now Handle123 is going to lecture me that is what stop losses are for...HeHe. He is a trader that has well defined if trading is "Gambling" or "not gambling"
Thank you, Samson, never played any gambling seriously I always argued that trading is an art, science, skills much more soffisticated then gambling and with absolutely different outcomes and risks. It is very precious to find your statement.
I would add, trading was as gambling for me, when I was a newvice and with no education.. 9 years old, first-time cruise ship front of casino machine.. some years later, Monte-Carlo shine and again machines.. the feeling was absolutely the same, praying for luck.. Trading is not luck and risk-taking in trading is well measured. It helps me a big deal going in Casino of Venice/Italy/ and watching people trying to sell their Rolex for any bargain cash.. those scenes helped us to never leverage, this was a s. Unless when we were absolutely novice.
It can be both If you have developed a method that returns a relatively consistent profit then it's probably not otherwise it usually is gamboling.
Depends on how you define gambling. *When it comes to definitions I prefer not to roll my own so my bias is: I suggest many of the posters in this thread look up the definition of gambling and then continue their posting.
gambling [gam-bling] See more synonyms on Thesaurus.com noun the activity or practice of playing at a game of chance for money or other stakes. the act or practice of risking the loss of something important by taking a chance or acting recklessly:If you don't back up your data, that's gambling.
Trading is not gambling. However, most 'traders' don't realize that they're gambling and not trading. Here is an example of actual trading: I own 1 million shares of a thinly traded stock which I would like to sell. How do I get out of my position at a fair price without the market selling-off on my selling? The construction of the solution = real trading. Gambling, on the other hand, is the betting of money on uncertainty with the intention to win something. The two are worlds apart.