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; Originally Posted by Successful_Trader Trading is not the same as gambling... a dumbass can make money gambling on a fluke, ...

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Old Sep 13, 2011, 8:18pm   #61
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Quote:
Originally Posted by Successful_Trader View Post
Trading is not the same as gambling... a dumbass can make money gambling on a fluke, but to be a profitable trader long-term it's not a one- or two-time thing... you actually have to have a tested strategy and execute it well. In short, you gotta know what you're doing... Definitely this is much more serious than gambling.
A dumbass can just as easily make money trading from luck.. Your description of trading is no different than gambling. I think you're in denial
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Old Sep 13, 2011, 10:28pm   #62
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Re: Is Trading the Same as Gambling?

Its gambling.



win some some, lose some its all a game to me.....brilliant.
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Old Sep 29, 2011, 5:02pm   #63
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Re: Is Trading the Same as Gambling?

When you are trading stocks in long term it should not be a gambling:
1) You are investing in some stock cause you have estimated it is good stock and that company will have good progress in future.
2) Gambling is game with zero sum, which means that someone need to lose in order to someone to win. Investing in stocks is not like that. Everybody can win, company is working good, making a profit, so you are a satisfied stockholder.
3) If company generates profit you can expect dividend (dividend in stocks is topic for it self)

But 90% of people are not investing long term, everybody wants "quick money" and that is gambling.
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Old Sep 30, 2011, 3:54am   #64
 
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Re: Is Trading the Same as Gambling?

not the way I do it. not even close...

Okay so we break a resistance level, and then we get a pullback to support. 9 out of 10 times it goes up from that point. With indicators, candles, timing and instincts you will be wary of that 1 in 10 times it does not work.

Gambling like in craps. You have no idea at all what that actual outcome of that next throw will be. Yes it most likely will be 7, but that's about it. That's when statistics play the main role.

So both are more likely to 'hit 7', but that's about it.

The key is to know your resistance and support levels, understand where retracement makes the most sense, use your indicators, follow the trend you are in and then look for that entry candle or crossing of indicators.
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Old Sep 30, 2011, 3:56am   #65
 
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Re: Is Trading the Same as Gambling?

ps.

discipline
have a specific plan (i.e. 2 trades for one point each per day)
and work on the mental.
there will be loses, but you don't ever have to lose the day.
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Old Sep 30, 2011, 11:09am   #66
 
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Re: Is Trading the Same as Gambling?

Of course trading is like gambling: Bookies win.
Traders search for the grail from Vendors. Therefore Vendors win.
Like a racecourse the periphery of the actual racetrack/trade activity is surrounded by noise and hype; racecard markers/vendors/signal providers/guru's etc.
Successful traders? There are a few but they have worked hard at watching charts and markets; tried their hand at forecasting; managed stops (knowing what they could lose before commiting to the fray); managing money and information; patience and a good "bull****e"detector. Plus, a hard earned skill at sifting all kinds of information based on the theory that less=more.
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Old Sep 30, 2011, 2:26pm   #67
 
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Re: Is Trading the Same as Gambling?

the question is it the same, not like.
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Old Sep 30, 2011, 8:12pm   #68
 
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Re: Is Trading the Same as Gambling?

Quote:
Originally Posted by Dasart View Post
the question is it the same, not like.
Of course trading is like/ is the same as- gambling: Bookies win. Etc.........as my earlier post
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Old Sep 30, 2011, 8:54pm   #69
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Re: Is Trading the Same as Gambling?

Quote:
Originally Posted by forker View Post
A dumbass can just as easily make money trading from luck.. Your description of trading is no different than gambling. I think you're in denial
Agree 100%. I was told recently about a gentleman who put £2000 in a spreadbet account and turned it in to nearly £200000 in a very short timeframe. This guy had never traded before and (if the story is true) obviously had a lot of luck weighted in his corner along with seriously huge stakes.

The scary thing is I also heard most of it has now gone back to the broker.......

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Old Oct 6, 2011, 9:48am   #70
 
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Re: Is Trading the Same as Gambling?

Trading is gambling until you use a stop loss.

By palcing a stop loss on a chart you must have quantified your risk, decided when to get out if things go wrong and therefore had a plan.

The similarities are that for some people, they both rely on luck!
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Old Oct 6, 2011, 4:09pm   #71
 
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Re: Is Trading the Same as Gambling?

Fortunately for spread-betters the UK government sees trading as pure gambling from a tax perspective. George Osbourne expects that the house (spread-betting firms) will win a high percentage (>90%) of the time and, thu,s most punters would not have any profits to pay tax on.

Strange how they came to that conclusion so early on. Even stranger how it has turned out to be so true.

Last edited by timsk; Feb 6, 2012 at 4:31pm. Reason: Housekeeping - removed quote of the OP.
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Old Oct 8, 2011, 12:19am   #72
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Re: Is Trading the Same as Gambling?

No itís not at all like gambling, (like I tell my wife)
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Old Oct 8, 2011, 7:37am   #73
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Re: Is Trading the Same as Gambling?

Anything you put a stake on with less than 100% certainty is a form of gambling no matter how you look at it.
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Old Oct 8, 2011, 4:17pm   #74
 
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Re: Is Trading the Same as Gambling?

Quote:
Originally Posted by TJZ View Post
Anything you put a stake on with less than 100% certainty is a form of gambling no matter how you look at it.
or 100pc impossibility
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Old Oct 9, 2011, 6:29am   #75
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Re: Is Trading the Same as Gambling?

Is Trading the same as gambling ?

who cares ?

your either making money or your not..........the title is just semantics

N
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