Share Market is Gambling!

#1
Hi traders
I know you will get upset with title but this not my statement this my uncle statement(and most people's thought too).Last Tuesday i meet my uncle and tell him i am learning about share market suddenly he replied

"Share Market is Gambling.Its like Cards game.Many of people became mental because of this.so don't enter into market..............................................................."

Most of people think Share market is gambling or cant make money.

SEBI must take action to clear this wrong thoughts about market thats only make more new comers to market to make our economy stronger

Thanks
 

Sunny1

Well-Known Member
#2
how come more newcomers to market will make our economy stronger?
it is utterly wrong thought of yours. public should stay away from market. more public more money more greed and therefore more frauds. public will always loose in stock market no matter what happens. neither public have access to information nor to intelligent required to play this game. Big players expert at looting public of stock market. its different for professional traders and you can go thru all professional traders to how they reached at this stage...you will know its not easy..
 

columbus

Well-Known Member
#3
"Share Market is Gambling.Its like Cards game.Many of people became mental because of this.so don't enter into market..............................................................."
Certainly he must have lost a good amount in share bazzar.The problem is,
people start making these kind of statements after losing.
 
#4
SEBI is in fact doing the opposite firstit removed independent fin advisors by saying no commission leaving the novice investors n to fend themseves instead of guiding them to invest thro financial advisors&show that really money can be made thro non conventinal bank deposit route
 

rajsingh

Active Member
#5
Hi traders
I know you will get upset with title but this not my statement this my uncle statement(and most people's thought too).Last Tuesday i meet my uncle and tell him i am learning about share market suddenly he replied

"Share Market is Gambling.Its like Cards game.Many of people became mental because of this.so don't enter into market..............................................................."

Most of people think Share market is gambling or cant make money.

SEBI must take action to clear this wrong thoughts about market thats only make more new comers to market to make our economy stronger

Thanks
Certainly looks like its affected your/your uncle's mental state..:rofl::rofl:
 
#6
Hi traders
I know you will get upset with title but this not my statement this my uncle statement(and most people's thought too).Last Tuesday i meet my uncle and tell him i am learning about share market suddenly he replied

"Share Market is Gambling.Its like Cards game.Many of people became mental because of this.so don't enter into market..............................................................."

Most of people think Share market is gambling or cant make money.

SEBI must take action to clear this wrong thoughts about market thats only make more new comers to market to make our economy stronger

Thanks
Good Question.

There are 4 billion patterns in chess. No 2 chess games are ever similar just like no 2 trading days are ever similar.

In cricket, an international batsmen has no idea where bowler is going to bowl. Still the top batsmen manage to score runs. Did your uncle said chess or cricket is gambling?

The unknown part in trading which novice traders refer to gambling is the part which needs to be managed after proper training and practice.

Trading is a zero sum game. The 2% consistent winners takes all the money 98% looser offer. In poker also, the winning rate is only 2%.

Hence, the 2% consistent winners are grand winners since they digest all the money which 98% looser offers. This is the reason that someone who is successful in reading the market will end up making quite a lot of money over a period of time.

The success in trading comes through lot of hard work, practice and memorization of patterns which is known as COGNITIVE LOAD. You are feeding your brain through a structured training practice just like in any other profession.

The easy way out is to draw geometrical lines on charts or calculate fibs/pivots or those magical support and resistance. These easy ways may work sometimes but will never work consistently.

Trading just like any other profession needs tremendous training. The challenge is you need to figure out the chaos all your self.

The successful 2% traders don't come on TV or don't sell their services/calls. With practice, they have developed a great ability to read the market, manage the unknowns and extract the profit from the market.

Some one who goes through few hundred/thousand hours of structured training will start reading the market correctly and he/she deserves the monetary reward.

It is interesting to note the monetary reward of a winning trader is coming from the looser. One happiness is another sorrow. But that's how the system works not only in trading but in every other profession.

The grinding hard work, frustrations, disappointments, managing the unknown (which your uncle is referring to gambling), even some loosing trades will see the survival of the fittest which is around 2% and they will take all of it in the worlds most rewarding profession which is trading.;)
 

Raghavacc

Well-Known Member
#7
Good Question.


The easy way out is to draw geometrical lines on charts or calculate fibs/pivots or those magical support and resistance. These easy ways may work sometimes but will never work consistently.
Kingfisher,

Good thoughts.I agreed with all of your points except the above one.For Indians the bouncer is a nightmare whereas for Aussies and Caribbeans its a cake whereas bouncer is the same.

The effectiveness of the tool depends on the user of that tool.The other part you have mentioned about- consistency comes once we go deeply in to the nuances of that tool.

Do note that what works for you may not work for me-That does not mean I can say "IT NEVER WORKS.IT WORKS FOR NONE"...
 

DanPickUp

Well-Known Member
#8
Good Question.

There are 4 billion patterns in chess. No 2 chess games are ever similar just like no 2 trading days are ever similar.

In cricket, an international batsmen has no idea where bowler is going to bowl. Still the top batsmen manage to score runs. Did your uncle said chess or cricket is gambling?

The unknown part in trading which novice traders refer to gambling is the part which needs to be managed after proper training and practice.

Trading is a zero sum game. The 2% consistent winners takes all the money 98% looser offer. In poker also, the winning rate is only 2%.

Hence, the 2% consistent winners are grand winners since they digest all the money which 98% looser offers. This is the reason that someone who is successful in reading the market will end up making quite a lot of money over a period of time.

The success in trading comes through lot of hard work, practice and memorization of patterns which is known as COGNITIVE LOAD. You are feeding your brain through a structured training practice just like in any other profession.

The easy way out is to draw geometrical lines on charts or calculate fibs/pivots or those magical support and resistance. These easy ways may work sometimes but will never work consistently.

Trading just like any other profession needs tremendous training. The challenge is you need to figure out the chaos all your self.

The successful 2% traders don't come on TV or don't sell their services/calls. With practice, they have developed a great ability to read the market, manage the unknowns and extract the profit from the market.

Some one who goes through few hundred/thousand hours of structured training will start reading the market correctly and he/she deserves the monetary reward.

It is interesting to note the monetary reward of a winning trader is coming from the looser. One happiness is another sorrow. But that's how the system works not only in trading but in every other profession.

The grinding hard work, frustrations, disappointments, managing the unknown (which your uncle is referring to gambling), even some loosing trades will see the survival of the fittest which is around 2% and they will take all of it in the worlds most rewarding profession which is trading.;)
Hi

I do not agree with every point you say, as some of them are thoughts, which are never looked at in a more specific way:

http://www.traderji.com/technical-analysis/55465-i-will-give-you-surprise-17.html#post572085

Tc

DanPickUp
 
#10
Share Market is very interesting market. One can earn lots of money in very short time by investing money in Share market. Share Market is very profitable market but yes, it is risky market.....
 

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