Gambler vs Trader

You started the thread - take the first stab at it

I'll be back at the end of the day and see what you've shared

RN

 

Thank you tiki for posting that link. That is a perfect perfect perfect example on why $100K per contract day trading in the es is a must.

 

1. I have yet to meet a degenerate gambler with a large home and a beauty car and wife.

2. I have meet several professional traders with large homes, beautiful wives and nice cars.

Argument Over !

 

A professional trader is merely a degenerate gambler with a large statistical edge.

emg is neither and never will be. same goes for wrbtrader.

 

...strictly speaking, trading is gambling.

To further the argument, you'd have to compare trading to a particular game in a casino, they are not all the same.

 

Maybe

 

It is easy to spot a degenerate gambler because they talk big, but they have nothing to show.

 

Hehe, I googled "degenerate gambler" and the first hit is:

http://en.wikipedia.org/wiki/Mike_Matusow

"Matusow resides in a 3,700-square-foot (340 m2) home in Henderson (with a cathedral ceiling) and bought a $90,000 BMW 645 CI cabriolet from a $750,000 winning session at online poker. He often wears a gold chain with the Hebrew symbol 'chai' around his neck."

What did I win?

 

EMG

Where’s the pro’s and con’s

Surely you are not waiting on a dumbass redneck to post my ramblings – are you???

RN

 

Matasow is a Celebrity, not a degenerate gambler.

He is paid to attend various tournaments and tv shows because he has developed a poker personality and persona.

There is also a huge difference between a POKER PRO and a Gambler. The two are completely separate because Poker Professionals online or live celebrities do make a substantial living and therefor are NOT Gamblers.

For the purpose of this thread the definition of Gambler = A person who spews their money into -EV casino games like Blackjack, Craps slots etc... that have NO positive expectation possible.