If you throw your money up in the air and hope it lands a certain way, you are gambling.
If you check the wind and the weight of the money before throwing, you are trading.
Good explanation. But it is trying to say both gambling and trading are fundamentally same thing and only differences is analytical part. This may be another good supportive point for trading is never should be done like gambling should be done.
I disagree with you. Trade - a process that controls the trader. A gambling inns can not be controlled. They are all based on chance. In trade, all risks lie on the trader and the outcome depends on his decision
Not necessarily, my friend. In trading there is a well-known level of uncertainty that prevents absolute control on our outcomes, although it is true that a good and disciplined trader use to set strict parameters to to avoid excessive losses.
And on the other hand, not everything in gambling is a matter of good luck. In fact, there are professional gamblers who have based their success on professional strategies with perfect control of profit/losses.