Not for me, but a lot of people think yes....Why ? you need to be clever for trading not for gambling.
There are different types of gambling. Gambling involves risk. Ask anybody who ever bought an endownment mortgage.
First, define what you think "gambling" is otherwise another pointless discussion will follow. http://www.thefreedictionary.com/gambling http://www.elitetrader.com/vb/showthread.php?s=&threadid=47910 http://www.elitetrader.com/vb/showthread.php?s=&threadid=47844 http://www.elitetrader.com/vb/showthread.php?s=&threadid=41888 http://www.elitetrader.com/vb/showthread.php?s=&threadid=11296
The people who bought these types of mortgage obviously thought the markets were some kind of 'dead cert'.
Look. Let's not get all crazy and blinded by our own self arrogance here. I like to think of myself as a competent trader. Am i a gambler? Probably, yeh, i am. So what! I'm a gambler. Who gives a s h i t? Not me.
Is this a gambler's anonymous meeting? Let me start. I am a gambler. I gambled that the USDCHF would increase from 1.2788 to 1.3220. I stacked all the way to 1.3100 and unloaded everything at 1.3220. 20 contracts total. Made $48,028 profit in less than 2 weeks. I am a gambler. Regards, Deptrai
You here so much talk about stops, money management, volatilty and all the rest of the 'non risk' talk. How can trading be gambling? No way! Surely any five year old could see what the markets are all about? Get real. It's gambling, you may be a seasoned trader, but you can't see into the future.
Hello my name is THERUDEBOY. I daytrade, i don't use stops and i bounce from market to market. I really don't care. I am not a gambler.
My point is this. Once you start being careful and should i say wise you already know you are gambling. Where you put yourself on the gambling scale is up to you.