Combination of gambling and trading - page 3.

Beparanf

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Quote from: smyslov on July 29, 2021, 12:03:04 AM

Quote from: Tessnik on July 26, 2021, 06:03:59 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 tried it once trying to do multi-task, posting here and doing trading and at the same time, doing captcha you cannot keep up on trading and doing some other thing it's time-consuming, and your mind keeps shifting from one tab to another, I got a headache doing that and you cannot do anything offline everything is online I gain 5 kilos because of this, you have to get up from your chair from time to time.

What kind of trading are you doing bro? Even a swing trade don't require that stressful work unless you are watching every transaction made on the exchange? You should set a TP/SL when you are trading and just wait for it to trigger your setup, Stop doing a FOMO boy trading or else you will gain more kilos but doing that hassle stuff. Be a smart trader, the only thing you need to make is chart analysis then make a position.

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Quote from: lienfaye on July 28, 2021, 08:59:12 PM

Quote from: rodskee on July 28, 2021, 07:10:45 AM

Wrong , In trading you have more possibilities or gaining if you know what you are doing and know what you engaging but in gambling as it is purely luck ? lol this is not comparable in gambling at all.

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.

Focusing on trading will be better since you can earn money and not playing gambling too often.
That can help you distract your mind from thinking about playing gambling because you will see that you have more chances to make money in trading than gambling.
And once you see that you can get the profit from trading, you will want to repeat the process to get a bigger profit.
In the end, you will not touch gambling and even think that gambling is one of the ways to make money.

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Quote from: Tessnik on July 26, 2021, 06:03:59 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 tried it once trying to do multi-task, posting here and doing trading and at the same time, doing captcha you cannot keep up on trading and doing some other thing it's time-consuming, and your mind keeps shifting from one tab to another, I got a headache doing that and you cannot do anything offline everything is online I gain 5 kilos because of this, you have to get up from your chair from time to time.

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Quote from: Cling18 on July 28, 2021, 08:16:50 AM

Quote from: Tessnik on July 26, 2021, 06:03:59 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 anyone in this category can help me with advice on how to go about combining trading and gambling at the same time.

If you know how to manage your time properly then I don't think there would be a problem. You could set a certain schedule for gambling and trading so you could focus on it well. It's time-consuming but you can handle both once you know how to manage your time. It might sound hard in the beginning but you also have to discipline yourself and apply the first thing first strategy. Don't stress yourself out and try to keep calm so you could still stay on the right track.

With regards to trading the OP should adopt a higher timeframes approach for trading eg minimum of 6 or 12 hour timeframes which is available on binance trading app thus fewer time to analyze a trade maybe 30 minutes before the close the candle that means less stress the OP will only need to monitor a trade once in a while throughout a day.
The OP didn't explain the type or aspect of gambling activity involved for instance if soccer, basketball, table tennis or horse racing betting, slots casinos etc personally I am into soccer betting thus I do analyze on Fridays for weekend matches while occasionally on Mondays if their are midweek matches.

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Quote from: dothebeats on July 28, 2021, 06:44:09 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.

Yes, it's really going to put a lot of stressed on the individual if he wanted both of them.

Even I betting and gambling are already stressful enough, I can't sleep when I have a bet on something what more if you have trading activity as well. And I would rather sacrifice one instead of my health which is the most important thing for everyone here, gambler or not.

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Quote from: Tessnik on July 26, 2021, 06:03:59 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 thought you are stressed because of your redtags Grin

try to find suitable doings that abusing the forum.

Gambling or trading best to choose and never do it both because it is rtoo risky.

Quote from: Dread Pirate Roberts on July 28, 2021, 03:41:12 PM

Quote from: Tessnik on July 26, 2021, 06:03:59 PM

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.

There are traders who adding the element of gambling in trading. but more commonly called speculative. and speculative trading is assisted by elements of reading chart make analysis and trading style of each person, so its like predictions and speculations emerge. So far the people I know who do things like that understand the basics of reading charts in trading. but yes its similiar to gambling but i think its quite different.

there are gambling sites that allows us to either gamble or trade in their platform so best to gamble sometimes then trade sometimes , just do it one at a time.

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Quote from: fortunecrypto on July 28, 2021, 07:00:26 PM

Obviously, you are not good at time management which is very necessary if you are into something that requires enormous time and effort, I've known some people who can do this and still sleep better at night, you should concentrate first on what matters and what you love to do between the two, if you become good at doing the first one then you can include the other one slowly in your activity, do not be to hurry to master both, the most important thing is your health, everything is secondary.

You don't really need to manage your time with gambling though? Managing your bank roll should be plenty enough, meaning have a certain limit. That limit also affects the time you play, so it's basically 2 birds in one stone. Gambling is an enjoyment, while trading is a way to earn money, stop thinking of the two as the same since it's pretty stupid and just messes up the proper mindset that you should have when doing these two, most especially in gambling.

Quote from: lienfaye on July 28, 2021, 08:59:12 PM

Quote from: rodskee on July 28, 2021, 07:10:45 AM

Wrong , In trading you have more possibilities or gaining if you know what you are doing and know what you engaging but in gambling as it is purely luck ? lol this is not comparable in gambling at all.

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).

Well if you also consider sports gambling, then it's quite similar to trading with the aspect of playing in chances and probabilities based on current data.

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Quote from: rodskee on July 28, 2021, 07:10:45 AM

Wrong , In trading you have more possibilities or gaining if you know what you are doing and know what you engaging but in gambling as it is purely luck ? lol this is not comparable in gambling at all.

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.

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Quote from: Tessnik on July 26, 2021, 06:03:59 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.

Obviously, you are not good at time management which is very necessary if you are into something that requires enormous time and effort, I've known some people who can do this and still sleep better at night, you should concentrate first on what matters and what you love to do between the two, if you become good at doing the first one then you can include the other one slowly in your activity, do not be to hurry to master both, the most important thing is your health, everything is secondary.

dothebeats

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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.

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Quote from: Tessnik on July 26, 2021, 06:03:59 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.

Wow, indeed.
Trading especially day trades always spends much of our time all day long. Moreover in my country, it is like trading at night is the best way I can do. And of course, lack of sleep will be here always surrounding us if we cannot control ourselves and also always attracted to pick another trade. That is why I decided not to doa very often daytrade again Cheesy

But of course, daytrade may also give us big profits, sometimes.
And moreover, if we are trading and gambling at once every day, I can really feel what you are experiencing.
Be careful mate, whatever and however the money or interests that you are getting, health is number one. Manage your own time to at least get enough sleep and also entertainment to refresh your mental, physics,a nd also mind,

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Quote from: Dread Pirate Roberts on July 28, 2021, 03:41:12 PM

Quote from: Tessnik on July 26, 2021, 06:03:59 PM

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.

There are traders who adding the element of gambling in trading. but more commonly called speculative. and speculative trading is assisted by elements of reading chart make analysis and trading style of each person, so its like predictions and speculations emerge. So far the people I know who do things like that understand the basics of reading charts in trading. but yes its similiar to gambling but i think its quite different.

Always been speculative and there's always that kind of emotion on where you do really have those kind of thoughts in mind that it might really be going that way when it comes to price movement.

We do really gamble out sometimes towards our analysis even though it isnt that sure but basing off with some sentiment then you do took risk and finding out if you are right or not.

I can really say that there are really times where a trader could really be having that gambler kind of behavior but well its always been risky no matter what angle you do look on.

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Quote from: Dread Pirate Roberts on July 28, 2021, 03:41:12 PM

Quote from: Tessnik on July 26, 2021, 06:03:59 PM

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.

There are traders who adding the element of gambling in trading. but more commonly called speculative. and speculative trading is assisted by elements of reading chart make analysis and trading style of each person, so its like predictions and speculations emerge. So far the people I know who do things like that understand the basics of reading charts in trading. but yes its similiar to gambling but i think its quite different.

^ They had certain differences even though they had quite similarities of each other, it seems like the coin but has indifferent faces.
But if my place, I rather choose to trade than this speculative, you can draw your own conclusion on predicting the market price on your own since you know it already how to analyze and read the chart. To avoid confusion, I rather stick to one activity than combining them all, it seems like you can't focus if there is your gambling speculative and trading which is it need your hourly monitoring. Nevertheless, the amount should always be affordable in your pocket.

Dread Pirate Roberts

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Quote from: Tessnik on July 26, 2021, 06:03:59 PM

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.

There are traders who adding the element of gambling in trading. but more commonly called speculative. and speculative trading is assisted by elements of reading chart make analysis and trading style of each person, so its like predictions and speculations emerge. So far the people I know who do things like that understand the basics of reading charts in trading. but yes its similiar to gambling but i think its quite different.

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Quote from: passwordnow on July 28, 2021, 11:52:27 AM

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.

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Quote from: Zilon on July 28, 2021, 07:02:49 AM

Quote from: passwordnow on July 27, 2021, 06:35:41 PM

The two can be done if you know how to manage your time. You only need to improve your time management and how you handle activities. It doesn't have to be two at the same time but you rather finish one at a time and then you do what's next.
As you combine two, you can set the time for your daily activity like you put gambling for this day and trading for the next day, that's possible if you don't want to remove any of these activities from your daily living.

Time management is very Paramount if he truely wishes to combine both but I bet he will not manage his emotions and once a gambler tries trading he would want to use the greedy nature he obtained from gambling into trading. I would rather suggest he focuses on one become perfect at it then he can possibly decide if the other is worth investing his time in.

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.

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Quote from: Tessnik on July 26, 2021, 06:03:59 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 anyone in this category can help me with advice on how to go about combining trading and gambling at the same time.

If you know how to manage your time properly then I don't think there would be a problem. You could set a certain schedule for gambling and trading so you could focus on it well. It's time-consuming but you can handle both once you know how to manage your time. It might sound hard in the beginning but you also have to discipline yourself and apply the first thing first strategy. Don't stress yourself out and try to keep calm so you could still stay on the right track.

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Quote from: john_nautica on July 28, 2021, 07:28:25 AM

Just like what you have said you can't handle it so why are you insisting on combining the two? I think you should focus on one, choose which do you prefer. But if you're going to ask me I go with the trading because if you lose in trading there still a chance of recovering since the market goes up and down while in gambling if you lose, you lose.

If we are talking about margin trading, then there is exactly the same situation - if you have not guessed the movement, then you lose the bet and the reverse movement will not help you. But even if you do not use margin trading, the situation is similar - those who bought bitcoin at 20k in 2017 had to wait three years to make a profit. This is more like investing than trading.

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Quote from: robelneo on July 28, 2021, 02:14:58 AM

My question is, is it worth it, that you are getting depressed and your health is deteriorating because of over thinking and lack of sleep, do you want to earn money which you will use for hospitalization once you breakdown, you should take a break and thinks about what matters most, trading and gambling is indeed consuming, but you should do it the right way and you are comfortable doing it, if your multitasking is giving you headache and depression, it's time to take a break.
One of the most important things in life is you can sleep well, it's your road to good health.

I hope every trader especially newbie trader find a time for themselves to rest and relax from their stressed out trading and gambling activities. Honestly, it is not really worth it to deprive your health just to be able to learn but at some point it is also worth it to be able to learn how to gamble and trade at the same time but first set your health at the top priority. It is better to take a small step at a time but meaningful.

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Just like what you have said you can't handle it so why are you insisting on combining the two? I think you should focus on one, choose which do you prefer. But if you're going to ask me I go with the trading because if you lose in trading there still a chance of recovering since the market goes up and down while in gambling if you lose, you lose.

Topic: Combination of gambling and trading - page 3. (Read 864 times)