Is trading gambling?
Writing about web page http://independentinvestor.info/PDF-Downloads/INVESTORS-INDIVIDUALS-10/doc.624-%20%20barber%20odean%202000%20Individual_Investor_Performance_Final.pdf
Following on the talk yesterday on trading. I am attatching this article which re-emphasizes the same point of view. This point of view is similar to the one held by behavorial finance experts. On the contrary to the irrational exuberance of traders there is some trading which is done based upon the fundamentals of the stocks but itis very minute compared to the total volume.
Muhammad Noon
25 Oct 2012 11:36
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When someone is reviewing the results in a fundamentally wrong way (lack of statistical basis) and builds models for predicting the future trends of the stock market based on these badly reviewed results, i am not calling it only gambling i would call it pure luck.
26 Oct 2012, 12:38
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