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Topic: Gambling is different from trading - page 4. (Read 978 times)

Kasabus

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Quote from: Zilon on June 12, 2023, 10:33:37 AM

A trader who does not have a strategy is a gambler...
A trader who neglects their strategy and follow their instinct is a gambler..
A trader who trades even when the market is not in sync with their strategy is a gambler...
A trader who only understands the basics of trading and failed to keep up with research is a gambler..
A trader who does not have a plan have a threat of gambling...

The difference between a gambler and a trader lies within a very thin line. And there is no sitting on the fence if a trader does not fit into that thin line then they are obviously gamblers and there is no two ways about it.

You got it right. Those who trade without good basis and who are only trading without the mindset and skills of a trader will definitely end up as a gambler. Those who trade without analyzing the market whether if it’s good or suitable to trade may not a real trader but a gambler. And lastly those who trade without goals but only quick profiting is not a real trader but has a mindset of a gambler.

beerlover

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Quote from: livingfree on June 13, 2023, 05:50:10 AM

You're just wasting money if in the first place you've got no intention of winning your trade. Although this is similar in gambling but it's likely that people have already that common thought that when you gamble, you should be prepared to lose.

There's this thought also in trading but at least you've got certain strategies that you can apply so that you can't easily lose.

Winning in trading isn't just all relying to luck but in gambling, you can have that YOLO mentally that you will not think whether it'll win or lose as long as you've gambled and bet it like it's all up to the result.

I think you SHOULD be ready to lose when you are gambling, because gambling has house edge and that means you will lose your money, that's how gambling works, it's mathematically impossible for you to win on the long run, the longer you play, the closer you get to losing all your money. However, trading is different in it's nature because of this, there is no mathematical certainty that you will lose your money, of course if you are a bad trader then you will lose, but if you are a good one then you will win.

All gamblers lose eventually, there is a guarantee, but when trading there is none. This is why trading is not like gambling, it would never be like that, because you will end up profiting if you know what you are doing and it is not a must lose thing in the end.

tjtonmoy

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Trading is a skill we learn through a process. It requires learning many things, such as analyzing skill, risk control, understanding market movements etc. It includes risks too. But with experience, we can make profits. But not every time, we make losses too.
As in gambling, it's a 50/50 chance on every possible outcome. People makes profits and losses in here too. In the end, it truly comes to luck while gambling.
So trading and gambling has a thin line between them. But at the same time, they have their differences. Not everyone can start trading as soon as they please. It takes time and dedication to learn the process. On the other hand, anyone can just pop up in a gambling platform and start right away. And gambling is designed in such a way that it will always feel newbie friendly. It's so easy that often times it turns into an addiction.

For my perspective, I think we can compare between betting and trading to be much similar. Because in betting, you need to collect data, make analysis, then place your bet. It's also a 50/50 chance. So it also have difference.
There's no doubt that gambling is different from trading.

bangjoe

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I agree with the conclusion that gambling is different from trade but with underline.
I agree that the spot trading cannot be said to gamble, because it has assets that are bought and sold, or have coins that temporarily enter first into our inventory or wallet.

But if the future trade can be categorized as gambling, because there are no assets that are sold, or only limited to the calculation of Laverage and margin as a catalyst of the advantage when taking binary options (long or short), no matter how many formulas you use, No matter the various strategies in conducting price movements analysis, in my opinion it is the same as gambling, and included in the category of asymmetrical gambling.

If only reasoned because it uses analysis, calculation, research and others to determine the decision. I think people who gamble on the ball also do analysis and calculation of opportunities, as well as people who play poker, they use analysis and calculation, before deciding to throw the card.

Awaklara

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Quote from: Bushdark on June 14, 2023, 09:47:24 AM

We should be aware that there are some traders who are gambling, going into the market and buy and sell without doing any analysis. Sometimes, they look for other traders to give them signal and what they do is to go into the market and buy without weighing there risks.
I see those traders that trade without strategies as gamblers because we need a strategy for us to get it right as a trader.
Sometimes because we keep getting it right especially when luck is involved do not mean that we are a good trader. Those who survived it from being a newbie to being pro traders have pass the test and gotten the experience that would keep making them learn more.

so indirectly all traders who are now pros have also gambled at the beginning of their trading? when they have very little knowledge and experience in trading skills. even a gambler also requires skills and knowledge in making bets. maybe the case is different in slot gambling or dice.
for me, all that is at stake is gambling. whereas trade is a deal. you agree to sell or buy at a certain price. that's trading.

Bushdark

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Quote from: Vaculin on June 13, 2023, 03:46:53 PM

Quote from: Zilon on June 12, 2023, 10:33:37 AM

If you are not doing trading right, then you are not trading at all but gambling. Though trading is also a matter of luck, but most likely it’s done with knowledgeable mind and a skilled mindset so you can expect that you will be in profit more than a loss when you are trading that way. However, in gambling, there’s no certain strategy to use, it all matters how discipline you are when managing your funds. If you can’t control the urge to bet, then definitely you’never win from gambling.

Doan9269

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Quote from: ?? on ??

Gambling and trading are distinct activities with different principles and objectives. Gambling involves risking money on uncertain outcomes with the aim of winning based on chance. In contrast, trading refers to the buying and selling of financial assets or commodities with the goal of making profit through informed analysis and strategic decision-making. Trading typically involves research, analysis, risk management, and an understanding of market dynamics, while gambling relies more on luck and chance.

They are both different things and has an entire different techniques to handle them with, when you're trading, you're only investing your money for an exchange of a particular pair of currency or same currency to earn through it volatility, when you gambles, you're risking the chance of either winning or loosing your money completely over the bet you're taking, the whole and entire process in gambling is irreversible when you lost your money at the process.

awik p

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Quote from: ShowOff on June 13, 2023, 04:51:41 PM

Quote from: DoublerHunter on June 13, 2023, 04:32:42 PM

^ That is why we are in trading, don't focus only on the profit because trading is not all about profit, it is also to learn knowledge while you are trading. Because by investing in your knowledge, developing effective trading strategies, and staying disciplined, you can increase your chances of success in the trading world. It is very important for trading as a skill that requires continuous learning and adaptation, rather than relying solely on luck or chance as in gambling. So, therefore, trading without knowledge is gambling.

I confirm your statement, but it is practiced by many traders. I am sure there are many traders who do not have a good knowledge of how the crypto market works and they only hope to profit from the volatility of its prices. They have learned, but they can't make an analysis so they always expect someone else to tell them which asset to choose. Almost the same as gambling because it relies solely on luck.

in analyzing the market, it will not completely end in profit, sometimes we also experience losses, because the price has gone out of our analysis area. therefore we must have the courage to take steps to cut losses, indeed with cut losses we experience losses, but losses that are measurable and within reasonable limits, so we don't experience excessive losses. we must remember that there are still many opportunities after that, so we must patiently wait for opportunities to place trades again, and make profits

Learn Bitcoin

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Quote from: TelolettOm on June 13, 2023, 06:57:30 PM

I think there is something wrong here. Huh

I'm sure you missed "trading" word in the sentence and you put too many "gambling" word.

Right. There was a mistake. I wrote gambling twice. One of them supposed to be Trading.

Quote from: Learn Bitcoin on June 12, 2023, 09:47:50 AM

Gambling is supposed to be fun and for entertainment purposes.

Unfortunately, some people play gambling for money. They think gambling is a way to earn money easily. Grin

The sad thing is most of them end up losing money. In the long run, the house wins. The casino has the edge to beat a player. Gambling is not easy money at all.

Quote

It is not as simple as you said.
We can buy coins at any time, but it is always not easy to wait for the time for selling. The pump isn't something predictable, it is even possible to have no pump if the project disappears.

I know it's not easy. The project will disappear only if you choose shitcoins to spot trade. Shit coins are good for leverage trading. But, I was talking about spot trading. You should choose some established coin for trading if you want your coin not to be disappeared from the market.

TelolettOm

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Quote from: Learn Bitcoin on June 12, 2023, 09:47:50 AM

Of course, gambling is different than gambling.

I think there is something wrong here. Huh

I'm sure you missed "trading" word in the sentence and you put too many "gambling" word.

Quote from: Learn Bitcoin on June 12, 2023, 09:47:50 AM

Gambling is supposed to be fun and for entertainment purposes.

Unfortunately, some people play gambling for money. They think gambling is a way to earn money easily. Grin

Quote from: Learn Bitcoin on June 12, 2023, 09:47:50 AM

But, If you make spot trade, Just buy low and wait for your coin to pump up.

ShowOff

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Quote from: DoublerHunter on June 13, 2023, 04:32:42 PM

DoublerHunter

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Quote from: gabbie2010 on June 13, 2023, 03:12:18 PM

Quote from: lalabotax on June 11, 2023, 04:14:56 PM

Quote from: Promocodeudo on June 10, 2023, 07:43:49 AM

I was doing a comparison between gambling and trading I find out that their is merging between trading and gambling, I want to explain the categories of trading and gambling from my research gambling don't have to do with skills, but people prefer gambling than trading, .
..

It should be different.
but practically, many people are doing trading like gambling. Just like betting or slots. Sometimes they just bet on what they are trading, without any underlying reason or even post-analysis skills. Trading requires analysis as well as various other keys to success. But if you only apply it like betting, especially if you only rely on luck, this will be very bad.

That is why 95% of traders lost their fund because majority of them trade like a gambler, imagine an inexperience trader triggered a trade blindly without considering the trend of the price probably placed a countertrend trade because of lack of knowledge of multi timeframe analysis as a result such a trader is bound to experience streak of losses just trading like a gambler, however gambling is a 50:50 chance nothing is guaranteed because an upset can be created in bet that was suppose to be a sure bet, I am involved in both trading and gambling and I Am convinced that the former can generate consistent profit than the latter.

^ That is why we are in trading, don't focus only on the profit because trading is not all about profit, it is also to learn knowledge while you are trading. Because by investing in your knowledge, developing effective trading strategies, and staying disciplined, you can increase your chances of success in the trading world. It is very important for trading as a skill that requires continuous learning and adaptation, rather than relying solely on luck or chance as in gambling. So, therefore, trading without knowledge is gambling.

bitbollo

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gambling managed in a mathematical / smart-way becomes a stable and profitable activity like trading.

only problem, to manage the typical variables of this activity you must have an "hedge". this will affect the profit and deserve a lot of research in some cases. you have two choices, risk a larger amount of money or trying to collect just a small profit.

With term "gambling" I always talk about bets related to sport and not to "casino" games in which it is practically always certain that the house manages to win in the long term...

milewilda

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Quote from: Vaculin on June 13, 2023, 03:46:53 PM

Quote from: Zilon on June 12, 2023, 10:33:37 AM

When you do make trades but not really that following with those trading strategies then you are really that simply doing gambling and this is something that we should really be avoiding in the first place because
this isnt how people should having the approach towards trading because it would really be needing that analysis and knowledge for you to be able to handle up yourself towards the market.
You cant really make out some just positions without having those considerations on doing some preparations or whatever step that you would really be needing to do so.
Its totally different when you do have that kind of approach towards trading but not really that actually making the proper step.

Finestream

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Quote from: Learn Bitcoin on June 12, 2023, 09:47:50 AM

Of course, gambling is different than gambling. Gambling is supposed to be fun and for entertainment purposes. Since real money is involved in gambling, people take it seriously. You don't need any special skills to gamble at a casino. You don't know what will happen next, and your money is at extreme risk; even with the 1.01x multiplier, you can lose all your money in a single bet. But, If you make spot trade, Just buy low and wait for your coin to pump up. Suppose you are a pro trader who does some market research. You can mostly predict the market movement. Even pro traders sometimes fail to predict the market. But if you have enough fund and patience until your coin pumps, You will make some money from trading.

You are right in here. Trading is very different from gambling regardless of its risks. Gambling is just designed to entertain and give pleasure to us, and there’s no guarantee to be profitable even if you’re a long time gambler already. Unlike trading, once you are already skilled and well experienced, you’ll definitely know how to take advantage each market condition, so even if the market is not suitable to trade, a professional trader will still find way making his trades profitable in the end. That’s how traders end up quick rich.

Vaculin

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Quote from: Zilon on June 12, 2023, 10:33:37 AM

gabbie2010

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Quote from: lalabotax on June 11, 2023, 04:14:56 PM

Quote from: Promocodeudo on June 10, 2023, 07:43:49 AM

Mr.right85

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Quote from: RewFrew on June 13, 2023, 01:00:15 PM

Yes brother you told absolutely right Gambling and trading both has same risk of losing money. Gambling is very risky its basically depends on luck. And trading is also risky but if anyone gather proper knowledge about trading he will capable to reduce risk. For trading anyone can utilize his fund but in gambling has no chance like that. We can tell gambling is like a play but trading like Buy, sell etc.

Should we base our classification based on risk or some minor similarities, then trading or gambling can br related to just any field of human endeavour.

Risk is something you find in any place with the potential of earning and losing money. Its always about a pointing something out with hopes of getting something back and a factor of actually losing all a well.

People can gamble there trades, but the reverse is impossible (trade while gambling). Even the English doesn't add up right and comes without any sense.
For them both to be same, they have to be proportional or equational when placed side by side but this isn't the case for these fields.
This makes them both very distinct.

RewFrew

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Quote from: goinmerry on June 10, 2023, 12:59:11 PM

While both gambling and trading do share the same risks of losing money, the approach is different.

We don't rely purely on luck when it comes to trading compare to usual gambling. To earn profits in trading, we do have factors to be considered as our key to make a good strategy unlike in the usual gambling that you bet your money then just depend on luck.

In general though, either gambling or trading, learn to know the risk factor of both field and don't just engage into something without equipping at least basic information beforehand. We are talking about our money here therefore always be cautious.

kojektea

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what can I explain about their difference.

Gambling:
Gambling involves betting on the outcome of a random or lucky event. This is often done with the hope of winning money or a prize. Players in gambling do not have significant control over the outcome and rely solely on luck. This includes casino games such as roulette, slot machines, or sports betting where the outcome cannot be predicted or controlled.

Trading:
Trading involves buying and selling of financial assets such as stocks, bonds, commodities or currencies with the aim of profiting from changes in the price of those assets. Trading involves market analysis, research and decision making based on learned information and strategies. Traders use a variety of methods and analytical tools to make informed predictions and take risks. Trading also involves careful risk management and control over trading positions.

The main difference between gambling and trading lies in the concept of the decisions taken and the control that the individual has. Gambling is based more on luck, whereas trading is based on market analysis and knowledge. Trading also involves more targeted risk management to protect capital and minimize losses.