IT’s Gambling.

Discussion in 'Stocks' started by Arnie Guitar, Jul 3, 2023.

  1. There's a significant amount of luck in trading. What keeps people trading is that almost everyone, especially "profitable traders" overestimate their actual edge.

    I like what Sklansky said about poker: gambling with a positive expectation. I'd say gambling with a positive expectation for a few and gambling with a negative expectation for most.
     
    #51     Aug 2, 2023
  2. Kiwings

    Kiwings

    You've made a straightforward observation – investing in stocks does have elements of gambling in it, especially with the inherent risks and unpredictability. It's essentially legalized gambling with the added feature of loan options.
     
    #52     Dec 22, 2023
  3. deaddog

    deaddog

    But when you have an edge is it realy gambling or are you running a business?
     
    #53     Dec 22, 2023
    Slope Trader and MarkBrown like this.
  4. Kiwings

    Kiwings

    While stock trading can be intense, if you ever want a more lighthearted form of entertainment, you could explore some of the best online slot games. These games offer a different kind of thrill and can be a fun way to relax.
    Whether it's trading stocks or trying your luck with online slots, both have their unique appeal. It's all about finding the right balance between risk and enjoyment.
     
    #54     Dec 25, 2023
  5. %%
    Exactly;
    l like what Dave RASMEY SAYS\ A LOTTO IS STUPID TAX \ on people that cant do math.
    Stock -ETF market is nothing like a lotto \gamble or random walk; single stocks DO have lot or risk in them.......................................................................
    .After 20 years i was shocked to hear Dave[radio-REALTOR ] admit his wife lost\$600 before the cruize trip was over....................................... Peter Lnych's wife does like L'eggs Panty hose. :D:DSharon ramsey did win a few quarters[slot machine] then lost much more.
    God bless her/ I dont know if she has a gambling problem ??
     
    #55     Mar 8, 2024
  6. Torgal

    Torgal

    This is a serious enough topic. Everyone decides for himself. Personally, I believe that gambling is a way of entertainment, but definitely not to earn money.
     
    #56     Mar 29, 2024