How is trading *not* gambling? - page 4.

kevinn669

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Quote from: PokerFace3 on May 27, 2017, 03:51:21 PM

Quote from: PeterTheGrape on May 26, 2017, 11:43:19 PM

If you throw your money up in the air and hope it lands a certain way, you are gambling.

If you check the wind and the weight of the money before throwing, you are trading.

Good explanation. But it is trying to say both gambling and trading are fundamentally same thing and only differences is analytical part. This may be another good supportive point for trading is never should be done like gambling should be done.

I disagree with you. Trade - a process that controls the trader. A gambling inns can not be controlled. They are all based on chance. In trade, all risks lie on the trader and the outcome depends on his decision

PokerFace3

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Quote from: PeterTheGrape on May 26, 2017, 11:43:19 PM

If you throw your money up in the air and hope it lands a certain way, you are gambling.

If you check the wind and the weight of the money before throwing, you are trading.

Good explanation. But it is trying to say both gambling and trading are fundamentally same thing and only differences is analytical part. This may be another good supportive point for trading is never should be done like how gambling may be done.

I am not having any confusion over there. Still sometimes I am also going for trading how I do in gambling. Yes, I do bet with my trading. But fortunately I am making better results than gambling. Hence trading is not exact gambling but not for extremely lucky people.

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Quote from: PeterTheGrape on May 26, 2017, 11:43:19 PM

Quote from: mk3000 on January 19, 2017, 07:43:55 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 similar, but there is one key difference.

If you throw your money up in the air and hope it lands a certain way, you are gambling.

If you check the wind and the weight of the money before throwing, you are trading

But this is not what this topic is about

Whether you check the wind and the weight of the coin before tossing or rely purely on luck, in the end, as per opening post, you are "just betting on something completely random". If you disagree (which you should), then you have to explain how trading is not betting if everyone "goes for wool but comes back shorn", so to speak, i.e. everyone and his dog want to earn profits but in the end they still count only losses. So how trading is not gambling for them?

degaga15

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Trading instead of gambling. Where you buy something you continue to sell when the price goes up, while the gamble you do not analyze and understand what will happen.

Singwala

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For me trading is not a gambling. patient is the one you need to do. once you lost patient lots of regret waiting to you maybe today you sell your coins because tired of waiting to go up. then tommorow that coin go up x100. I'm saying this because this is my personal experience in trading. to many regret,failure, learn in experience. analyzed the coins before you buy. And set your goal. you will become a successful trader one day

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Quote from: Xenophoto on May 27, 2017, 09:50:37 AM

Quote from: PeterTheGrape on May 26, 2017, 11:43:19 PM

Quote from: mk3000 on January 19, 2017, 07:43:55 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 similar, but there is one key difference.

If you throw your money up in the air and hope it lands a certain way, you are gambling.

If you check the wind and the weight of the money before throwing, you are trading.

If after all your calculations or speculations, your prediction has failed, then that's just reality.

The wind can change anytime. In trading, anyone can dump the market. A coin can be dumped and never get recovered. The dev can also destroy their coin. There are other stuffs that can affect the coin like the coin's popularity, random investor, etc. All I can say that everything in trading is purely random. Even if you do your research, you're still gambling your money. There's still no assurance that the future holds something good for you.

Maybe everything in the trading is random but we can still predict a part of that randomness. As you say, predictions may succeed or fail but if we predict by emotion, we are certainly gamblers and do not know anything about trading. However, if we make predictions based on our analysis and our experience, we can be proud because we are a true trader. Trading is not gambling if you focus on learning and researching it, it's just gambling with people who just rely on luck

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Quote from: PeterTheGrape on May 26, 2017, 11:43:19 PM

Quote from: mk3000 on January 19, 2017, 07:43:55 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 similar, but there is one key difference.

If you throw your money up in the air and hope it lands a certain way, you are gambling.

If you check the wind and the weight of the money before throwing, you are trading.

If after all your calculations or speculations, your prediction has failed, then that's just reality.

The wind can change anytime. In trading, anyone can dump the market. A coin can be dumped and never get recovered. The dev can also destroy their coin. There are other stuffs that can affect the coin like the coin's popularity, random investor, etc. All I can say that everything in trading is purely random. Even if you do your research, you're still gambling your money. There's still no assurance that the future holds something good for you.

PeterTheGrape

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Quote from: mk3000 on January 19, 2017, 07:43:55 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 similar, but there is one key difference.

If you throw your money up in the air and hope it lands a certain way, you are gambling.

If you check the wind and the weight of the money before throwing, you are trading.

OrangeII

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Actually gambling and trading are different, but have in common. Although trading relies on analysis, but still it leads to the chances, it's just bigger chances than when gambling. Therefore, sometimes people see trading, just like gambling.

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Quote from: carlisle1 on May 26, 2017, 02:38:18 PM

Not like im gambling, Trading really needs a serious and broad analysis and trading is actually a type of venture to earn and not for entertainment which gambling is supposed to be . And it only has a similarity when it comes to risk also both of them seems to be involving luck .

I agree with that, hence we need to be fully educate before we put a bigger amount of money, it's not advisable to
treat trading like gambling where you base on luck, it will not bring constant income.

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Not like im gambling, Trading really needs a serious and broad analysis and trading is actually a type of venture to earn and not for entertainment which gambling is supposed to be . And it only has a similarity when it comes to risk also both of them seems to be involving luck .

creative~mind

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In trading, not only you can apply fundamental analysis, but also technical analysis, and I see people getting good results from it. Regarding gambling, there are people who claim to be successful applying some techniques, but I do not see much of it in practice.

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Quote from: gabbie2010 on May 26, 2017, 12:48:48 PM

Trading and Gambling are two different things, Gambling is like tossing a coin to get head or tail i.e a game of luck unlike trading. Trading is learned via various online website like pipschool having learnt the technical and fundamental analysis of trading then you put into use what you have learnt by demoing, consistency in winning most of the trades makes you to invest and becomes a trader making daily profits although there may be some losses.

Trading is certainly not like gambling

In trading you don't need to flip a coin (though some traders might do exactly that, at least, sometimes), but is trading really different from gambling? If we proceed from the assumption that it is the end result that matters, then it is no secret that most traders are losing all in the end (unless they wisely call it a day), so is trading really so different from gambling for all these wretched traders, despite all the "pipschools" as well as technical and fundamental analyses (or whatever)?

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Trading and Gambling are two different things, Gambling is like tossing a coin to get head or tail i.e a game of luck unlike trading. Trading is learned via various online website like pipschool having learnt the technical and fundamental analysis of trading then you put into use what you have learnt by demoing, consistency in winning most of the trades makes you to invest and becomes a trader making daily profits although there may be some losses.

Noctis Connor

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Quote from: mk3000 on January 19, 2017, 07:43:55 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?

For me the different of playing gambling while in trading is i don't compare this two when it comes on gambling you can lose everything you had when it comes in trading you can minimize maximize your profit and minimize your lose in trading also you can get enough profit in short term of trading while in gambing once you lose your temper you can lose everything you had.

naidray

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Quote from: asyakashi on May 25, 2017, 10:22:08 PM

There are fears when trading is associated with gamling / betting, there are legal consequences that must be accepted in the community especially relating to belief and religious life. I have not found the gamling criteria in trading, nor found the correct laws in my religion. Until now I'm still looking for it. Roll Eyes

There could be no concrete definitions which will be helping you to understand how a trading in turning into gambling. But you can identify yourselves. Gambling is a game of luck hence when you are into trading just relying on your luck factor, you are trying to associate your trading into gambling. The difference between trading and gambling is decided by luck factor this way.

I guess you need to bother about religious things here until otherwise you are having clear cut idea about how to perform trading. You must need specialized skills and knowledge for finding better results from trading which is not a criteria in gambling.

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Quote from: Dontme on May 25, 2017, 10:40:39 PM

Trading is not gumbling because when you trade you will surely have something in return on what you buy or sell. Unlike in gumbling when you bet there is no assurance if you can have something in return or none.

Its either you win or you lose in return and it is good if you learn to trade .In gambling there is more risk thing to lose your money .
There are many difference that we can say that trading is too far in gambling. Betting in gambling is hard to predict unlike trading where the money you will get will be based on your speculations and prediction .

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Quote from: babymoney on May 25, 2017, 09:43:14 PM

Trading is not gambling be cause you can determine the odds of winning and losing. You can put the odds in your favor. In gambling you cannot, and often it is in the casinos favor.

Casino has a house edge so the odds are against you in the long run

But that doesn't mean that the odds are in your favor in trading. In fact, you can't know that even if you as you think "put the odds in your favor" until you first make a trade and then close your position (that basically amounts to a particular outcome when you roll a dice). Only then you can safely claim that you in fact changed the odds in your favor (provided you booked profits, of course). My point is that someone more experienced than you (or just having an insider's or arbitrageur's advantage) can easily take away your odds which you think you have changed in your favor

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Quote from: Dontme on May 25, 2017, 10:40:39 PM

Trading is not gumbling because when you trade you will surely have something in return on what you buy or sell. Unlike in gumbling when you bet there is no assurance if you can have something in return or none.

You sure do, but you don't know how much it is. You can still lose money. There's no difference at all. For example, you bought 1000 pcs of an altcoin at 0.0005BTC each. The price can go down to 1 satoshi each and you'd get 1000 satoshis if you sell them. People are going to disagree with me and say that it rarely happens but that's just because recently there's not much altcoin scamming going on. But in the past, tons of altcoins just turned into a scam after the developer ran away the funds which made the price go down to 1 satoshi each. Just visit Yobit so you can see for yourself.

Dontme

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Trading is not gumbling because when you trade you will surely have something in return on what you buy or sell. Unlike in gumbling when you bet there is no assurance if you can have something in return or none.

Topic: How is trading *not* gambling? - page 4. (Read 23340 times)

Topic: How is trading not gambling? - page 4. (Read 23340 times)