A few key points distinguishing traders from gamblers - page 4.

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Quote from: Silberman on February 28, 2022, 01:56:51 PM

Quote from: Anguwa on February 25, 2022, 09:39:37 AM

Gamblers take advantage of everything they believe would provide them with quick cash, and when it fails, they become furious, and the same way they take crypto trading. They assume that they can just invest in a coin and receive a 10X return right away; nevertheless, they are frequently discovered to lack fundamental knowledge of cryptocurrency trading, and they are frequently the false investors that dump new projects in the name of gambling.

Unfortunately many newbies have that kind of mentality, which is sad because that means they are going to lose a huge amount of money to the markets as it is very difficult to predict not only which coin will go through a 10x growth but when it will happen, after all stories of people that held a coin for years and the coin experimented no movement only for them to sell their coins and then the coin skyrockets shortly after are not rare at all.

Cant really deny that we are once having this kind of mentality when we are still a newbie on which it isnt that surprising on having that kind of thing in mind that we do make out decisions on a rush manner on which we dont even apply proper analysis into it.

You are the ones who do able to realized on what you are doing and if you do experience out losses then this is the time you would really make out some adjustments since you are aware that
proper risk management is the key.

Dont think like a gambler because you would not sustain into this market if you do have that kind of behavior which isnt really that suggested at all.

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Quote from: Fredomago on February 28, 2022, 02:16:15 PM

Quote from: Silberman on February 28, 2022, 01:56:51 PM

Quote from: Anguwa on February 25, 2022, 09:39:37 AM

Gamblers take advantage of everything they believe would provide them with quick cash, and when it fails, they become furious, and the same way they take crypto trading. They assume that they can just invest in a coin and receive a 10X return right away; nevertheless, they are frequently discovered to lack fundamental knowledge of cryptocurrency trading, and they are frequently the false investors that dump new projects in the name of gambling.

Unfortunately many newbies have that kind of mentality, which is sad because that means they are going to lose a huge amount of money to the markets as it is very difficult to predict not only which coin will go through a 10x growth but when it will happen, after all stories of people that held a coin for years and the coin experimented no movement only for them to sell their coins and then the coin skyrockets shortly after are not rare at all.

There are many stories about regretful action around this market, but to pinpoint the kind traders who act like gamblers, they are very prone of losing a lot, without proper knowledge and good trainings before stepping inside this market, the chance that they are risking too much with their money is at stake.

They tend to take the high-risk investment believing that they are doing the right thing, they only realize mistakes when they suffered from
big losses.

It's knowledge upon the market that will lead each traders not to work as gamblers while investing around. Cool

One good example of a trader who is somewhat similar to a gambler is when a newcomer in crypto ventures in futures trading. This is a very risky move for me like you are in the game of crash or you are investing in a new alt hoping to get 10x or 100x return. There are similarities in behavior of both individuals, but if a trader is a smart one, he can reduce the chance of losing it all or at least prevent from further losing because you know when to stop.

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Quote from: Silberman on February 28, 2022, 01:56:51 PM

Quote from: Anguwa on February 25, 2022, 09:39:37 AM

Gamblers take advantage of everything they believe would provide them with quick cash, and when it fails, they become furious, and the same way they take crypto trading. They assume that they can just invest in a coin and receive a 10X return right away; nevertheless, they are frequently discovered to lack fundamental knowledge of cryptocurrency trading, and they are frequently the false investors that dump new projects in the name of gambling.

Unfortunately many newbies have that kind of mentality, which is sad because that means they are going to lose a huge amount of money to the markets as it is very difficult to predict not only which coin will go through a 10x growth but when it will happen, after all stories of people that held a coin for years and the coin experimented no movement only for them to sell their coins and then the coin skyrockets shortly after are not rare at all.

There are many stories about regretful action around this market, but to pinpoint the kind traders who act like gamblers, they are very prone of losing a lot, without proper knowledge and good trainings before stepping inside this market, the chance that they are risking too much with their money is at stake.

They tend to take the high-risk investment believing that they are doing the right thing, they only realize mistakes when they suffered from
big losses.

It's knowledge upon the market that will lead each traders not to work as gamblers while investing around. Cool

Silberman

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Quote from: Anguwa on February 25, 2022, 09:39:37 AM

Gamblers take advantage of everything they believe would provide them with quick cash, and when it fails, they become furious, and the same way they take crypto trading. They assume that they can just invest in a coin and receive a 10X return right away; nevertheless, they are frequently discovered to lack fundamental knowledge of cryptocurrency trading, and they are frequently the false investors that dump new projects in the name of gambling.

Unfortunately many newbies have that kind of mentality, which is sad because that means they are going to lose a huge amount of money to the markets as it is very difficult to predict not only which coin will go through a 10x growth but when it will happen, after all stories of people that held a coin for years and the coin experimented no movement only for them to sell their coins and then the coin skyrockets shortly after are not rare at all.

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Quote from: Obito on February 25, 2022, 07:24:55 AM

I don't think that you should consider short-term trading as gambling because I think that there are successful short-term trading, I would agree with your other points as to what's making someone a gambler, and with all those points, I identify myself as a gambler although I don't believe that trading is like a casino.

Of course you should not consider short-term trading as a gambling because there you profit by analyzing information based on daily basis. In gambling you just press button ,,spin'' (I mean slots and another dumb games.) which has no connection to the trading.

Anguwa

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Gamblers take advantage of everything they believe would provide them with quick cash, and when it fails, they become furious, and the same way they take crypto trading. They assume that they can just invest in a coin and receive a 10X return right away; nevertheless, they are frequently discovered to lack fundamental knowledge of cryptocurrency trading, and they are frequently the false investors that dump new projects in the name of gambling.

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I don't think that you should consider short-term trading as gambling because I think that there are successful short-term trading, I would agree with your other points as to what's making someone a gambler, and with all those points, I identify myself as a gambler although I don't believe that trading is like a casino.

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Quote from: Silberman on February 24, 2022, 03:21:11 PM

Quote from: Mahanton on February 21, 2022, 04:54:09 PM

Quote from: Silberman on February 21, 2022, 04:00:04 PM

Quote from: Yamifoud on February 17, 2022, 05:58:46 PM

Quote from: ?? on ??

I don't believe in some of the distinction presented because is not only gamblers that has the mind for quick return on investment but traders does that too. What are them looking for is nothing other than good return on their capital they invest in either trading or gambling.

Indeed, aiming for a profit is what we aim for whether it was gambling or trading. But what makes us different from trading is that we become more strategical to win the market and the more we need to enhance our knowledge and skill, unlike in gambling where we just rely upon luck and nothing else. But to compare the two which one probably gives us more losses, I believe it was gambling. However, being please with what we do is very important than money but yeah, don't make fall of yourselves into gambling if you aim for returns as this is very unlikely.

Another difference that exists between trading and gambling is that in gambling your odds are known in advance, basically you know on average how many times you should win the roll of a dice and how much money you will lose, this makes gambling highly predictable, even if the results will not favor you, however when it comes to trading you need to develop a sense of the risk and the odds you are taking on your own, something that is not easy for most traders, and it is one of the most common reasons why they lose money in the markets.

Highly predictable? I dont think so. Yes, you could make out some calculations but speaking with the outcome then it isnt something that you could assure off specially
when you do deal off with luck based type of games in the market today on which you could presume out that you could really take on advantage which is really
a very wrong kind of mindset to have.When doing up trading then you should really get rid of gambler like mind because it would just make out some mistakes.

When I said that something was highly predictable I was talking about gambling and not trading, for example if you flip a coin one million times on average heads and tails will come close each to appear half a million times, you do not know the face that will appear each time but you will know on average how many times they will appear and calculate your results based on that, my argument in fact when it comes was the opposite, trading is way more complex and as such you need to develop your own strategy to try to predict what will happen next and how much risk you are incurring with each trade.

Yes but there are many different gambling ways, I mean games, where there are different skills to have because everything may not be depend on luck but probability. On the other hand, when trader makes investment he should know about every news and aspects before investing such as: armed conflicts, sanctions and etc.

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Quote from: Mahanton on February 21, 2022, 04:54:09 PM

Quote from: Silberman on February 21, 2022, 04:00:04 PM

Quote from: Yamifoud on February 17, 2022, 05:58:46 PM

Quote from: ?? on ??

I don't believe in some of the distinction presented because is not only gamblers that has the mind for quick return on investment but traders does that too. What are them looking for is nothing other than good return on their capital they invest in either trading or gambling.

Indeed, aiming for a profit is what we aim for whether it was gambling or trading. But what makes us different from trading is that we become more strategical to win the market and the more we need to enhance our knowledge and skill, unlike in gambling where we just rely upon luck and nothing else. But to compare the two which one probably gives us more losses, I believe it was gambling. However, being please with what we do is very important than money but yeah, don't make fall of yourselves into gambling if you aim for returns as this is very unlikely.

Another difference that exists between trading and gambling is that in gambling your odds are known in advance, basically you know on average how many times you should win the roll of a dice and how much money you will lose, this makes gambling highly predictable, even if the results will not favor you, however when it comes to trading you need to develop a sense of the risk and the odds you are taking on your own, something that is not easy for most traders, and it is one of the most common reasons why they lose money in the markets.

Highly predictable? I dont think so. Yes, you could make out some calculations but speaking with the outcome then it isnt something that you could assure off specially
when you do deal off with luck based type of games in the market today on which you could presume out that you could really take on advantage which is really
a very wrong kind of mindset to have.When doing up trading then you should really get rid of gambler like mind because it would just make out some mistakes.

When I said that something was highly predictable I was talking about gambling and not trading, for example if you flip a coin one million times on average heads and tails will come close each to appear half a million times, you do not know the face that will appear each time but you will know on average how many times they will appear and calculate your results based on that, my argument in fact when it comes to trading was the opposite, trading is way more complex and as such you need to develop your own strategy to try to predict what will happen next and how much risk you are incurring with each trade.

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I think both are based on luck since most times the predictions and analysis we take before trading isn't usually accurate, but to say about the risk??
Yes I concur, the risk involved in trading isn't on the high side as that of gambling. Both take risk and both operate on luck.

If you don't stick to a trading strategy, then your trading will be comparable to a casino. Of course, there are a lot of such players among beginners who put the entire deposit with the maximum margin, hoping to solve their financial problems in one deal. And if fortune favors them, they get a profit, which in the end they still lose.

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Quote from: seleme on February 21, 2022, 05:45:22 PM

Quote from: Kasabus on February 14, 2022, 05:58:10 PM

Quote from: seleme on February 14, 2022, 04:47:06 PM

It is what it is in gambling, you will get more loss streaks in case of chasing loss but things work differently in the trading world. Money management is the main key in both, having a self-dedication can save your day in trading while everything depends on your luck at the moment you decide to gamble. The more you play on gambling platforms, the house edge keeps eating your balance since slots have an average of 96% RTP while in trading you can minimize trading costs with correct platform/brokers decisions.

In gambling, you will have less control of your finances because your only goal is to win, but at the end of the day gambling makes you poorer while gambling operators ensure that the house will always end up making money. Winning in gambling has a very slim chance, which gives big opportunities for the house edge to gain all your lose capital. However, trading does not depends on luck, but definitely rely on your learned knowledge, skill and strategies that will give you an edge over the other traders and help you gain the profits. Though both have their own risks, but trading with right attitude has more guarantee to make profits than losing your capital.

That is why I love trading! The more you learn about it and develop trading skills, the chances go up to make a profit at the end of the session, unlike gambling. You can learn everything about "provably fair" and global slot RTP pool but having the knowledge doesn't make your hand strength. Other traders share the info about the specific market pairs and we keep sharing new techniques while everyone keeps chasing losses in the gambling platform until they win or bust bankroll.

Of course its right when you are talking about slots. they are always unprofitable, especially on the long run. People think that they can catch the jackpot or 777 but there may be one chance in a million and the worst thing is chasing lost money.

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When one is into trading his mind needs to focus on long term profiting than quick earning. Trader with the gambling mentality can't make profit out of trades. It is well said, a gambler easily gets emotional after loss, which doesn't suits with trading. The traders try to make something out of the market moves, whereas gamblers look for luck than following strategies.

I find both form of traders to be successful, but the percentage differs. The success rate of a trader against a gamble mentality trader will be like 85:15

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Quote from: Kasabus on February 14, 2022, 05:58:10 PM

Quote from: seleme on February 14, 2022, 04:47:06 PM

It is what it is in gambling, you will get more loss streaks in case of chasing loss but things work differently in the trading world. Money management is the main key in both, having a self-dedication can save your day in trading while everything depends on your luck at the moment you decide to gamble. The more you play on gambling platforms, the house edge keeps eating your balance since slots have an average of 96% RTP while in trading you can minimize trading costs with correct platform/brokers decisions.

In gambling, you will have less control of your finances because your only goal is to win, but at the end of the day gambling makes you poorer while gambling operators ensure that the house will always end up making money. Winning in gambling has a very slim chance, which gives big opportunities for the house edge to gain all your lose capital. However, trading does not depends on luck, but definitely rely on your learned knowledge, skill and strategies that will give you an edge over the other traders and help you gain the profits. Though both have their own risks, but trading with right attitude has more guarantee to make profits than losing your capital.

That is why I love trading! The more you learn about it and develop trading skills, the chances go up to make a profit at the end of the session, unlike gambling. You can learn everything about "provably fair" and global slot RTP pool but having the knowledge doesn't make your hand strength. Other traders share the info about the specific market pairs and we keep sharing new techniques while everyone keeps chasing losses in the gambling platform until they win or bust bankroll.

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Quote from: Silberman on February 21, 2022, 04:00:04 PM

Quote from: Yamifoud on February 17, 2022, 05:58:46 PM

Quote from: ?? on ??

I don't believe in some of the distinction presented because is not only gamblers that has the mind for quick return on investment but traders does that too. What are them looking for is nothing other than good return on their capital they invest in either trading or gambling.

Indeed, aiming for a profit is what we aim for whether it was gambling or trading. But what makes us different from trading is that we become more strategical to win the market and the more we need to enhance our knowledge and skill, unlike in gambling where we just rely upon luck and nothing else. But to compare the two which one probably gives us more losses, I believe it was gambling. However, being please with what we do is very important than money but yeah, don't make fall of yourselves into gambling if you aim for returns as this is very unlikely.

Another difference that exists between trading and gambling is that in gambling your odds are known in advance, basically you know on average how many times you should win the roll of a dice and how much money you will lose, this makes gambling highly predictable, even if the results will not favor you, however when it comes to trading you need to develop a sense of the risk and the odds you are taking on your own, something that is not easy for most traders, and it is one of the most common reasons why they lose money in the markets.

Highly predictable? I dont think so. Yes, you could make out some calculations but speaking with the outcome then it isnt something that you could assure off specially
when you do deal off with luck based type of games in the market today on which you could presume out that you could really take on advantage which is really
a very wrong kind of mindset to have.When doing up trading then you should really get rid of gambler like mind because it would just make out some mistakes.

Silberman

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Quote from: Yamifoud on February 17, 2022, 05:58:46 PM

Quote from: ?? on ??

I don't believe in some of the distinction presented because is not only gamblers that has the mind for quick return on investment but traders does that too. What are them looking for is nothing other than good return on their capital they invest in either trading or gambling.

Indeed, aiming for a profit is what we aim for whether it was gambling or trading. But what makes us different from trading is that we become more strategical to win the market and the more we need to enhance our knowledge and skill, unlike in gambling where we just rely upon luck and nothing else. But to compare the two which one probably gives us more losses, I believe it was gambling. However, being please with what we do is very important than money but yeah, don't make fall of yourselves into gambling if you aim for returns as this is very unlikely.

Another difference that exists between trading and gambling is that in gambling your odds are known in advance, basically you know on average how many times you should win the roll of a dice and how much money you will lose, this makes gambling highly predictable, even if the results will not favor you, however when it comes to trading you need to develop a sense of the risk and the odds you are taking on your own, something that is not easy for most traders, and it is one of the most common reasons why they lose money in the markets.

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Quote from: Hamphser on February 19, 2022, 03:50:11 PM

Quote from: ?? on ??

Quote from: GreatArkansas on February 09, 2022, 09:44:10 PM

To summarize, Gambling is more likely on luck, while Trading, you can't rely on luck here.
I believe trading is one of the difficult jobs to make money since there is money involved here, you may lose them.
On the other hand, gambling is for me is like a game of luck, anyone can play with it and the risk here is much higher compare to trading.

I think both are based on luck since most times the predictions and analysis we take before trading isn't usually accurate, but to say about the risk??
Yes I concur, the risk involved in trading isn't on the high side as that of gambling. Both take risk and both operate on luck.

Both are risky but as mentioned on which the level of risk on both things could really be that different and it is justifiable and could really be seen between successful gamblers and successful traders.

You could count it with your hands in between industries thats why you should set specific mindset when dealing neither between the two.Dont be a gambler when you do trade because

it would surely give out some good possible odds or chance for you to have that profitable trades in the end of the day which is totally opposite on gambling where
risk is on the roof excluding though into those strategic gambling games though.

In addition to this, Its all depends on how and where do you gamble. I mean what are you trading and what are you playing is the crucial part of this. for instance, guy who plays poker with good skills and guy who trades with bad skills is important when we compare all of these things.

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Quote from: ?? on ??

Quote from: GreatArkansas on February 09, 2022, 09:44:10 PM

To summarize, Gambling is more likely on luck, while Trading, you can't rely on luck here.
I believe trading is one of the difficult jobs to make money since there is money involved here, you may lose them.
On the other hand, gambling is for me is like a game of luck, anyone can play with it and the risk here is much higher compare to trading.

I think both are based on luck since most times the predictions and analysis we take before trading isn't usually accurate, but to say about the risk??
Yes I concur, the risk involved in trading isn't on the high side as that of gambling. Both take risk and both operate on luck.

Both are risky but as mentioned on which the level of risk on both things could really be that different and it is justifiable and could really be seen between successful gamblers and successful traders.

You could count it with your hands in between industries thats why you should set specific mindset when dealing neither between the two.Dont be a gambler when you do trade because

it would surely give out some good possible odds or chance for you to have that profitable trades in the end of the day which is totally opposite on gambling where
risk is on the roof excluding though into those strategic gambling games though.

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Quote from: ?? on ??

Quote from: GreatArkansas on February 09, 2022, 09:44:10 PM

To summarize, Gambling is more likely on luck, while Trading, you can't rely on luck here.
I believe trading is one of the difficult jobs to make money since there is money involved here, you may lose them.
On the other hand, gambling is for me is like a game of luck, anyone can play with it and the risk here is much higher compare to trading.

I think both are based on luck since most times the predictions and analysis we take before trading isn't usually accurate, but to say about the risk??
Yes I concur, the risk involved in trading isn't on the high side as that of gambling. Both take risk and both operate on luck.

^ Trading is not about pure luck, you can increase the chances of making a profit if you have skills and knowledge in trading. I disagree with you that it operates both with luck because you can improve your trading skills if you have knowledge of it. While gambling is I believe that it is pure luck especially if you gamble on base on luck games. Both need capital and both are risky so if you don't have an amount that you can afford to lose, never expect a huge profit while doing on it.

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Quote from: Taskford on February 19, 2022, 07:29:28 AM

Quote from: Woodie on February 19, 2022, 07:15:36 AM

As much as their is some truths in the OP i really believe traders and gamblers are all the same. Both take risks and sometimes they take high risk trades/wagers, both can be affected by emotions which can influence how they trade... Btw not all traders are long term traders... others are scalpers and also not all gamblers are high risk takers others take long low risk bets which reward them ultimately.

I don't actually find any difference between trader and gambler because both of them are risking their money so eventhough we can say that they have different platforms where they risk there money still both of them have the same vibes. Maybe im risk tolerance there are little difference but we cannot actually differentiate people by just like that.

The only common thing that gamblers and traders have to engage is risk management. Both requires risk as there is no assurance whether you will get a positive or negative outcome at the end of trading and gambling. However, trading is not purely dependent on luck since there are certain strategies needed to succeed in trading, while gambling alone is purely based on luck. Also, traders can build wealth in the long term, while in gambling there's no clear assurance if you can make money or not as gamblers are more than losing than winning a stake. Read it here for further understanding. https://breakingthelines.com/opinion/is-there-a-difference-between-trading-and-gambling/

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Quote from: Woodie on February 19, 2022, 07:15:36 AM

As much as their is some truths in the OP i really believe traders and gamblers are all the same. Both take risks and sometimes they take high risk trades/wagers, both can be affected by emotions which can influence how they trade... Btw not all traders are long term traders... others are scalpers and also not all gamblers are high risk takers others take long low risk bets which reward them ultimately.

I don't actually find any difference between trader and gambler because both of them are risking their money so eventhough we can say that they have different platforms where they risk there money still both of them have the same vibes. Maybe im risk tolerance there are little difference but we cannot actually differentiate people by just like that.

Topic: A few key points distinguishing traders from gamblers - page 4. (Read 963 times)