Topic: Do you consider trading as gambling? - page 20. (Read 47337 times)

I personally consider trading as gambling as it has the attributes of gambling itself but surprisingly never heard of someone say the are addicted to trading-very odd I guess so I guess they are all a different drug after all

Yes trading is a high risk investment but the only difference is that with trading you can gain knowledge while with gambling you gain frustration and addiction.

If you just want to have fun and lose you should better be considering to try the free version of the game as some sites actually offer the free to play version and you can have fun as long as you like. I wonder why people gamble with real money and have fun with it when they lose, I should just consider spending my money for drinks and stuff which I can have fun with

Winning in gambling is very hard but having fun is the best way to do with our money, we can lose yet it's nothing to us because we were able to have fun and get the value of our money. If we feel that we do not have a good chance of winning based on our record, it's advisable to accept it early so as not to aggravate our loses. When you are having fun, you do not think of your loses as you can afford what you have spent.

It is all our imagination that many people are winning money from gambling but in reality, you don't see so many winners in gambling. Gambling is not made to make money instead it is just to enjoy your free time with small amounts. Don't waste your time and money to make easy money from gambling.

but not everyone lose in gambling, there are so many experienced people who are earning a good money from gambling on regular bases, they are too much professional and experience people. they know all the tricks in gambling that can lead you to success.

Trading can't really be considered gambling.
Coin trading is an investment which is meant to earn from.
Gambling is entertainment and you should just assume you're going to lose.

trading is a profession while gambling is an activity, which consider as illegal activity by some religion, some countries also do not consider gambling as legal activity and they even bane on such activities.

until now I have different views about it. gambling and trading was similar but not identical. that is, you can both earn so much money in a relaxed way, but, gambling and trading is a risk that is completely different. I might still prefer to play the trading of the gambling to make money, because it has a small enough risk.

Yeah in trading you must have skill to predict prices and be patient all the time but in gambling ypu must need a luck of every game to earn.

although both have the same risk, but i think the only difference is that trading require more knowledge and experience as compare to gambling, as gambling mostly depending on your luck and if you are not lucky then you cannot make good money in gambling.

i am not agree with this because as long we have the info about the coins in the market, we can make our prediction for the pump or dump of that coins. as long as we can follow what market wants, then i think we are safe and we can make money. and for me, trading is not like a gambling because the both is different and the risk is different too.

The only reason why its became gambling if you dont analyze correctly if you have lack of knowledge and did not do your research, pro traders always rely with situation they always finding good reason why they will invest and what can be the outcome they always have plan b just incase things wont favor them.

It's a wrong intuition what's being followed since a long time.You know psychologically,it's true but in practicality it doesn't work that way."
Good in what you do" :- Meaning what outcomes to more chances of success when you perform a specific task.Makes sense when you're playing football or tennis.You can really make out how your body reacts to those movements without you having to put in much effort.Pretty straight forward.

When we apply the same logic in current scenario,you cannot control the market to be honest.No matter how good you're with numbers,the market at the end of the day will decide what works for you.

trading doesnt work like that it just you get money instant without doing any work you need to trade your coins in order to lose or gain. but overall trading is just like gambling because your risking your money to lose.

Very nice explanation from you, but TOO BAD all of these are just copy/paste based from this thread https://bitcointalksearch.org/topic/m.17344122
Just wait until your account got permanen ban

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Gambling is indeed more risky than trading, but with that high risks you could win more than you do trading.
You can get back your money when you lose in gambling, just playing when a gambling site held a cashback promotion (but you only can get around ~10-20%from your loses) depends from how big their promotion too.

Yup, everything is indeed supposed to depend on thought and emotion that we use in the gambling or trading. And it is very decisive for us to get the loss or gain, because emotions can change strategy and how to play right into something wrong or bad. So before making any trading or gambling better see myself if we can already control the emotions correctly or not. If it can be answered properly then do something correctly and don't obey our emotions

You can also use those things in poker and for having those things in gambling it can make you a better gambler. Since it is applicable in gambling, better to use it with trading because in it you have the guarantee that you are going to get more profit together if you are going to be that patient enough and wait for your trades. Both of it has also the risk that we can't avoid.

This is key factor and prime difference in trading and gambling you can in trading if you invested bad return some amount of money invested in gambling you will or lose no withdrawal in middle.

Key factor is to be good in what you do not to go for greed as many do in both trading and gambling.

we will look at the hidden ways in which gambling creeps into trading practices, as well as the stimulus that may drive an individual to trade (and possibly gamble) in the first place.

Hidden Gambling Tendencies
It is quite likely that anyone who believes they don't have gambling tendencies will not happily admit to having them if it turns out they are in fact acting on gambling impulses. Yet discovering what drives us to take certain actions can create change within us as the underlying motivators are discovered by the conscious mind.

Before delving into gambling tendencies when actually trading, one tendency is apparent in many people before trading even takes place. This same motivator continues to impact traders as they gain experience and become regular market participants.

Social Proofing
Some people may not even have an interest in trading or investing within the financial markets, but social pressures induce them to trade or invest anyway. This is especially common when large numbers of people are talking about investing in the markets (often during the final phase of a bull market). People feel pressured to conform by their social circle. Thus they invest so as not to disrespect or disregard others' beliefs or feel left out.

Buying some stocks or placing some trades to appease social forces is not gambling in and of itself if people actually know what they are doing. But entering into a financial transaction without a solid investment understanding is gambling, regardless of what the social media portrays. Such people lack the knowledge to exert control over the profitability of their choices. There are many variables in the market, and misinformation or disinformation within investors or traders creates a gambling scenario. Until knowledge has been developed that allows people to overcome the odds of losing, gambling is taking place with each transaction that occurs.

Contributing Gambling Factors
Once someone is involved in the financial markets, there is a learning curve, which based on the social proofing discussion above may seem like it is gambling. This may or may not be true based on the individual. How the person approaches the market will determine whether she/he becomes a successful trader or remains a perpetual gambler in the financial markets. The following two traits (among many) are easily overlooked but contribute to gambling tendencies in traders.

Gambling (Trading) for Excitement
Even a losing trade can stir emotions and a sense of power or satisfaction, especially when related to social proofing. If everyone in a person's social circle is losing money in the markets, losing money on a trade will allow that person to enter the conversation with her/his own story. When a person trades for excitement or social proofing reasons, it is likely that she/he is trading in a gambling style rather than in a methodical and tested way. Trading the markets is exciting; it links the person into a global network of traders and investors with different ideas, backgrounds and beliefs. Yet getting caught up in the "idea" of trading, the excitement, or emotional highs and lows is likely to detract from acting in a systematic and methodical way.

Trading to Win, and Not Trading a System
Trading in a methodical and systematic way is important in any odds-based scenario. Trading to win seems like the most obvious reason to trade. After all, why trade if you can't win? But there is a hidden detrimental flaw when it comes to this belief and trading. While making money is the desired overall result, trading to win can actually drive us further away from making money. If winning is our prime motivator, the following scenario is likely to play out: Jill buys a stock as she feels it is oversold compared to the rest of the market. The stock continues to fall, placing her in a negative position. Instead of realizing that the stock is not simply oversold and that something else must be going on, she continues to hold the position, hoping it will come back so she can win (or even break even) on the trade. The focus on winning has forced the trader into the position where she doesn't get out of bad positions, because to do so would be to admit she lost on that trade.

Good traders take many losses; they admit they are wrong and keep the damage small. Not having to win on every trade and taking losses when conditions indicate they should is what allows them to be profitable over many trades. Holding losing positions after original entry conditions have changed or turned negative for the trade means the trader is now gambling and no longer using sound trading methods (if she/he ever was).

The Bottom Line
Gambling tendencies run far deeper than most people initially perceive and well beyond the standard definitions. Gambling can take the form of needing to socially prove one's self, or acting in a way to be socially accepted, which results in taking action in a field they know little about. Gambling in the markets is often evident in people who do it mostly for the emotional high they receive from the excitement and action of the markets. Finally, not trading in a methodical and tested system, but rather relying on emotion or a must-win attitude to create profits, indicates the person is gambling in the markets and unlikely to succeed over the course of many trades.