Topic: Flip or Trade? What’s The Bigger Gamble? - page 8. (Read 1753 times)

Some trading fall into loss and we can not deny the fact that there's a time we will loss in trading but if you trade In a good and trusted platform then there's a chance to have a good profit, cause trading will give you a satisfied moment once you are in the right place even though it is to risky but still worth it. While in gambling it will base on your luck once you have your luck then you will win a big amount of money that can feel you great.

Realizations made would really be entirely be only known in the end of the line or something on the time that they would really be experiencing some issues or errors because of what they had just made.
In todays world or era on which informations could really be passed up so easily on which you are really that exposed in tons of information which been shared but the issue on here whether those things are realistic
or something delusional and since we are really just that complete new or noob into this industry or market then you would definitely be molding up with those false impressions which would lead
into those unrealistic targets just because you had seen up somewhere into those people who do earn.

If you dont really make yourself that something mindful about those realistic approach or on what things should be done then you are really that prone to errors which might cause losing of money.
If you dont really be making yourself that wise then you do know on whats next. Dont let yourself just simply wait for those things to happen but rather act accordingly or
something that do talks about being versatile and able to adapt.

Gambling and trading are always compared because of the risk associated with both of them because in both trading and gambling, you can lose all your money in a go and that is why most people compare both of them to rank them the same since their risk levels are are same.
But in operation both are different and in most cases are referred to as coins with opposite faces, so for such an avoidable bad experience, you need to risk what you can afford to lose and be okay with.

Some people will say that there are similarities between trading and gambling and most will say that they are very different and for me it depends on each concept.
If it is long term trading or more like long term investing in top coins I think it is not about luck but like investing in gold we just need time to wait for the price to rise and just like long term trading in bitcoin and we all know how the price of bitcoin has been over the years and has a very high price increase and this is what I call how their concept in trading is so it doesn't depend on luck unless trading on unpopular coins this will be a different concept when the price is very fluctuating and also usually unpopular coins will depend on the price top coins like bitcoin.
In essence, everything still depends on luck, but in each concept and the difference is in losing money more quickly in gambling and trading, losing money slowly and we can still prevent it.

Your perspective highlights the distinction between day trading and gambling, emphasizing the strategic approach in trading against the purely luck-based nature of gambling. However, I’d like to revisit the notion of predictability in trading. Despite the strategies and analysis, the element of uncertainty and unpredictability never truly leaves trading. You mentioned that good day trading analysis can definitely predict the day’s trade, but even the most seasoned traders can be taken aback by sudden, unanticipated market movements.

My perspective aligns with the idea that while technical analysis and strategies are universal and available to everyone, they don’t assure a certain advantage. Isn’t it similar to gambling in that sense, where despite understanding the game thoroughly, the outcome might still be unexpected? The math part is consistent, but market conditions aren’t. Without leveraging big data and high-frequency trading backed by significant infrastructure, how far can basic arithmetic take a trader? This circumstance accentuates the role of luck in trading, making it not so different from gambling in terms of unpredictability. Many might be under the illusion of outsmarting the system with basic math, ignoring the substantial role that luck or unforeseen events play in the trading world.

Absolutely, I see your point. Shifting the perspective to a game like Rock Paper Scissors or even Poker, where analysis and prediction play roles, adds a new layer to the conversation. Yes, you can apply some form of technical analysis to make predictions in these games. However, would you count winning in these scenarios as trading? They do involve skill and analysis like trading, but they lack the financial markets' complexity, global impact, and economic indicators. The comparison is thought-provoking, yet the distinctions still remain significant.

I'm intrigued by your assertion that thousands in your country live off trading income. Is there tangible data to support this? Globally, less than 10% of professional hedge funds consistently outperform the index, so the claim that thousands from your locale consistently profit from trading seems a tad optimistic. Is it that these thousands are a subset of a much larger group of traders, with the majority not faring as well? It reminds me of the selective memory some gamblers exhibit, recalling their big wins while conveniently overlooking their losses. Can you shed some more light on this?

It's all about how much dedication you have and whether you strive to learn and grow because there are countless people all around the globe who are living their lives off of the earnings from their trading activities. Day trading can provide someone the daily bread but only if they learn everything and understand the market very well before they get involved, you can obviously not earn a daily income from it if you are not even serious about it.

There are thousands of people from my country who are earning money through trading and they are earning pretty well, but I've never heard that someone is earning a daily income from gambling constantly for a lot of time because gambling isn't designed that way, it's not to provide you with constant earnings.

You're right, gambling has a significant difference between trading irrespective of its kind, they will both exist independently and we need a broader explanation to what constitute their differences despite their look alike in some aspects, if you trade, you don't completely loose your money like that in gambling that is winning or loosing at ones.


Gambling is also about how skillful you are in it because some games we play while gambling may depend on luck or skills, while in trading, there's a foresight on the market direction through what the trading chart gives after which you might have speculated the current market status.

I think that all the same, this is not the same thing, when we toss a coin, the chances are 50/50 that one side or the other will come up. And we cannot influence these chances in any way (unless, of course, the toss occurs in an honest manner), we cannot analyze and predict anything. In trading, we can study charts, engage in technical analysis, take into account the news background and other various sources of information, that is, this is no longer a lottery, here it is closer to something understandable

The main difference between day trading and gambling is that gamblers play the available odds while traders develop strategies based on market trends, price movements and past performance. Gambling depends entirely on luck. And those who can do good day trading analysis can definitely tell where the day's trade will go. So since the trade is predictable it is not gambling at all and those new traders do not understand anything. If they buy or sell trades leaving it to luck they will call it gambling because they do not understand what trading is all about. Such traders cannot sustain this gamble for long because if luck always goes against you then survival becomes very difficult. These will depend on the individual's skill in flipping coins but are difficult in gambling.

If that is trade binary options and future trade I have the principle that it is gambling even if you use the formula and whatever it is in it to predict prices.
For me personally about trade, the first requirement is the existence of goods that are sold clearly (a simple example when you buy Bitcoin, Bitcoin will enter your wallet, and when the price goes up you sell it, it is a simple example that I believe) can be at Say it is a trading spot, and I don't consider gambling, whether it's long or short term.

But for them when guessing up or down, short or buy, and have a multiplier that also makes it interesting and no items enter your wallet, I personally admit it is the same as the practice of gambling.

You seem to have a very limited knowledge about day trading which is probably why you are preferring gambling over it because someone who understands that day trading can give someone significant profits if done in the right way would never choose gambling over it.

Just because some people can't predict the future outcome of Bitcoin's price because they don't have enough knowledge or experience and just pretend to be good in it doesn't really make the whole thing bad. You can't say that day trading or trading, in general, is worse than gambling only because of those inexperienced people.

Those who compare trading and gambling to be the same may be right in their own view and that is because they see both as losing and winning enterprise and none of them is perfect in giving a daily bread and to that extent they could be stating the fact as it were. It is only few traders that can win more both not so regular. The difference that I have read some professionals say is the ability to reduce the probable loses that you can incur in trading but that is absent in gambling. In gambling sometimes after you have clicked your staking then you realized a mistake but you can't correct it or reduce it so you only wait for luck at the end of the day on that stake, to win or to lose on it.

I agree that gambling and trading have fundamental differences, with the former rooted in chance and the latter in skill and analysis. Nevertheless, my concern lies with those venturing into short-term or intraday trading with little to no grounding, inadvertently converting trading to a gamble. The stark statistic that less than 10% of U.S. actively managed funds beat the market over two decades highlights the inherent challenge. When even seasoned professionals with advanced degrees and extensive resources often can't consistently outperform the market, it's daunting to envision how the average Joe could amass the requisite skills for advantageous intraday trading to consistently eclipse market averages.

I couldn't agree more with your perspective on the necessity of analysis and understanding in trading. You’re spot on about the importance of not relying solely on luck and the significant role of attentiveness and analysis in achieving better results in trading. However, I'm particularly addressing a specific group here - short-term, intra-day traders who lean heavily on technical analysis without a deeper understanding of the investments they are making. They may not have substantial knowledge about the companies or the current news that could affect the stocks they are trading. These individuals might have been lured by a flashy YouTube course promising quick riches without delving into the comprehensive study and analysis that seasoned investors undertake. For this group, the simplicity and transparency of a coin flip might indeed be a more fitting and honest gamble, underscoring the contrast with true investors who dedicate time and effort to understand and analyze their investments thoroughly.

On some instances you really need some luck to win on the trades you set but you should never rely on that because if you just trade without doing analysis of some sort of latest events and doing some simple fundamentals then maybe you are at huge risk to lose your money. You need to spend some time or attention on trade to get some better result so if you don't have time to monitor each movement then maybe guess that trading is not for you or those people who's busy on other personal matters.

But still we choose to gamble because the fun factor is so different since dealing with certain risk especially playing along side with your friends is somehow giving us more better experience.

Trading also requires a good dose of luck to go your way though skills definitely help here unlike gambling where you are 100% dependent on luck. However, there are games like poker etc where skill helps along with luck.

This is why trading and gambling are actually pretty similar in more ways than one if you think about it.

If you're day trading you had better have a damn good idea what you're doing otherwise you might as well just throw all of your silver coins down the wishing well.

Gambling and Trading may have some similarities in some sort of way as there's no guarantee whether you earn or win as it varies on multiple factors. By the way, I cannot think how trading can be considered as a job as that may be too far of a stretch to even compare.

While trading may not provide a guarantee of profit but you can strategize your way on minimizing your loss or even control how your money grow, however on gambling it may differ as most games basely rely on luck.