Suicide is a choice. So is over-betting % of your bankroll. If you have no edge, any bet is an over-bet and can be classified as variance-gambling. i.e. You can only win in the short term by being lucky. If you have an edge, you can still go a long time without winning...
Well Scat... This deserves a reply. (not a debate or a side or an argument) Denial can lay down the illusion of control for some, but when you get right down to the reality of the matter, it seems that the market has no idea what your condition is. ES
Same old question, and i'll give the same old answer. Is the owner of a casino or bookmaker gambling? Obviously most would say they are not, provided they don't take too large bets from clients that they cannot afford to lose. They have a fixed advantage over time because the game is rigged in their favour. So why would trading be any different, provided you are successfully making money over the long run? Trading, poker, business and life itself is full of risks. Now if you are smart you can take calculated risks where the outcome is worth the downside. If you are a fool or gambler you will no doubt take stupid risks that do not pay off and you will be a net loser over the course of your life. You cannot group together all traders under the same umbrella. Just like you cannot group all businessmen under one umbrella and say they are all gamblers, just because you know a couple of fools who have lost their life savings starting up a restaurant etc when they nothing about commerical cooking, did no prior research and have never run any businesses of their own before.
To win arguments, Scataphagos relies heavily on his own unique and personal definitions. Precisely, but I didn't want to have to be the one to tell you. Nothing like a bit of introspection, eh?
I think this thread is helpful to those traders that fool themselves into thinking that they have control over the markets. This is the longest running poll/thread on this "Gambling or Not" subject on the internet. Any questions? ES
"Longest running" only because of your obsession. LOL! For a logical thinker, there is no basis for debate.... "TRADING IS NOT [supposed to be] GAMBLING" Nobody has "control of the markets". The art is to "be like the river"... "go with the flow". Ever do any river fishing*? If so you know to "cast your line where the fish are likely to be". Same with trading. *One of life's great pleasures... up there with "having sex with the prettiest girl you ever saw".
Scat, For you it is black and white. Congratulations...I think... I find that for others, some are in denial. Can losers be in denial? Does logic dictate who wins?..is it really that easy? Did you vote? ElectricObsessiveSavant
Yes, it's "really that simple". The art of trading is "separating the wheat from the chaff". Logic and discipline determines who wins in the long run.
I think if you have a proven method that will be profitable over the long run then although it technically is 'gambling' is worthwhile. I think there is a negative conotation that 'gambling' is a bad thing because you will end up losing money in the long run. I count cards and often when I mention to anyone that I play blackjack, the first thing they say is 'oh you like to gamble.' Well, yes, I am gambling because I do not not for certain the outcome on any given hand however in the long run I know I will win (or as I say, 'earn') money. I like the term 'gambling with the best of it' or as my friend who showed me how to count cards would say 'just get the money in with the best of it.' I have read that something like 95% of day traders are losers in the long run. I think if they had a proven method to win and could make it to the long run things would be different. That goes for card counting as well. You need a large bankroll, discipline, concentration, and not getting caught and barred from the casino before you make it to the long run. Peace