Let's take another example: you buy stock XYZ @10 bucks. It goes up to $15. After examining all the fundies and technicals, you decide it's time to sell. Right afterwards, the stock drops. Would you crow about your "skills" for having foreseen the correction, or would you consider yourself "lucky" to have gotten out in time? If on the contrary, against your expectations, XYZ zooms to $50, would you lament about your "bad luck" for having missed the train? What I am trying to say is in trading, as anything else in life (and death), what matters is "perception". No matter you consider it gambling, betting or legitimate way to make a living, it all boils down to YOU and HOW you deal with it. Until YOU get it sorted out, nothing else matters.
premise...stock can go to zero time: I can die new information: historical range Can knowing certain information cause the "not gambling" hypothesis to be proven? Gambling is uncertain...wait...re-read... would the dictionary define that if one item were proven and certain within a uncertain outcome then there might be a degree possible?
By definition: gambling = uncertain outcome (<100%) So even if you have 99.999% of winning, you'd still be gambling. Of course, there are some with higher pain threshold...They would take 99.999% chance of LOSING and jump in with both feet!...
IMHO, trading is not a gambling: When you trade you use news, reports, technical analisys and so on. Trades - are executed by command; and depending on bid/ask volume price is jumping up'n'down. Also, when there is a trend - you can jump in to make some money or loose if trend is over. When you gamble, you just hope that you will win. No news will help you. when you gampble, there are no trends. Dima www.mmepxlorer.com
when you gamble? Just pure luck, no much skills are needed to be in a hot streak. You just lucky that you are winning. But when you trade you can control your trades, let's say if you are a scalper - you go short/long 20 times a day. But you do your decisions based on your skills. Or, let's say a football team, that wins 20 games in a row, not becasue it is just lycky, but probably because all players trained better than others. Will you consider it gambling? Dima www.mmexplorer.com
Is gambling really just testing your relationship to God? to see where you stand? Everybody, Please Vote...