Is Trading the Same as Gambling?

This is a discussion on Is Trading the Same as Gambling? within the New to Trade2Win forums, part of the Reception category; I do not think it matters at the end of the day.If i make money at the end of the ...

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Old Jan 9, 2011, 5:12pm   #25
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Re: Is Trading the Same as Gambling?

I do not think it matters at the end of the day.If i make money at the end of the day i'm either a sucessfull gambler or a sucessfull speculator.Does not change my account balance
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Old Jan 9, 2011, 5:38pm   #26
 
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Re: Is Trading the Same as Gambling?

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Originally Posted by Christiaan View Post
I do not think it matters at the end of the day.If i make money at the end of the day i'm either a sucessfull gambler or a sucessfull speculator.Does not change my account balance
Of course. I'm not criticising your trading ability. We're just arguing semantics and whether anyone thinks poker players, traders or "investors" are degenerate gamblers or not is irrelevant.
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Old Jan 9, 2011, 5:40pm   #27
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It's a personal thing.. If you're a religious person you're everything but a gambler... As for me, I am 100% pure gambler..
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Old Jan 9, 2011, 9:19pm   #28
 
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Re: Is Trading the Same as Gambling?

getting back to the subject
blackjack is a more sure gamble than trading the markets
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Old Jan 10, 2011, 12:14am   #29
 
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Re: Is Trading the Same as Gambling?

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getting back to the subject
blackjack is a more sure gamble than trading the markets
The house always has the edge in Blackjack. The house does not have the edge in poker or trading if you know what you're doing.

It is all still gambling by definition of the word "gambling".
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Old Jan 10, 2011, 3:11am   #30
 
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Re: Is Trading the Same as Gambling?

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Originally Posted by shadowninja View Post
The house always has the edge in Blackjack. The house does not have the edge in poker or trading if you know what you're doing.

It is all still gambling by definition of the word "gambling".
Not since the early 1960s when Dr. Thorp wrote "Beat the Dealer." He eventually went on to make his fortune in trading.
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Old Jan 10, 2011, 4:11am   #31
 
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Re: Is Trading the Same as Gambling?

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Originally Posted by shadowninja View Post
The house always has the edge in Blackjack. The house does not have the edge in poker or trading if you know what you're doing.

It is all still gambling by definition of the word "gambling".
If you're playing poker against a casino the house does have an edge.

If you're playing poker against people/trading against people then you're not betting against the house. They're just taking a cut of you so it's kind of irrelevant.
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Old Jan 10, 2011, 4:13am   #32
 
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Re: Is Trading the Same as Gambling?

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Originally Posted by Emini-mouse View Post
getting back to the subject
blackjack is a more sure gamble than trading the markets
That's rubbish. You can't demonstrate the probability for taking a trade at price x and the % chance it will succeed. I on the other hand can demonstrate the probability you will win/lose/tie in blackjack. For many people they're better off playing blackjack.
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