Is trading Gambling or not .."What say You" Vote here.

Discussion in 'Psychology' started by ElectricSavant, Apr 10, 2005.

Is Trading Gambling or not

This poll will close on Jan 12, 2060 at 11:25 AM.
  1. Gambling

    460 vote(s)
    35.0%
  2. Not Gambling

    854 vote(s)
    65.0%
  1. tomorton

    tomorton

    I think the results are pretty decisive.
     
    #1281     Sep 2, 2019
  2. Pekelo

    Pekelo

    Really... It is like asking on an Irish forum: Are Irishmen smart?

    What do you think, the result would be?
     
    #1282     Sep 2, 2019
    ironchef and themickey like this.
  3. KCalhoun

    KCalhoun

    like poker, it always has an element of randomness to it as well as skill -- it's your ability to recognize & trade high-probability setups & use correct stops/position sizing that makes it more skill than gambling; trading is capitalizing on slight edges
     
    #1283     Sep 2, 2019
  4. Can one be skillfull at Gambling?

     
    #1284     Sep 2, 2019
  5. KCalhoun

    KCalhoun

    sure re skillful; I played thousands of hands of blackjack using andy bloch's brilliant basic strategy (mit bj team) in vegas for years before moving to hold 'em; but since the house has an edge, you still lose, though much more slowly. unless you join a counting team pre-shufflemaster, old days
     
    #1285     Sep 2, 2019
  6. ahhh...back in the day

    I bought "The Worlds Greatest Blackjack Book" (Lance Humble Ph.D. & Carl Cooper Ph.D.) & Playing BlackJack as a Business (Lawrence Revere) and got myself warned by a dealer at Caesar's to remember the "eye in the sky". I got those books somewhere on my bookshelf...ahhh those were the days. Don't you hate it when people borrow books from you and do not return them!

    I decided to give it up.

    Vote now. What Say you?

    Es
     
    Last edited: Sep 2, 2019
    #1286     Sep 2, 2019
  7. tomorton

    tomorton


    The results (so far) are displayed on p1, if you've voted. It currently stands at 65.2% "Not gambling", after 14 years of voting.

    Jeez, even Brexit didn't take that long.
     
    #1287     Sep 2, 2019
  8. themickey

    themickey

    Yes, decisive like trading. When you place a trade you know the result beforehand.
    Trading is a foregone conclusion of winning, that's why it's not gambling.
    ET'ers predominantly know trading is not gambling, we are all rich, elite, FOS.
     
    #1288     Sep 2, 2019
  9. comagnum

    comagnum

    Is trading Gambling or not

    Is gambling trading? Well, there you have it ....
     
    #1289     Sep 2, 2019
  10. :) You caught me after all these years...

     
    #1290     Sep 2, 2019