difference between stock gambling and stock speculation

both are risky.
both are loaded with money.
the difference lies
in the probability.

when you gamble
i.e. when u take a blind plunge
there is still 50% chance
you will win.

if you play equally big and long gambles repeatedly
and you have sufficient funds and guts
you will end up in
no-profit-no-loss.

but when you speculate
i.e. when u take trades
after good, patient and shrewd homework
and if you take equally big and long trades
without giving a damn to operator tricks
you will end up in
pretty handsome profit.

there is nothing called
jackpot
without being closely followed by
kick of the jack
and the pot smashed on the head!

patient pileup of the reward
from speculation
is the only way
to attract
big sustainable riches.

--

pity
we call gambling - speculation

speculation is the guts of a seasoned trader.