A few key points distinguishing traders from gamblers - page 6.

hyudien

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Quote from: stomachgrowls on February 11, 2022, 03:58:51 PM

Quote from: Botnake on February 11, 2022, 03:38:26 PM

Quote from: hyudien on February 11, 2022, 09:07:44 AM

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.

Once you do realize off these things then you would able to distinguish on whats their main difference which means that you would definitely be mindful about your actions on not to have a gambler
like mind when you do make out some trades and since you do know already that you could make profits or sustain yourself in the market if you done it well then its up to your own actions
and decisions on the possible outcome that you would experience. Determine the level or kind of risks not only on investment or gambling but on other industries as well even
though it wouldnt be so clear but you could actually able to notice it out.

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.

RealMalatesta

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Quote from: dunfida on February 11, 2022, 02:56:25 PM

Level of risks will vary and how you do tend to handle it out because not all would really be mindful about that certain risks and they would just simply make out further steps without thinking.

Risk is something that should really be handled out and if you cant able to do that they would really be seeing a big problem towards this one because you couldnt able to determine which

one should be done and which one shouldnt be done.As long you are aware then you could able to sustain yourself on this unpredictable market.

At the end of the day it is not always "more risk more reward" for some of the investments. At the end of the day if you are reaching to a point where the risk is just silly and you are losing then it doesn't make sense. Like how that babymusk or whatever rugpull I just saw, that was an obvious rug pull and that ended up stealing money from everyone and leaving. That was obvious and if you got into it thinking that you would outpace everyone and get in and make profit and get out then you will not be making any profit at all.

This is why I would say that there is nothing that could make you profit at that level of risk. I rather buy bitcoin and make 10% in a year than put my money in those silly things.

1win

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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.

stomachgrowls

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Quote from: Botnake on February 11, 2022, 03:38:26 PM

Quote from: hyudien on February 11, 2022, 09:07:44 AM

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.

Once you do realize off these things then you would able to distinguish on whats their main difference which means that you would definitely be mindful about your actions on not to have a gambler
like mind when you do make out some trades and since you do know already that you could make profits or sustain yourself in the market if you done it well then its up to your own actions
and decisions on the possible outcome that you would experience. Determine the level or kind of risks not only on investment or gambling but on other industries as well even
though it wouldnt be so clear but you could actually able to notice it out.

Botnake

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Quote from: hyudien on February 11, 2022, 09:07:44 AM

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.

dunfida

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Quote from: freedomgo on February 11, 2022, 02:43:46 PM

Quote from: adzino on February 11, 2022, 12:49:13 PM

People that say that trading and gambling are the same has never actually traded. Or maybe they did try trading but didn't actually know what they were doing. The illustration that you showed is correct. Trading requires skill and knowledge. Trading is more in making some long term gains and profit. But gambling requires no skill and depends all on luck. People gamble so they can get rich real quick. On trading they have control over their funds and risks. But in gambling, they have no control over the risk and the outcomes. Trading only becomes a form on gambling when people try to trade to make profits real quick (investing and trading shitcoins).

Trading and gambling have their own risks. While gambling lives only for short term and most of it are known to make negative returns, trading on the other hand can last for long, and there is more chances of making positive returns. However, there are also cases why traders turn into gamblers when they are trading with more excitement believing to get rich instantly, as long as they trade only to win, that looks like more on gambling.

Level of risks will vary and how you do tend to handle it out because not all would really be mindful about that certain risks and they would just simply make out further steps without thinking.

Risk is something that should really be handled out and if you cant able to do that they would really be seeing a big problem towards this one because you couldnt able to determine which

one should be done and which one shouldnt be done.As long you are aware then you could able to sustain yourself on this unpredictable market.

freedomgo

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Quote from: adzino on February 11, 2022, 12:49:13 PM

People that say that trading and gambling are the same has never actually traded. Or maybe they did try trading but didn't actually know what they were doing. The illustration that you showed is correct. Trading requires skill and knowledge. Trading is more in making some long term gains and profit. But gambling requires no skill and depends all on luck. People gamble so they can get rich real quick. On trading they have control over their funds and risks. But in gambling, they have no control over the risk and the outcomes. Trading only becomes a form on gambling when people try to trade to make profits real quick (investing and trading shitcoins).

Trading and gambling have their own risks. While gambling lives only for short term and most of it are known to make negative returns, trading on the other hand can last for long, and there is more chances of making positive returns. However, there are also cases why traders turn into gamblers when they are trading with more excitement believing to get rich instantly, as long as they trade only to win, that looks like more on gambling.

adzino

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People that say that trading and gambling are the same has never actually traded. Or maybe they did try trading but didn't actually know what they were doing. The illustration that you showed is correct. Trading requires skill and knowledge. Trading is more in making some long term gains and profit. But gambling requires no skill and depends all on luck. People gamble so they can get rich real quick. On trading they have control over their funds and risks. But in gambling, they have no control over the risk and the outcomes. Trading only becomes a form on gambling when people try to trade to make profits real quick (investing and trading shitcoins).

hyudien

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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.

Scripture

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Quote from: Dart18 on February 11, 2022, 08:05:13 AM

It's like chess. You always look for the next 3 moves or better when you are a pro at it.
Gamblers pay attention to what's in front of them while traders are looking at the future. You will just get yourself rekt if you didn't learn the movements of the market. It takes hours of monitoring and reading the charts unlike a lucky chance in gambling.
But that's just the way it is, without those gamblers where will the traders get their profits from?

There are so called day trader who cares not much about the future since their focus is the current trend so technically it can't be consider as gambling since they are still trading based on their daily analysis.

Trader will only become a gambler once they buy and sell without any analysis, that's what you called irresponsible trader. Traders get their profit from the market itself, its about demand and supply and its not about gambler I believe because even a pro trade loses their money.

rhomelmabini

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Quote from: Cookdata on February 09, 2022, 04:45:52 PM

Unfortunately, most people confuse trading with gambling, When they trade(gamble) and lose money, they blame the market or blame what causes the incompetence and justify it with poor excuses.
It is not easy to be a professional trader, but practice makes you confident in what you do for a job.

Both requires focus tbh but the longer you are trading the better your chances to be profitable since you are getting real experience and knowledge over time. Compare to gambling wherein it depends mostly on luck, in trading it isn't luck that determines it but your know-how and behavior towards trading.

Quote from: AicecreaME on February 11, 2022, 08:18:01 AM

You got some point, but I've read so many discussion already about trading and gamblers, but their meaning depends on a person's POV. Trading could be either on a high leverage or low leverage, depends on the trader.

Others say it was kind of gambling as well but I partially agree if the person doesn't know what he's doing and doesn't take some precautions like stop-loss feature or taking a profit on a certain level.

AicecreaME

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You got some point, but I've read so many discussion already about trading and gamblers, but their meaning depends on a person's POV. Trading could be either on a high leverage or low leverage, depends on the trader. I don't see a trader that flip coins before making a trade, that's way too reckless, if you know someone like that, they are not worthy to be called "Trader", perhaps you should call him a "bored" person that doesn't have any idea where to spend his money.

Dart18

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It's like chess. You always look for the next 3 moves or better when you are a pro at it.
Gamblers pay attention to what's in front of them while traders are looking at the future. You will just get yourself rekt if you didn't learn the movements of the market. It takes hours of monitoring and reading the charts unlike a lucky chance in gambling.
But that's just the way it is, without those gamblers where will the traders get their profits from?

TheUltraElite

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So anyway, I applied as a merit source :)

The OP clearly shows what type of trader should not become a trader, that is the gambler mindset, because majority of gamblers take impulse decisions and do not think about risks which is a complete no-no for professional traders.

However a large portion of traders who get washed away in short periods of time are the gamblers who attempt their hand in trading. They will enter at the wrong point usually the bull tip and then they would be in a loss as the price drops. They will not be able to receive the quick satisfaction and sell off at a loss. This leads to a lot of unusual selling pressure but it happens.

These people are also the ones who enter into leverage trading and to be honest I fell leverage and futures have been created only to cater to this mindset. They end up losing a lot of money and this gives the wrong impression to general public that trading is a risky thing to do.

michellee

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Quote from: Silberman on February 10, 2022, 02:09:52 PM

Quote from: michellee on February 09, 2022, 10:37:26 PM

Most traders, especially new traders, follow other people's signals because they do not know how to analyze the market, making them confused and determining the good time to enter the market. That will be a gamble for them since they only follow other signals without analyzing by themselves.

But the other new traders know that is not right for them and decide to learn more about trading and spend their time searching for the next lesson. The difference is how they want to learn to analyze the market and just follow the other signal without analyzing it themselves.

Once they can do that, I believe they will slowly become a professional trader.

Relying on the signals of someone else is a big mistake, why? Because it shows ignorance and incompetence from the one that is using the signals, after all if that person could analyze the market on their own then they will never take those signals into account, however those using the signals think it is the best way to make money quickly, as they recognize their ignorance and they do not want to take the time to learn and use signals as a substitute for their lack of knowledge, however if they do not know how to trade then how can they tell if the signals they are receiving are good or not? They can’t, which is why so many of them lose their money.

That is something they do not realize. If they rely on the signals from someone, they will still search for the next signals. But they do not learn anything instead just hope to make a profit from that signal. That will put them in danger since the market can change the direction and the signal can be wrong and in the end, they will make a wrong buy or sell decision-based on the signals.

They should analyze more if they get a signal from the others and adjust to their situations and conditions to work well for them. It also gives them a chance to learn and improve their skills analysis in trading, which will help them analyze by themselves without relying on others.

Sled

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Traders must have to rely on themselves, not for luck as it was just gambling at all. In fact, the two are in big difference but somehow, some traders are also like gambling due to their incapability to make analysis, they rather use to have luck in order to gain some profit. I simply couldn't agree that although both are included risk, it is somehow we have to make ourselves clear that to become a trader we don't use of LUCK, it rather we rely on our capabilities as we have the knowledge and skills to perform this thing.

Luqman

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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.

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Quote from: Sanitough on February 10, 2022, 04:19:42 PM

Quote from: Smartvirus on February 10, 2022, 02:46:07 PM

Quote from: Cookdata on February 09, 2022, 04:45:52 PM

~snipe~

The photo you've got displayed there is quite small and really stressful trying to stretch the length of my eye sight. Though, there exists a distinct difference between traders and gamblers. Even at that, we can't ignore the fact that, some traders actually gamble on trades rather than doing the actual analysis to arrive at some logical conclusion that could necessitate you taking a buy or a sell on a trade. Besides, what can we say about spot trading,,, doesn't it employ the gambling concept about it?

Gambling is pure luck as it could always take any side but trading, tarting have got pointers that gives you an insight on what direction the market is going to turn. You just have to do your analysis diligently.

For some newbies, trading makes it too hard for them so their trading style falls more like gambling. And its not surprising because they often lack the experiences that a good trader must have. But as newbies keep experiencing and learned from them, and with due diligence on gaining knowledge and creating good market analysis, they will be good traders in the end. However, gambling do not need market analysis and special strategies, so the chances for losing is still high compared to trading.

When you do goes into a point that you cant understand everything or something then you would really be able to make yourself to have that gambler like kind of behavior on which it would really be normal.

You dont know on what to do which it is normal for someone to take step without even thinking about the risk and they would only learn when they do experience problems later on which is a normal reaction too.
You wouldnt really able to realize things when you dont experience unfortunate events but this is actually part of reality on which you would need to get past through before anything else.

Sanitough

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Quote from: Smartvirus on February 10, 2022, 02:46:07 PM

Quote from: Cookdata on February 09, 2022, 04:45:52 PM

~snipe~

The photo you've got displayed there is quite small and really stressful trying to stretch the length of my eye sight. Though, there exists a distinct difference between traders and gamblers. Even at that, we can't ignore the fact that, some traders actually gamble on trades rather than doing the actual analysis to arrive at some logical conclusion that could necessitate you taking a buy or a sell on a trade. Besides, what can we say about spot trading,,, doesn't it employ the gambling concept about it?

Gambling is pure luck as it could always take any side but trading, tarting have got pointers that gives you an insight on what direction the market is going to turn. You just have to do your analysis diligently.

For some newbies, trading makes it too hard for them so their trading style falls more like gambling. And its not surprising because they often lack the experiences that a good trader must have. But as newbies keep experiencing and learned from them, and with due diligence on gaining knowledge and creating good market analysis, they will be good traders in the end. However, gambling do not need market analysis and special strategies, so the chances for losing is still high compared to trading.

Finestream

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Quote from: so98nn on February 10, 2022, 02:46:56 PM

Thats fairly good comparison. Though it is not needed as everyone has their own style of playing as trader and gambler. But its worth understanding what trader is capable of that is not the part of Gambler and Vice Versa!

A person might be involved in both the activities and thus could be strong enough in handling his ethics while gambling the money in casino. There are smart peeps who play wisely and just like trader and thus make ton of money.

However, on an average most of us are differentiated as per your comparative table. The reason: we are not able to strongly control our motions while being trader or gambler.

Sometime they do call Trader job as dirty-white collar while gambler is just gambler as the name suggest. Tongue

If you can be a trader and a gambler at the same time, well then that will be your own advantage. Since its known to us that sometimes, gamblers are even making huge amount of money out of luck compared to traders, but that does not close the fact that gamblers too are losing more than traders as they are making a real play without facts and proven analysis that make them win from the game. If you're smart enough, you can do both as a gambler and as a trader and creates a fair play.

Topic: A few key points distinguishing traders from gamblers - page 6. (Read 949 times)