How do you guys deal with this?....Intraday trading = gambling | Traders Hideout


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How do you guys deal with this?....Intraday trading = gambling

  #28 (permalink)

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Seahn View Post
The way I see it is:

If you don't know what you are doing because of lack of knowledge, experience etc. then trading is definitely gambling.

If you know what you are doing and have proven it with a meaningful track record then it most definitely is not gambling.

Successful traders are not gamblers, their "bets" are taken when the odds are overwhelming in their favor, knowing then that is the case is the hard part. You can tell if someone is not there yet when they start calling trading gambling.

Just my two cents worth...

I vote this as the most no-nonsense quote in the thread

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