students working on campus in those low wage campus jobs.