Topic: Can trading be likened to gambling and how so? - page 7. (Read 1397 times)

If I can remember very well the type of gambling I was addicted to, it was football betting, I only tried tennis few times but bet more on football day to day, taking leagues in Europe, Americas (especially the south America like Brazil), Asia, Australia and even Africa like top league in Morocco, Tunisia and Egypt. I have bet on in-play matches several times. All I have noticed was that football betting is gambling, there are just different types of gambling.

I was still able to know that if betting horse or dog racing, roulette and other non sport related gambling, I have high risk of losing, but I thought I could analyze if betting on football, I only realized I was deceiving myself when I have lost a lot, losing, trying to make corrections, but yet my money was only going to the gambling sites and I was losing than gaining.

If I analyze, it will be almost similar to what are on prediction sites, I analyzed based on the head-to-head, all matches they have been playing from the beginning, the last five matches played by the two clubs and the likes. But yet I lost a lot of money. On in-play, I used something like goals on target and possession but yet I lost a lot of money.

Football gambling sites are making more money even just with football, that is why you will even see many small leagues on their betting sites and the companies continue to grow.

If I was mindful of all other gambling that they are risky, thinking I can use analyses made me fall into being a football gambling addict for 5 years and some months.

I read a news about a guy that his father sold his only one plot of land just for his son to travel abroad, he travelled, earned around $12500 and returned to the country and started selling cloth, his friend introduced him to gambling and he lost all, maybe he lost to virtual bets but it was on football gambling site. He was arrested because he later become an arm robber.

All are gambling and they are risky. See little odds for big clubs and small odds because bookmakers only try to make all the profit. I am very certain about this that gambling, including football betting or other sport are all still game of luck.

Although, we can all have different opinion about this. This can be a good topic on its own, but definitely, people will choose it to also be gambling, but just telling the difference it has from virtual and other type of betting.

Trading is not something that is technical likes gambling which is head-to-head directly. This is more about the indicators and charts of the price, head to head maybe from order book and buy?
But, trading can be said as gambling because when doing trading, someone is doing that without any analysis, they are trading only based on luck when buying the coins at a certain time and then selling them at a certain price. So, they have no exact analysis of when to buy and sell, only based on hype and luck only

Before you say nobody can be a professional at gambling, you first have to under what professionalism is all about and to correct you, we have professional gamblers. Just as many mistake gambling for trading, that's how many mistake sport betting for actual gambling. To understand what gambling is all about, visit your local casino or Vegas as suggested by NeuroticFish. The only football activity that I would consider actual gambling is playing virtual football betting. With this, you don't have to relay on your knowledge of the game but just put in some guess outcome in anticipation of a win. Understand that sport betting is a casual form of gamble. When you want to taste the real deal, you try luck games.

Majority of the modern day traders actually gamble thinking they're trading just as the modern day investors think speculating on multiple coins without any fundamental background check to determine if they're worth investing in is investing. The industry has made it seems like fundamental research don't matter anymore as any crab with the right marketing can pump their way to the tops in the market ranks but don't forget, they'll always crumble down just as Terra Luna, Bitconnect, BCH etc.

You can compare it to gambling and always it happens if you don't have the knowledge about trading. I'd see this as very unusual to think like that as in trading no need to be lucky but rather must have to be strategically wise in doing this.
Though we only have two possible results upon trading (loss and profit), we can also make it more on the gaining side if we are good at this  - strategies and decision-making are changing factors that could affect the results and these are the thing we need to acquire.

We should put up in our mind that there difference between;

Investment
Leisure/Enjoyment time

Both does have risk but the level of risk would be entirely depending on how you've been dealing with it.
We know that gambling is mostly relying on luck which is not that the case on  trading which does need extreme effort and analysis for you to end up profitable.
You could able directly to determine between the two if you do able to experience it for yourself.

This is a good one to summarize everything, if you do trading you should be more knowledgeable on how it works and that is more about responsible trading but if you do it carelessly and without any analysis, that’s the time you can call it gambling because you depend on luck. Gambling is not bad at all, its risky but if you know how to control yourself then you can be fine. Don’t confuse yourself about trading and gambling, just know where to focus.

Trading give us a lot of ways to win and make profits especially with proven skills and strategies, but with gambling whether you are a certified professional gambler or not, losses are still inevitable. That is why if you come to gambling, do not expect too much profits as everyone is doomed to lose and experience defeat. While others are benefiting in gambling maybe because they feel always lucky, but in trading you will only benefit from it using your own knowledge and experience as it gives you more advantage if you have good market analysis and good strategies to overcome the market uncertainties.

In my opinion, the example above is still relevant and can be separated into each of its more distinctive characteristics. Rather than out there, there are still many beginners who do not know the trend and direction of the market, filtering news about the market that is not searched for deeper truth still says that their actions are trading. Even in gambling, just bet where he wants, on any club according to his instincts without considering other factors.
So for me, the conclusion is that those who include a combination of trading and gambling are those who rely on instinct when dropping money. That is what confuses the definition of gambling and trading into such an indistinguishable parts.

But we know that there are type of gambling games which do also required skills and knowledge like on sports betting and card games but can we consider it out to be on the same risk when we do trades?

No it cant but its on the same set-up or arrangement on how things should really be done or engaged on. Trading could really be ending up like on doing gambling if you havent do anything
or simply guessing out on where prices would go and doesnt really made out some analysis or basis on regarding with your actions.

So if you do tend nor plan to make yourself sustainable on long term then you shouldnt really be that acting like you are gambling whenever you do
make out some trades.

Taking risks and looking for profit are two characteristics that are common to both trading and gambling.

The two are obviously different: with trading, you need knowledge and skills to make a profit, while with gambling, you simply try your luck. The profits and risks that come from gambling will be random and you cannot calculate or analyze. But if you trade without knowledge then you are probably gambling.

Trading and gambling may somewhat be alike because both share risks. However, with trading, your profits rely solely on how you trade using your strategies and skills, if you are a pro trader, the outcome will have more chances to be on your favor. While in gambling, whether in sports betting, slots or lottery, there will always be chance based or luck. And the fact that you're gambling, its mostly the house that takes an edge and wins over the players. Trading may most likely to fall in gambling when you trade without bases and predictions, because in gambling you can't predict anything, everything are just driven by chances or luck. And this is one thing that pro traders should have to avoid to prevent unexpected losses.

Though there are similarities between gambling and trading based on their analytical point of view, however the former is more riskier than the latter, their obvious and sure ways of earning profit consistently in trading for instance in a crypto bullish or bearish market that is well trending experience traders do earn profits based on their vast knowledge of fundamental and technical analysis, however in gambling a lot of upsets can be created, a situation where the undergo defeat a big team thus losing a supposed winning bet is very common especially in soccer bets.

Gambling is mostly based on luck and there's no assurance that you can make a profit after releasing or depositing your funds. It has a huge risk of forfeiting and losing. Just like gambling, trading has also its risks but as long as we're knowledgeable of what we're doing, we can deal with the risks of the market's volatility.
Trading could be learned as well as the technical analysis and strategies that we could apply. It's mostly a skilled base investment and as long as we know how to deal with the market and how to choose potential coins, we can make a profit from it no matter what the market situation is.

If you are doing spot but know nothing about that, like buy something when it was at ATH or in pumps, you're pretty much taking a gamble tho. Looks at the LUNA case where it drops more than -99% of its value. Even if you buy it when it was around $1, the coin still drops down as low as $0.00001. For gambling bets, there were certain games where you can get your money back without losing or winning too. So it isn't like 50 wins: 50 loses odd, either lose your money or win big. If you're irresponsible with your money and invest randomly without any reason then you're gambling with your money.

It's irregardless of the type of trading. People can trade futures in a "smart" manner.


Taking a loss with a trade to prevent further potential losses can be a smart thing to do and is a thing that's commonly used. It's called using a stop-loss, which is a great exchange feature.

I guess it only applies to futures trading. while those who trade spots I think far from a gamble.
the results of gambling bets we never know the results. the term 50 wins: 50 loses. or maybe a draw. whereas in trading, even though we are at a loss, we consciously can not sell it at a loss. so we won't lose anything. because the assets we have still have the same amount. although its value is reduced.

Trading can be likened to trading when you don't analyze the coins you want to buy or sell because you will decide randomly and don't know what's going on in the market. You only follow what other people suggest from forums, chat groups, social media or others so you don't have an analysis of why you decided that way.

If we do not try to analyze the indicators available in the market and guess where the market direction will turn for a while later, it can make us wrong and get lost. So before you decide like that, you need to analyze it first so you don't make the wrong decision.

If it's the definition alone they're certainly far to be likened as one. Gambling more likely dependent on the chance but not all gambling related games aren't the same case, so do it is in trading. Trading feels like as gamble but it's only for those trader that wouldn't take much more seriousness on their trades, same as to those who just want to throw their money for gambling.

Trading can be compared to gambling in the sense that in both of them you basically make 'bets' on the outcome of a certain event at a certain time.
But there is a big difference between the two --> in gambling you are doomed to lose while you can make a good living out of trading, but it takes tremendous amount of work and dedication.

Another important distinction is that in gambling you always know how much you're losing on a single game (you can't lose more than what you bet), while in trading you can get your whole account erased if you don't apply sounds risk management principles.

Trading still stands as more critical and more research driven than gambling. The only gambling game that can be said to have research is soccer and real physical games like basket and field games. Games in casino and fictional games are not based on research.

Trading also has professionals that can predict with chart and indicators and whether it takes longer time or not it obeys into the technical analysis. Trading is not a game and not based on chance. If you are trading and losing and with what you see in your chart as you monitor the price action, spikes and candles, the price can revert your losing trade into profit.