Gambler vs Trader

Can i buy your trading secret for $500K paper money ?:eek:

I will then sell it to HFT for $1b paper money

 

Nothing could be further from the truth. You certainly don't need a million to be a successful trader. How much capital you need depends on what you are trading. How much you can trade determines in large part how much you can make on average per trade. You certainly don't need a million. With the right broker and knowing what you are doing you can trade futures nicely with 30-40K in your account.

 

Trading vs. gambling…. Has to be the dumbest comparison I know of


If you really knew – there would be no question – They are in no way alike

To add;

In the beginning trading is harder…, come full circle gambling is harder

I know I am on record as both saying they are…, and are not alike…

Then I sat down one day and made side by side comparison.., and thought trough it….


It is like comparing apples and oranges – both fruit…, but that’s about it

Like I’ve said before – I try not to suffer my own ignorance any longer than is absolutely necessary


I trade, and risk losing money with every trade… I do not gamble (one reason is because I simply do not like the odds)

Your mileage probably varies….

Argue on
RN

 

We have redneck here thinks gambler vs trader is no comparison. Bring it up people!

 

Thanks for the link...next time I won't bother wasting my time responding to that guy and will update my ignore list with his username.

Mark

 

that was well known and is saved in the es journal. that is old news

http://www.elitetrader.com/vb/showthread.php?s=&postid=3050787&highlight=emg+flash+crash#post3050787

 

Please don't confuse what I posted..., with your opening post

I'm speaking strictly from the risk, odds, ability to skew the outcome, rules, transparency, active vs passive participation, decision making, etc. perspective...


Not sure the point you are trying to make...

RN

 

I have updated mine with yours.

 

And I have updated mine with yours.

 

Need some Pro and Con about this comparison to help newbies and amatuer if they want to pursue trading.

However, most of the newbies and amatuers are not qualify to trade due to lack of capital. Because of lack of capital, they become a GAMBLER.