fxwinner22
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true, but still a gambler
Crap Buddist
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Hmm what about those blackjack players with worldwide bans in the casino's?
Clearly the industry didnt see it as pure chance, or betting on an unknown outcome. That suggests they ,the pro card counting teams have taken it beyond gambling doesnt it, if they can repeatedly make millions to the point that they get banned ?
They took it more towards speculation, maybe beyond, leveraging probabilities when in their favour or something. What the taxonomy
of that is I dont know.
But gambling doesnt fit it, its not definitive. Because it goes beyond chance, ie its not a 50/50 either or could be one or the other , they know over the next trials of x, to pile in and scoop up.
But essentially doesnt matter what we call it as we each associate to words with our unique individual frame of reference.
So I wouldnt class pro blackjackers as gamblers, alongside roulette players, for instance.
But blackjacks a gambling game, so its a bloody gamble then ? lol. I dunno.
Gamble smamble.
hmm ok is there a stigma attached to being a gambler ? is this the worry of the friend , you gamble therefore you are what ? a lower class human or something ? dirty? out of control, no responsibility ? what other people could really mean is, god wish I was free enough to have a gamble.
The whole worlds practically gambling, look at all that online bingo being pumped out to the nation today on the TV. ? Game channels, quizes.
Everyones doing it, for it to be a nasty label or association these days I think.
Clearly the industry didnt see it as pure chance, or betting on an unknown outcome. That suggests they ,the pro card counting teams have taken it beyond gambling doesnt it, if they can repeatedly make millions to the point that they get banned ?
They took it more towards speculation, maybe beyond, leveraging probabilities when in their favour or something. What the taxonomy
of that is I dont know.But gambling doesnt fit it, its not definitive. Because it goes beyond chance, ie its not a 50/50 either or could be one or the other , they know over the next trials of x, to pile in and scoop up.
But essentially doesnt matter what we call it as we each associate to words with our unique individual frame of reference.
So I wouldnt class pro blackjackers as gamblers, alongside roulette players, for instance.
But blackjacks a gambling game, so its a bloody gamble then ? lol. I dunno.
Gamble smamble.
hmm ok is there a stigma attached to being a gambler ? is this the worry of the friend , you gamble therefore you are what ? a lower class human or something ? dirty? out of control, no responsibility ? what other people could really mean is, god wish I was free enough to have a gamble.
The whole worlds practically gambling, look at all that online bingo being pumped out to the nation today on the TV. ? Game channels, quizes.
Everyones doing it, for it to be a nasty label or association these days I think.
SmartTrader
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Are Casinos Gambling or are they a Business?
Why do casino's make so much money? They're involved in the gambling business, yes?
They win because they're the house, and they get to change the rules so that the games favour them. If you're the casino, the more money being gambled at your tables, the more money you make at the end of the year.
The thing with trading is that you can put the odds on your side. That's your trading edge.
If you look at an individual trade, essentially yes, the outcome is uncertain. But if you have a system that generates profit after a series of trades, are you still a gambler?
And the point is this, whether trading is gambling or not isn't the main issue. It's just a psychological trick that we allow other people to play on us.
Whether trading is gambling, or it isn't, like fxwinner22 said, get over it.
Thinking that trading = gambling isn't going to help you become a more successful trader one bit. If you know you have no chance for success, then why even attempt it? Give it up, and find something better to do with your life. Unless you're trading (or gambling) for the thrill of the highs and lows.
The best way to prevent trading from turning into gambling is to start treating it like a business. Don't plunk your money into just any trade. Have a trade selection criteria, eg. if you have 10 trades that meet your trading set-up, take only those that have the best risk:reward ratio, for example.
Stop looking at hitting that home run with one trade, but look at the long term picture of what it's most likely going to be after a series of trades, or after a length of time.
If you approach trading as you would starting a business, then it's much easier to prevent trading from turning into gambling.
Why do casino's make so much money? They're involved in the gambling business, yes?
They win because they're the house, and they get to change the rules so that the games favour them. If you're the casino, the more money being gambled at your tables, the more money you make at the end of the year.
The thing with trading is that you can put the odds on your side. That's your trading edge.
If you look at an individual trade, essentially yes, the outcome is uncertain. But if you have a system that generates profit after a series of trades, are you still a gambler?
And the point is this, whether trading is gambling or not isn't the main issue. It's just a psychological trick that we allow other people to play on us.
Whether trading is gambling, or it isn't, like fxwinner22 said, get over it.
Thinking that trading = gambling isn't going to help you become a more successful trader one bit. If you know you have no chance for success, then why even attempt it? Give it up, and find something better to do with your life. Unless you're trading (or gambling) for the thrill of the highs and lows.
The best way to prevent trading from turning into gambling is to start treating it like a business. Don't plunk your money into just any trade. Have a trade selection criteria, eg. if you have 10 trades that meet your trading set-up, take only those that have the best risk:reward ratio, for example.
Stop looking at hitting that home run with one trade, but look at the long term picture of what it's most likely going to be after a series of trades, or after a length of time.
If you approach trading as you would starting a business, then it's much easier to prevent trading from turning into gambling.
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