Is trading in Stock market Gambling ?
Hello Friends, This is the first question which came to mind when you think Stock market as a career. In India, If you ever share your dream to became stock trader, you will be considered as Gambler or people will say you “Pagal Ho gya Hai kya ? “ It is common myth in Indians that Trading in Stock market is Gambling which is big lie.
Before discussing further, We are sharing some point because of which “Trading in Stock market is Gambling“ myth is so prevalent in India
- We Indians are not open to new ideas, We are happy with old earning methods, old system, old technology. We still consider “Love Marriage” is a sin while whole world has been adapted this culture.
- We Indians focus on more negative things as compared to positive things. In any game, there are two possibilities, win or lose. If any one is losing in stock market, that news will be spread as fire. But, No one will ask who won.
- We don’t adopt new technology. We just believe on what market tells, what news channel suggest.
- We lack discipline, awareness, Knowledge.
If we ask Google, “Is trading in Stock market Gambling ? “, It will share refer you the articles written by other authors who don’t have single opinion. Let’s forget everything for a minute and modify our question “Is trading in Stock market Gambling” to “ What is Gambling”.
When you ask Google “ what is Gambling”, You will come across a Wikipedia link and It is clearly written that “wagering of money or something of value on an event of uncertain outcome with primary intent of winning material goods or money.”
In simple words, Gambling is the process in which we bet on any event to win some money.
Now, let’s talk about famous people of our country like Sachin Tendulkar, Salman Khan, Binny Bansal etc. They put everything on stake to complete their dream. If Stock traders are considered as Gamblers, everyone is gambler including Startup Founder, Athletes, Sportsman etc.
In Short, Life is also a Gamble. Sometimes, you win Sometimes you loose but you have to keep rolling your dice till you are in game ( till last breath).
So, Trading in Stock Market is not Gambling but you have to play by the rules, you have to learn the rules; you have to master the rules to win the game. If you are trading only on the basis of
- Market News
- Company results
- RBI Policy dates
- Free tips
You will lose in the end and you are a pure gambler. To become money making machine by trading in Stock Market, You have to understand it fundamentally, technically, charts etc.
In My opinion, Trading Stocks is not a gambling. Rest is your wish, what are you doing.