Combination of gambling and trading - page 2.

harizen

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Quote from: Rruchi man on July 29, 2021, 10:05:41 PM

It is advisable that you, do these activities at the same time each day to help you develop a routine or pattern and to get your brain prepared.

OP puts himself right away in a time-consuming activity while also doing other chores at the same time and that leads him to an endless lack of sleep at night.

Because of that, his brain is tired to cooperate with things that he really wants to do. And a result, OP is struggling how to manage properly his time to gambling and trading making it difficult to win every time.

It's not necessary to do those at the same time if handling them both is currently a problem. OP needs to do it slowly by surely. By proper time managing, OP can overcome that soon.

Rruchi man

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You feel this way because you feel a lack of control. Here's my two cents. I hope it helps. First off, what are your goals for these activities? To make money? Yeah? How much do you how to earn doing theses activities ? After you have answered these questions, next thing is to prioritize the time you'd spend on each of these activities. I'd counsel that you plan these activities a day before hand. This is help you have a focus on what you intend to achieve each day doing these activities. It is advisable that you, do these activities at the same time each day to help you develop a routine or pattern and to get your brain prepared.

You'd see as time goes on, you'd start feeling good about yourself once you are able to achieve your daily goals on these activities no matter how little they are. By this time the stress would have completely disappeared because you are now in charge.

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Quote from: Fredomago on July 28, 2021, 01:02:58 PM

Quote from: passwordnow on July 28, 2021, 12:52:27 PM

We will know if that's how he's like but as long as he's looking forward to doing the suggestions that he has seen on this thread, that's for him to decide.
But if he thinks that he has to choose one with what you and the others have suggested then it's also up to him if that's fine for him. And as long as he's happy with his choice and has raised awareness for himself with what he's about do, he should be fine choose both or any of it.

Besides, it's his money to spend and whatever decision he choose to follow, everything depends from how he will execute.

Success or the other way around, the only thing here is to read and learn coming from those experienced people who are sharing their experiences within this topic.

Nothing change the fact that whatever he takes the ride will rely withing his shoulder to succeed.

Yes, it's his money to gamble and to trade so it's really his decision entirely at the end and it should be decided by him with all of the possibilities, pros, and cons as he chooses what he has to do. He can go with the two of these later on and check it out and do some experimentation on which side he's better. Since it's just two choices, he doesn't have to think that much about it and do what he really thinks that he's good with.

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Quote from: TheGreatPython on July 29, 2021, 03:17:23 PM

Drawing comparisons between trading and gambling is quite funny.

Trading is meant for earning money by predicting the market movement based on news,etc.

Gambling is meant to spend the earned money by playing games which you like and at times winning which will keep you interested in gambling. If you only lose in gambling, you will be bored within a week.

Many experts regard trading as gambling (especially short and medium-term), there is nothing funny about it. Studying the news will not help you to predict the direction of the market in any way, since the market price already takes into account all the news. If you do not have insider knowledge or you are not a market maker, then in most cases trading will not differ from gambling.

ChiBitCTy

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Quote from: Tessnik on July 26, 2021, 07:03:59 PM

lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.

My suggestion to you would be to slow down or stop all together, at least for the time being. As a financial advisor I have to explain quite often to my clients that actively trading tends to be very complicated and not something most people should be doing unless they’ve got a lot of expertise in the area. Take a break bud, relax, and get more sleep or you’ll continue feeling miserable.

carlfebz2

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Quote from: carlisle1 on July 29, 2021, 12:34:25 PM

Quote from: uneng on July 29, 2021, 12:27:33 PM

What kind of trading are you referring to? If it is day trading there is no difference if compared to gambling: they are the same thing. You can research whole days without sleeping that it won't guarantee you any profitability in the end, because luck is also needed besides knowledge regards the crypto assets or gambling games you are engaged on, since games' results are random and crypto fluctuations are speculative, not being possible to justify them with logical predictions most of times.

Just keep in mind these activities aren't so easy and profitable like some people make it sound on the internet and take a break sometimes. Don't rush into gambling and trading. Do it a little every day or every week and you will find out if it worths for you or not.

Many sleepless night and many mistakes that will take place if you are rushing into day trading, same with gambling without any luck after doing your research and assessment you still going to find yourself losing your trading positions.

Never ever to believe with social media influencers that trading or gambling is just an easy as it is.

Better to say that it an easy way to lose it all if you don't know how to limit yourself and you not fully aware of those possible risk that you are taking.

Yeah,it is some sort on needing some luck when dealing with unpredictable market but this isnt really like gambling where odds or chances on making profits is not really that worth of to make out some analysis.

We do increase the chance on having a profitable trade if we do know on what we are doing unlike when we are just playing gambling where it isnt really necessary to have this factor.

Dont ever treat that trading would be similar or would really be in combined with gambling because it is really totally different.

TheGreatPython

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Quote from: lienfaye on July 28, 2021, 09:59:12 PM

Of course we have more chance to earn in trading unlike in gambling that is more on luck. What I said is they have similarities, it means they're associated with risk thus a guaranteed profit is not certain and it depends on our strategy (if you trade).

On the other side if you cant manage your time to do both, then might as well focus on what you most prefer to do. Dont force yourself if its giving you a hard time because your health might put at risk.

Drawing comparisons between trading and gambling is quite funny.

Trading is meant for earning money by predicting the market movement based on news,etc.

Gambling is meant to spend the earned money by playing games which you like and at times winning which will keep you interested in gambling. If you only lose in gambling, you will be bored within a week.

carlisle1

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Quote from: uneng on July 29, 2021, 12:27:33 PM

What kind of trading are you referring to? If it is day trading there is no difference if compared to gambling: they are the same thing. You can research whole days without sleeping that it won't guarantee you any profitability in the end, because luck is also needed besides knowledge regards the crypto assets or gambling games you are engaged on, since games' results are random and crypto fluctuations are speculative, not being possible to justify them with logical predictions most of times.

Just keep in mind these activities aren't so easy and profitable like some people make it sound on the internet and take a break sometimes. Don't rush into gambling and trading. Do it a little every day or every week and you will find out if it worths for you or not.

Many sleepless night and many mistakes that will take place if you are rushing into day trading, same with gambling without any luck after doing your research and assessment you still going to find yourself losing your trading positions.

Never ever to believe with social media influencers that trading or gambling is just an easy as it is.

Better to say that it an easy way to lose it all if you don't know how to limit yourself and you not fully aware of those possible risk that you are taking.

uneng

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What kind of trading are you referring to? If it is day trading there is no difference if compared to gambling: they are the same thing. You can research whole days without sleeping that it won't guarantee you any profitability in the end, because luck is also needed besides knowledge regards the crypto assets or gambling games you are engaged on, since games' results are random and crypto fluctuations are speculative, not being possible to justify them with logical predictions most of times.

Just keep in mind these activities aren't so easy and profitable like some people make it sound on the internet and take a break sometimes. Don't rush into gambling and trading. Do it a little every day or every week and you will find out if it worths for you or not.

blockman

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Quote from: coin-investor on July 29, 2021, 10:21:33 AM

You have to be exceptionally great in time management and analyzing, if you can't do that you are going to lose money and sleep because it requires great effort and concentration if you want to handle both, you will end up losing on both, it's better to pick only one and have a good sleep than master both but have a sleepless night.

Not that really exceptional, as long as you can manage your time and you know how to analyze than that should be enough. Why sleep is about to lose? you can trade at any time without any need of sacrificing your sleep. I agree that when you trade, you must have a good sleep but you don't have to go up to the point of having sleepless nights as you trade. And if you're gambling, you can have those right time of doing it the same as having no need to sacrifice your sleep.

Smartprofit

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Quote from: Tessnik on July 26, 2021, 07:03:59 PM

lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.

I would suggest creating two virtual subpersonalities - John and Tom.

This is necessary because trade and gambling are fundamentally different types of human activity. These two types of human activity should not be confused with each other.

Let John (subpersonality) be an experienced trader. Tom (subpersonality) is a player. Allocate to each of these subpersonalities a certain time, respectively, for the game and for trading. When you are John, you are not Tom. When you are Tom, you are not John.

Getting enough sleep is also important to stay alert and energized. Let yourself sleep 8 hours a day.

This will allow you to be a successful trader and a successful gambler at the same time.

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Quote from: Tessnik on July 26, 2021, 07:03:59 PM

lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.

Well newbie's are actually doing it both at the same time gambling their money on crypto trading.
They are playing it without even knowing how to trade most of them are just listening to signal groups or just came because of the hype/someone they know who earns a lot in crypto or some famous personality.
My advice for you OP is take it easy try to focus on one thing and when you got it try to learn the other one.

coin-investor

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Quote from: Tessnik on July 26, 2021, 07:03:59 PM

lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.

You have to be exceptionally great in time management and analyzing, if you can't do that you are going to lose money and sleep because it requires great effort and concentration if you want to handle both, you will end up losing on both, it's better to pick only one and have a good sleep than master both but have a sleepless night.

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Quote from: dothebeats on July 28, 2021, 07:44:09 PM

You should let go one of them otherwise you'll just be stressing yourself and putting your money and financial security in danger, especially if you trade and gamble out of frustration. I would suggest that you focus on just trading as gambling is basically a one-way street with no assurances that you'll hit the jackpot and make bank with it. In trading, you can always adjust your approach and put yourself in a position wherein you will be able to minimize the risk without sacrificing much of your profit.

Or just learn a skill, be a tradesman and make more money than you'll ever do with gambling and trading combined.

Totally agree with this one, and I suggest letting go of gambling more than trading or whatever makes you more money. I chose for you to let go of gambling because I feel like as a gambler, your only way out in the end is just losing money overtime. I can get behind with learning a new trade, it's a good thing to have different skills in this day and age given how fast pace and how picky the employers is, you have to have a lot of marketable skills.

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Quote from: goinmerry on July 29, 2021, 06:22:00 AM

Quote from: Tessnik on July 26, 2021, 07:03:59 PM

lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.

Plan on managing your time. You are not superhuman where you can take many activities at the same time.

Focus on a few things first. Trading is stressful and much more stressful if you will work on other stressful things.

Stay away from being stress. Help yourself to do that.

That is a useful suggestion. I think he can start to select which is important to do and if he still feels stress, he can take a break for a while from his routine and just enjoy his time without doing any necessary thing.

After he can calm down and reduce the stress, he can search for what he wants to do, whether trading or gambling. But we can suggest he not to gambling for a while instead focus on trading and learn more details in trading.

Doing something different from your routine can also solve your stress. I am sure he can found which thing can relieve his stress.

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Quote from: qwertyup23 on July 29, 2021, 04:48:27 AM

The best advice I could give to you is to focus into ONE activity at a time. You cannot juggle two worlds at the same time considering that gambling and trading are two different spaces that are different from each other.

Assuming that you would focus on TRADING, experience is the key. Since you have mentioned that you do research, then continue to do what you've been doing and disregard your ideas on gambling.

Assuming that you chose GAMBLING instead, I would warn you though. I do think that long-term gambling is not sustainable especially if you aim on earning profit due to its nature revolving around luck.

These are good tips, but I can assume that for the author of the topic at the moment, trading and gambling are about the same. How else to explain the fact that he is trying to do these things at the same time. I agree that first he need to focus on one thing and that should be trading. He must study it at least to the level of understanding that will allow him to engage in trading seriously and not as if a bet is being made in a casino.

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Quote from: Tessnik on July 26, 2021, 07:03:59 PM

lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.

Plan on managing your time. You are not superhuman where you can take many activities at the same time.

Focus on a few things first. Trading is stressful and much more stressful if you will work on other stressful things.

Stay away from being stress. Help yourself to do that.

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Quote from: Tessnik on July 26, 2021, 07:03:59 PM

lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.

Both gambling and trading are time and effort consuming I don't think you can be successful on both without having good sleeps, if you cannot keep up and do not have time management I don't think you can succeed on both, you have to pick one to copncentrate your time and effort and one you master th eone you choose, you can integrate the other, slowly.

qwertyup23

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Quote from: Tessnik on July 26, 2021, 07:03:59 PM

lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.

The best advice I could give to you is to focus into ONE activity at a time. You cannot juggle two worlds at the same time considering that gambling and trading are two different spaces that are different from each other.

Assuming that you would focus on TRADING, experience is the key. Since you have mentioned that you do research, then continue to do what you've been doing and disregard your ideas on gambling.

Assuming that you chose GAMBLING instead, I would warn you though. I do think that long-term gambling is not sustainable especially if you aim on earning profit due to its nature revolving around luck.

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Quote from: Tessnik on July 26, 2021, 07:03:59 PM

lately i have been stressed off and depressed because of lack of sleep, i just got my hand on so many thing and among those is trading and gambling this two activities requires lots of research and hard work which is time consuming, and am beginning to feel that am over doing it.
is any one in this category that can help me with advise on how to go about combining trading and gambling at the same time.

If you feel stressed because of those 2 things than you should either take both of those things more slowly or pause doing one of those 2 things or even both things completely for a while. If you rely on the income from trading for you daily living, which would be a bad thing because you never know if you make a profit or a loss, than of course you should slow down or stop with gambling first. If you are doing both things just for fun or for a little money on top than you can just pause the active trading for a while too. I also would like to add, that the only reason why you should gamble is because you have fun to do so. If you feel stressed because of gambling, than, like i already said it is time to pause until you have fun doing it again.

Topic: Combination of gambling and trading - page 2. (Read 769 times)