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  • #1,186,981
  • Nov 6, 2020 8:57am Nov 6, 2020 8:57am
Quoting MrBullBear
You guys are both correct. Just different perspective. But both correct on your own understanding. So don't try to win an argument, because that doesn't mean you proved that you are correct. No, you may just a better debater than the other. Cheers!
I knew it get him and that he wouldn't accept it but fact.

I knew the outcome....I just put the bait on the line

Tough love, he can handle it
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  • #1,186,982
  • Nov 6, 2020 8:58am Nov 6, 2020 8:58am
Quoting mistaouting
{quote} Not the definition of gamble! After your post about trump I get it sir. Unless you show me the actual and real definition of gamble and not your version to fit your one track mindset... We can agree to disagree
I did post it about trading and gambling. It is a research online not my opinion.

You still have not provided a single prove that trading is gambling.

Trading is not gambling, change my mind.
  • #1,186,983
  • Nov 6, 2020 8:59am Nov 6, 2020 8:59am
Quoting MrBullBear
You guys are both correct. Just different perspective. But both correct on your own understanding. So don't try to win an argument, because that doesn't mean you proved that you are correct. No, you may just a better debater than the other. Cheers!
He has not prove a single point that trading is gambling. So far he is wrong.
  • #1,186,984
  • Nov 6, 2020 8:59am Nov 6, 2020 8:59am
Quoting mistaouting
{quote} What do you call your last two trades -$120 and who knows where your cable trade is now.... You're right you don't gamble you make donations to fx brokers
If you believe there is such a thing as a Market Maker, then you should agree trading isn't gambling. Market Makers have the means to move the market in their desired direction. That's not gambling. It's power. What Techanalyst is trying to tell you is thoughtful traders are merely attempting to ride the coattails of the Market Makers. This involves understanding how markets work. It's not a role of the dice.
Learn from your mistakes and march on.
  • #1,186,985
  • Nov 6, 2020 9:03am Nov 6, 2020 9:03am
Quoting here2there
{quote} If you believe there is such a thing as a Market Maker, then you should agree trading isn't gambling. Market Makers have the means to move the market in their desired direction. That's not gambling. It's power. What Techanalyst is trying to tell you is thoughtful traders are merely attempting to ride the coattails of the Market Makers. This involves understanding how markets work. It's not a role of the dice.
I try to explain the reality of trading. But he just wants to gamble.
  • #1,186,986
  • Nov 6, 2020 9:03am Nov 6, 2020 9:03am
Quoting bigiivan
{quote} Mr. M., you are a good man and I will not argue with you. Just want to say one thing and then I will keep silence about this. If I post 10 trades in a real time, I know I will win 6 of them and maybe more. The chance is more than 60%. But if I roll 2 dices 10 times I don't know how many times it will be more than 6 and how many times it will be less. The chance is 50/50. Because it is gambling.
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Edit: based on 2 dice.

Odds of rolling a 7 with dice better than some trader in win fx. Some guys here better off rolling dice betting on 7 for a career
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  • #1,186,987
  • Nov 6, 2020 9:07am Nov 6, 2020 9:07am
Quoting mistaouting
{quote} {image} Edit: based on 2 dice. Odds of rolling a 7 with dice better than some trades win fx. Some guys here better rolling dice betting on 7 for a career
No, not accurate. Just pure guessing. If you think you have a better chance of rolling and winning in gambling, than I got to say you are in wrong career. Trade don't gamble.
  • #1,186,988
  • Nov 6, 2020 9:12am Nov 6, 2020 9:12am
Quoting Techanalyst
{quote} No, not accurate. Just pure guessing. If you think you have a better chance of rolling and winning in gambling, than I got to say you are in wrong career. Trade don't gamble.
I'm betting you would bet on rolling a 1 or 12 instead of a 6,7, or 8.
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  • #1,186,989
  • Nov 6, 2020 9:12am Nov 6, 2020 9:12am
Techanalyst, of course everyone is entitled to their view. I have to agree with the others here. Trading is gambling. It's was a hard truth for me to swallow even now. The thing is there are professional gamblers that play black jack and roll dices etc and make consistent profit every month just like professional traders. A good example of this. I heard David Blaine, the magician, once relate a story about someone he knows that dedicated 10 years of their life. Practicing how to roll dice. They did it 8-10 hours every day. Now this person, makes hundreds of thousands dollars in profit gambling every year. Professional gamblers put in the time and study of various factors to put them in a position to win more than they loose. The difference between them and us is our casino is the stock market, forex market, commodity market etc. At the end of the day, who cares what it is. So long as we are making consistent profit year in year out. But it is an interesting topic. Stay Green.
  • #1,186,990
  • Nov 6, 2020 9:13am Nov 6, 2020 9:13am
Quoting mistaouting
{quote} I'm betting you would bet on rolling a 1 or 12 instead of a 6,7, or 8.
But there is no 1 on the table it starts at 2 to 12. I wouldn't bet either way, I trade/invest, I don't gamble.
  • #1,186,991
  • Nov 6, 2020 9:23am Nov 6, 2020 9:23am
Quoting here2there
{quote} If you believe there is such a thing as a Market Maker, then you should agree trading isn't gambling. Market Makers have the means to move the market in their desired direction. That's not gambling. It's power. What Techanalyst is trying to tell you is thoughtful traders are merely attempting to ride the coattails of the Market Makers. This involves understanding how markets work. It's not a role of the dice.
Thanks for some reason you seemed to explain it better

Still risk, still uncertainty, and still a gamble. It's not to discredit the hard people put into their analysis...but fact is after all your analyzing you can still be wrong. Those gamble in things like cards or sports can also do analysis and the good one do
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  • #1,186,992
  • Nov 6, 2020 9:26am Nov 6, 2020 9:26am
Quoting mistaouting
{quote} Thanks for some reason you seemed to explain it better Still risk, still uncertainty, and still a gamble. It's not to discredit the hard people put into their analysis...but fact is after all your analyzing you can still be wrong. Those gamble in things like cards or sports can also do analysis and the good one do
We not gambling since we bet on the outcome based on knowledge, but a a gamble roll a dies hoping for luck, we are not lucky we know, "knowledge"
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I'm enjoying the wins because I was once terrified by loses
  • #1,186,993
  • Nov 6, 2020 9:28am Nov 6, 2020 9:28am
Quoting mistaouting
{quote} Thanks for some reason you seemed to explain it better Still risk, still uncertainty, and still a gamble. It's not to discredit the hard people put into their analysis...but fact is after all your analyzing you can still be wrong. Those gamble in things like cards or sports can also do analysis and the good one do
You still have not proven a single explanation that trading is gambling.

Trading is not gambling.
  • #1,186,994
  • Nov 6, 2020 9:43am Nov 6, 2020 9:43am
Quoting PadawanTrex
Techanalyst, of course everyone is entitled to their view. I have to agree with the others here. Trading is gambling. It's was a hard truth for me to swallow even now. The thing is there are professional gamblers that play black jack and roll dices etc and make consistent profit every month just like professional traders. A good example of this. I heard David Blaine, the magician, once relate a story about someone he knows that dedicated 10 years of their life. Practicing how to roll dice. They did it 8-10 hours every day. Now this person, makes...
Still not a solid prove that trading is gambling. I have shared the explanation, not my opinion that trading is not gambling. If you are gambling in trading, you are in wrong career. Unfortunately a lot of traders are still gambling in markets and they are not successful. I trade/invest I do not gamble.

As for practicing on rolling the dices 8-10 hours a day, I will not even comment on that weird statement. No words.
  • #1,186,995
  • Edited 9:58am Nov 6, 2020 9:45am | Edited 9:58am
watching for breaks limit down for up 1.1770, there can be sharp fall further though towards 1740 ! upside can test 1933 .take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,186,996
  • Nov 6, 2020 9:46am Nov 6, 2020 9:46am
Quoting Erto
{quote} We not gambling since we bet on the outcome based on knowledge, but a a gamble roll a dies hoping for luck, we are not lucky we know, "knowledge" {image}
If that was the more traders would win...
Look at chart with dice and possiblity of outcome... Just like a good traders would us analysis. A good gambler would also.

A good gamble may bet $1 on rolling a 2 or 12 and $20 on rolling 6 or 8 and maybe $50 on rolling a 7 based on odds. True he doesn't know what will happen but he knows odds of are grater for a 7 and less for 2 or 12.

Just like that gambler doesn't know how the dice will land is just like like so many fx traders don't know where and when market will go.... Look at numbers of actual traders who are very successful trading, not many. If it these guys knew where market was going they would win more... Don't you think
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  • #1,186,997
  • Nov 6, 2020 9:48am Nov 6, 2020 9:48am
Quoting mistaouting
Look at numbers of actual traders who are very successful trading, not many. If it these guys knew where market was going they would win more... Don't you think
What world do you live in??? How many people are successful at anything they do? How many are successfully running any business? 1%?
Everyone can see the chart, but only a few can actually read it.
  • #1,186,998
  • Nov 6, 2020 9:52am Nov 6, 2020 9:52am
Quoting mistaouting
{quote} If that was the more traders would win... Look at chart with dice and possiblity of outcome... Just like a good traders would us analysis. A good gambler would also. A good gamble may bet $1 on rolling a 2 or 12 and $20 on rolling 6 or 8 and maybe $50 on rolling a 7 based on odds. True he doesn't know what will happen but he knows odds of are grater for a 7 and less for 2 or 12. Just like that gambler doesn't know how the dice will land is just like like so many fx traders don't know where and when market will go.... Look at numbers of actual...
It is because of lack of practice and wrong education that traders lose a lot of money. If they stop relying on strictly indicators, and others, and start doing proper research, eventually they get better at trading. It's like opening a restaurant, you have good advertisement, good menu, you are not too expensive but not too cheap either, the amount of food you give the customers, they will judge on that, and once the word gets around, you will profit. Same with trading, the more you practice, and learn and read, the better you get. As for the gambling, it is just rolling dices. There are better odds where you can still win some money, but overall, it is just gambling by rolling dices. Trading on the other hand, is investing/trading, you have a lot of information available out there, fundamentals and technical analysis, you have bank traders analysis where you can use it and apply it as a tool for trading. So no matter what, trading is not gambling, and gambling in a casino well it is gambling and it is a guaranteed loss, as the house will always win. My broker wins sometimes, but overall for the past six years, I am in a profit, so I win. No matter what, I know out of 10, I will at least have 6 or 7 winning trades. So there you go, trading is not gambling.
  • #1,186,999
  • Nov 6, 2020 9:52am Nov 6, 2020 9:52am
Quoting mistaouting
{quote} If that was the more traders would win... Look at chart with dice and possiblity of outcome... Just like a good traders would us analysis. A good gambler would also. A good gamble may bet $1 on rolling a 2 or 12 and $20 on rolling 6 or 8 and maybe $50 on rolling a 7 based on odds. True he doesn't know what will happen but he knows odds of are grater for a 7 and less for 2 or 12. Just like that gambler doesn't know how the dice will land is just like like so many fx traders don't know where and when market will go.... Look at numbers of actual...
Lol those guys u talking about are gambling not me,
I'm enjoying the wins because I was once terrified by loses
  • #1,187,000
  • Nov 6, 2020 9:57am Nov 6, 2020 9:57am
Quoting OnlineAddict
{quote} What world do you live in??? How many people are successful at anything they do? How many are successfully running any business? 1%?
What world do I live in!

Your the same person that when I asked for the definition of gamble you gave your personal opinion.

Now you give a random ass number of 1% of people are successfully running a business .

I live in a world of TRUTH and FACTS if you ever visit we can talk.

Edit. Start by actually reading and understanding the definition of gamble
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