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  • #341
  • Sep 27, 2010 9:23am Sep 27, 2010 9:23am
Quoting Monroe
Hey Patience, would it be called gambling to this very "clever man" or you, if you can find riskless opportunities? arbing per se...
I'm sorry, that stuff is way above my head but probably not above his. I said he was clever which means I'm not
Nothing worth having is easy.
  • #342
  • Sep 27, 2010 9:23am Sep 27, 2010 9:23am
I don't think it's another topic. a trader who does well, finds these opportunities (maybe not totally riskless) but and fact of the matter is Sim, those opportunities are present, so would it be called gambling? No it would be called awesome... that's what it would be called.
  • #343
  • Sep 27, 2010 9:25am Sep 27, 2010 9:25am
yes yes i agree that trading is like gambling ,,
but gambling is not too bad if we can manage controll our self when to stop the play and when to continuos the play

i admidted im not rich from gambling ,, but i can still alive with gambling for long long time
the probability of gambling is 45%= for win n 55%= for loss

now i learn trading i hope i can have higher probability
maybe 55%= for win 45 % = loss
maybe 60%= for win 40%= for loss
with that probability i can manage and control myself better

regard
sumakianlee
  • #344
  • Sep 27, 2010 9:28am Sep 27, 2010 9:28am
Quoting Monroe
I don't think it's another topic. a trader who does well, finds these opportunities (maybe not totally riskless) but and fact of the matter is Sim, those opportunities are present, so would it be called gambling? No it would be called awesome... that's what it would be called.
It would be called both. Awesome by traders like us. Gambling by misinformed. And both are right... I just said earlier that technically we are gambling for the sake of it...until you can trade with a preset risk of 0, trading is gambling. A professional trader's form of gambling is simply much more efficient....

You can gamble with positive expectancy. Dunno why everyone has so much hate for the word
  • #345
  • Sep 27, 2010 9:29am Sep 27, 2010 9:29am
Quoting CindyXXXX
In my book Patience, this man is a business man who takes advatage of the gamblers.
By gambling himself, just making better decisions

Sorry couldnt resist
  • #346
  • Sep 27, 2010 9:30am Sep 27, 2010 9:30am
Quoting Turveyd
Everytime I place a gamble trade, I LOSE!!! most of my other trades profit.
Turveyd, I don't just throw soldiers out there for the sake of throwing soldiers out there. I check my charts and have an idea of the fundamental picture ..... but it's still gambling.

As I said somewhere else, we are all gamblers, it is just that some gamblers are better than others.
.
Nothing worth having is easy.
  • #347
  • Sep 27, 2010 9:33am Sep 27, 2010 9:33am
As I said, depends on your definition of gambling. I think it's called trading, not gambling. If you don't know how to trade or a bad trader, it's little more then gambling.

Just because you're 'trading' doesn't mean you're not gambling, but at the same time it doesn't mean you are, so it depends on the trader and what he is doing. basicly, what I'm trying to say is, you can't call every trader a gambler.
  • #348
  • Sep 27, 2010 9:34am Sep 27, 2010 9:34am
Quoting Sim
You can gamble with positive expectancy. Dunno why everyone has so much hate for the word
Exactly!

SwissRaj may be able to help out here. He's really deep - money is bad, bad, bad and sex is something to be afraid of deep. CindyXXXX understands him though. You know, it may just be a childhood thing. Father was a gambler, lost all the house keeping funds, children had to walk to school instead of being taken in a car. You know, that sort of thing.

[EDIT] Oh, and by the way, my father is a gambler and I still don't have a hang-up about the word.
.
Nothing worth having is easy.
  • #349
  • Sep 27, 2010 9:36am Sep 27, 2010 9:36am
Quoting Patience
Exactly!

SwissRaj may be able to help out here. He's really deep - money is bad, bad, bad and sex is something to be afraid of deep. CindyXXXX understands him though.

You know, it may just be a childhood thing. Father was a gambler, lost all the house keeping funds, children had to walk to school instead of being taken in a car. You know, that sort of thing.
Must be .
Time hides Nothing
  • #350
  • Sep 27, 2010 9:41am Sep 27, 2010 9:41am
If you're playing with probabilities and doing that type of thing, I guess it can be considered a form of gambling, and that is fine, as sim said, shouldn't be a negative thing if you know how to work it.
  • #351
  • Sep 27, 2010 9:42am Sep 27, 2010 9:42am
Quoting Patience
Exactly!



[EDIT] Oh, and by the way, my father is a gambler and I still don't have a hang-up about the word.
.
Does he like you calling him that? Maybe he sees himself as a business man, just a thought. This has goten personal all of a sudden so Im gonna be off now
Time hides Nothing
  • #352
  • Sep 27, 2010 9:44am Sep 27, 2010 9:44am
Are you into institutional or heaven forbid, insider trading? Riskless stuff, without charts, going very well and so on. Do you care to tell us about those good arbs?

BTW gambling could be defined as this. A game of ticks, with money, without knowing the outcome. Doesn't have to be a coin toss of course.

Quoting Monroe
As I said, depends on your definition of gambling. I think it's called trading, not gambling. If you don't know how to trade or a bad trader, it's little more then gambling.

Just because you're 'trading' doesn't mean you're not gambling, but at the same time it doesn't mean you are, so it depends on the trader and what he is doing. basicly, what I'm trying to say is, you can't call every trader a gambler.
forget about tomorrow, just steal away into the night
  • #353
  • Sep 27, 2010 9:56am Sep 27, 2010 9:56am
Quoting spekitox
Are you into institutional or heaven forbid, insider trading? Riskless stuff, without charts, going very well and so on. Do you care to tell us about those good arbs?

BTW gambling could be defined as this. A game of ticks, with money, without knowing the outcome. Doesn't have to be a coin toss of course.

LOL, well my trades are not based on charts i'll tell you that much.

I was just asking a hypothetical.

Is trading on the list of gambling? There is no question most out there are totally gambling. I and have no problem if someone wants to call what I do gambling, according to definition I guess it is.

who cares. don't really care to argue semantics.
  • #354
  • Sep 27, 2010 9:57am Sep 27, 2010 9:57am
I'm yo could say gambling EJ will go higher.

BUT I wouldn't call it gambling, for instance I know the odds are in my favour, and my SL is already at +1pip, so there is no effective risk and potentially 4x's the profit potential than my initial SL ( 40pips profit, 10sl )


Thats not gambling thats smart

Ofcourse ej's turned into a dead sideways pig but you get the point, thats an event possibility with no way to predict to
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #355
  • Sep 27, 2010 10:07am Sep 27, 2010 10:07am
Quoting Turveyd
I'm yo could say gambling EJ will go higher.

BUT I wouldn't call it gambling, for instance I know the odds are in my favour, and my SL is already at +1pip, so there is no effective risk and potentially 4x's the profit potential than my initial SL ( 40pips profit, 10sl )


Thats not gambling thats smart

Ofcourse ej's turned into a dead sideways pig but you get the point, thats an event possibility with no way to predict to
turv you just said it's not gambling then said something about odds.. lol
  • #356
  • Sep 27, 2010 10:08am Sep 27, 2010 10:08am
Typically I get a free mars bar for my troubles, should took the +8 and not continued to gamble for higher hey
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #357
  • Sep 27, 2010 10:11am Sep 27, 2010 10:11am
LOL

and I'll call it a day now! You can call it trading, gambelling or even Little Red Riding Hood if you like.

Quoting Sim
turv you just said it's not gambling then said something about odds.. lol
forget about tomorrow, just steal away into the night
  • #358
  • Sep 27, 2010 10:20am Sep 27, 2010 10:20am
Quoting CindyXXXX
Does he like you calling him that? Maybe he sees himself as a business man, just a thought. This has goten personal all of a sudden so Im gonna be off now
Oh, I don't call him anything. Just do that L sign with my fingers on my forehead Gambler, alcoholic, businessman ..... not sure what he sees himself as. Anyway, I'm off to see SwissRaj. He's helping me out with the subtleties
Nothing worth having is easy.
  • #359
  • Sep 27, 2010 10:21am Sep 27, 2010 10:21am
Quoting Sim
turv you just said it's not gambling then said something about odds.. lol

Sadly gambling does come down to a game of statistics, you find something which will make you ( not every time ) over all profitable then you repeat it for ever more or until it strangely stops working.

The difference with a GAMBLE is the odds are generally always against you, where as with trading ( not gambling ), you can only trade when the odds aren't against you.

You also can't put a £1000 bet on a horse race and when the horse 1/2 way round drops to second place, exit the bet for a £100 loss saving the £900

Or let the horse keep going around in 1st place to keep making you more money.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #360
  • Sep 27, 2010 10:22am Sep 27, 2010 10:22am
but a newbie to forex can still do the above yet you class him a gambler?
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