Is trading gambling in another form? - page 5.

milewilda

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Quote from: Outhue on August 25, 2022, 09:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

Risk level is different although you cant really make out perfect trades but if we do talk about sustaining then if we do compare those gamblers to traders then you would significantly
tell the difference in between or on the time you would really be experiencing it for yourself.Trading would turn out to be gambling if you dont know on what are you doing.
4-6 profitable trades inside of 10? Dont know on where you do get this considering outcome will really vary on case to case basis on each trader thats why its never
been precise if you do look at with those numbers and making it as a constant result.Its never been that reliable.

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Quote from: Outhue on August 25, 2022, 09:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

There is a slight difference between them, but some people will confuse them. Gambling has no refund; once you have initiated or staked your game, you will have to wait for the outcome before knowing your faith; whereas trading can be monitored and even changed by the trader; the trader can decide not to trade again and take back his initial investment, and he can also take any profit he has at any time and decide whether to end it soon or not.

BitcoinPanther

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Quote from: Mr. Magkaisa on September 12, 2022, 01:29:51 AM

Quote from: Outhue on August 25, 2022, 09:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

- As you were able to able to know, trading and gambling are not the same things. You are right that gambling is betting on a game with no certainty as to whether you will win or not. Gamblers are what gambling sites do business with here in cryptocurrency.

Whereas in Crypto trading it is not, because it is a job that you can say or your business. Because it's not just luck, but it requires learning the right analysis, reading candle sticks, and other tools that can help us to understand movement on the chart or graph of an exchange platform.

There are instances where trading become a gambling when the traders buy certain assests blindly or buying due to the effect of other people's hype. Doing this kind of trades neglect the fundamental of trading thus, the trader has no idea on the market and just following the hype blindly which can be considered the same as betting in a lottery.

In trading risk should be studied, to apply risk management, technical and fundmental analysis is also applied. If a person failed to do that before buying any asset to trade, then it is more likely a gamble for the traders part.

Mr. Magkaisa

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Quote from: Outhue on August 25, 2022, 09:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

- As you were able to able to know, trading and gambling are not the same things. You are right that gambling is betting on a game with no certainty as to whether you will win or not. Gamblers are what gambling sites do business with here in cryptocurrency.

Whereas in Crypto trading it is not, because it is a job that you can say or your business. Because it's not just luck, but it requires learning the right analysis, reading candle sticks, and other tools that can help us to understand movement on the chart or graph of an exchange platform.

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Quote from: andriarto on September 12, 2022, 12:31:46 AM

Quote from: Outhue on August 25, 2022, 09:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

if in trading there is a consistent profit term, which maybe in one month as you mentioned you can win at least 60% of transactions, where all transactions are taken into account and a framework is made before acting. this is different from gambling, where you only expect luck to come without any reason why you can make the transaction. therefore trading does not always make a profit, but has a cumulative profit greater than the loss

Infact in trading you actually win 4 lose 6 and still be profitable unlike gambling this is based on using a tight Stop Loss on losing trades while running the profitable trades with a low risk to
high reward ratio by trailing stop it especially when the market is trending massively, thus I wouldn't subscribe to school of thoughts who categorize or believe trading is gambling, when all the necessary trading skills is acquired, such a trader will always have an edge over the market, although this comes with a lot of commitment, efforts, practice, charting techniques which includes learning candlestick patterns e.t.c.

andriarto

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Quote from: Outhue on August 25, 2022, 09:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

if in trading there is a consistent profit term, which maybe in one month as you mentioned you can win at least 60% of transactions, where all transactions are taken into account and a framework is made before acting. this is different from gambling, where you only expect luck to come without any reason why you can make the transaction. therefore trading does not always make a profit, but has a cumulative profit greater than the loss

Tony116

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Quote from: Outhue on August 25, 2022, 09:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

They both have some similarities, such as the goal of making profit and both have risks so it can be said that they are the same. But they also have different points, gambling you do not need to have too much knowledge, making a profit is based on your gambling skills and experience. And with trading you need to have knowledge, to learn a lot, to combine with experience to make a profit. When you trade with any market, it is important that you stay up to date with the news as it will directly affect the market movement, which is not necessary in gambling.

adaseb

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This was discussed many times in the past. Even with stock traders it was discussed. It may or may not be a form of gambling. If you are guessing and have no idea what you are doing and are risking all your money, then it’s considered gambling.

But if you are investing for the long term with your savings then you are obviously not gambling in that case. So this is based on a case by case basis but many have lost everything in trading due to fear and greed.

JoyMarsha

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Trading and gambling are two different things. In trading, you need a high level of intelligence, strategy and experience before starting it. But in gambling, not much idea is needed. All you need is to try your luck by guessing. Gambling can be entertaining when indulging in it but in trading, you are expected to be smart, intelligent and serious.

The only similarity between the two is that there is no guaranteed winner. You either win, lose or quit trying.

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Quote from: lienfaye on September 11, 2022, 07:11:18 PM

Quote from: Outhue on August 25, 2022, 09:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

Trading is similar to gambling because the outcome is uncertain. However, compared to gambling, trading is not entirely depending on luck because you can do something to increase the chances to gain. And that is by having a knowledge on what you're doing, having your own strategy and analysis. These are needed in order to maximize your chances and prevented yourself from losing your money. Of course losing is inevitable sometimes because it depends on your decision, like the coins you'll trade and the timing.

The good thing is, many traders are able to gain through their knowledge and experiences unlike in gambling wherein the house always win.

The newbies in trading are the ones gambling in the market while the experienced traders are already equipped to make a profit and are not dependent on luck.

Trading can be compared to Stocks or the Forex market which is totally regulated by the government. It's an opportunity for people to make money out of money while gambling is often going to ruin lives.

lienfaye

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Quote from: Outhue on August 25, 2022, 09:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

Trading is similar to gambling because the outcome is uncertain. However, compared to gambling, trading is not entirely depending on luck because you can do something to increase the chances to gain. And that is by having a knowledge on what you're doing, having your own strategy and analysis. These are needed in order to maximize your chances and prevented yourself from losing your money. Of course losing is inevitable sometimes because it depends on your decision, like the coins you'll trade and the timing.

The good thing is, many traders are able to gain through their knowledge and experiences unlike in gambling wherein the house always win.

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Quote from: Vaculin on September 11, 2022, 06:38:05 PM

Quote from: Luzin on September 01, 2022, 10:45:57 AM

Some people may talk like that, but I think trading and gambling are very different. Trades have an agreed consensus analysis even though they already have an agreement that takes the form of a sell or buy order. So they have agreed and it is very different from gambling. Gambling or betting is usually only armed with a lucky guess. So trading is not gambling, but it can be trading into gambling because it does without analysis and only based on guesses.

Trading may fall likely into gambling if you risk your money without trading preparation from the start. Though others still make profits and sometimes become lucky in trading, but in most cases, if you trade without skills and good marketing analysis, you will never succeed and become profitable. Trading is more likely gained and acquired, while gambling is just pure luck based and wild guesses.

Agreed and when you find it a way to try your luck investing over an altcoin that isn't popular as well as have reached the market in recent days, then it is pure gambling. Because you're just going with a random choice and not by analysis.

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Quote from: RILWAN on September 09, 2022, 03:47:18 PM

Trading and gambling are way too different in terms and conditions, trading is easy and can be learned on a personal thing and they reduce the risk level, but gambling, on the other hand, is mostly based on luck and the risk of losing your bets is always high. I'm trading we have what is called stop lose but in gambling, there is nothing like that.

The risk in gambling is higher than in trading. In trading, we could choose profitable and potential coins that we could trust while in gambling, we could only trust our guts and luck. We could have a higher chance of being successful in trading as long as we have the skills and knowledge about it and as long as we know how to deal with the volatility of the market.

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Quote from: Luzin on September 01, 2022, 10:45:57 AM

Some people may talk like that, but I think trading and gambling are very different. Trades have an agreed consensus analysis even though they already have an agreement that takes the form of a sell or buy order. So they have agreed and it is very different from gambling. Gambling or betting is usually only armed with a lucky guess. So trading is not gambling, but it can be trading into gambling because it does without analysis and only based on guesses.

Trading may fall likely into gambling if you risk your money without trading preparation from the start. Though others still make profits and sometimes become lucky in trading, but in most cases, if you trade without skills and good marketing analysis, you will never succeed and become profitable. Trading is more likely gained and acquired, while gambling is just pure luck based and wild guesses.

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Quote from: virasisog on September 11, 2022, 11:00:51 AM

The risk in gambling is higher than in trading. In trading, we could choose profitable and potential coins that we could trust while in gambling, we could only trust our guts and luck. We could have a higher chance of being successful in trading as long as we have the skills and knowledge about it and as long as we know how to deal with the volatility of the market.

Yes you are right, but know that trading and gamblling risk differs, but calculating their proportion you can't conclude that the risk in gambling is of higher potential than the one in trading. I will agree with you, because gambling risk is not controllable or measurable while trading can be controlled and monitored with the understanding of the chart. But gambling doesn't have chart to use and examine it.

Digital_Lord

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Not at all, trading is not a gambling but people ordinary promotes different gaming projects to gain double boon from it one as a fount of pleasure and other as a fount of gaining payback. But clients should not estimate trading as a game, hence trading is very treacherous and if you do not take it thoughtful you will be loss your award without any mistrust.

RILWAN

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Trading and gambling are way too different in terms and conditions, trading is easy and can be learned on a personal thing and they reduce the risk level, but gambling, on the other hand, is mostly based on luck and the risk of losing your bets is always high. I'm trading we have what is called stop lose but in gambling, there is nothing like that.

Nrcewker

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Quote from: Outhue on August 25, 2022, 09:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

It always depends upon the user.
I mean if the trader is taking high risks to get maximum profits, then it can be easily called as gambling .
You need to just understand the deep meaning of both the words.
Yes if you investing with flexible risk on a particular coin and yielding little profits over a long period of time, then for me it’s considered as trading.
It basically depends and varies from users to user.

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Quote from: Luffygroove on September 04, 2022, 11:06:50 PM

For me, gambling is to bet on something that is purely unknown, when you learn about something, and analyze the results based on the knowledge you gain, it's far from gambling. However, trading could be gambling too, if you don't know what you're doing. You're blindly buying and selling without any clue, hoping you'll always get profits counting on luck. That's why I prefer to see whether it's gambling or not based on how we reach the goal. To get some profits, what will you do, use some of your knowledge or blindly trade, that will make a difference.

You're wrong because in many games there are ways to know on what you are betting even more precisely than in crypto trading. For example in sport betting probabilities of outcomes are way more accurate than the ones you could evaluate when you are trading. And in casino games probabilities are fixed and known unlike trading and sport betting, but you can have reliable forecasts in some games by counting cards, at baccarat or blackjack for example.

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Quote from: Outhue on August 25, 2022, 09:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

Every investment is a gambling if we look from the perspective you mentioned because the greatest ever investors by knowledge we have is Warren Buffett has hard time reaching the returns from the investment 6 times out of 10.

From the broader perspective we need to look at this, trading involves luck to some extent but its not completely rely on the luck, we need to give lot of extra analysis to make consistent profits from being a trader.

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