How is trading *not* gambling? - page 21.

neochiny

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Quote from: mk3000 on January 19, 2017, 06:43:55 PM

How different is trading from just gambling? I know there seems to be a big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?

No. Trading isn't 'random'. A good trader acts based on experience and his skill in gauging or reading the market.
Gambling, on the other hand, is random. It's not based on anything but chance, luck, and gut feelings.

Research and experience for trading while chance and luck for gambling. How is that the same.
Similar traits may be seen on both but the main differences are still huge so it should not be considered the same based on some minute similarities.

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Quote from: mk3000 on January 19, 2017, 06:43:55 PM

How different is trading from just gambling? I know there seems to be a big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?

The way you do these quoted question is I think your doing studying about in trading or it may just your doing like a feasibility about it. In fact researching about it is a nice way of learning. I don't see big difference between Trading and gambling, Actually, they are same in terms of playing in betting I think, in trading you do multiplying your coins according to your coin choice, through buy high at low then sell at high.

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Quote from: eternalgloom on January 27, 2017, 11:22:37 AM

Quote from: Idrisu on January 26, 2017, 12:41:40 PM

Quote from: Shiroslullaby on January 19, 2017, 06:51:33 PM

Its similar to some forms of wagering like betting on horse racing or poker.
You are taking an educated guess. Doing research may give you a slight advantage which, over time, may allow you to make more money than other players.
But its still definitely a form of gambling.

Trading is widely different from gambling as the sky from the earth. Gambling is a games of chance and forex trading is a business. Gambling is based of a probability why trading is based on skills and adequate knowledge. You don't need any knowledge to be successful in it but in forex you need to have adequate skill, understanding and know on how it works.

Trading is also based on probability, though indeed, it's not the same as gambling. With trading you try to predict what is more likely to happen (price going up or down), so that's probability.
You do that by doing a market analysis and by that you determine if there's either a BUY or a SELL signal.

perhaps the big difference in the analysis. you can only guess with gambling. but, in contrast to trading. if you have accurate information, and can conclude that the price will appear in a few hours, or days, of course it will bring great benefits, and has a small risk.

streazight

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Quote from: geopolisch on January 25, 2017, 03:38:20 AM

Quote from: jeraldskie11 on January 23, 2017, 07:47:59 PM

Quote from: mk3000 on January 19, 2017, 06:43:55 PM

How different is trading from just gambling? I know there seems to be a big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?

There is a big difference between trading and gambling. If you say trading, it is an exchange of altcoins. You can earn here by just increasing the value of it then exchange it back to bitcoin. Then if you say gambling, there is a winner and there is a loser. You can earn also here if you know the tricks.

The problem is right there brother, you haven't understood trading in its core .. trading does not means buying an entity and selling it .. its not that simple and flat. Rather its trusting a company and the team behind them and backing them financially and hoping/believing that the shares will go up with time. But gambling is not having such part.

Maybe it is different then gambling in some ways but you said trusting other companies and hoping that the shares will go up, what makes you think you can trust those, what is the garneted so that someday they will give you back your money and they won’t just walk away with it, that is the problem business on the internet has become full of scams and we can’t trust anyone, that what makes trading similar to gambling because they both have risks.

eternalgloom

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Quote from: Idrisu on January 26, 2017, 12:41:40 PM

Quote from: Shiroslullaby on January 19, 2017, 06:51:33 PM

Its similar to some forms of wagering like betting on horse racing or poker.
You are taking an educated guess. Doing research may give you a slight advantage which, over time, may allow you to make more money than other players.
But its still definitely a form of gambling.

Trading is widely different from gambling as the sky from the earth. Gambling is a games of chance and forex trading is a business. Gambling is based of a probability why trading is based on skills and adequate knowledge. You don't need any knowledge to be successful in it but in forex you need to have adequate skill, understanding and know on how it works.

Trading is also based on probability, though indeed, it's not the same as gambling. With trading you try to predict what is more likely to happen (price going up or down), so that's probability.
You do that by doing a market analysis and by that you determine if there's either a BUY or a SELL signal.

Cahndeso

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For me trading and gambling is almost same activity, its depend on luck ( one again its only for myself and from my experience). when i had luck i can earn some money from trading and gambling but when i had no luck then bust all.

But may be everyone have different opinion for this question, its normal because different knowledge and experience.

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Quote from: Qunenin on January 27, 2017, 10:19:28 AM

Quote from: Zadicar on January 26, 2017, 10:21:07 AM

Trading is indeed a gambling since you are risking money to earn money but this kind of gambling is different from other gambling games we know since trading could be learned and theres a proper way on how to lessen the risk and increasing the chance on making money on long term basis which you cant found in any gambling game,This is just my own view.

I have conflict with this statement. i think trading is not gambling. In gambling we have no data to make anaylsis on taking desicon whereas in trading we have all the data and more experience person will surely earn more in trading. On the other hand, experience does not matter in Gambling.Only luck is required in gambling to win.

I promise I am not arguing here, but I think there are certain forms of gambling that do analyse data and that tries to maximise information.

For example:
1. Card counting in card games like Blackjack and Poker. With poker, experience also matters a lot if you take into account learning opponent behaviours, observing for tells etc.
2. "Moneyball" statistics in sportsbook betting or fantasy sports, which takes into account probability and likelihood of individual players in sports such as football, basketball.

Just like trading, one can only use the above to predict outcomes and make calculated risks.

Qunenin

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Quote from: Zadicar on January 26, 2017, 10:21:07 AM

Trading is indeed a gambling since you are risking money to earn money but this kind of gambling is different from other gambling games we know since trading could be learned and theres a proper way on how to lessen the risk and increasing the chance on making money on long term basis which you cant found in any gambling game,This is just my own view.

I have conflict with this statement. i think trading is not gambling. In gambling we have no data to make anaylsis on taking desicon whereas in trading we have all the data and more experience person will surely earn more in trading. On the other hand, experience does not matter in Gambling.Only luck is required in gambling to win.

agustina2

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Quote from: mk3000 on January 19, 2017, 06:43:55 PM

How different is trading from just gambling? I know there seems to be a big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?

They are the same in the form of "you are risking money".

They just have different way and strategies how people will deal to it but in the end they are staking up money which they didn't know if it will become a profit or not. So basically trading is also gambling. Just don't get others here why they are saying that trading is not gambling since analyzation are applied in trading lol. It's that really the basis? Even with analyzation there can be a losses in trading so in the end people are gambling their money and will face the results of being a winner and loser.

Schuyler

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For me trading and gambling are partly similar because they both attempt to create a capital gain in a short period of time without creating a new wealth.
They have different ways which trading is a rare transaction, and they get more value from finding a good opportunity, buying it cheap, and selling it at a much higher price sometime in the future. While gambling, they have the chance that one thing will happen instead of a different thing. It shows how much a person can win or lose by betting a certain amount of money.

streazight

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Quote from: GreenBits on January 26, 2017, 06:35:53 PM

Quote from: Zadicar on January 26, 2017, 10:21:07 AM

Trading is indeed a gambling since you are risking money to earn money but this kind of gambling is different from other gambling games we know since trading could be learned and theres a proper way on how to lessen the risk and increasing the chance on making money on long term basis which you cant found in any gambling game,This is just my own view.

Im dont agree with you Trading is not a gambling even you are risking money in trading.Trading have many differences in gambling like the time.For me gambling is based on luck of person than the trading is based on your analytical skill.

But skill alone will not get you profits in trading, beyond your hard technical analysis only if you are lucky on that day, you may get chances to finish off your trade in profits else you may find results similar to gambling. Gambling is all about luck, but trading is partially about luck factor.

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Quote from: Viscore on January 27, 2017, 05:38:26 AM

How can you have that inside information, it will only be possible if the market is rigged just like rigged games in sports betting.

Well I think enough said there.. I think the sports market is massively rigged!

Quote from: Viscore on January 27, 2017, 05:38:26 AM

There is no such thing like that in trading, the price moves in real time and it is the true performance of the market.

Well - unless you work for a company and you happen to know that they're planning to buy out another company next week or some other big news that will push the price up.. or down...

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Quote from: HelpfulElf on January 27, 2017, 05:32:31 AM

Yeah - sorry, I'd have to agree. Unless you have some kind of insider information (not sure that would be legal, but anyway) then I think trading is exactly the same as gambling.

Also, insider information works for betting too... it's all way more similar than I think people want to believe.

In any case, if you're an ordinary 'human' trader you're going to lose out to trading bots and companies with massively faster connections to the data (so they can move faster) than you ever can.

Just my opinion mind you!

How can you have that inside information, it will only be possible if the market is rigged just like rigged games in sports betting. There is no such thing like that in trading, the price moves in real time and it is the true performance of the market. You have to make an effort for you to predict the right movement, otherwise you won't profit and you are just wasting your time and effort.

HelpfulElf

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Yeah - sorry, I'd have to agree. Unless you have some kind of insider information (not sure that would be legal, but anyway) then I think trading is exactly the same as gambling.

Also, insider information works for betting too... it's all way more similar than I think people want to believe.

In any case, if you're an ordinary 'human' trader you're going to lose out to trading bots and companies with massively faster connections to the data (so they can move faster) than you ever can.

Just my opinion mind you!

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Quote from: Zadicar on January 26, 2017, 10:21:07 AM

Trading is indeed a gambling since you are risking money to earn money but this kind of gambling is different from other gambling games we know since trading could be learned and theres a proper way on how to lessen the risk and increasing the chance on making money on long term basis which you cant found in any gambling game,This is just my own view.

If you really think risk involved in trading is sitting on the same level as gambling, then you're simply not a trader, or at least, not a good one.

Very simple example;

Gambling - You dice $1000 worth of BTC at >50.50 where the outcome is <30.50 ~ Result $1000 instant loss.
Trading - You place a trade $1000 worth of BTC where you buy at $900, and where you end up selling at $810 ~ Result 10% = $100 loss.

In the trading example you then still have $900 left that you can use to trade your way up to the green again, where with gambling you end up with nothing. I can't deny that trading doesn't involve some sort of luck, but that's minimal where it's the skills that lead to you making profits. Gambling in this case is pure gambling where skills can't be applied.

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Quote from: GreenBits on January 26, 2017, 06:35:53 PM

Quote from: Zadicar on January 26, 2017, 10:21:07 AM

Trading is indeed a gambling since you are risking money to earn money but this kind of gambling is different from other gambling games we know since trading could be learned and theres a proper way on how to lessen the risk and increasing the chance on making money on long term basis which you cant found in any gambling game,This is just my own view.

Im dont agree with you Trading is not a gambling even you are risking money in trading.Trading have many differences in gambling like the time.For me gambling is based on luck of person than the trading is based on your analytical skill.

i agree to you that gambling is not trading. but somehow trading ang gambling have in common. both trading and gambling is risking your money, you should know when to do bet high or bet low. in tading you should wait until you know the time when you will truly earn. but in gambling you should wait also if you want to earn sure money like in pokers. both uses analization. you should analize to earn. good in prediction is plus points for the two.

angaper

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Quote from: Zadicar on January 26, 2017, 10:21:07 AM

Trading is indeed a gambling since you are risking money to earn money but this kind of gambling is different from other gambling games we know since trading could be learned and theres a proper way on how to lessen the risk and increasing the chance on making money on long term basis which you cant found in any gambling game,This is just my own view.

While it is true that there is a high degree of uncertainty in the markets that makes it difficult to predict with complete certainty the behavior of an asset, it is also true that there are lots of strategies and techniques that can lead you to an excellent performance in the long term, and this can not be the result of pure luck alone.

GreenBits

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Quote from: Zadicar on January 26, 2017, 10:21:07 AM

Trading is indeed a gambling since you are risking money to earn money but this kind of gambling is different from other gambling games we know since trading could be learned and theres a proper way on how to lessen the risk and increasing the chance on making money on long term basis which you cant found in any gambling game,This is just my own view.

Im dont agree with you Trading is not a gambling even you are risking money in trading.Trading have many differences in gambling like the time.For me gambling is based on luck of person than the trading is based on your analytical skill.

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Quote from: mk3000 on January 19, 2017, 06:43:55 PM

How different is trading from just gambling? I know there seems to be a big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?

trading is very difference gambling
if gambling lost, you can lost all money, trading lost you can hold until bitcoin price up again an take profit
technical analys you can use pivot poin, you can sell is bitcoin price in resistance level 3 in montly, and buy bitcoin price in support level 3

Roger Burton

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Quote from: mk3000 on January 19, 2017, 06:43:55 PM

How different is trading from just gambling? I know there seems to be a big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?

Well if you consider that trading is by all means affected by everyday news, updates on certain matters and even the resistance on both sides of the price (which are all depicted in graphs and you can exploit them :p) then you can clearly understand that you have 2 different "things".

Gambling in some cases too is more of a technical issue than pure luck, check Blackjack for example Wink

You only gamble when you play things like the roulette, poker etc

Topic: How is trading *not* gambling? - page 21. (Read 23408 times)

Topic: How is trading not gambling? - page 21. (Read 23408 times)