Topic: Gambling is different from trading (Read 980 times)

In trading you will use your skills and knowledge to make a position to gain profit you can get an heads up with the possible price market action so you can get an insights what are the next movement to buy or to sell. In gambling you are referring to you luck and skills well depends on it. For the slot games all you need is luck just pull the lever wait for the outcome of the game and that's it also table top games must need to have strategy.
Both are ideal way to earn money but not as always happen more riskier is gambling than trading. Battle against a knowledge, skills and luck.

We can also say that both of them need luck and experience. Only it differs in the impact on our life - as gambling can be dangerous when addicted but trading can be controlled. However, when it comes to losses, I'd see gamblers will possibly lose a lot more than traders and this is because of our mindset and the very usual thing to happen to most gamblers is they keep on gambling when they win thinking that they are too lucky this day. While trading, we can easily get out of addiction and we can improve our skills to have a better output unlike in gambling which could never change our chances to win.

   -  I like what you said, mate, it's very simple, but your answer is clear, there are no tricks, even though we know there is a big difference, because in trading, if you have the knowledge to read the chart, our thoughts as individual traders will not depend on our income. in luck trading.

Whereas in gambling, even if you have no experience, you can earn a lot immediately if you are lucky, and gambling can also change your personality into a bad personality that can lead to the destruction of your family and your friends who are close to you. In trading it is not like that.

Trading and gambling are completely different, as gambling is much more risky than trading. Gambling can threaten you financially because gambling is high risk. If you win in the gambling game, you will get double your money back and if you lose, you will lose your entire money. In this case, trading is not as high risk as gambling. Because if you have knowledge about trading and if you can trade properly then the risk of trading will be reduced a lot. And from here you will get more returns.

Hi Promocodeudo and fellow crypto enthusiasts,

Your comparison between trading and gambling brings up some crucial points, and I generally agree with your perspective.

• Gambling vs Trading: It's true that there's a level of skill involved in trading that's typically not found in most forms of gambling. Traders can learn from their mistakes, adjust their strategies, and work towards improving their odds of success over time. On the other hand, a gambler's outcomes depend primarily on luck and the odds are usually against them.
• Risk and Control: I agree that trading offers a degree of control, especially in terms of risk management. Traders can use stop-loss orders, position sizing, and other risk management tools to limit their potential losses. On the contrary, in gambling, once the dice are rolled or the cards are dealt, the gambler has little to no control over the outcome.
• Investment vs Wager: It's concerning when people gamble with money they can't afford to lose, like their salary or last penny. In trading, a cardinal rule is to never risk more than you can afford to lose. Trading should be viewed as a long-term investment, not a quick way to make a fortune.

It's important to remember, however, that while trading and high-skill gambling like poker share similarities in risk management, decision-making under uncertainty, and the need for skill development, they are not the same. Always approach trading with an analytical mindset, focus on risk management, and continue to develop your skills.

On a side note, trading can be a gambling endeavor if you are making uninformed decisions, emotional, irrational bets, and generally expect to make a fortune with your last $1,000. It's really about the approach we have to things, and a lot of people feel pressured to deal with financial struggles in their life by gambling, either because it worked in the past, or they see no other way. But fundamentally, gambling is entertainment and unless you are playing some of the few skill-based games where you can get an edge, you are unlikely to build a career out of it. If you are in a bad or relatively bad financial situation, talk to a local CPA, see what you can do to start improving your situation vs looking for a quick solution.

Once resolved, gambling will no longer look like an escape plan, but rather a fun past time that you indulge in from time to time.

Happy and safe trading to everyone!

OP, this topic has been dealt with on the trading board and here, Gambling, then it's a flip.

Now! I can make mention that the objective is to make a profit, in both cases, then it doesn't matter if you win in trade, so, another wins in the game and vice versa...ando, why not? If that is achieved in both circumstances.

By the way, I recommend that you play poker, so that you begin to understand how skill in that game also allows you to correct mistakes and obtain benefits.

I think both require skill. But the difference is that if a trader is very skilled, has learned quite a lot of trading tools, and also has some good trading strategies, they will make more profit than a gambler because they know when to go into the market and when to come out, and they will also know when to stop losses and take profits. But even if a gambler is more skilled, they are not very aware of the gamble that will determine their win or loss. In gambling, you don't know at all whether you will lose or win, but in trading, you could use your skill to make more profitable trades than losses in gambling.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Gambling and trading are two different things. Just as there are different types of gambling, there are different types of trading. Gambling can usually be played in several ways but trading usually follows the same methods. Gambling is more risky than trading. Gambling usually requires skill and luck but the profit and loss of trading depends on the traders. If the traders can trade at the right time with the right rules then it is possible to profit from it. Gambling usually has the possibility of losing money completely or doubling the money, but trading usually increases or decreases gradually.

Blind trades is considered to be gambling but its not that right on pertaining it to be literally gambling because it is really just that too different.It would only comes on how its been done and this is why it would be wise
that people should really be taken it seriously if they do really want to make out some profits out of trading. Gambling is for fun and entertainment. People who are in their right minds would really be able to distinguish
between both things on which one is really that one is for long term and one is for leisure. Doesnt really need to complicate up the way of thinking on how to differentiate both, because
using up your own common sense would already be enough on which one is  really worth for your time and which one is really just that good when you do love to enjoy.

And that's prolly because OP had done both things.

Well, there's no requirement for one to compare these two. It doesn't matter whether you like more to trade or you like more to gamble. There's even no decision making needed just to say good and bad stuff between the two.

Everyone understands what's the concept of trading even if it's not in lined with cryptocurrencies. And the same goes for what gambling actually is, we just have to get it from its root and key words.

Simple and very straight to the point, I completely agree with you mate, this is exactly what I've once discussed here, can't look up the thread right now but I guess it's there on my list of topics since it's a thread I started myself.

Gambling remains gambling, and trading can indirectly be regarded as gambling if the trader is carrying out some really blind trades, I've done this before and still do it a couple of times a week, so I have first hand experience in what this is all about, one can still by luck win some trades even without knowledge of what he or she is doing, and most times can still lose, in all, such trade can be regarded as gambling in other words.

Gambling is way different than traders, I don't think they have any similarities other than some tokens which people choose to invest in which tends to make them lose money which is what mostly happens in gambling. If you are trading and using only the spot market, you don't lose money if you are investing only in trusted cryptocurrencies and not selling when you are at a loss.

In gambling, there is absolutely no chance for you to win any money if you are not lucky, and even if you manage to win sometimes, you will eventually lose everything back to the casino because that is how their business model works, gambling games have a house edge which makes the house always win.

There is a big difference between gambling and trading. In gambling you rely on luck while in trading you trade based on your experience, intelligence and knowledge. You are right that whenever a trader makes a loss, he learns from his mistake and makes improvements for the future. While gambling does not have this option.

The biggest rule of trading is to always invest that amount, after losing it, it will not affect your daily life. The goal is to trade with more than you need. While there is no such rule in gambling, here people even sell the things they wear on their body to bet. So trading is much better than gambling as you can control a lot with your guesswork, experience, intelligence and knowledge. The experience gained here can be useful to you and others in the future.

You’re right mate. Luck is essential in both gambling and trading, as one cannot end up trading successfully if there’s no certain luck on the trader. However, while gambling needs a lot of luck to be profitable, trading on the other side requires a combination of luck and skill. An ideal trader needs to make a long time research and develop analytical skills so he can easily read and deal with the different chart patterns that could affect how the market moves. While gambling requires no preparation at all, as long as you see positivity on your bet, then you can start gambling at your own risk.

Yep. Sometimes with the leverage token, AKA shitcoins that you don't know and never heard their name before. Nobody knows the next movement of such coins. For example; we may predict BTC movement or other coins movement that is somewhat established on the market. But when it comes to a coin that ends with some kind of dog or animal name; I am sure those are made for fun, and you don't know what is going to happen with such coins. I would say this is gambling too.

Trading and gambling share some similarities, but there are key differences between the two activities. Trading truly involves making investment decisions based on analysis, your research into the market, and risk management. It requires a deep understanding of the market, and a strategic approach that how you achieve your goals. On the other hand, gambling typically depends on chance and luck, which sometimes hits the mark. It often involves random outcomes and has a higher level of risk, with little control over your asset or investment. Unlike trading, gambling is more hypothetical and lacks the systematic approach that trading requires. So, I think it's better to adopt better principles of trade than gambling

Indeed, what fundamentally distinguishes between trading and gambling is the luck factor. In trading the luck factor does exist, but it doesn't happen continuously, so to be able to survive you have to have a good overall technique. it's different with gambling, where all gambling relies on luck, because technical analysis doesn't exist, and it also can't be analyzed fundamentally, as if it happened only once in a while, there's no future development

TA+FA+ with some mix of Luck!

This is what we do really need on surviving this unpredictable space on which we know that project prices could really go up and down due to some factors. Gambling is not really that something recommendable on this
space on which you do simply buy out without having some consideration whether you are really that making a good decision or just pure guess or gamble. Gambling is different from trading because in trading you are really that applying something to make it less risky as possible on which we know that outcomes could neither be 50-50 chance for it to happen.

Trading isnt something a leisure thing on which you would be treating it out like gambling. This is for money making or could possibly make it as an income.Its not really just that right that you would really be having
that kind of approach.

I agree, in terms of trading we can use different approach such as doing some strategies doing ta and fa reading charts and so on. In gambling it requires using instinct as well but it is mainly on pure luck. It is highly to lose in gambling than in trading, in trading you can make DCA to avoid getting away because of sudden dump in gambling there's no turning back on it.

I want to say Gambling is different from trading. Because if you gamble, make decisions based on feeling, you could be gambling and if you win, you can win big, if you lose, you can lose all out. the difference between a trader and a gambler is quite a thin difference, but I will give you an indication of the character that you might use as an indicator of whether you are gambling or you are a trader.

The first indicator, when trading or gambling, there is usually a plan, usually there is a process of making a decision. so from the start you make a decision until you actually execute it, it takes time. If you are a trader, it usually takes quite a long time to execute. for example, I want to buy bitcoin, it's an investment, I want to buy shares, it's an investment, I want to buy cryptocurrency, it's an investment.

The nature of investment is that the thought of making a decision takes a long time, unlike gambling. If your gambling has entered into a casino you have to make decisions more quickly. can't think about that long ago. can not think a bit long because your time is limited. So your process of making investment decisions takes a long time, for gambling it takes a very, very short time.

The second indicator, the goal of investing is to control assets while the goal of gambling is to increase profits without assets. For example, you buy bitcoin, you buy gold, you buy shares, the goal is to control an asset you buy. but what's called gambling, you don't understand what's called an asset.