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. well of course what i stated above is my opinion and nothing else. i simply used my own logic...although i don't think it is hard for anyone to see that, and i wouldn't consider world class poker players to be gamblers. again, although it is backed by a logic, this is entirely my opinion.
     
    #491     Nov 17, 2006
  2. A one-liner from another thread...


    professionals in training, not as gamblers looking for the quick score and magic bullet
     
    #492     Nov 18, 2006
  3. A professional gambler calculates probabilities and doesn't care if his next bet is a winner or a loser as long as it represents good value... sound familiar?
     
    #493     Nov 18, 2006
  4. trading is certainly not gambling. I never gamble, and i certainly would not trade if i thought it was a gambling game. it's a gentlemans agreement, nothing more.
     
    #494     Nov 18, 2006
  5. A gentlemans agreement to gamble

    The best gamblers calculate probabilty and never bet unless the odds are in their favour... lets not get too precious about this thing we call trading, of course it's gambling... it's just that the better gamblers rely on probability and the worse gamblers rely on luck... and thats one lady that will always let you down
     
    #495     Nov 18, 2006
  6. Gambling is when the odds are stacked against you, trading isn't like that.
     
    #496     Nov 18, 2006
  7. Where did you get that definition?

    You'll have to let the 95% of traders that fail in this business know the odds are stacked in their favour....

    I dont think they got the memo :)
     
    #497     Nov 18, 2006
  8. if you want to trade when you're not sure that's up to you. i like to be sure.
     
    #498     Nov 18, 2006
  9. Nothing in life is sure, nothing is 100%... you can be reasonably sure of your results over time if you have become a pro but never on a single trade... toss a coin and tell me with 100% assurity if it will be heads or tails... you cant and you never will.... but we know we will get roughly 50 heads and 50 tails over a 100 tosses... thats trading... thats probability... and for the better punters... thats gambling

    and ps: the market absolutely devours those who cant accept being wrong or take a loss
     
    #499     Nov 18, 2006
  10. You see traders...their only argument is the sky is falling...trading can be "not gambling"...

    Put away your dictionaries...


     
    #500     Nov 18, 2006