Is there a difference between trading and gambling? - Page 3

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Thread: Is there a difference between trading and gambling?

          
   
  1. #21
    LINDW4LL's Avatar
    LINDW4LL is offline Senior Member
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    Even the best traders don't "always" win. Assuming winning is reaching the desired result.

  2. #22
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    Winning for me doesn't mean winning every bet or every trade its defined as positive ROI at the end of the year, month, whatever you want it to be. Its ridiculous to think you can win every trade and every bet but as long as you are winning a decent amount of more trades and bets than you are losing you're golden.
    Hidden Content Originally Posted by Tr3vor Hidden Content
    I'd hate to be single at 40 and NOT be banging chicks with daddy issues.

  3. #23
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    H J
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    "Winning" is relative. Turning a profit on every transaction isn't going to happen--that's definitely winning, but impossible. To me, winning is diversifying myself enough to where I profit to a certain mark, whether that mark be hit during a certain time frame, etc. In itself, that also defines trading well. IMO.
    eliminat0r85 and Capital like this.

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    Quote Originally Posted by eliminat0r85 View Post
    Winning for me doesn't mean winning every bet or every trade its defined as positive ROI at the end of the year, month, whatever you want it to be. Its ridiculous to think you can win every trade and every bet but as long as you are winning a decent amount of more trades and bets than you are losing you're golden.
    yup being a winner in the long run is what sets those who do their home work apart from those who dont and think its 'ALL Luck'.

    what games do you play?

  6. #25
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    Quote Originally Posted by H J View Post
    "Winning" is relative. Turning a profit on every transaction isn't going to happen--that's definitely winning, but impossible. To me, winning is diversifying myself enough to where I profit to a certain mark, whether that mark be hit during a certain time frame, etc. In itself, that also defines trading well. IMO.
    I'd agree with that. I thought you meant winning as in 100% winning trades.


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  7. #26
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    Quote Originally Posted by xXExpensiveTasteXx View Post
    yup being a winner in the long run is what sets those who do their home work apart from those who dont and think its 'ALL Luck'.

    what games do you play?
    Texas Hold Em and Sports.
    Hidden Content Originally Posted by Tr3vor Hidden Content
    I'd hate to be single at 40 and NOT be banging chicks with daddy issues.

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    what stakes?

  9. #28
    Eric.L is offline Member
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    Gambling in a casino is designed for you to lose other than playing poker against other players they are all designed for you to lose.

  10. #29
    A.D
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    The only type of gambling I'd compare with trading would be poker. As a regular trader and a casual poker player you experience several similarities with the decision making process, risk/reward scenarios and psychological aspects. It's no coincidence that you see countless hedge fund guys playing high stakes poker.

    The biggest difference between all forms of gambling and trading is that when you place a bet of $1,000 you either lose the $1,000 or win your bet, with trading you can invest $1,000 and pull $900 off the table if circumstances change. That's a pretty significant advantage.

    Also, if you look at sports betting, the best of handicappers will pick at only 59% against the spread. Bookies have the ability and legal right to close your accounts and ban you if you're winning too much money and they don't have to give you an explanation (happens a lot here in Australia, and bookies collaborate and share clients so if you get shut down by one, chances are the rest will close you out as well). In the markets you can trade with a 100% success rate and nobody can stop you.

    One of my favorite sports betting success stories is Bob Voulgaris, and if you follow his twitter you'll see that he rarely finds a bookie in Vegas that'll take a bet of more than $10k. The more successful you are, the more difficult it becomes and he doesn't recommend handicapping as a career to anyone.

    I'm going to assume nobody is making the comparison to casino games here, if so that's a little ridiculous considering the mathematical edge.
    Last edited by A.D; 01-07-2014 at 01:06 AM.

  11. #30
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    Quote Originally Posted by xXExpensiveTasteXx View Post
    what stakes?
    10/20 usually in Sit n go's

    50+ tourneys

    100+ a game
    Hidden Content Originally Posted by Tr3vor Hidden Content
    I'd hate to be single at 40 and NOT be banging chicks with daddy issues.

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