Is trading like gambling ??

Discussion in 'Trading' started by Frenchy, Nov 18, 2005.

  1. Another point. "Gambling" is just what it means...."Gambling" There is no safe way to "Gamble".

    Trading can be "Not Gambling"

    By the way, therudeboy...no offense taken, please continue as I would like to debate this with you, in an academic way, but in "plain speak". and I do not think you are rude either...I am more rude than you at times.

    Michael B.
     
    #31     Nov 19, 2005
  2. THERUDEBOY

    THERUDEBOY Guest

    People were answering this thread from thier own perspective. The question is too general, and causes a lot of problems. So if a person ever asks you the same question again.....it's probably best ignored unless they specify.
     
    #32     Nov 19, 2005
  3. This I can agree with :)


     
    #33     Nov 19, 2005
  4. Frenchy

    Frenchy

    Pennystock trading is gambling for me....
    Other, forex....is for pro with technical view
     
    #34     Nov 19, 2005
  5. Frenchy

    Frenchy

    i m fed up with lots of trading site where you can find casino link....
     
    #35     Nov 19, 2005
  6. Why do you care so much? Trade yourself...you shouldn't have to ask.

    Trading, unlike gambling and sportsbetting, you can pull out before its a full loser. You can also set clear risk/reward levels.
     
    #36     Nov 19, 2005
  7. Deptrai

    Deptrai

    He won the main event only once in 2000. It was a showdown with TJ Cloutier.
     
    #37     Nov 19, 2005
  8. Anything that has a proven quantifiable edge is not gambling.

    Even the greatest Gamblers of our time understood this!
     
    #38     Nov 19, 2005
  9. Deptrai

    Deptrai

    I believe the traders at Long Term Capital thought the same way, Samson.
     
    #39     Nov 19, 2005

  10. Your probably right but even having a quantifiable edge doesn't guarantee anything either it just means your NOT gambling.

    :)

    A gamble to me is anything that you engage in where the primary requirement for success is LUCK.

    Trading is a skill and I know this because the longer I do it the better I become at it.

    Now watch me have a big loss Monday morning lol. :eek:
     
    #40     Nov 19, 2005