http://news.bbc.co.uk/1/hi/uk/2729659.stm

Might appeal to "proffesional gambler" Skim

Want to bet on it Henry?

Traders are professional gamblers in a way

[quote=Miki]Traders are professional gamblers in a way

Having read your cloaked pleas for employment on your other thread I wonder if your response is yours or your "Mentors".
Despite many claims to the contary trading is a form of gambling.
Playing poker online successfully requires a considerable amount of skill (knowledge) and many traders would benefit from learning and employing the disciplines required to be profitable.

MikeandPete,

Im not too sure how to take your post, as it was not worth writing. The response is fully mine, not my mentor.

Pleas for employment? I am just interested in my career options, as i would like a job in the stock field. I already work full time, thankyou.

"Despite many claims to the contary trading is a form of gambling", no. If you see YOUR trades as a gamble, ide say that you dont do so well, or you lose alot of money, you should never gamble. If you see your trades as a gamble, i think you are best advised to stop now, before your losses get out of hand.

"Playing poker online", not sure what poker has to do with buying shares, but poker is gambling, and you should only play it for fun! Or if you want to give money away.

Buying or selling shares is not gambling, some people buy shares just to be a share holder, other people buy shares to get the benefits of being a share holder, then they will sell the shares when they like, as they may not of been trying to make a profit, and some people buy shares to gain some control of the company, some people, like me, buy shares for long holds, for up to 2 years. People buy shares for lots and lots of different reasons.

The bank may not loan you 30,000 pounds, because they see you as a "risk". But they will pump millions of pounds into a stock, so, again, if you are seeing your trades as a gamble, please educate yourself further, or stop.

"Despite many claims to the contary trading is a form of gambling", to save you lots of time and hassle, simply look up the definition of "Gambling", and the definition of "Investing", and that solves that one.

Have a good day.

Thanks

Matt

How you see your trades is not relevent to the fact that it involves risk and risk means a gamble. Also your examples only talk of buying and selling shares but trading involves currencies, futures and many other instruments. The only time that risk does not involve gambling is when you engage in activities that have none. Personally I dont see what the problem is, I would have no issue with being called a professional gambler and I am sure many others wouldnt either.


Paul

DEFINITIONS? Don't tell me about gambling and the markets! If there was one person in each market who knew every twist and turn on every time frame, for definate,.......the markets would end!

The markets only exist through not knowing and opposite thought. The person in this world who is so absolute about the markets can only exist within certain times and markets.....for there is much unknowing.

Quote: Me!

Everybody who is anybody knows enough. But, not enough to rule in absolute. That is your character. The market thrives upon that, you do not know. How else would it work?

Quote: Me.

Now,.....tell me about not gambling?

Quote: Me.

Oh, and by the way. Unless you are a professional trader,........don't bother!

Merged just for old times' sake you understand Rudeboy. A Happy New Year to you.

Aww bless

Trading and poker are both games of skill that involve probabilistic outcomes. Although "game" when applied to trading is a somewhat flippant term, as we are also talking about a relentless war for profits (also the case for professional pokerers ).

Oh, and another thing. For all you spare bedroom traders out there? Who is under more pressure? How many catorgories can we split, let me start. Professional: It's not his money, but his second chance may not be as real as somebody who trades thier own money? I can see the answers now,.......but, who's money do you ever want to lose? You are good,.......or you are bad!