I agree, with everything you just said. I believe ego and pride is what blinds people from the fact, that; Risk obligation and Risk NON- obligation are two entirely different things. As i've stated before. A job is required to pay you if you work those hours, even if they decide to fire you. You can lose everything and they arenot obligated to pay you for your long hours of trading. Sure bet, or not, you're gambling. Safe gamblers are the ones who claim it isn't, like news traders for instance.
Wall Street, The other Las Vegas. Nicholas Darvas. If you win, it's not gambling. If you loose, it's gambling.
Mr. Electric ....I smile every time I see that this thread is still running and so popular, for so very many reasons. But thanks for the daily smiles, LOL. Don
HeHe...Mr Bright if I have not wished you a "Lucky" New Year yet...then I will do so now.. Have A prosperous New Year and may 2007 be yet another milestone in trading, EXCEEDED! Michael B.
No the logic is flawed because Poker is used as the example of fixed/constant probabilities... what about horse racing? sports betting? Not so constant now is it? Speculation is a wank word for gambling