FAQ Is Trading the Same as Gambling?

[forker]

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

 

[the hare]

Its gambling.

Motörhead - Ace Of Spades Live(Stage Fright) - YouTube

win some some, lose some its all a game to me.....brilliant.

 

[tanalysis]

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.

 

[Dasart]

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.

 

[Dasart]

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.

 

[neil]

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.

 

[Dasart]

the question is it the same, not like.

 

[neil]

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:whistling

 

[TJZ]

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.......

 

[Club]

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!

 

[juniorh]

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.

 

[Jason101]

No it’s not at all like gambling, (like I tell my wife)

 

[TJZ]

Anything you put a stake on with less than 100% certainty is a form of gambling no matter how you look at it.

 

[Emini-mouse]

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

 

[NVP]

Is Trading the same as gambling ?

who cares ?

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

N

 

[LuKOs.ro]

The only difference between gambling and trading is than when trading you can tilt the odds in your favor. When gambling, the odds will always be with "the house".

You can argue that fees, commissions, slippage, vig, volatility chip away some of your odds, but they become negligible if you are a long term investor.

 

[fiftyfifty]

If you know what your edge is then it's not gambling, if you don't know what it is then gambling is exactly what you are doing

 

[traderjones2]

Trading surely not gambling, because in gambling the owner of casino but their % of win and it's not depend on you, in trading depend on you knowledge, not by luck

 

[Johnnyalpha8]

'Trading' is such a general term, and could mean anything.

Some more specific questions would be:-

#1 Does the stock-market have an upward bias over the long term?
Yes.

#2 Is the 'Turtle trading system' gambling (does it produce random results).
No.

Both of these answers are backed up by hard evidence-:

 

[Futures Hunter]

Trading is Worst than Gambling, why ?

1)You place your bet, you set the stop. If you don't have stop. you lose all $ in 1 bet. Mean you showhand on 1 trade

2) When you got profit, you dun take, it become a loss. Unlike Gambling, you win, you take the win & carry on the next bet