Is Trading Gambling?
By Dave Mabe
In this episode, we tackle this popular question. I polled several traders I coach 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?
-Dave