UnicornLogicFraud 

Whats the difference between trading or gambling, since no one knows where the market might go?

Trading requires discipline, knowledge, experience, and skill. It's a learning process that involves continuous improvement and adapting to changing market conditions.

While some forms of gambling may involve skill (like poker), most gambling activities are based on luck, and the outcomes are not influenced by the players' actions or decisions.

UnicornLogicFraud 

Whats the difference between trading or gambling, since no one knows where the market might go?

Same could be said about many other comparisons.

Both about risk taking. Not much else.

The difference between trading and gambling is that the trader has a definable edge.

If you don't have an edge you are gambling.

TheBenefactor 

Mike and all, I don't know how many of you ran or worked for one of the largest hedge funds on the planet. I have made millions of dollars (over and over). Without the gamblers I would be driving a truck. Most of you will hate me for this: In the business, we LOVED GAMBLERS. Think of me as Steve Wynn, except I can do this from home and don't need to spend $300 Million on a big building and hire pretty waitresses to get you guys oiled up so you can dump all your money into my bank account. Steve sells $29.00 books on how to beat the dealer. Larry Williams (I know Larry well) recognized this very early and wrote "How I made $1 Million dollar trading commodities last Year" Richard Dennis started the Turtles, hiring only gamblers by the way. I love people who think they can come into a chat room and pick up the holy grail for free. They have an addiction. When I was seriously trading, thousands of contracts, millions of shares each day, DO YOU THINK I HAD ALL DAY TO POST CRAP ON WEB SITES TO HELP LITTLE TRADERS TRADING THEIR KIDS COLLEGE fund. I never posted anything. Didn't have time. At night, we flew out big time clients from the NY heliport to my home in East Hampton. No time to help the little guy. I am 70 now. For fun I trade maybe 5 to 10 contracts, and I have some time to post stuff. Still I don't post thousands of times. Anyone posting thousands of times IS A SHILL working for some idiot trying to TEACH YOU HOW TO BE SUCCESSFUL and he will only charge you $50.00 WHY $50? Because little people can only afford that. There are whales out there, fund managers with fiduciary responsibilities who will pay you $30,000 per month if you are good. And here is another stupid response I get. But the super duper trader LOVES PEOPLE SO HE WANTS TO HAVE A TRADING ROOM AND SHARE WITH ALL beause he is gregarious. BS I am gregarious. I can spend time talking to a whole bunch of fun people. WHO ARE PAYING ME $30,000 per month. Then if the above response is so good and truthful: "I am rich and want to share my secrets for $50.00 per month because I love people, WHY NOT DO IT FOR FREE?" I get calls all the time to testify at CFTC and FINRA and SEC enforcement actions. So I know about all these rip off slobs. They should get the death penalty. At least John Gotti let you know that he was a mobster. TB

Truth from the old timers in this game.

Never saw the post originally from the fiction writer "The Benefactor". Has a little ring of truth to it. A little.