Is there a difference between trading and gambling? - Page 2

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Thread: Is there a difference between trading and gambling?

          
   
  1. #11
    unitix's Avatar
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    ^+1 LOL
    "Remember who's putting bread on whose table"

  2. #12
    Eric.L is offline Member
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    I'm a pit boss in a casino and I think gambling takes a lot more from people than trading. I think that trading is a lot more of a calculated risk than gambling. I've seem people lose houses and business to gambling I'm sure that goes both ways but working in the industry you see people's fortunes start to dwindle. The bets get smaller their hygiene gets worse and they are at the casino a lot more often. In the long run the casino will always win.
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  3. #13
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    Quote Originally Posted by Eric.L View Post
    In the long run the bank will always win.
    fixed
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  5. #14
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    H J
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    Trading is only gambling if you're unaware as to how the market works. If you trade well, you always win.

  6. #15
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    By definition, trading is a form of gambling. All businesses have an uncertainty/gambling element. If you're comparing a knowledgeable trader to someone playing a slot game- trading is obviously much less of a gamble.

    At the end of the day, whether your at a casino playing Blackjack, or trading equities, there are ways to increase the probability of success.


    gam·ble (gmbl)
    v. gam·bled, gam·bling, gam·bles


    1.
    a. To bet on an uncertain outcome, as of a contest.
    b. To play a game of chance for stakes.

    2. To take a risk in the hope of gaining an advantage or a benefit.

  7. #16
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    To me the biggest difference is you can't leave money in a gambling position. If I put 10k on a stock today, then tomorrow it drops to 5K I can leave it alone and hope it goes back up again.
    Madness takes a toll. Please have exact change...

  8. #17
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    Quote Originally Posted by MX304 View Post
    To me the biggest difference is you can't leave money in a gambling position. If I put 10k on a stock today, then tomorrow it drops to 5K I can leave it alone and hope it goes back up again.
    true, but hope isn't a strategy

  9. #18
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    great def. for success in markets:
    "Success in the markets is not about instinct, divine inspiration or spontaneous intellectual combustion. It is about intelligent data processing, sound method and the management of risk and resource that is both effective and adaptive to change."

  10. #19
    Capital's Avatar
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    Quote Originally Posted by H J View Post
    Trading is only gambling if you're unaware as to how the market works. If you trade well, you always win.
    always is too strong a word when you're dealing with the future/uncertainty

  11. #20
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    ^If you don't always win, you don't trade well.

    Large-scale success in the markets is learning how to ride the waves of manipulation.
    McLaren likes this.

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