Topic: Can trading be likened to gambling and how so? - page 3. (Read 1397 times)
Yes and No. Yes because in trading, there's a small element of guessing. No because, In trading the odds are not against you. In trading you can make 90% accurate prediction having acquired sophisticated knowledge of the asset and market, Trading doesn't depend on "luck". You really have to put in the work and do your own homework.
trading is not gambling, you have to know it, trading has knowledge, from technical analysis to fundamental analysis,
a trader who has this knowledge is certainly not careless, but gambling, all do not need knowledge and only guesswork.
a trader who has this knowledge is certainly not careless, but gambling, all do not need knowledge and only guesswork.
Sometimes it's just the matter of point of views.
And at the early stage getting to know about trading ... you will always found it odd , especially if you do trade for the first time and things went unexpected against you ... that's the start of your point of view thinks it's a game and it's unfair ... someone get the profit and the other side get negative taken by the one who get the profit.
But once you learned a little bit deeper , trading are of course incomparable to gambling, period.
And at the early stage getting to know about trading ... you will always found it odd , especially if you do trade for the first time and things went unexpected against you ... that's the start of your point of view thinks it's a game and it's unfair ... someone get the profit and the other side get negative taken by the one who get the profit.
But once you learned a little bit deeper , trading are of course incomparable to gambling, period.
Repetitive patterns in trading is not similar to head to head matches in gambling, same thing with price level and the form of a club. While in gambling head to head clash can go either way in trading patterns maintains a given trend and and only chances when a new trend is formed. Both are risky adventure well understood but they operate under different rules.
Very correct - and I believe one thing for sure - do whatever you want to do with good intention. And everything takes a right place in your life. But do not put other people in difficult situation - particularly financial matter.
so even if you see trading as gambling, if you are using your own funds, you are not too worried about the results of your trading. it may have similarities with gambling but the more knowledge or skills you have in trading, the better chance for you to get good results. however, if you will trade blindly, definitely, losing your funds is easy. unlike in gambling, if you play those luck-based games, you are just relying on your luck. but with trading, if you equip yourself with knowledge towards the coin/s and learn TAs, you have better chance of getting positive results.
Not really sure where to drop this thread since it's a compendium of gambling and trading as it seeks to make clearer a blur end.
Which is.
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?
But before you delve in for contributions, let me throw some light below for a better understanding of the idea behind the thread.
Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.
Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.
Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.
With these few above I think a clear discussion can well surface to clear the air about a likelihood or not.
I totally agree with your words and example there is really a good match between trading and gambling.Whenever we go for gambling we consider various aspects such as which club to play with.How strong is the club and whether it can perform well.On the other hand, while trading, we must consider all aspects of the trading platform, such as market position, coin position, trading volume, etc.Trading is just as risky as gambling. Which is.
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?
But before you delve in for contributions, let me throw some light below for a better understanding of the idea behind the thread.
Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.
Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.
Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.
With these few above I think a clear discussion can well surface to clear the air about a likelihood or not.
Repetitive patterns in trading is not similar to head to head matches in gambling, same thing with price level and the form of a club. While in gambling head to head clash can go either way in trading patterns maintains a given trend and and only chances when a new trend is formed. Both are risky adventure well understood but they operate under different rules.
Very correct - and I believe one thing for sure - do whatever you want to do with good intention. And everything takes a right place in your life. But do not put other people in difficult situation - particularly financial matter.
Repetitive patterns in trading is not similar to head to head matches in gambling, same thing with price level and the form of a club. While in gambling head to head clash can go either way in trading patterns maintains a given trend and and only chances when a new trend is formed. Both are risky adventure well understood but they operate under different rules.
Gambling with responsibility comes with managing the funds as well so it can be similar in one perspective but I don't say both are same because it is not done by exactly the same people all the time, even stock trading can be the big gambling in my opinion because where more people are losing than the people who are making profits.
I wish to see some responsible gamblor .. In our culture we do not gamble and we dont believe gambling is done with responsibility but here I witnessed very wise gamblor.
Yes it is, but with the example you had posted it seems the trading as well as sport betting needs more analysis before going for the bet so it makes it as not something that rely completely based on the luck. However there are also people who do trade just the way of gambling which should be avoided and its always important to stick with the strategies of our own to reduce the risk factor.
it might happen. you are right, that there are traders who trade by relying on their luck. this may be similar to gambling, but the value of trading I don't think so. maybe with futures trading, could be linked.Gambling, be it a casino or a sportsbook, we don't have the awareness to manage wins or losses. we will bet on something with the possibility of winning or losing.
but in trading, it will be different. because we will consciously determine whether to sell at a loss or with a profit. the difference maybe is our waiting time.
Yes it is, but with the example you had posted it seems the trading as well as sport betting needs more analysis before going for the bet so it makes it as not something that rely completely based on the luck. However there are also people who do trade just the way of gambling which should be avoided and its always important to stick with the strategies of our own to reduce the risk factor.
it might happen. you are right, that there are traders who trade by relying on their luck. this may be similar to gambling, but the value of trading I don't think so. maybe with futures trading, could be linked.Gambling, be it a casino or a sportsbook, we don't have the awareness to manage wins or losses. we will bet on something with the possibility of winning or losing.
but in trading, it will be different. because we will consciously determine whether to sell at a loss or with a profit. the difference maybe is our waiting time.
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?
It seems that you are misrepresenting gambling and crypto trading.My understanding of gambling and trading are different methods and have a much different understanding.
for example:
• Crypto trading: here you don't make bets like gambling, you buy crypto when prices are low and sell when prices are high, in crypto trading you can still analyze, predict.
Trading crypto money that you trade does not disappear, it just decreases if it goes down and increases if it goes up, that's a trading method, generally in the real world as well.
• Gambling: betting method your money will be lost, if you lose you can't predict, gambling there is no movement and price drop, betting is profit, win you win, lose you lose all money, trading is not like gambling.
So, if you equate gambling with trading, you are very wrong, maybe you should do some research again about gambling methods and trading methods.
No they are two different things and can't be likened to each other. Gambling depends totally on luck. You either win or lose. You bet and hope that you win. In the long run, you will always lose since the casino will always have an edge. But trading is totally different. You take decisions. You can know what might happen in the future if you do proper analysis. If you are doing it right, you will be making profit in the long run trading. Sure it can be a form of gambling if you don't know what you are doing and just buying low and selling high with the hope of making profit.
First of all, we should not compare trading and gambling in the first place. That won't even help us.
Although we are risking money in both, there are respective strategies to take advantage of both fields.
We do not just do trades and allow our money to lose. We have strategies for that. Likewise in gambling, we are not just relying on our luck here, especially in sports-betting and strategy-based gambling games. We also have a set of strategies there.
The bottom line, just do our best to make our money worth risking, be it on trading or gambling.
Right on spot.
Some of us just can't help to compare trading to gambling maybe because of their perspective about it. But for me, trading is more favorable and completely fair to all of us, unless you treat it like you're playing gambling, like randomly guessing and hoping to win, but always ended disappointed and frustrated because of doing so.
Trading is more fun, in my opinion, and even it gives you an addiction, like you can't help but to study more about it, learning from your mistakes to climb up, to become a pro trader, then it will surely benefit you in the long run.
Yes it is, but with the example you had posted it seems the trading as well as sport betting needs more analysis before going for the bet so it makes it as not something that rely completely based on the luck. However there are also people who do trade just the way of gambling which should be avoided and its always important to stick with the strategies of our own to reduce the risk factor.
First of all, we should not compare trading and gambling in the first place. That won't even help us.
Although we are risking money in both, there are respective strategies to take advantage of both fields.
We do not just do trades and allow our money to lose. We have strategies for that. Likewise in gambling, we are not just relying on our luck here, especially in sports-betting and strategy-based gambling games. We also have a set of strategies there.
The bottom line, just do our best to make our money worth risking, be it on trading or gambling.
Trading and gambling are two different things - but somehow they are also linked together. ...
In this case, a lot depends on the person himself and his attitude to trading or gambling. If a person is a player by himself, then he will definitely transfer this skill to any activity that he will be engaged in. Accordingly, having come to the cryptocurrency market, he will trade with a high degree of risk, which in his opinion will have to bring either a quick profit or a loss of money.
There are a lot of similarities as what we have found it, (based on experience), if you do like sports betting vs trading, they are almost the same. You need to know that market itself before you can used your money in hope of making a good profits. Definitely, both involved high risk, high rewards scenario, so it's really up to the individual how to mitigate the risk in both gambling and trading.
No!.
In fact we would have to start choosing what type of game is compared to what type of asset, the only thing they have in common is that a return is expected, only that.
In fact the skills of someone who bets on sports cannot be compared to the skills of someone who plays Blackjack and we are talking about betting.
Each betting game has its skills and knowledge, each one of them makes them complex in itself and gives each gambler an advantage.
A gambler with experience, skills and knowledge is a candidate to adapt very well in the trade, but do not confuse oranges with apples.
In fact we would have to start choosing what type of game is compared to what type of asset, the only thing they have in common is that a return is expected, only that.
In fact the skills of someone who bets on sports cannot be compared to the skills of someone who plays Blackjack and we are talking about betting.
Each betting game has its skills and knowledge, each one of them makes them complex in itself and gives each gambler an advantage.
A gambler with experience, skills and knowledge is a candidate to adapt very well in the trade, but do not confuse oranges with apples.
Since there is speculation involved, many compare trading to gambling. But that isn’t the case as trading and gambling are two different things. Trading requires preparation and market analysis, which is certainly not what they do when they gamble.
It depends on the type of gambling. If you study the odds and know the type of gambling, it is more similar to trading. And in some specific games like poker or sports betting, where you can make EV+ bets, it would be even more similar.
If you play roulette while drinking a few drinks to pass the time, no, it is not similar to trading.
But those who have strong nerves can do the best.
Rest if someone get upset these are not for them
Trading and gambling are two different things - but somehow they are also linked together. ...
In this case, a lot depends on the person himself and his attitude to trading or gambling. If a person is a player by himself, then he will definitely transfer this skill to any activity that he will be engaged in. Accordingly, having come to the cryptocurrency market, he will trade with a high degree of risk, which in his opinion will have to bring either a quick profit or a loss of money.
Since there is speculation involved, many compare trading to gambling. But that isn’t the case as trading and gambling are two different things. Trading requires preparation and market analysis, which is certainly not what they do when they gamble.
Speculation is for trading more than gambling. In gambling on EV- games there is a quick satisfaction involved in making the best and losing or winning it. In EV+ games there needs to be background workup of the assets and their charts before making a decision - again it will take time to get filled. Therefore trading on spot is not compatible with speculation completely than what futures or marging can be compared.
I think it is better to follow what you love to do. If someone likes trading and makes profit in it, do it, don't demean yourself that you are actually gambling.
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