We may be able to invest in different business sectors, but how can we predict which industry or which sector goes up? Its just like gambling in the sense that you don’t know what the future lies in the stock you own, right?
The stock market is NOT like gambling. It can definitely be considered risky and volatile. Though you cannot predict which industry might be going up on the certain day or quarter, you can however make a calculated assumption based on the company’s 10-k, which is their quarterly report on how their business is doing. Does gambling have this?
The key to being successful is having a long term plan, something that does not fit in gambling, and you also need to diversify and educate yourself in the growing market. Because there are a variety of securities to invest in, you can choose one based on the risk you are willing to take.
Lets not forget that you can also make money when stocks go down. That’s called short selling a stock. This is kind of like gambling, where you bet against something if you think it will lose, but here again we are making an informed decision based on data and news reports of the company.
Short selling a company stock can be frowned upon by those conservative investors, but don’t let that frighten you from making some money intelligently. The reason conservative investors do not like short investing is because unlike simply buying and selling a stock on the market, you are only able to lose what you put on the table. Not so for short selling, where you can have infinite (not really, but you understand the concept) loss on your trade. 918kiss
You can even wind up going down the gutter on the particular stock investment, and then some.
Watch out for short selling fees. Always look at the price guide on your financial broker’s website. It’s a good tip to have this sheet by you when going through the buy/sell process. Most online financial brokers charge around $4-$10 per trade (yes, buying and selling are separate transactions), however your local broker who consulted with you on buying a particular stock can charge anywhere from $20 and up because of the advice he gave you.
So to conclude, investing in the stock market is not gambling if you deploy proper risk management and get educated about what you are doing. With the proper knowledge and education, it is possible to make a living at home just trading in the market. It does take quite a bit of effort and persistence, but hundreds of thousands do this around the world every day, and that’s their full time job!
Most amateur gamblers have at, some point, thought or dreamt about becoming professional. Gambling for a living is a tough way to make a living. Most people think it brings nice cars, women, and flashy jewelry. Not exactly, most professional gamblers are smarter than that. Any person that can make a living gambling, sure is heck isn’t going to jump into stupid investment like a sports car. The professional gamblers aren’t the ones you see flashing their cash or running around with a woman on each arm. Those are the wannabes.
So you want to take gambling to the next level, and start gambling for a living. The first step is to educate yourself! Before you even sit down at a table or place a wager on a horse; do the required research or pay for a handicapper to do it for you. Whether you do it yourself or pay a pro to do it. don’t even think about taking the next step without doing the proper research for each pick and each decision. There are plenty of resources out there today that will help you accomplish this.
After your research is completed; now its time to take action!!! Nope! wrong. Make a plan; then take action. Once you have all your tools before you and a plan of action or betting system that you can stand by; then and only then do you place your bet. Following these simple steps will save you tons of money in lost bets and stupid plays, and maybe just maybe you can make a living gambling some day.