Is Trading Just Guessing?

OK, no more pissing about, the theme is familiar, so get to the point please.

 

Betting $100 on Glue Factory and he loses = $100 loss
Betting on a stock with a $100 stop loss = $100 lost.

What's the difference?

Betting on Frankel, instead of Glue Factory, not a guess, but not particularly profitable.

 

when you bet on a horse you expect it to win, show or place

when you invest in a stock you expect it to appreciate in price

see the difference?

 

No

 

perhaps a career as a commission only stockbroker is not for you

 

Huh?

Here's the scenario:

1. You bet $100 on a horse at 2/1
2. You trade 1 ES with 2pt stop and 4pt target.

So enlighten me: what's the difference?

 

what do you think you are more likely to get away with?

telling your wife you are going to the "office"

or telling her you are going to the track

 

LOL. My wife does actually let me go to vegas once a year though.

 

The point is very clear if you care to read what is written and answer what is asked?

"Why are most people unable to answer a simple question when asked"

 

Perhaps most people don't see the purpose behind the question.

For myself though - deja vu.

So I'll not play the game, but it will be interesting to see if anyone else does.