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Line Your Own Pockets
Dave Mabe and Michael Nauss
65 episodes
22 hours ago
A weekly show for systematic traders who want to make more money from their trading strategies.
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Investing
Business
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All content for Line Your Own Pockets is the property of Dave Mabe and Michael Nauss and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
A weekly show for systematic traders who want to make more money from their trading strategies.
Show more...
Investing
Business
https://is1-ssl.mzstatic.com/image/thumb/Podcasts211/v4/f4/b0/3f/f4b03fc5-92e1-bc09-db98-81595dbd0801/mza_16210747958478259214.jpg/600x600bb.jpg
Is Trading Gambling?
Line Your Own Pockets
30 minutes
3 weeks ago
Is Trading Gambling?

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!

Line Your Own Pockets
A weekly show for systematic traders who want to make more money from their trading strategies.