Trading is Gambling. You know it! Be honest

Wouldn't a virgin having unprotected be at risk as well?

 

I think that for the huge majority of traders it is gambling. For a small minority it is not. What else is new?

 

I dont think you have to change the terminology just because someone is successful at it... it's still gambling... just executed by a professional

 

As long as she has an appropriate stop loss in place, she should be fine!

 

But on the packet there is a warning of a 3% chance of a fast market "blowing" by your stop

 

I am using the teminology as implied by the op. Most people do not seem to understand the true definitions of gambling.

 

Here is the only distinction that matters

Amatuer traders/gamblers rely on luck/chance

Professional traders/gamblers rely on probabilities

 

agreed

 

"I say" - " a lot of discussion about something that is really a personal opinion at best. Some trades are gambles, plain and simple...some are "calculated risks" (not much better), and some "trading" (vs. single trade) is a logical, rational approach to participating in the marketplace.

I count cards (not really gambling in the long run). I "gamble" on occasion when grabbing a couple thousand shares of a stock I know little about ...."just because" (gap down, gap up, "shouldn't go any lower/higher)... experience tends to lead to better "gambles" - but my primary trading is what I consider simple active participation from a position of strength (capital, education, experience, all the "good stuff").

FWIW,

Don

 

Thats gambling from a position of strength because there is still risk