Gambling is different from trading - page 8.

AmoreJaz

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Quote from: Russlenat on June 10, 2023, 04:34:19 PM

Gambling and trading are both have their own risks. You may end up losing in both. However, gambling is a game of chances and luck while trading focused on skills and developed strategies which means there is more way to win than to lose unlike gambling which is mostly designed to lose the gamblers and making the casino owner the winner in the end. That made them completely different. But if you trade like a novice and knows nothing about skills and strategies, certainly you will end your trading like gambling.

noobs are comparing the world of gambling vs trading because that is true, in this market, if you are a newcomer, trading is like a gamble as you don't know how to devise your strategy yet to get your profits. losing is imminent if you trade blindly just like when you play luck-based games.
but as you get your experience in trading, the better your chance of winning profit. however, if you play with luck-based games, even if you apply known strategies, still, you have no assurance that you will win at the end of your game.

Russlenat

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Gambling and trading are both have their own risks. You may end up losing in both. However, gambling is a game of chances and luck while trading focused on skills and developed strategies which means there is more way to win than to lose unlike gambling which is mostly designed to lose the gamblers and making the casino owner the winner in the end. That made them completely different. But if you trade like a novice and knows nothing about skills and strategies, certainly you will end your trading like gambling.

mvdheuvel1983

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The OP is right in trading, with proper knowledge, analysis, and strategy development, one can potentially build an edge over time and make more money than they lose. However, this is not the case in most casino games, where the house has the edge and players are expected to lose over time.

If you gamble you may have noticed that in some casino games like blackjack, counting cards can give players an edge, but casinos may kick them out if they become too successful. In trading, there are no restrictions on using one's skills to develop an edge and trade profitably.

Both trading and gambling require dedication, understanding of the game or market, risk management, and sufficient capital. However, the majority of people tend to lose money in both activities, with a small percentage achieving consistent profits.

goinmerry

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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.

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Quote from: crwth on June 10, 2023, 11:40:57 AM

You also don't have control in trading over what the outcome could be. It's always going to be according to luck, and according to your decision, you will know what would be the best thing. I think you could prepare a lot of things when trading, but in gambling, you just have to play, making it possible to play and not think so much.

I hope you are aware that gambling doesn't have description and direction and whatever you are doing with gambling you just like a blind person, and it's while people get acquainted or addicted with gambling, when you don't have basic knowledge of gambling you can gamble provided that your money is intact with you, I know very well as you portray that gambling is all about luck likewise trading, but will the difference is very clear concerning gambling and trading, in trading we elementary things you have to know and I believe that those elementary things in trading to overcome some certain obstacles that might caused lose can be prevented in trading while in gambling you don't have any solution to prevent loss, making a comparison between gambling and trading, when you don't peruse into both of them you won't be able to know the difference, actually both of them profit can actually come by luck but trading is quite different because it deals with calculations and any mistake made during the time of trading can utililize in another trading but in gambling it cannot utililize in another predictions of another turns gambling.

Nrcewker

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Basically gambling is just betting all in with taking a risk one time for one instance of time. But in trading you analyse the risk and can adjust the funds invested accordingly. Here you can closely analyse where your profits are going and hence increase the risk intake for it. Gambling is basically done with 2 outcomes and it’s for getting quick profits in instant amount of time. So yes gambling is really different from trading in many aspects.

crwth

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You also don't have control in trading over what the outcome could be. It's always going to be according to luck, and according to your decision, you will know what would be the best thing. I think you could prepare a lot of things when trading, but in gambling, you just have to play, making it possible to play and not think so much.

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You can also lower your risk in gambling, although the circumstances will be different but essentially, they are just one and the same. In trading, you are also relying on your luck accompanied with the knowledge that you have at a given period of time. It's also important that you act in a timely manner, else you will not make a profit, or if you do, it's not maximized and as huge as it should be.

If I have funds and time to spare, I'd go the route of trading, but if time is not something that I can really give, I'd just go gambling and let the RNGods decide my fate.

hyudien

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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, but I kicked against gambling because it does not have control that leads to victory during time of diecasting your prediction in gambling therefore I concluded that gambling have to do with luck.

To find out the difference between trading and gambling, the first thing is clear from the definition that trading involves 2 aspects, namely buying and selling activities, while gambling does not fulfill these 2 aspects. So from here fundamentally everything can be separated very clearly, even people who don't understand trading and go to the stock exchange to buy even though they don't know what to buy and what to sell still enter into 2 activities tied together.

As for gambling, it means that there are no buyers, no sellers, there is only risking ownership to get more profit with the risk that if the stake fails then everything will automatically be forfeited.

Fivestar4everMVP

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Well, there was never a time gambling was the same as trading, even though they have some similarities, gambling is gambling while trading is trading, like op said, gambling is more of a luck based activity, though part of gambling like sports betting, is more of information (what you know about a team or player/fighter) based, games like poker, and other card games is also skill based as well as luck, trading on the other hand is purely skill based, though we still can not over rule the fact the luck still plays an important role in trading as well, for example, it takes luck to buy a coin, and it pumps x500, x1000 or even more after you have bought it, it's not like you knew that such was going to happen, luck helped the trader buy that coin or token.

So overall, gambling or trading, both are good ways of making, how you prepare yourself, and go about your trading activity or gambling activity will determine how much you will make or lose from either of the two.

bittraffic

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Luck will have lesser influence the longer you are in trading. You keep learning the skills you have and you already know when to buy and sell.

Trading is like buy and sell business thats not quite a gambling scheme but it may just be when you turn to binary trading. Binary though does have a limited wining.

Cantsay

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Hmmm, I'd say they have some similarities and also some differences. Just as @Oshosondy said, if an inexperienced ~~trader~~ goes on to put thier money into a stock or let's say some altcoins in hope for some profits all they at that point was gambling since they had no idea about the outcome, but if it was the case of an experience trader they would have been able to carry out proper research the would reduce the chance of them losing.
In both gambling and trading risk is involved but the level of skill possessed by the trader makes a difference but the same thing can't be said also for gambing no matter how experienced a gambler is.

GeorgeJohn

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Am of opinions that gambling takes a lot of risk than trading, because when trading it requires you been a trader to study and understand exactly what trading is about, when you have known the rudiments of Trading I don't think that you will venture into loss likewise a gambler, gambler lose money subsequently depending the numbers of games they wishes to play at particular point in time, I know quite well that whoever that engages in gambling than trading will like to prefer gambling than trading, but it's very obvious as op stipulated that gambling doesn't have a skill which is quite true while from the areas of trading you most learn and understand the rudiments of Trading before you will know what to do, while people get lost on gambling is as result be unable to detect a game that will be a sure game for the match while in trading you can detect when the market is against or not through chart of the market through the movement of candles sticks of trade.

Oshosondy

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I am a gamblers and I am a trader. This is my experience:

Trading can take all your money, just like gambling. Trading can take more of your time like or more than gambling. As gambling is addictive, trading is also addictive.

You just have to discipline yourself in both and use the amount of money that you can afford to lose to gamble or trade.

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

While trading is a skill that you will learn and understand the basic factors that can hinder your trading not to be successful, a trader can notice it's mistakes after loss and make corrections while a gambler mistakes can't be corrected because it deals with prediction.

A gambler can correct his mistake after losses, but gambling is luck and using just little amount of money that you can afford to lose. Some people will trade and continue to lose too, just like in gambling, it may even be more.

Both are risky, both require different approach too.

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

When we study trading very well there is no way we can trade in a month without making profit

But there are many traders that are gamblers, I mean they think that they are trading, but they know nothing. Also there are many with ignorance. Many of them calling themselves traders are losing too.

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

and as a beginner in trading we don't need to start trading with money that we can not afford to loss

Also use the money that you can afford to lose to gamble.

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

while in gambling so many people gamble with their salary and last money.

Also in trading

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

So I prefer trading more than gambling because it is a skill and it can be controlled.

I too prefer trading than gambling because the possibility of making money is more in trading than gambling. Trading also require skills like you said before and if planned well, profit can become reality, but people should know that trading can be as dangerous as or more dangerous than gambling.

Promocodeudo

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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, but I kicked against gambling because it does not have control that leads to victory during time of diecasting your prediction in gambling therefore I concluded that gambling have to do with luck.

While trading is a skill that you will learn and understand the basic factors that can hinder your trading not to be successful, a trader can notice it's mistakes after loss and make corrections while a gambler mistakes can't be corrected because it deals with prediction. I notice that people do not put their money much in gambling than trading whereas the risk and loss is more efficient in gambling than trading. When we study trading very well there is no way we can trade in a month without making profit and as a beginner in trading we don't need to start trading with money that we can not afford to loss, while in gambling so many people gamble with their salary and last money. So I prefer trading more than gambling because it is a skill and it can be controlled.

Topic: Gambling is different from trading - page 8. (Read 978 times)