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What are similarities between trading and gambling?

  • #21
  • Aug 4, 2012 3:59am Aug 4, 2012 3:59am
Quoting diceman555
exactly,95 % are gambling.so the conclusion being trading is gambling
trading is gambling: true.
  • #22
  • Aug 4, 2012 11:26am Aug 4, 2012 11:26am
Quoting Mingary
Make money over time: you are a trader
lose money over time: you are a gambler.

apologies,,

just as food for thought
I've got some good friends

1> A = professional gambler and gamble for a living
2>B= bad gambler and many of the losses than his winning because his wealthy parents

3>C= professional trader and trading for a living
4>D= bad trader and trading many of the losses than his winning
because the trading he was only 20% of monthly income
and his hobby is speculative

thank you
wen
  • #23
  • Aug 5, 2012 5:19am Aug 5, 2012 5:19am
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  • #24
  • Aug 5, 2012 6:31am Aug 5, 2012 6:31am
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  • #25
  • Aug 5, 2012 11:04am Aug 5, 2012 11:04am
Quoting diceman555
http://www.youtube.com/watch?v=4PU0u...yer_detailpage
wow,,,, cool voice,,
dice,,

thank you
wen
  • #26
  • Aug 5, 2012 8:55pm Aug 5, 2012 8:55pm
Quoting diceman555
TraderDaily:How helpful are $250 forex mini-accounts and products like the CFD (Certificates For Difference) to individuals who hope to parlay a small amount of capital into a fortune? Are these valuable tools or just the malt liquor of the financial world?
Rotter: In my opinion, this is just a kind of gambling similar to online poker. I know some smart guys who consistently make money in online poker, just taking it from all the gamblers. If you are not just a gambler, you need some professional equipment like...

thanks for the insight

wen
  • #27
  • Aug 5, 2012 11:44pm Aug 5, 2012 11:44pm
There is no difference between trading and gambling.
No matter what you trade (Forex, Shares, Futures, Commodities, Options, Financial instruments) it is all gambling and the whole world is hoocked on gambling including governments.
And who is the winner? The middle man who supplies the service and takes commisions.
GOOD LUCK :-)
  • #28
  • Aug 6, 2012 7:38am Aug 6, 2012 7:38am
Blah... did no one read my post?

If you can't tell the difference then you may as well piss it up at the casino. Yes a trade is a bet, yes the outcome is not guaranteed;

Just goes back to semantics and your definition of gambling.

Lets call it a mindset.

 

  1. A business is a gamble.
  2. Opening a casino is a business
  3. Gamblers make Casino businesses rich


You need an edge with a positive expectancy... Simple as that. Then you are not gambling you are the Casino.

H.D
  • #29
  • Aug 6, 2012 8:01am Aug 6, 2012 8:01am
Blah ... that's quite possible. You see, people tend to take old members' posts more seriously. People who have seen (and survived) a few flash crashes and stuff like that.
If you spend some time around - in spite of your mentor's warning, LOL - you will see "new members" come and go, they all think they know but the market usually knows better so within a few months they just vanish like a fart in the wind (haha you remember Shawshank?)

Quoting Hilar
Blah... did no one read my post?

If you can't tell the difference then you may as well piss it up at the casino. Yes a trade is a bet, yes the outcome is not guaranteed;

Just goes back to semantics and your definition of gambling.

Lets call it a mindset.
forget about tomorrow, just steal away into the night
  • #30
  • Aug 6, 2012 8:07am Aug 6, 2012 8:07am
Quoting spekitox
Blah ... that's quite possible. You see, people tend to take old members' posts more seriously. People who have seen (and survived) a few flash crashes and stuff like that.
If you spend some time around - in spite of your mentor's warning, LOL - you will see "new members" come and go, they all think they know but the market usually knows better so within a few months they just vanish like a fart in the wind (haha you remember Shawshank?)
Are you stalking me man..?

ahh.. stay away from forums, if only I'd listened. I'm actually living with my mentor if it makes you feel better and he just laughs... mostly.. On an honest note we are both finding these markets extremely challenging right now.

Inserted Video


... things are never as they seem my friend
H.D
  • #31
  • Aug 6, 2012 8:24am Aug 6, 2012 8:24am
LOL ... the last person I remember chasing was some lowlife who owed me some money. That was the first and the last time I paid someone for a job in advance. Never again.

uh, are you posting random videos about nothing?
You oughta know ... I like the Alanis Morissette song of the same title much better. The vibe ... just blows up.
Quoting Hilar
Are you stalking me man..?

ahh.. stay away from forums, if only I'd listened. I'm actually living with my mentor if it makes you feel better and he just laughs... mostly.. On an honest note we are both finding these markets extremely challenging right now.
forget about tomorrow, just steal away into the night
  • #32
  • Aug 6, 2012 8:27am Aug 6, 2012 8:27am
Quoting spekitox

uh, are you posting random videos about nothing?
yeah man... you're just too inspiring

I know I know..

Whats this thread about again... you have a way of doing that you know.

More power to ya...
H.D
  • #33
  • Aug 6, 2012 8:27am Aug 6, 2012 8:27am
Quoting Hilar
Are you stalking me man..?
Yeah, watch out, there are a lot of stalkers around this place. They like to stalk in the recycle bin.
Nothing worth having is easy.
  • #34
  • Aug 6, 2012 8:30am Aug 6, 2012 8:30am
Quoting wendykurnia
What are similarities between trading with gambling
also
what is the difference between trading with gambling

all comments are welcome

thank you
wen
Trading is similar to gambling. Nothing is diferent from each others. The sucessful traders are gamblers who master the game of probability.
Accept as it is being!
  • #35
  • Aug 7, 2012 3:52pm Aug 7, 2012 3:52pm
Quoting wendykurnia
What are similarities between trading and gambling?
Answer: None.

Not if you know what you are doing when Trading.

It is only when you do not understand what you are doing and why you are doing it, that you enter the realm of the Gambler.

High stakes Poker, is not Trading. Not even close. Not even remotely close.

Gambling is a form of Entertainment, and so is playing a Video Game. You can make a living doing both by the way - some people do. But, it is not Trading.

Of course, some will argue that Trading is also a "form" of Entertainment. I can spin that argument either way, but I won't do that here.
The Event Horizon
  • #36
  • Aug 7, 2012 10:05pm Aug 7, 2012 10:05pm
Quoting Vnfx
Trading is similar to gambling. Nothing is diferent from each others. The sucessful traders are gamblers who master the game of probability.

I think I agree about the probability
and master the game of probability.

thank you
  • #37
  • Aug 7, 2012 10:23pm Aug 7, 2012 10:23pm
It's easier to list the differences between trading and gambling because the similarities are too many.

As some has pointed out in the thread:
Difference:
1)You can control how much you lose
2)It is possible to obtain an edge over the markets.

That's about all that is different. Everything else is pretty similar.
  • #38
  • Aug 8, 2012 3:43am Aug 8, 2012 3:43am
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  • #39
  • Aug 8, 2012 3:48am Aug 8, 2012 3:48am
Quoting wendykurnia
http://www.youtube.com/watch?v=uwuv-...eature=related
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  • #40
  • Aug 8, 2012 4:29am Aug 8, 2012 4:29am
Quoting wendykurnia
http://www.youtube.com/watch?v=uwuv-...eature=related
http://www.khanacademy.org/math/probability?k
H.D
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