>is it gambling with the best odds around? You can expect, on average, to perform as well as the market, less your trading fees (which for most of us small-tim

>is it gambling with the best odds around? You can expect, on average, to perform as well as the market, less your trading fees (which for most of us small-timers are ~$10 per round trip). The problem is not knowing the odds (and hence expected earnings) ex-ante. That said, horse racing would probably be the best analogy.