Alright…bud…Whatever fancy comes handy to you…go ahead…and your faux username suggests the same…I should say @trader_dude
really? Whatever fancy comes handy to me? thats your best comeback?
People are still asking for your contract notes. you should pay more attention to your thread.
U don’t worry about my contact notes …I know when and where to post them…sir…so better mind your business… alright
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Mind my business. This is my business. so you are correct in saying i am minding my business.
Again , why you shy away from posting contract notes?
if you know when and where to post them, then why don’t you post them?
I still don’t see them.
It is also very shameful of you to cook the books , its because of crooks like you that people lose money.
Absolutely disgusting.
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Wait who’s telling me…Mr incognito man…now I know whats ur business… blaming others ,lamenting and plastic criticism…not your man Mr incognito…kudos…@trader_dude…and I didn’t say I cook the books ,it’s what happens …open up those fatty incognito eyes of yours…you may still go ahead continuing your silly business…spare me I don’t have time to waste…so good luck
bro,
i am saying for positional or day trading both, there must be a reason why you took the trade.
for a professional it doesn’t mean to get all profitable trades, but to increase understanding the market.
if you trade understanding the market or a specific stock, it’s business.
many a factors works best in day trading, some of them are solid, trader just have to un-turn the hidden within them.
a to be traders we all have seen there have been many events, which works wonder intra-day, but have zero effect in positional.
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@vijender88 There is no use of any explanation to him bro…he keeps on beating around the bush.no matter what you prove.
nothing to prove. we all are student here, we need to learn from each other.
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This is the correct statement everybody including @trader_dude has to accept. There are no final and definite answers in stock market. Be it trading or investing.
Well, for this discussion first we need to assertain what gambling is exactly. So by definition : Gamble (verb) take risky action in the hope of desired result.
If any thing that we do on the basis of probabilty is considered as gambling, then life in itself is a gamble. We ride our bike or drive car on street, thats a gamble too. We undergo surgery in our life, thats a gamble too. So, whatever we do has a prbability ratio attached to it. Even a satellite that is going to be launched has a probability number to it to whether it will reach deisred course or break down just after launching.
Now many say trading is a zero sum game, I would say trading is negetive sum game because we must consider slippage and transaction charges along with losses or profits.
Almost all the games in casino is considered gambling. But in aug 21 2012, there was a judgement in a new york court, saying poker is not gambling. The judge’s reason: poker is more a game of skill than a game of chance, so game operators should not be prosecuted under the federal law the prohibits running an illegal gambling business.
In casino what people do is gambling but what casino or the house is doing is not gambling but running a business. Why is that the house or casino that is on the opposite end of the player running a business and not gambling. Because the edge on the games that casino runs is favored towards them. That is the reason on the loing run the casino or the house is always profitable.
let’s consider how gambling goes on, I place a bet of 100. so the if the payment ratio is 1, then either i will win another 100 or lose the entire 100 amount.
let’s consider in trading, I buy an instrument for 100. now i am in full authority to limit my losses to say 5 units and take back my 95.
The ratio varies according to us. So if you consider trading to be gambling then you are the casino or the house because it is upto you to cut your losses or profit. So in the end its the business you are running and not gambling.
Trading is game of skill and not game of chance.
Traders look to take advantage or short term price discrepancies in the market.
Gambling is nothing more than luck.Some gamblers believe that the odds can be beaten, but they are wrong. They get excited about the potential for a big win and get caught up in the glamour of the casino, and soon the odds go to work and drain away their stakes.
But, as before, perhaps the only conclusion we can draw from this is that like most everything else in life, it comes down to the individuals involved. If you are a complete beginner in trading then gambling is no different for you. There may be more serious traders than gamblers, and there may be more weekend gamblers than inexperienced traders.
And everything we understand or do depends on the person’s point of view.
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Contradictions do not exist. Whenever you think you are facing a contradiction, check your premises. You will find that one of them is wrong.
Any Rand
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No one is more hated than he who speaks the truth…!
Plato
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Intraday trading is pure gambling unless there is some good news about the company ,even then i will say it is gambling because if say tatasteel reports are exceptionally good and the stock has a gap up opening and most people buy it expecting it to move further and then it stays flat
BUT
OPTIONS Trading are not… its purely based on strategy
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Thank you for concern about intraday traders who lose their capital investing in share market
I agree trading is pure gamble where you try to make money using your skills.
Even though we have same view about share market I differ from your stand on retailers ban from derivatives
Following points may not relate to this thread but it is my reply to @trader_dude about SEBI move to ban retailers from derivatives segment (i dont care about futures, I talk only about options below)
I agree that intraday trading is risky and people do lose money due to greed in intraday trading
But why SEBI should ban derivatives trading if retailers are losing money in intraday equity trading ?
I also agree there is a 50/50 chance in all trades and it may go in either direction. Stop loss is there to limit the loses. There is BO and CO orders where we can predetermine the max loss or profit.
I also agree options trading can easily wipe out your entire investment if you start trading without stop loss or without learning about options strategy. This is applicable for both retailers and those trading with huge amount of money
My point is if the trader is greedy they may lose their investment whether it is retailers or big shots.
Why there is partiality between retailers and big traders by SEBI ?
This move does not stop retailers from losing money in intraday equity trading.
From my point of view, this move encourage more intraday trading that provides more leverage and more people will fall victim to loses and lose more money on revenge trading
On the other hand there is no intraday trading in options buying. The trader has time till expiry to square off their position.
Implementing an option strategy allows them to make predefined profit or loss with low risk than intraday trading.
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Trading is news based gambling. Look at tips provided by business channels early in morning everyday. These tipped stocks opens high and there is no scope for retail investors. Positional trading with trend can make some money consistently for you.
milind
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Many of the people here who say trading is gambling dont understand how to trade. They are not good in trading and probabilistic thinking.
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If a trader is making money, there is valid reason to convince relatives and friends what you are doing is not gambling,
If a trader is loosing money, relatives and friends would just judge that what you are doing is gambling and waste of time.
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Don’t u think u r conflicting urself by saying so…
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