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Is Trading Gambling?

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Manage episode 513459483 series 3593036
Content provided by Dave Mabe and Michael Nauss. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dave Mabe and Michael Nauss or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, we tackle this popular question. Dave polled several traders he coaches and got some surprising answers.

  • How much is trading like, say, poker, or something that is even more up to chance?
  • Even starting a business can be called gambling if defined purely as "risking money on uncertain outcomes."
  • Does having an edge make trading less like gambling?
  • In a casino, is the house "gambling" because it has a strong edge?

What's your take?


---

Before you go!

If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course.

I hope to see you there!

  continue reading

62 episodes

Artwork
iconShare
 
Manage episode 513459483 series 3593036
Content provided by Dave Mabe and Michael Nauss. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dave Mabe and Michael Nauss or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, we tackle this popular question. Dave polled several traders he coaches and got some surprising answers.

  • How much is trading like, say, poker, or something that is even more up to chance?
  • Even starting a business can be called gambling if defined purely as "risking money on uncertain outcomes."
  • Does having an edge make trading less like gambling?
  • In a casino, is the house "gambling" because it has a strong edge?

What's your take?


---

Before you go!

If you're a trader and interested in backtesting and automating your trading strategy and don't know where to start, I want you to stop what you're doing and head on over to davemabe.com to sign up for my free backtesting email course.

I hope to see you there!

  continue reading

62 episodes

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