Topic: Gambling is different from trading - page 5. (Read 978 times)

These are just facts, but that doesn't mean situations won't go against them, such as the first line, a trader may not have a strategy, especially if he is a newbie, and may be lucky to enter a trade when the market is good, he can make something out without a strategy, simply buying and the market will pump in their favour for the next few hours and they sell to profit, this could be for daily as well.

Instinct is another thing that helps sometimes as well, you might have a trade that you have set up and by technical analysis, you read some news and feel that the market will dump in some other time, you can sell your trade and close the open order and after a while, the market will dump. This is what instinct does for traders, sometime you follow them where you think technical analysis might not be applicable to your trades.

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.

Gambling is different from trading, and it's important to understand the risks involved in both. Speaking of trading platforms, did you hear of XGo? I've been curious about their features like margin trading and wallets. Any experiences or opinions on this service?

The statement may sound too obvious and on the nose but @Flexystar is right, semantics and definitions matter.

Gambling focuses more on probability and chances while trading is more on speculation rooted on analysis and research on market trends. Another difference is that gambling is reliant on luck although I would consider poker and blackjack as sort of an exception to this rule given that there's skills involved like card counting and bluffing, while in trading, you need to be equipped with the necessary knowledge and experience to make some profit, it won't guarantee a win but you have more chances of making money in trading than gambling anyways. I think the reason why people confuse gambling and trading so much is the fact that both carry inherent risk (the only similarity imo) and a lot of people use the word gamble/gambling more than just its meaning in other aspects of life to make their statements profound in nature and now here we are debating whether they are similar or not when the answers been given to all of us a long time ago.

And mostly, if you gamble in trading, you'll be losing a ton, and it is not fun in trading if your strategy is just to gamble. Trading is some serious stuff, as you are really doing an analysis of the market as well as your predictions, and if you just gamble it like you are just placing an entry with your guts and you'll say you will, then for sure that is only because you've got the luck beside you, but that will not last for long as you will now keep losing after that.

By definition, if it's a form of a game, then it's gambling. Anything else is about the same IMO, including risk, strategy (yes gambling also has strategy), and skill (yes some games also need skills, like poker). The problem here now resides in the presentation of the trading itself. Some also tried to gamify the trade with binary options, which can be found on gambling sites as well, such as Rollbit. Hence, do you want to "bet on the market," bet on a horse, or bet on black or red? It is almost indistinguishable... Your effort/skill can only give you a limited upper hand.

So yeah by definition it's different. But whether or not trading is better, is something subjective because both have different goals. Gambling is a form of entertainment while trading is to make money. It's a crappy way to make money for most of us, but someone somewhere can get rich from it.

They're different but you can gamble and trade at the same time. I agree about giving attention to detail in trading is complete different from gambling.

In gambling, you can carefree because many games are just there for fun and are basing on your luck.

Unlike in trading, it's not all about luck but you need analysis and critical thinking in doing your trades.

That thin line is usually someone who is smart with their money and a fool who thinks they can  get rich easily and crypto world is a cheat code for them to get richer.

We grew up in the digital world, anyone who is under 40 years old right now knows the computer world, this is why we grew up with games and such, and we got rich on all those games, it is so easy to be rich in games, even if it was an online game, there are a lot of people who are poor in real life but rich at world of warcraft, so they thought crypto would turn that talent into reality and we all know it did not. This is why I believe that we can't really be doing anything that would benefit them, and they failed and made a lot of loss since they thought it would be that easy, it's not.

i understand what you want to convey here and it is absolutely correct, if gambling is a game of luck because it is programmed then trading requires skill and also good analysis because the end result is not programmed.  there is also something that makes me funny, bcause some motivators in trading seminars and paid classes who indoctrinate many people that trading is an easy thing, in fact not everyone succeeds in trading, and usually those who lose are those who think trading is the same as gambling ^{(just rely on luck)}.  so that's for everyone, don't ever think that trading is the same as gambling, stop thinking like that!

There is big difference and it starts right from their spellings and meanings. 
As everyone already discussed, I would elaborate trading as mixture of various actions or outcome from “non-programmed” actions. For example, a trade could change its direction or jump to different prices due to government decisions or may be due to war break out at one corner and it’s impact on the particular asset. This definitely changes the way math works here. However, the case is different with gambling. It’s man made algorithm that keeps playing the role at the back processing. The outputs are solely based on probability or odds of the game. So they are definitely different.

Gambling and trading both are different both in my opinion in both field you become addicted so addiction is not a good habit as it can enhance your failure. whenever a person get profit then he Don't think that how much risky it is and regularly put money due to greed in nature so once a time comes when he will loss all his money. So both gambling and trading are cause of bad addiction therefore it will be beneficial if one put money into some useful coin to hold it for longer period rather than waste it in gambling.

both gambling and trading have high risk attached, it's best that for which ever one of them you tend to venture into, you do that with an amount you can afford to loose.
It's only unwise to use your full month salary either to gamble or trade, there's no wisdom in it.

That is the reason why gambling is more often a source of losses than profits, unlike in trading that is done everything with knowledge and skills, and certainly a little bit of luck to make it possibly happen. Though you can also get rich in gambling quickly than trading, but know that it can also make your life more miserable with fast gains and losses, unlike trading that is made with timing and persistence.

Whatever thing that will cause someone to lose money can't be addressed as easy, really. What I tried to explain in that comment was the lack of planning in gambling which should've come from set skills if it were in trading. I think Zilon in their comment puts it in better perspective there. 👇..

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.

Of course, Trading 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.

Actually, gambling and trading both have their own risks, but the way they work is very different. Gambling is clear about guessing binary options, but trading is the same as buying something. no loss, that's called trading.

However, all forms of business looking for money or profit without any analysis/strategy and only relying on "hockey" is gambling, including when trading. the analogy is like someone opening a business selling a business, without analyzing the target market / looking for a place to sell / or calculating a risk reward (capital and profit) that is mature enough, how do you want to sell and grow, this might be possible because of good luck and bad luck 50:50, it's different As with business analysis where to sell (strategic) and focus on target markets, this is an additional percentage of opportunities to succeed. This is the same as when we trade, we must have skills, if there is no skill, for me, gambling is also because we can only guess.
Chance :
50 successes : 50 failures = gambling
>50 success: <50 failure = no gambling, but an attempt that is not necessarily successful, but most of the time it is successful.

Everyone if they make research between crypto trading and gambling, maybe the results will be like your research, I have no doubt that gambling and crypto trading are two things that are done with differences, cannot be considered the same.

It is strengthened again with the reasons below.


betting risks losing much closer than trading, even though both involve digital/crypto currencies, but the consequences are very much different, exactly as you mentioned.

I think what distinguishes the two is that gambling tends to be done without a strategy, you really rely on luck there, while trading you use a strategy to be able to achieve what you want, you really think according to market data, patterns or historical data from the assets you trade.

but sometimes a trader can gamble for the assets he has in an uncertain market, because here he only hopes that the market will be on his side, whether it's because of the news or other things which cannot be predicted. so a trader can sometimes be a gambler, because he cannot analyze the market as he wants.

Trading altcoins is 1000 times worse than gambling!

At least with gambling you factor in a bit of the difference between the teams or competitors, you look at the background and then you pray to god, and you're all set.

With trading is far worse, everyone is in desperate need of finding a system, of finding patterns, they are lying to themselves worse than gambling that indicators, averages, moving averages, dancing averages, whoe averages will somehow just keep on going like that and everyone will act like a robot repeating everything so their trades will be flawless.
While gamblers lie to themselves about finding ways to get the results right they know deep down there is no way, die-hard traders are convinced by their own lies.

I see so many here saying it takes knowledge, it takes science it takes that and that, common, this is BS!
All your knowledge all your statistics, none ill be able to prevent an exchange from getting hacked and trashing the market, nobody has seen in their TA the collapse of LUNA or FTX, and although everyone preaching about understanding movements here nobody predicted the last pump is, which of course again happened not because of a TA but because of a bank collapse.

So stop lying to yourself, trading shitcoins is way worse than horse betting!