Right hitesh bhai…It’s very tough job.
But there is a difference between ‘just a Gambling’ & ‘Professional Gambling’. like there is a difference between ‘just a trading & professional trading’. Be it professional Gambler or trader both have to go through lot of hard work, patience, dedication…like
If you put such efforts on becoming IPS officer, there is some certainty that you would clear exams. But tell me is there any guarantee that you study hard about markets & become very successful trader…? ( I am not considering other aspects like technical analyst, portfolio manager or other fields. Just a day trading here…)
What is gambling…? for me it’s like you bet/risk something on future event whose outcome is unknown/uncertain.
You bet on horse riding, outcome is unknown.
You bet on cricket match, outcome is unknown.
You bet on coin flip, outcome is unknown.
You place an order in trading, are you sure about outcome…?
Trading itself is a game of probabilities. We bet on chances. If it works we book profit otherwise we have to book loss. Even when I study hard, I can’t make market move in my favor because market moves are uncertain…right…?
So it’s like I bet ( or trade) on uncertain market moves. But here is a twist. I study instrument, risk management, money management, some technical analysis so that I create a trade plan with positive expectancy & make odds in my favor in the long run.
I don’t think we should hate a word gambling. Not just trading, but there is a gambling everywhere. Biggest gambling that I feel arround is ‘marriage’. Do we know the person whom we have to spend rest of our life with…? It’s a gambling. If it works we see a beautiful couple together, if it doesn’t just ask a divorced person. He/she would say I gambled my life, time, money on this marriage and lost everything.
Even If I am a skilled bike rider, I have a control only on my bike not on other’s bike. What if I go for riding and some rider crashes hard with me…? It’s like I gambled my life by riding on roads which is full of uncertain people…
Instead of avoiding this word gambling, I want to ride with it… 