Are you a trader or a gambler? Take the test.

There is always a huge debate whether trading is gambling.  And by gambling I mean random. Trading is not gambling for me because I can improve, I can help my odds, and I am fully aware and understand the risks.

 

What are some of the other differences between trading and gambling?

 

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  • Anonymous

    This is a fantastic post. Have never seen a concise table of a mindset poised for success compared with one that isn’t.

    My question is: Why does gambling take such a bad rap? Poker players are gamblers. I noticed a trend a few years ago of bloggers talking up the analogies between poker and trading. Some of the articles made a lot of sense. Rather than counter-pose trading and gambling, why not look at the similarities between good “players”?  There are good traders and bad traders. Or, I should say, there are profitable traders and unprofitable traders. Just as there are profitable gamblers and unprofitable gamblers.

    • A trader learns, adapts, and is responsible for their actions.  A gambler works on chance.  I do agree that poker players get a bad rap.  If I sat down and played poker I would be gambling, much like if a professional poker player was trading.  

      I knew that gambling would have the connotation of poker, I tried to address that in the first paragraph but I knew that if I wrote successful vs not successful the audience would have been smaller.  Additionally I think it would be a much longer list.  A list I am writing about.

      Thanks again for the comment.

    • poker can be the same as trading and you can use the same list shown above, in my opinion. in other words poker does not have to be considered gambling  

3 Responses to Are you a trader or a gambler? Take the test.

  1. Anonymous says:

    This is a fantastic post. Have never seen a concise table of a mindset poised for success compared with one that isn’t.

    My question is: Why does gambling take such a bad rap? Poker players are gamblers. I noticed a trend a few years ago of bloggers talking up the analogies between poker and trading. Some of the articles made a lot of sense. Rather than counter-pose trading and gambling, why not look at the similarities between good “players”?  There are good traders and bad traders. Or, I should say, there are profitable traders and unprofitable traders. Just as there are profitable gamblers and unprofitable gamblers.

    • Eradke says:

      A trader learns, adapts, and is responsible for their actions.  A gambler works on chance.  I do agree that poker players get a bad rap.  If I sat down and played poker I would be gambling, much like if a professional poker player was trading.  

      I knew that gambling would have the connotation of poker, I tried to address that in the first paragraph but I knew that if I wrote successful vs not successful the audience would have been smaller.  Additionally I think it would be a much longer list.  A list I am writing about.

      Thanks again for the comment.

    • poker can be the same as trading and you can use the same list shown above, in my opinion. in other words poker does not have to be considered gambling  

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