Results 11 to 20 of 34
01-05-2014, 10:24 AM #11
^+1 LOL"Remember who's putting bread on whose table"
01-06-2014, 05:37 AM #12Member
- Join Date
- Jun 2011
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.
01-06-2014, 05:44 AM #13
Sponsored Links Remove Advertisements
01-06-2014, 05:46 AM #14
Trading is only gambling if you're unaware as to how the market works. If you trade well, you always win.
01-06-2014, 05:59 AM #15
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.
v. gam·bled, gam·bling, gam·bles
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.
01-06-2014, 06:13 AM #16
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...
01-06-2014, 06:16 AM #17
01-06-2014, 06:18 AM #18
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."
01-06-2014, 06:19 AM #19
01-06-2014, 06:21 AM #20
^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.