What's the difference between a trader and a gambler ?

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Radu Bot
2074
Radu Bot  
Posting my answer after 20 people have answered
Eleni Anna Branou
Moderator
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Eleni Anna Branou  
Many gamblers, just a few traders. The attitude and control of emotions makes the trader.
Keith Watford
Moderator
14436
Keith Watford  

It depends how you define gambling.

If you consider that it means risking money on an uncertain result, then yes it is.

Eleni Anna Branou
Moderator
6961
Eleni Anna Branou  
I agree, but I think that money management and risk control seperates the trader from the gambler. Its not all gambling.
Marco vd Heijden
Moderator
8390
Marco vd Heijden  
Random bets vs knowing what your doing.
Keith Watford
Moderator
14436
Keith Watford  
Eleni Anna Branou:
I agree, but I think that money management and risk control seperates the trader from the gambler. Its not all gambling.

Yes, but if I bet a fiver on a horse, I am controlling my risk as the most that I can lose on that bet is a fiver.

If I have 500 in my pocket, I am only risking 1%. The only slippage with horse racing is if the turf is a bit muddy :)

Eleni Anna Branou
Moderator
6961
Eleni Anna Branou  
Nice example !
Alain Verleyen
36551
Alain Verleyen  
Keith Watford:

Yes, but if I bet a fiver on a horse, I am controlling my risk as the most that I can lose on that bet is a fiver.

If I have 500 in my pocket, I am only risking 1%. The only slippage with horse racing is if the turf is a bit muddy :)

erlan8585
790
erlan8585  
Experience 
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