Topic: A few key points distinguishing traders from gamblers - page 5. (Read 889 times)
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.
Traders in a long run always make money. And there income and profit are sustainable.They may not get money everyday. They also make losses but they still follow their plan and strategy consistently. Opposite to gamblers, they can make a lot of money on lucky trading but its is not sustainable and consistent.Gamblers only depend on their luck.
Unfortunately, most people confuse trading with gambling, When they trade(gamble) and lose money, they blame the market
Stock market is not gambling, we have made it gambling. No one can be blame except yourself.
Unfortunately, most people confuse trading with gambling, When they trade(gamble) and lose money, they blame the market
Stock market is not gambling, we have made it gambling. No one can be blame except yourself.
Great link shared – I liked point number 4, which says for trader patience is the key, and there are plans associated with it. However gambler can even risk their emergency funds in an impulsive decision.
There is a thin line which separates trading and gambling. But whatsoever – in our culture we have never appreciated gambling. It’s risky – and most importantly easy come – easy go!
Wow, this is the best post which describes the differences between trading and gambling. It's mostly accurate.
Most of the people these days looks for getting quick profits. While some succeed, many tend drain their money in the volatile crypto market,
This post also helps people identify what they are doing wrong and may be will help them in correcting their trading mistakes.
Most of the people these days looks for getting quick profits. While some succeed, many tend drain their money in the volatile crypto market,
This post also helps people identify what they are doing wrong and may be will help them in correcting their trading mistakes.
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.
Looking for quick returns = High risk methods of making money. They are not traders or investors, but gamblers. Therefore Gambling is not an investment. Period.The ones we see standing out as traders, at the ones who survived the common mistakes and biases that risk takers get into. One of them is going for the quick and easy modes, like gambling or margin trading. They get washed away and are never heard of again.
From this we can deduce that if you want to survive, you need to learn how to master the nerve and observe the market and it is not difficult if you ask me. Managing risk takes time and patience and if someone lacks these, they should not think about trading at all.
The both parties are risk takers,but the difference is that every trader is always hopeful of recieving profit in return,while gamblers takes risks without expecting anything in return.
Gamblers are liable to give as a result of continuous loosing,while traders hardly give up especially when they are receiving little profit in return and are always very hopeful of getting the bigger ones.
Gamblers are liable to give as a result of continuous loosing,while traders hardly give up especially when they are receiving little profit in return and are always very hopeful of getting the bigger ones.
I like the 5th note.
I had been in this situation before, all I wanted was to reclaim the lost funds. But I realized my mistakes after losing all the funds that it doesn't work like that. Yes, it became a gamble instead of analytic trading. You tend to lose yourself and forget about the plans you made.
The urgency to win it back will cloud your mind that you don't think straight anymore. Well, it's a good learning point as long as you realize it in the end.
Thanks for the reminder.
Quote
5) When enduring a loss or two (or three), traders neither get emotional nor try to revenge the markets. They know that if they obey risk management principles and open high risk-to-reward positions, they will cover all their previous losses and get back to making profits. Gamblers, on the other hand, get angry and start attempting to revenge the market by making foolish decisions and entering many illogical trades.
Source: https://www.tradingview.com/chart/BTCUSD/TRrwICB7-Traders-vs-Gamblers-Know-the-main-differences/The urgency to win it back will cloud your mind that you don't think straight anymore. Well, it's a good learning point as long as you realize it in the end.
Thanks for the reminder.
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. It's sad that there are so many traders today who behave like gamblers. They expect instant profit when trading crypto, it will only make them
experience failure. Crypto trading requires a fairly long process, in order to understand how to make a profit correctly. So we can't expect instant
profit when we trade crypto. Then there are traders who trade without careful planning, they only trade based on signals from other people which
are not necessarily accurate. Becoming a successful trader is very difficult and requires struggle, so make sure we learn how to be a true trader,
before finally deciding to trade crypto, so that our behavior when trading is not like a gambler.
What happens is that a lot of people do not really understand the difference between the two, it is true that in both you need to take a risk, however while in gambling the risk that you need to take is fixed by the casino and you cannot change it, when it comes to trading that risk is always fluctuating and it is up to you to find the time when the risk is at its lower point and it can offer the biggest benefits as well, and this is something that people never learn, and as such they keep making mistakes when they trade. experience failure. Crypto trading requires a fairly long process, in order to understand how to make a profit correctly. So we can't expect instant
profit when we trade crypto. Then there are traders who trade without careful planning, they only trade based on signals from other people which
are not necessarily accurate. Becoming a successful trader is very difficult and requires struggle, so make sure we learn how to be a true trader,
before finally deciding to trade crypto, so that our behavior when trading is not like a gambler.
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. 
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.
The most striking difference that I have ever experienced is when we choose a coin based on hype, not analysis, and follow a few other friends to buy the coin. Next, just hope that the pump cycle will approach the coin and wait for the price to actually pump. Furthermore, if the price continues to be dropped, it doesn't matter because there is only a small amount of money.
In this case, doesn't this include gambling because it's like relying only on luck?
This was what I ever did at the past time, playing with shit coins and meme coins.
And, this has to be stopped before we are addictedwith this kind of cycle.
Personally I do not think of it as gambling because at least when you gamble you will get some fun out of the games you are playing, something that is not true when you invest in those coins that have nothing but hype behind them, to me that is just an irresponsible act that will bring bad consequences sooner or later, after all if they happen to win then that person believes that this is a legitimate investment option and will keep doing it, while if they happen to lose then they will keep doing this in order to recover the money they have lost. In this case, doesn't this include gambling because it's like relying only on luck?
This was what I ever did at the past time, playing with shit coins and meme coins.
And, this has to be stopped before we are addictedwith this kind of cycle.
Yes, it's correct. That's trader make profits and gambler get loss every time. Gambler has no knowledge about market analysis, when he sees a coin increasing he buy that instantly. that's why he often gets loss. The gambler always does short-term trades, but the trader knows fundamentals so he does long-term trades.
I think you missed a lot of what we were talking about and railed against gamblers so far. Those are two different principles of making money. That's why the OP gave it to us to know the basic difference not to beat each other. Don't let you misinterpret what the OP is trying to convey. Because here for us gamblers are still gamblers and traders are still traders. Based on the criteria and interests of each. 
well, the very big difference i know from gamblers and traders is, gamblers purely expect luck in doing that, while traders are based on analysis, research and also other things to get it. Moreover, in the world of traders you are not risking your money 100%, even when the price drops, you still have the same amount of assets. whereas in gambling, when you lose, you lose everything.
Trading is a game of knowledge and skill, while gambling is purely a game of luck and chance. Gambling creates faster profits but more often ends up in a loss, while trading is mostly observed on making slower profits but more sustainable. However, both share a common thing, that is having its own risk. But at the end of the day, trading becomes more profitable if you have the skill and good strategies being used, while gambling since you have the less control to make profits, so mostly gamblers end up losing than making additional profits.
There is famous saying that "In Gambling, winner is the one who knows when to stop." I think this fits into trading also in many aspect. Like you invest when its right time to buy and sell when you see your target price rather then getting greedy for more profit. Just my few satoshis on this trader vs gambler difference.
snip~
I personally have also realized that, like it or not, market conditions seem to make us gamble to become gamblers or become traders. However, so far these actions have made me of course be careful and try to invest more than trade. Due to the fact that it is suitable for my activities in investing. Not to be missed, gambling has always been a mere entertainment alternative to relieve weekend fatigue.
Now back to the principle of trading which relatively makes it difficult for beginners, as a result finding a dead-end in trading led to the concept of gambling.
Now back to the principle of trading which relatively makes it difficult for beginners, as a result finding a dead-end in trading led to the concept of gambling.
You missed something, I have said it here and realized that from market conditions like this we are indeed required to be bettors, namely willing to bet on the bear market or bull market. If you notice, that things are almost difficult to predict, apart from relying on knowledge and instinct which coin we should invest in, the definition of trading activities that are considered legal turns out to be in the realm of the concept of gambling. Lol
Yes, it's correct. That's trader make profits and gambler get loss every time. Gambler has no knowledge about market analysis, when he sees a coin increasing he buy that instantly. that's why he often gets loss. The gambler always does short-term trades, but the trader knows fundamentals so he does long-term trades.
Op is not referring to those who just jump into trade and gamble with it but he is talking regarding the word gamble itself, that is those who bet games or stakers. So not the way you have understood it and analysed it, they are quite different. Gambling your trade is not same thing as gamble with betting of games like football match, poker or other casino games, they are different I hope you understand that now
well, the very big difference i know from gamblers and traders is, gamblers purely expect luck in doing that, while traders are based on analysis, research and also other things to get it. Moreover, in the world of traders you are not risking your money 100%, even when the price drops, you still have the same amount of assets. whereas in gambling, when you lose, you lose everything.
Yes, it's correct. That's trader make profits and gambler get loss every time. Gambler has no knowledge about market analysis, when he sees a coin increasing he buy that instantly. that's why he often gets loss. The gambler always does short-term trades, but the trader knows fundamentals so he does long-term trades.
In short, the two columns made me reflect and it turns out that when I think about it, I personally haven't been able to fully become one of the two which is truly ideal, whether called a trader or a gambler. We're still mixing up the two concepts and making it look as if they're in one column. That's the fact, no one really makes me admit, just a trader who joins in and gamblers who are always surprised to bet big and find it difficult to accept defeat.
I guess its clear to you now that trading is very different from gambling. And you could be a good trader or a successful gambler if you like depending on your own choice and the risk you want to take. But if you prefer to do good in trading, learn to improve your skill and upgrade you strategies in trading so you won' be trading and end up being a gambler in the long run. That usually happens with traders who are not totally focused on their own goal.in trading and just like other been saying that gambler like mind doesnt really fit out with this kind of industry.Try to see on whats your motive or views towards trading or gambling.
You should able to differentiate on which one is for entertainment and which one which is good for investment.So its up to your own choice!
legendary
Activity: 2240
Merit: 4133
eXch.cx - Automatic crypto Swap Exchange.
I would like to offer one more characteristic of gamblers in trading industry. Gambler-trader is following different "professional" traders from internet and youtube. Please, never rely on someone's opinion. Everything is not like it really seems. Here could be risk strategy what to do and how to save your funds but in general no guarantee.
Well said, even the so called signal providers aren't to be trusted as they enriched themselves instead of helping out their followers. If you want to become a trader, go learn the skills as it's very learnable. You just have to be willing to sacrifice some time and funds. Also you have to be dedicated to learning because there'll be challenges on the way. Master trading and you'll realized all the so called expert traders online are just fraud and yet they get massive following.
Distinguishing between gamblers and traders is very easy in the market as majority has little or no knowledge on trading but just hoping on luck and what some expert said to place sell or buy orders. Gamblers are the wishful thinking, while traders make predictions based on what they interprete from the charts.
Jump to: