Is Trading Gambling?
Update: 2025-10-13
Description
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?
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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!
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