Combination of gambling and trading - page 6.

Kong Hey Pakboy

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Quote from: danherbias07 on July 27, 2021, 02:06:55 AM

Bro, if you are gambling too much and you think it's time consuming then it's not a hobby anymore. It was suppose to relieve your stress and not add further problem for you. Now trading, it's different. You might want to not combine them at the same time or else you might confuse your gambling habits risking more money at the process.
Try to identify where you are really good at then focus on it and lesser time with the least of your choice.

For me, it's not healthy to combine this two because you won't know until it happens when you become so addicted that your trading is affected because you involuntarily think that you are still gambling and in turn make the wrong decisions. @danherbias07 is right, combining won't get you anywhere although I disagree that we should identify where we are good at when we can just completely remove gambling to further focus on trading.

semobo

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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.

IMO, you are doing it completely wrong, trading is not a joke so you need to spend more time on making your decisions then only you can make profits. In trading, you can make money and lose it as well just like gambling but in trading your skill decides everything with a bit of luck but in gambling your luck decides everything all you can do is to limit your gambling activities and escape from huge losses.

Trading is a job while gambling is an entertainment activity so now you need to decide which one you should go hard at.

xSkylarx

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Quote from: cabron on July 27, 2021, 02:35:34 AM

Nice multitasking. Grin

If you wanna do it together then just go for binary trading, its sort of a gambling game at the same time betting which price is going whether up or down. That should solve it. You find your way to become a full-grown multitasker. It should be difficult if you master both or just focus on one thing.

Binary trading is a combination of trading and gambling in which you must predict whether it is really going down or up, but binary trading is that you can predict it or have a high chance of winning if you understand the fundamentals and technical analysis in trading because you are reading charts, but you can also try your luck or guess whether it is going down or up, and it is very simple to play. Though many people claim that the platform is not being fair because they are manipulating it because it only takes seconds or minutes.

cabron

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Nice multitasking. Grin

If you wanna do it together then just go for binary trading, its sort of a gambling game at the same time betting which price is going whether up or down. That should solve it. You find your way to become a full-grown multitasker. It should be difficult if you master both or just focus on one thing.

SquirrelJulietGarden

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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

It's time for you to take a long break. As human, we make stupid things when our body are tired, and our minds are not fresh. Let take a break and give your body a bit of time to refresh.

Quote

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 are newbies in both trading and gambling, you must choose trading first, and skip gambling. Gambling should be played for fun and with your free money. When you are rich, you can use your money to gamble. If you are poor or have yet been rich, don't gamble.

You will nearly not be able to control yourself and can not gamble responsibly.

Trading is bad too if you use Margin or Future trades. My advice goes to Spot trading or hodling.

danherbias07

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Bro, if you are gambling too much and you think it's time consuming then it's not a hobby anymore. It was suppose to relieve your stress and not add further problem for you. Now trading, it's different. You might want to not combine them at the same time or else you might confuse your gambling habits risking more money at the process.
Try to identify where you are really good at then focus on it and lesser time with the least of your choice.

Wexnident

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Turn off your brain when gambling, Turn on your brain when trading. Unless it's sports your gambling on that is. If it is, then maybe turn it on by 50%, if it isn't and it's the standard slots, poker, dice, etc., then fr, turn it off. Gambling is there to enjoy, not to tire you out. Trading itself already takes a huge toll on your brain since you closely monitor whatever market you invested in, so trying to tire yourself out more with gambling since to defeat the purpose of enjoying it or whatnot. If you're gambling for money, then stop, like legit, stop. Concentrate on trading since that's already your money-making scheme.

rodskee

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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.

Trading is reasonable to spend more time and sleepless night , But gambling ? don't do this thing together because you will be facing hardship in everything you do and also in your fundings .

Imagine that gambling is 90% risky and added Trading in which 50% risky.

Meaning that you are risking everything in you together with your health as mind and body are facing such difficulties .

maxreish

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Im doing that two things at the same time. But I am not a day trader, I am a gambler and a long term trader. You have to decide which type of a trader are you going to be. If you will be a day trader or a scalper or lets say a swing trader which requires a lot of time to read technical analysis every now and then.

There are a lot of easy to learn gambling strategies and in gambling, you can just set a goal profit in a day, that way you will still play while earning and will still have a time for both trading and gambling.

Saint-loup

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Quote from: tippytoes on July 26, 2021, 07:31:25 PM

Quote from: Saint-loup on July 26, 2021, 07:26:12 PM

You can do this 2 activities at the same time IMO, but if it's too time consuming for you, you should limit the amount of time spent in each of these activities. On which game are you gambling precisely? You should try to place less bets per day and making less daily trades.

Combining these 2 activities is indeed time consuming. If you are not ready to this kind of lifestyle, better know what are your goals first why you are doing these 2. Both can incur you losses, but certainly, gambling will bankrupt your funds if you don't know how to strategize your games. Plan ahead, set your limits, know your goals for the day. Because if you don't know what you wanted to achieve, you will really get lost in the process.

Why would gambling bankrupt his funds more easily or more quickly, I don't understand. It's basically the same thing you've too predict an outcome that nobody knows and to bet money on it. In trading you must pay fees on all your trades and in gambling you have the house edge but at the end it's the same thing, you can lose as much money in trading and even more, as in gambling.

Mahanton

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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.

Time management is the key and also you should separate leisure time with investment because this is totally different and dont even bother nor try on making gambling as a source of income.

Be have in control with your finances and only spent out that you are willing to lose and dont compromise on profits that you had made in trading.

If you do able to see that you are overdoing it then better stop and try to realize things on what you should prioritize first.

tippytoes

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Quote from: Saint-loup on July 26, 2021, 07:26:12 PM

You can do this 2 activities at the same time IMO, but if it's too time consuming for you, you should limit the amount of time spent in each of these activities. On which game are you gambling precisely? You should try to place less bets per day and making less daily trades.

Combining these 2 activities is indeed time consuming. If you are not ready to this kind of lifestyle, better know what are your goals first why you are doing these 2. Both can incur you losses, but certainly, gambling will bankrupt your funds if you don't know how to strategize your games. Plan ahead, set your limits, know your goals for the day. Because if you don't know what you wanted to achieve, you will really get lost in the process.

blockman

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You focus on trading and you only gamble whenever you're free. But if that's not the case, you choose your priority if you feel that you're overdoing it. It should come from you on which of the two you must put most of your time and money and aside from that, you're also the one to determine on which of the side you're performing better. If you're better at trading, stay and have most of your time there but if it is in gambling I think you do it vice versa. You'll see that people will post about gambling only for fun but there's a fact that there really are people who make a living out of gambling and if you think that you are that type of person, only a few out of many that do it.

Saint-loup

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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 can do these 2 activities at the same time IMO, but if it's too much time consuming for you, you should limit the amount of time spent in each of these activities. On which game are you gambling precisely? You could try to place less bets per day and making less daily trades to begin or limiting the variety of the cryptos you're trading and events you are betting on.

Tessnik

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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.

Topic: Combination of gambling and trading - page 6. (Read 770 times)