To Gamble or Not To Gamble

Whenever I tell people that I trade for a living, they always say the same thing. ” That’s gambling”. Well they’re right. It is gambling if you are not educated. Most people try to teach themselves how to trade by just jumping in to a trade they think might work, instead of taking the time to get a great education. You work hard for your money, so don’t gamble it away. The amount of people that gamble in the United States is estimated to be at around 15 million. . Internet gaming has exceeded 2 billion dollars in the past few years. Gambling on the Internet is only legal in 3 states, Delaware, Nevada, and recently New Jersey, but eight other states are pursuing right now to legalize it. This will boost a tremendous amount of revenue for the states as well as the casinos. To be able to play poker all day long in your pajamas will certainly entice the many gamblers who do not want to get into their gas guzzling automobiles and drive to their nearest casino to attain that dopamine high. So how do we gamble on this gamble? That’s easy. The biggest players in this online casino game are MGM, BYD, BYI, CZR, and AYA.TO. Caesars casino has expressed in a recent statement that they are worried that the online business will take away from their hotel business. The question is, how much will it take away versus how much will they earn online. I would take the bet that the online gambling will far exceed the hotel revenue that will be lost on this gamble. So therefore, I am going to gamble on this gamble, but remember, I’m not a gambler, I’m a trader.

Happy Trading,

The Stock Whisperer