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| Discuss Define Speculation & gambling at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Dear Friends, I often come across People commenting "Speculation & Gambling" while trading ... |
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#1
7th April 2007, 06:07 PM
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Define Speculation & gambling
Dear Friends,
I often come across People commenting "Speculation & Gambling" while trading in stocks. Could you define the meaning of both in general & then in particular with respect to trading in shares, without any ambiguity,so that even a lay man could understand the difference if any,preferably with an example. If they are different,how these actions affect an individual,both psychologically & materialistically. Happy trading. ranga 
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#2
7th April 2007, 06:24 PM
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Re: Define Speculation & gambling
Only difference between Speculation and Gambling is risk management.
The word Speculation means--"to look-after"(risk)
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#3
7th April 2007, 06:32 PM
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Re: Define Speculation & gambling
Speculation: 1. Sending your kids to school, hoping they will pass! 2. Hoping that your 8:20 bus will come on time, and you will reach your office by 10.
Gambling: 1. Sending your kids to school, hoping they will end up in MIT. 2. Hoping Ash will give you a ride at 8:20 and you will reach office, half an hour earlier! ss  Last edited by sunil saranjame : 7th April 2007 at 06:34 PM. Reason: r
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#4
7th April 2007, 07:55 PM
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Re: Define Speculation & gambling
Hello Mr Rangarajan
Speculation in financial market happens for price discovery for an asset. It is more of scientific and based on well established theories and techniques. Whereas, the gambling is based on hunch and doesnot have any scientific approach. In speculation you know your risk tolerance and exit with small profit or loss, whereas in Gambling your capital is lost, if your hunch is wrong. I trust, I am right in my explanation. C T Ramesh Raja
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#5
7th April 2007, 08:47 PM
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Re: Define Speculation & gambling
Dear Mr.Ramesh Raja,
Welcome to this eminent forum. If you are the same RR who gives daily trading levels for Intraday Trading at 'icharts.com',pl accept my compliments for the Amazing accuracy,with which the shares behave at yr levels esp at Break down & Break out to reach the targets.This is available FREE at icharts & members may visit & experience the thrill themselves. Readers may pl refer to my thread on "Break out & B.D levels for stocks"where Traderji had given some useful tips aswell. Coming back to yr reply,i wonder why not the same risk tolerance & exit could not be applied for Gambling aswell & why wait till the capital is lost. Happy trading, ranga
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#6
8th April 2007, 04:16 PM
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Re: Define Speculation & gambling
i am commenting....all defn and explanation excellently expressed..
beautifully illustrated.. gambling..more on instinct driven, achieving fun or excitement..at the cost of time and money... speculation:..ultimate goal of daytrader.. he knows risk involve, ultimate odd normally taken on known stock..where due to superiority of knowledge risk is less, as chance factor is there,he is prepared to SAVE MONEY, EARLIEST SIGNAL KNOWING HE IS WRONG.. NOTE. we aim to speculate, but turn to gambling. due to internal conflict thus go through roller-coaster... crash land or safe land depending upon luck oilman5
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#7
8th April 2007, 04:29 PM
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Re: Define Speculation & gambling
Quote:
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#8
8th April 2007, 04:47 PM
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Re: Define Speculation & gambling
Mr Ranagarajan
I am the same C T Ramesh Raja and I am only posting my Breakout Technical System for day trading in icharts.in. I am willing to help daytraders herealos with the same set of levels. Since I am new to this Forum, I do not know how to do this and will the people here accept me. I Also do not know the moderator of this forum and going forward with my association here, I will be become more comfortable. Thanks for your nice words.
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#10
9th April 2007, 09:19 AM
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Re: Define Speculation & gambling
Hi,
Result manifestation in both Gambling = absolute Random; Speculation = A pattern in Random;(This yr the Science Nobel prize is given to an Economist ,where he showed there may be a definite pattern in Randomness). Asish NB: Nasem Taleb's Book "Fooled by Randomness" has very well depicted the conflict in stock trading. Last edited by uasish : 9th April 2007 at 09:25 AM.
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