Psychology: Professional Trader, or professional gambler?

Discussion in 'Psychology' started by OPTIONAL777, Jun 16, 2003.

  1. ElCubano

    ElCubano


    Breakout read it again.....a gambler/trader with an edge can make money.....but when you take a bet in the direction the market is going you are in fact gambling that the direction goes in your favor...you can call it what you want....but in my book you are placing a bet (ie. gambling ).......can you have an edge sure can that edge make you money sure..but the act of placing a bet is called???? what


    you have no way of gauranteeing you will be trading 1 year from know.......if you can gaurantee that please let me know where to send my funds..... :D
     
    #21     Jun 16, 2003
  2. dbphoenix

    dbphoenix

    Learn what?
     
    #22     Jun 16, 2003
  3. I guess it's just our definition of "Gamble" that differs. Just to take an
    extreme example, If I was sitting at a card table and I had
    the elusive royal flush(the best hand in poker) in my hand,
    I wouldn't think of it as a gamble to "raise the bet", because the
    odds are waaaayyyy in my favor. To me, gambling is taking a
    risk that you have little to no chance of profiting on...:cool:
     
    #23     Jun 16, 2003

  4. ...to trade? lol
     
    #24     Jun 16, 2003
  5. dbphoenix

    dbphoenix

    The only thing you'll learn is how to trade like Nitro. If that's what you want, you might succeed in doing so. But I doubt it. :(
     
    #25     Jun 16, 2003
  6. leave nitro alone or I'll unlease 1000 Jesse/Longshot posts on you:p :p :p
     
    #26     Jun 16, 2003
  7. ElCubano

    ElCubano

    royal flush...now we are talking lucky....:D
     
    #27     Jun 16, 2003


  8. Luck wasn't the topic...the question was, "Would it be gambling
    to bet on it"? And I say...no...hehe
     
    #28     Jun 16, 2003
  9. ElCubano

    ElCubano

    Now translate a royal flush ( a sure thing ) into the Market.....peace
     
    #29     Jun 16, 2003

  10. Like I said...the topic wasn't "a sure thing" or "luck". The
    topic was gambling. And when the odds are in you're favor, it's
    not gambling, but speculating...IMHO
     
    #30     Jun 16, 2003