Gambling and trading has similar risk that things can escalate very quickly. When you are in loss, and are using leverage in trading or are gambling, you are easily to lose control on yourself and can do many stupid things.
Your stupid activities can escalate risk and increase your loss, from a small loss, you will end with big loss or even bankruptcy. In trading, if you use cross-collateral margin, and escalating things by deposit more money to your account and collateral with hope that you can rescue your position and account. Eventually you can fail and lose very big money, and it's worse than if you accept loss at start and move on with rest money as your deposit after a liquidation.
In trading, you can reduces the risk by learning more about trading. You can use spot trading than future trading to minimizes your risk especially if you are still beginner in trading.
In gambling, if you don't have luck and just rely on your strategies, you will difficult to win because the games can change the direction without you notice. So gambling and trading will not be the same unless you are trading without knowledge, that will be the same. But the important thing that you must remind is only use the money you can afford to lose.
Buddy with this experience of yours, it will really help you to overcome constant losing in gambling because it seems you know when to strike and when not to, which is a very good thing for a gambler and I also believe that as a gambler who gambles for entertainment purposes you won't gamble with emotions if so that's really good, keep it up because this will make you not to get addicted, I think I have learnt too.
I think the reason why people even chase loss in the first place is thinking about their lucky and unlucky days as you said,
Some gamblers has forgotten that chasing of lose will be a very wrong approach for a gambler, having the mindset of what have gone in the past is gone and concentrating on your next move as a gambler will help you get over your loss, as a gambler you should always tell yourself the truth and know the truth itself which is knowing that losing is inevitable, being aware of this will give gamblers peace and put them on the right track, your conclusions are very right, having daily, weekly budget as it suits individual gambler is a nice idea instead gambling with all the funds available.
Yes that is what I always trying to remember especially when I am playing gambling. We can not playing gambling without think about prevents the big lose as we may have a big chance to lose big. If we can playing gambling without emotion and wants to have fun without thinking about the result, we will not be trigger to use more money as that can make us lose all of that money.
When people think about recovering their losses in gambling without considering to limits their money, that will makes them lose much. They should not think about winning in gambling as that will not easy and only waste their money and they can not enjoy their time playing gambling. They don't have to recover their losses in gambling and not thinks about that because that can makes them forget about limitation in gambling. They need to allocate some money to gambling and prevent the loss become big.
Do not spend everything you have in a day. Even if you make some limits for everyday, you don't have to pull them all and still remain some money on your side.
Yeah, I will not do that because that can makes me allocate more money and I can't do that. I prefer just to use some limit money and leave the rest for the other days.