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

    458 vote(s)
    34.9%
  2. Not Gambling

    854 vote(s)
    65.1%
  1. Well true with Roulette,

    But I can prove that playing proper BlackJack with bet sizing according the plus/minus count is not gambling.

    The eye in the sky, the start of the deck and table limits, complicate this.

    Lol, If Samson and I played a friendly game of BlackJack we would need to follow all those Vegas twists that make it harder :)...and then it might be up to luck then, between Samson and I.....lol


     
    #21     Apr 10, 2005
  2. Silence.....

    Hmmmm....

    When ET is silent, the boys are busy.....

    or

    Electric might just have something....nah...he is an idiot...

    But its fun to visualze isn't it Folks....
     
    #22     Apr 10, 2005
  3. That's primarily what this is!
     
    #23     Apr 10, 2005
  4. I just wanted to confirm, Electric not only visualizes this, he trades it...(some say he is transitioning from a humble wannbee to a profitable blowhard)

    But with the EUR/USD and the USD/CHF.

    It seems to work, and if he goes flat he would soon show a net profit. But why go flat? Just go with the waves and collect volatility.

    I can see this is true, as to what my crazy husband is saying. I think it comes down to a longer term mindset and how you want to trade and what you can tolerate.

    I am not a trader, I trade Options through an advisory at OptionXpress through AutoXecute. But if I can see this, surly the great minds of ET can see it?

    Please do not misunderstand Electric. He feels that profitable traders want to "hang" with other profitable traders. He wants to talk the "talk" and be a big shot trader. After all the years of contributing to ET, let him have his fun....You folks can help him deal with this. It is just as hard to be a winning trader through the hard work of trading, than to be the loser wannabee blaming it on gambling to make ones self feel better.

    Wifey.
     
    #24     Apr 10, 2005
  5. John47

    John47

    my humble opinion:

    Casino gambling w/ slots and what not, pure chance/luck...doesn't appeal to me.


    Poker/trading....at the higher levels, where it is a career for people......it is people that know their game well, and take bets when the odds are in their favor.

    You make a trade when you feel you have an 'edge' in the odds, right? That if you take that same trade over and over, you will come out ahead becasue of your edge, your odds.

    A pro gambler does something very similar...they play the hands (take the trades) where they feel they have a better than random chance of taking the pot (making a winning trade).

    I think alot of careers involve playing odds....perhaps trading and poker most obvliously.
     
    #25     Apr 10, 2005
  6. FredBloggs

    FredBloggs Guest

    gambler or trader?

    the answer lies in how the individual understands and approaches risk.

    does a casino gamble, or is it only the customer who gambles? both carry risk, they just manage it differently.
     
    #26     Apr 10, 2005
  7. Mr 47,

    Look at the example in this thread and reflect and apply what you are saying to the example. There is no directional bias. There is no playing the game well.

    If you have limited capital, try this at Oanda. I watch Electric Volatility Grab every day...

    I must agree, Trading is not gambling, even though I am not a trader and depend on an advisory that may gamble...

    Let me say, that Electric would never allow me to trade an advisory that posted hypothetical results. I have been trading this advisory for 1 1/2 years now. If it stops working, then I will not be trading and need to learn how.

    Wifey



     
    #27     Apr 10, 2005
  8. Electric, what would have happened to a trader who implemented that strategy with say JPY 20 + years ago when yen was trading around 220 to the dollar? <gulp>
     
    #28     Apr 10, 2005
  9. Mr Bloggs,

    As another poster eluded to, lets not turn this into a conceptual game of symantics as these type of threads turn into.

    Lets concentrate on the example and the work at hand....

    Please excuse me sir, I am not approaching you in a challenging or condescending tone. I would never do this publically to Electric's friends.

    If the example is too hard...I can ask Electric to give us an easier example to work on, that will prove trading is not gambling?

    Wifey




     
    #29     Apr 10, 2005
  10. I am not sure, as this cannot be backtested. I would be very profitable on the realized profit from the chop, however. I could visualize that today I could go flat in it with a net profit. How much profit I do no know.

    The ability to trade correctly with the proper incremental spacing and trade size is key in your example.

    Michael B.

    P.S. I might add, ones ability to suffer the unrealized P/L during this 20 years without a margin call would be key to survival.



     
    #30     Apr 10, 2005