Related Posts
Community Builder
Conversation Starter
More Posts
Happy Weekend fellow dog lovers!
what shoes does everyone lift in ?
Hi
Anyone facing this issue?
For my fellow desi 🐠(M and F both) struggling to get in shape:
Consider looking up this guy for your personal training needs:
https://instagram.com/ahsanactive?igshid=vpw46chl6g60
I have lost 8 pounds already in 5 weeks, and gaining muscle steadily- almost no changes to my very desi food centric-diet. Check him out, you will not be disappointed as long as you stick to his plan for you!
Additional Posts in Option Traders & Investing
What’s does “fill the gap” mean??
Subject Expert
Subject Expert
3/2 - (specific symbols)
Enthusiast
Bowl Leader
Coach
Enthusiast
10/06 Thread (BC):
Visual Storyteller
Coach
Is anyone planning on trading water futures?
Enthusiast
6/16 Thread (BC):
Enthusiast
3/29 Thread (General):
Coach
New to Fishbowl?
unlock all discussions on Fishbowl.
Mentor
It’s not gambling.
It’s taking calculated risks and it’s classy. 🥂
There aren't half naked women walking around serving me free liquor to knock me off my focus. I can choose games with a probability of profit in my favor. I won't get kicked out for winning too much.
Casinos are designed to take the dollar out of your pocket and put it in theirs. You can argue the market is similar, but it is not the same. If you know what you're doing, you win consistently for years. We lionize those people (Buffet, Lynch, others). How many successful professional gamblers have you heard about? If you count cards at a casino (ie have a winning strategy) first they try to get you drunk, next they eject you. At least in the market, you have a chance. At a casino, the outcome was decided before you ever arrived.
Which game would you rather play?
If you think it’s gambling, you’re doing it wrong or don’t know what you’re doing.
In some ways it resembles a pari-mutuel betting system. But it’s not like cards or roulette.
Bowl Leader
💯
At its core, that's what it is... Based on the definition(s), most things in life would be considered a gamble (risks are taken with a chance of profit or loss). Obviously, it's not the same thing as gambling in a casino, especially if you know what you're doing.
The casino has created their own edge against anyone who walks in. Depending on your financial situation, you can create your own edge (several edges really) within the markets (stock, bonds, options, futures).
Most people immediately think of casinos when they hear or see that word though. It's understandable why financial professionals would not want to be associated with it. However, if we're just talking about the basic definition, it's pretty obvious.
I doubt anyone in here wants to claim they can have 100% certainty on any given strategy. If you do, let us know. Profitable investors/traders (pro/non-pro) are taking educated bets, or gambles, based on a variety of factors. And that's ok.
Gambling has fixed and calculable risks eg I’m holding 17, dealing showing a ten, I know what my odds are if I hit / stay given an 8 deck shoe.
Options trading has odds and payouts similar to gambling bets, but the exact calculations are less exact and not precisely known.
Under that context IMO options trading is unsophisticated gambling for the majority of people who do not develop well defined trading models.
If you’re a professional options trading, you’ll have models identifying where there is edge in the market (your estimates of odds are in your favor), then in that case maybe it gets to be called sophisticated gambling.
Mentor
There are trades that are much higher risk, and it's easy to stay away from those. They provide big wins but steady losses. Equivalent to putting $10 on 15 in roulette.
There are trades that are similar to being the house. Odds in your favor, but slightly. Combining Fundamental and Technical analysis can help. But "house" trades that use the combination are better still.
Negative theta trades are betting against the house. You are saying you are smarter than all other investors. You might be right, and they can pay off, but you better have a thesis others don't know about.