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. Is "not gambling" insider trading?

    ES
     
    #891     Nov 9, 2010
  2. Insider trading is not gambling. It's one of the true edges... and also illegal in US markets.
     
    #892     Nov 9, 2010
  3. Nope. Roulette is ALWAYS gambling... unless you can pick up an edge on the wheel.

    Odds of a winning number on any one spin (regardless of results of prior spins) = 38:1. Payout if you win, 35:1. House always has the edge.
     
    #893     Nov 9, 2010
  4. As he should, LOL.

    Don
     
    #894     Nov 9, 2010
  5. It's always gambling due to the vig and the fact others will always have better faster data etc

    This does not mean you can't win ofcourse in the short term. But you will always Lose in the long term unless you adapt constantly.

    It's interesting most say it's not gambling. No wonder the market In frastructure is so rich. Plenty of sheep who think they have an edge.

    Nice thread electric and welcome back!
     
    #895     Nov 9, 2010
  6. Is gambling a form of trading?
     
    #896     Nov 9, 2010
  7. jokepie

    jokepie

    Wow!!! 66% / 33% split.

    Wonder which group is consistently profitable. Can we run a parallel poll !!


    :cool:
     
    #897     Nov 9, 2010
  8. Td...:)


     
    #898     Nov 9, 2010
  9. Note the sample size .. (this is the longet running most extensive poll on the subject).

    Have you voted?

    ES




     
    #899     Nov 9, 2010
  10. I don't understand why you say looking only one way on the street gives you a 50-50 proposition of getting hit.

    Of course, I live on a one way street.
     
    #900     Nov 9, 2010