Trading compared to gambling

Morning

Hope everybody is ready for the week ahead.

Even though its Sunday I have had an itching all weekend to talk about trading compared to gambling. Ever sense I've started to trade people have been telling me to not to it cause its gambling and you can lose all your money. I do give them 50% credit in that statement, because you can lose all your money. But, its not gambling. I have came to the conclusion that the people who claim trading is gambling are the people who's uncles brothers friend lost 800 dollars on a stock, so that makes them an expert in why you shouldn't trade. Well i don't want to insult anybody but that is just ignorance talking. TRADING IS NOT GAMBLING!!

When you gamble you cannot predict the outcome. Trading you can predict the outcome 95% of the time through studying macro economics of the trade, recent events, and possible future events. You cannot do that in gambling. The reason people compare trading to gambling is because they just bought a stock there brothers uncles friend told them was good. Then the company was investigated by the IRS and their stock dropped 50 bucks. They bought that stock with no studying into the company. These people wouldn't know what a stochastic or moving average is if it came up and bit them in the ass. These are the people you don't want to talk to if you want to get into trading. Because they'll just bring you down and tell you not to do it.

To be success full as a trader you need the following
1, to study technicals and fundamentals as much as you can
2, read every book on macro/micro economics, I also would suggest Socio economics
3, Treat your trading as a business, Get it registered as an llc.
4, Trade Trade Trade, lose, lose? Yes so you learn more then WIN WIN WIN
5, Don't listen to ignorant people who failed then bring that negative B.S onto you.