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. Wouldn't that depend on the time scale you're trading? If someone is prepared to wait long enough they will eventually make money from a trade.

    For example buy $/Yen, wait as long as it takes (provided you have sufficient funds for the potential drawdown), earn interest on the trade in the interim, and eventually close it in profit.

    Risk free, chance free, impossible to lose?
     
    #551     Nov 19, 2006
  2. Nope, Japan is situated on the edge of a sea cliff and one of the most active fault lines in the world ( I lived their for 2 years)... wouldn't want to be holding Yen if it slipped over the edge or Godzilla attacked
     
    #552     Nov 19, 2006
  3. ps??? you're kidding right? you sound like cobert.

    widget the market to death? what? balancing the market does not kill the market. And using actual supporting evidence like 'dictionaries' and 'wikipedias' not only shows my confidence with my arguement. it shows the generally accepted view in line with my arguement.
     
    #553     Nov 19, 2006
  4. here...

    count the number of pips down to zero....use a dealer that allows 1 unit increments....

    then

    go long and short at the same time...take 10 pip profits on each side with that "infinity proof bet size" on automation..

    do not visit the platform for 10 years...

    now some will say the dealer can go bankrupt...thus you gambled....crap...do not trade at all then....


     
    #554     Nov 19, 2006
  5. Well you must be a millionaire by now because you have found a way to make money with no risk and no chance of losing... one wonders what a millionaire is doing chatting here when there are so many supermodels on so many yachts waiting to be entertained by so many widget millionaires :)
     
    #555     Nov 19, 2006
  6. Hey just because it exists does'nt mean trades like that happen often. Plus I only have a little bit of capital right now, not enough to buy the seats on the exchanges required to compete doing this against big firms.
     
    #556     Nov 19, 2006
  7. Ahhh so the variables of life get in the way... damn that gambling god

    It seems god does play dice with the universe... poor old Albert
     
    #557     Nov 19, 2006
  8. variables of life? sounds like a bad infomercial. frequency of opportunities obviously effects scaling of profitability. as with every known business on this planet.

    and there is no god. there is only a flying spaghetti monster. and he does'nt gamble. there is no such thing as random or free will. everything is based on physical laws. and if we knew these physical laws and could understand the current state of the universe we could know absolutely everything that will ever happen in the future.

    hense we would never get hit by the truck. risk is an illusion. everything that happens is based on the physical laws and the current state.
     
    #558     Nov 19, 2006
  9. So your example kind of died from the realities of life... oh well back to gambling until you find a practical one

    and the absolute (god) can be more accurately called existence and the universe an expression of it's burgeoning (but paradoxically timeless) awareness
     
    #560     Nov 19, 2006