Luck is what you need in gambling but you have to get to work with trading

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Quote from: awik p on July 05, 2023, 10:13:25 AM

Quote from: lunnatic on July 04, 2023, 09:09:22 PM

Quote from: rachael9385 on July 04, 2023, 05:48:45 PM

Trading is more considered than gambling but gambling is more riskier than trading, having the thought that trading is gambling you are having a wrong thinking. Trading is some how save but not 100% save and it can't be compared otherwise.

However, it is clear that the two are different because in trading, many things need to be prepared,
knowledge and skills need to be owned by traders while gambling is just like relying on luck alone,
gambling will not make us profitable so it is better to avoid it.

luck will not come continuously, therefore in trading we must learn to analyze and control psychology. it's not easy to achieve that, but that's the way to go, learn and gain experience from real trading practices. many people give up on their journey, because trading is not as easy as we imagine. it's different with gambling, where we don't need to analyze and are more inclined to expect luck, if we pay attention to most gamblers there's no success, except for bookies

It's true that bookies really get profits so as much as possible to avoid gambling,
it will only waste time and waste money so that in the end we will be poor,
trading is indeed more complicated but if you have a strong intention to learn it is not impossible it will bring success.

Fatunad

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Quote from: awik p on July 05, 2023, 10:13:25 AM

Quote from: lunnatic on July 04, 2023, 09:09:22 PM

Quote from: rachael9385 on July 04, 2023, 05:48:45 PM

Trading is more considered than gambling but gambling is more riskier than trading, having the thought that trading is gambling you are having a wrong thinking. Trading is some how save but not 100% save and it can't be compared otherwise.

However, it is clear that the two are different because in trading, many things need to be prepared,
knowledge and skills need to be owned by traders while gambling is just like relying on luck alone,
gambling will not make us profitable so it is better to avoid it.

luck will not come continuously, therefore in trading we must learn to analyze and control psychology. it's not easy to achieve that, but that's the way to go, learn and gain experience from real trading practices. many people give up on their journey, because trading is not as easy as we imagine. it's different with gambling, where we don't need to analyze and are more inclined to expect luck, if we pay attention to most gamblers there's no success, except for bookies

When you do make out some trading then you should really be removing into your mind about relying on being lucky because this isnt a market which it is really just relying on luck as a trader then you would be needing to do lots of sorts of things for you to make good trades and this is why you should really be realistic when it comes to trading approach and doesnt really rely about Luck.Its true that it might really be needing some mix of luck for sometime but this isnt something that you could really depend on. When you are depending on luck then you are just simply doing gambling and this is something you should really be avoiding
when you do trade. You would once be able to realize on what you are dealing with on the time that you do make out some in comparison on doing trades basing on analysis and making out some blind trades.

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Quote from: lunnatic on July 04, 2023, 09:09:22 PM

Quote from: rachael9385 on July 04, 2023, 05:48:45 PM

Trading is more considered than gambling but gambling is more riskier than trading, having the thought that trading is gambling you are having a wrong thinking. Trading is some how save but not 100% save and it can't be compared otherwise.

However, it is clear that the two are different because in trading, many things need to be prepared,
knowledge and skills need to be owned by traders while gambling is just like relying on luck alone,
gambling will not make us profitable so it is better to avoid it.

luck will not come continuously, therefore in trading we must learn to analyze and control psychology. it's not easy to achieve that, but that's the way to go, learn and gain experience from real trading practices. many people give up on their journey, because trading is not as easy as we imagine. it's different with gambling, where we don't need to analyze and are more inclined to expect luck, if we pay attention to most gamblers there's no success, except for bookies

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Quote from: rachael9385 on July 04, 2023, 05:48:45 PM

Trading is more considered than gambling but gambling is more riskier than trading, having the thought that trading is gambling you are having a wrong thinking. Trading is some how save but not 100% save and it can't be compared otherwise.

However, it is clear that the two are different because in trading, many things need to be prepared,
knowledge and skills need to be owned by traders while gambling is just like relying on luck alone,
gambling will not make us profitable so it is better to avoid it.

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If trading is all about hard work, so many traders that are making consistent loses in trading must have been in carzy profits by now. We need to have the key to trading for us to make profits from the market. The market is open to everyone and not everyone will succeed because we all have different mentally and thinking faculty. As a trader, we need to be ready for change so In case our strategy can not give us the kind of result we want to be having as a trader. Thise who trade and make profits are the ones that needed to be called traders.

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Trading is more considered than gambling but gambling is more riskier than trading, having the thought that trading is gambling you are having a wrong thinking. Trading is some how save but not 100% save and it can't be compared otherwise.

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Quote from: WatChe on July 02, 2023, 07:33:02 AM

Quote from: bitgolden on July 01, 2023, 12:51:03 PM

Learning how to trade is a big task, not a lot of people can do that and I believe that it is going to take a while before people really learn what they are doing. I know that it is not going to be that simple, but I know it is going to be available to focus on what they could potentially do. One of the biggest examples of this would be making sure that we are not really trading what we know, we are trading what we think we know without learning.

If you end up learning it well enough then you are going to end up with a trouble beyond measure. I hope that it gets to be a situation where everyone realizes that learning is a core part of trading. Gambling on the other hand? You do not need to learn anything after you learned the rules of the game.

There are many stories and threads here that people are taking advice from different signalling group about different coin(s). Anyone following such groups has lost his money and time but the worst part of this is that he didnt learn anything about trading in the long run. You need to spend time and effort in order to learn any type of trading. You wont excel until you learn to trade yourself and learning is putting your effort, spending time, bearing loss etc. There is no easy money in this world, everything comes with effort.

If you are really that a fan on following some certain groups or individuals when it comes to trading signals or hints or suggestions then you would really be that bounding on losing huge sums of money

and this is where usually people do make out learnings on the time that they would really be losing money which this is something that could really be avoided if you are really just that sensible towards your actions
because if you are really just that lazy when it comes on doing those things specially on trading then for sure it wouldnt really be giving out that kind of positive results or being that profitable simply.
Its not really that much a good idea on making yourself that minding or thinking that trading is really that similar to gambling because it would really be just making yourself that being careless
when you do really engage with trading.

Sooner or later you would really be able to realize things when you are on the actual condition on which you would be able to determine on what are the main factors which are needed in between trading and gambling.

AnonBitCoiner

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Those who consider trading as gambling have wrong concept and will face loss after which they will regret for their wrong concept. Some individuals put money into coins and they think that their luck will increase this amount but they are wrong because selection of coins matters alot after which your patience and timing of holding is the key factors which increase your profit.

Luck and hardworks are very different from each other and if you think that in trading your luck will enhance your money then you will never get profit. First try to understand about market, get knowledge how to get success in it, price prediction, good coins to select and all others points should learn before participation.

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Quote from: WatChe on July 02, 2023, 07:33:02 AM

There are many stories and threads here that people are taking advice from different signalling group about different coin(s). Anyone following such groups has lost his money and time but the worst part of this is that he didnt learn anything about trading in the long run.

No free lunch. If they give you free lunch, is it realistic?

They can give you free lunch with some signals to attract you and to convince you that their signals are free and good. When you join them more deeply, you lose because they will go ahead of you by buying first with cheaper prices. Then they give you signals to buying up the price for them. Your buying can trigger trading bots to work lifting up the price.

If you can join before break out, you can get profit but if you join after a break out, a later you join a bigger risk with loss you will possibly get.

Quote

You need to spend time and effort in order to learn any type of trading. You wont excel until you learn to trade yourself and learning is putting your effort, spending time, bearing loss etc. There is no easy money in this world, everything comes with effort.

Learning is never wasting and you have to learn about investment, trading. Practicing both of them and see what can work best with you, trading or investment, then choosing one to use with your capital.

WatChe

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Quote from: bitgolden on July 01, 2023, 12:51:03 PM

Learning how to trade is a big task, not a lot of people can do that and I believe that it is going to take a while before people really learn what they are doing. I know that it is not going to be that simple, but I know it is going to be available to focus on what they could potentially do. One of the biggest examples of this would be making sure that we are not really trading what we know, we are trading what we think we know without learning.

If you end up learning it well enough then you are going to end up with a trouble beyond measure. I hope that it gets to be a situation where everyone realizes that learning is a core part of trading. Gambling on the other hand? You do not need to learn anything after you learned the rules of the game.

There are many stories and threads here that people are taking advice from different signalling group about different coin(s). Anyone following such groups has lost his money and time but the worst part of this is that he didnt learn anything about trading in the long run. You need to spend time and effort in order to learn any type of trading. You wont excel until you learn to trade yourself and learning is putting your effort, spending time, bearing loss etc. There is no easy money in this world, everything comes with effort.

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Quote from: AmoreJaz on July 02, 2023, 06:40:19 AM

Quote from: bitgolden on July 01, 2023, 12:51:03 PM

Quote from: palle11 on June 27, 2023, 05:48:00 AM

This is a very important difference for trading and gambling. Apart from the rigorous time of proper and professional learning of the ropes which are so many to mention, from learning the general market analysis, currencies and coins interphase and interaction like $ especially, you now begin to learn how to operate on the trading platform or channel, how to place orders and what have you including stoploss, take profit, trailing stop, all the buy limit and sell limit plus your emotions all have to be learnt. Most important difference therefore is you can learn or relearn on the mistakes you made but I don't really know if we can call anything mistake in gambling rather we consider it as bad luck on that day.

Learning how to trade is a big task, not a lot of people can do that and I believe that it is going to take a while before people really learn what they are doing. I know that it is not going to be that simple, but I know it is going to be available to focus on what they could potentially do. One of the biggest examples of this would be making sure that we are not really trading what we know, we are trading what we think we know without learning.

If you end up learning it well enough then you are going to end up with a trouble beyond measure. I hope that it gets to be a situation where everyone realizes that learning is a core part of trading. Gambling on the other hand? You do not need to learn anything after you learned the rules of the game.

if you have no patience in learning the trade, you won't go anywhere on this field. however, once you get acquainted with the ins and outs, you would be addicted like in gambling. however, the prob with gambling is even if you learn the trade, winning will still be slippery as most games are based on luck. whereas, when it comes to trading, the more you know about what you're doing, the better chance of earning profits or at least not losing all your funds.

The more you learn about trading, the more you'll get into it. If you can earn a profit, you'll think that this is better than gambling. That is why others got really into trading when they got their first winning trade. You are right, even if you know the game in gambling, you can't still win it or boost your winning ratio as it is still about luck, and gambling is really about losing and having fun,while in trading, if you lose, then for sure there is something wrong with your strategy, which again, you can improve over time.

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Quote from: bitgolden on July 01, 2023, 12:51:03 PM

Quote from: palle11 on June 27, 2023, 05:48:00 AM

This is a very important difference for trading and gambling. Apart from the rigorous time of proper and professional learning of the ropes which are so many to mention, from learning the general market analysis, currencies and coins interphase and interaction like $ especially, you now begin to learn how to operate on the trading platform or channel, how to place orders and what have you including stoploss, take profit, trailing stop, all the buy limit and sell limit plus your emotions all have to be learnt. Most important difference therefore is you can learn or relearn on the mistakes you made but I don't really know if we can call anything mistake in gambling rather we consider it as bad luck on that day.

Learning how to trade is a big task, not a lot of people can do that and I believe that it is going to take a while before people really learn what they are doing. I know that it is not going to be that simple, but I know it is going to be available to focus on what they could potentially do. One of the biggest examples of this would be making sure that we are not really trading what we know, we are trading what we think we know without learning.

If you end up learning it well enough then you are going to end up with a trouble beyond measure. I hope that it gets to be a situation where everyone realizes that learning is a core part of trading. Gambling on the other hand? You do not need to learn anything after you learned the rules of the game.

if you have no patience in learning the trade, you won't go anywhere on this field. however, once you get acquainted with the ins and outs, you would be addicted like in gambling. however, the prob with gambling is even if you learn the trade, winning will still be slippery as most games are based on luck. whereas, when it comes to trading, the more you know about what you're doing, the better chance of earning profits or at least not losing all your funds.

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Quote from: bitgolden on July 01, 2023, 12:51:03 PM

Quote from: palle11 on June 27, 2023, 05:48:00 AM

This is a very important difference for trading and gambling. Apart from the rigorous time of proper and professional learning of the ropes which are so many to mention, from learning the general market analysis, currencies and coins interphase and interaction like $ especially, you now begin to learn how to operate on the trading platform or channel, how to place orders and what have you including stoploss, take profit, trailing stop, all the buy limit and sell limit plus your emotions all have to be learnt. Most important difference therefore is you can learn or relearn on the mistakes you made but I don't really know if we can call anything mistake in gambling rather we consider it as bad luck on that day.

Learning how to trade is a big task, not a lot of people can do that and I believe that it is going to take a while before people really learn what they are doing. I know that it is not going to be that simple, but I know it is going to be available to focus on what they could potentially do. One of the biggest examples of this would be making sure that we are not really trading what we know, we are trading what we think we know without learning.

That is why I don't force someone to get involved in trading if they know that they can do the job and carry the risk. And it was to know that trading is not for everybody, so if we think luck could help us, we'd rather leave and forget trading instead, choose to gamble.

Quote

If you end up learning it well enough then you are going to end up with a trouble beyond measure. I hope that it gets to be a situation where everyone realizes that learning is a core part of trading. Gambling on the other hand? You do not need to learn anything after you learned the rules of the game.

Well, in gambling we don't need to become pros or experts, at least having some knowledge is enough as we just rely on luck which is a pretty different approach to trading it indeed needs to have good knowledge and we know how to communicate with the market sentiment.

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Quote from: palle11 on June 27, 2023, 05:48:00 AM

This is a very important difference for trading and gambling. Apart from the rigorous time of proper and professional learning of the ropes which are so many to mention, from learning the general market analysis, currencies and coins interphase and interaction like $ especially, you now begin to learn how to operate on the trading platform or channel, how to place orders and what have you including stoploss, take profit, trailing stop, all the buy limit and sell limit plus your emotions all have to be learnt. Most important difference therefore is you can learn or relearn on the mistakes you made but I don't really know if we can call anything mistake in gambling rather we consider it as bad luck on that day.

Learning how to trade is a big task, not a lot of people can do that and I believe that it is going to take a while before people really learn what they are doing. I know that it is not going to be that simple, but I know it is going to be available to focus on what they could potentially do. One of the biggest examples of this would be making sure that we are not really trading what we know, we are trading what we think we know without learning.

If you end up learning it well enough then you are going to end up with a trouble beyond measure. I hope that it gets to be a situation where everyone realizes that learning is a core part of trading. Gambling on the other hand? You do not need to learn anything after you learned the rules of the game.

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Quote from: jaberwock on June 30, 2023, 11:21:53 AM

Quote from: ?? on ??

It is important for oneself to conclude that luck can be today and not be tomorrow. And we want stable results. So, it is better to pay attention to learning and experience than to hope for luck.

It's not possible to tell when luck will come or how long it will stay if it's already there. This is why people are advised to not depend on it but we should only depend on the things which are more surer every single day. Like for example by working on an office job, you are always guaranteed to be paid daily as long as you show up and do your job properly.

Stable results will depend on some activities only. Not all times they are available so people should accept the reality if they don't want to suffer. Learning and experience are both needed in trading but despite of it, making the same amount money from time to time is still not guaranteed but it's better than in gambling if your goal is to make money.

Unfortunately very few people will choose such a path, if you could somehow offer a person the chance of becoming rich right now with very low odds of this happening, or to become rich on 20 years but with a very high likelihood of happening, a great deal of people will choose the former over the latter.

Basically people want not only to get rich, they want to reach such riches with no effort and as quickly as possible, a dream that is almost impossible to accomplish as those which become that wealthy take a very long time to reach their goals.

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Quote from: stomachgrowls on June 29, 2023, 05:25:08 PM

Quote from: jossiel on June 29, 2023, 02:06:42 PM

There can still be beginners luck which also happens in trading. But then, realizing all of the things that circulates in trading, it's not the same as gambling.

So this varies from the point of view of a gambler looking at trading and a trader looking at gambling. The thought that it all starts is because both do agree that the risk is there.

And that risk measured depends on the outlook of the person looking at it.

Yep. we do really have that beginners luck on which it would really be just that normal that we might be able to experience some wins or profits on initial engagement but on the time that you would really be doing this
and turns out that you are experiencing losing money then this is where realization would really be happening. Gambling and trading might be having some similarities when it comes to risks but the level in between both
things would be different.

There is a right approach when you do trade and theres a right approach when you do gamble which it is really that totally different. We know trading is for long term and gambling is for leisure and entertainment.
You cant really be able to collide both things to be similar because it is really just truly that different. Trading would really be turning out to be a gambling is on the time that you wont really be putting
any analysis with your trading decisions which is something that we do really need to avoid. You would once realize these things when you do have that actual dealing with these things.

For some, gambling isn't a leisure and entertainment. We just have to accept it that it's not for us and there are people that don't gamble just for those but for livelihood.

Those are the good gamblers that have made their ways to become professionals and there's really existing people that are into this business. They're making more than what some other traders make but there are also traders that do make more than these gamblers.

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Quote from: usekevin on June 30, 2023, 02:05:58 PM

Mostly people try their luck in the crypto currency gambling,because if you get money in gambling sites.It’s easy to gamble and multiple it easily.But gambling based on luck,So it’s possible to lose some funds too.The odds should be adjusted based on the probability and increasing about the fixed odds are always risky one.Analytical skills is essential one for the traders to earn some money from it.

Yes trading is more than relying on luck as there are many things to prepare,
knowledge and skills will definitely support which in gambling I don't think it's used,
in gambling for me like purely relying on luck alone.

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Mostly people try their luck in the crypto currency gambling,because if you get money in gambling sites.It’s easy to gamble and multiple it easily.But gambling based on luck,So it’s possible to lose some funds too.The odds should be adjusted based on the probability and increasing about the fixed odds are always risky one.Analytical skills is essential one for the traders to earn some money from it.

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Quote from: Russlenat on June 18, 2023, 02:44:30 PM

Gambling is purely based from luck and chances, while trading is based on knowledge and skills, and some good and working strategies to win the trades. Though I believe trading also needs luck as much as it is as there are times trading end up still at a losing end. And when gambling, even if you have the knowledge and strategies, winning is not guaranteed while trading increases its chances of winning your trades and making you profitable if you know how to analyze the market and adopt whatever the market trends.

Gambling needs no experience because it is consider that if the luck of someone is better then he will win otherwise loss will he his future. On the other hand when you take step towards trading then you have to learn that what strategies to apply and at what price you have to sell and buy your coin.

Gambling is easy but it's full of risk and disadvantages whereas trading is hard to do and learn but it's not as risky as that of gambling and it will definitely gives you profit if you manage risk factors, indicate the right time of buying and selling, have eye on price chart and having previous experience in trading.

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It is important for oneself to conclude that luck can be today and not be tomorrow. And we want stable results. So, it is better to pay attention to learning and experience than to hope for luck.

It's not possible to tell when luck will come or how long it will stay if it's already there. This is why people are advised to not depend on it but we should only depend on the things which are more surer every single day. Like for example by working on an office job, you are always guaranteed to be paid daily as long as you show up and do your job properly.

Stable results will depend on some activities only. Not all times they are available so people should accept the reality if they don't want to suffer. Learning and experience are both needed in trading but despite of it, making the same amount money from time to time is still not guaranteed but it's better than in gambling if your goal is to make money.

Topic: Luck is what you need in gambling but you have to get to work with trading (Read 932 times)