Outside risk: similarities between gambling and trading? - page 2.

Pmalek

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Quote from: ricardobs on May 17, 2019, 01:15:58 AM

In trading you can make profit without having any high risk only if you know the rules and its way to work out, a reliable source.

I wouldn't completely agree with this. Any kind of trading is high risk as well because no matter what resources you use there is no way to predict the market movements with 100% precision.
Imagine you bought Bitcoins last night when they were around 8.000, now a few hours later Bitcoin is down to 7.300 and you just lost 8% of your investment in just a few hours.

davinchi

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Quote from: FanEagle on May 16, 2019, 03:41:21 AM

Quote from: guoyu78 on May 10, 2019, 05:24:28 AM

I honestly don’t understand what you guys always mean when you refer to gambling as a game of fun. I think I need a comprehensive explanation to this because in my best knowledge gambling is a business. I am so convinced about this because I have played different games and my expectation is to get a positive return which means winning my game. That is what business is, commit money and expect profit in return. Fun is something that is achieved without monetary expectation, just fulfillment.

So the great similarity between trading and gambling is profit making . And like the upper poster has said which is also seconded by me, risk is a similar attribute they both share.

I am sorry to say this, but you will understand that gambling is fun the day you lose a huge amount of money in gambling simply because you want to make profit. I don’t think anyone is against making money from gambling but what is gotten from gambling cannot be referred to profit but maybe Benefit, so I would say that profit making is never a similarity between both gambling and trading.

In my opinion I would say that there is out rightly no similarity between both, if any comparison should be made, better we list out the differences, because there are more differences than similarity

You have a very good point. What is gotten from gambling should not be seen as profit since it is not a business. Benefit seems to be like the best phrase. I have also been worried on what makes profit a similarity, since in trading, the trader would be waiting patiently to see how the money invested grows but in gambling, it’s just to expect to either win or lose.

I would say that the similarity between both is that there is an expectation in both. The gambler has an expectation to either win or lose while the trader looks forward to profit or lose. Aside these I don’t see any comparison between them.

ricardobs

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Quote from: judeafante on May 09, 2019, 05:21:20 AM

Quote from: omonuyak on January 19, 2019, 02:36:56 AM

I Think risk and reward are the two similarities between gambling and forex, stocks and cryptocurrencies trading. For those that have been doing trading and gambling what did you notice as a similar among the two and through experience how much have you made from the both?

The risk is quite high on gambling because you are going to rely more on luck than your skill, compare to trading where much of it relies on your skill to analyze the pattern and situation, there is a good profit to be made in trading than gambling, anyone can play a gamble and win in the first time but it's hard to do that in trading.

There are similarities in gambling and trading but you will find few because both of them are different from each other in many aspects. In trading you can make profit without having any high risk only if you know the rules and its way to work out, a reliable source. On the other hand, gambling is not a reliable source of making money because you have no full control to make profit but competitors are there too.

sana54210

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Quote from: GregH37 on May 15, 2019, 02:30:19 AM

Quote from: upsidedown75 on May 14, 2019, 03:58:18 AM

Quote from: justspare on May 12, 2019, 12:48:53 AM

Quote from: bitgolden on May 10, 2019, 07:34:55 AM

I am glad you admitted not having an idea about trading and I am convinced that you are not a professional gambler. Maybe those who just play around with the game when they are bored but that is not a real gambler. I do both trading and I gamble for money and I can from experience say that both games are full of risk and both games require skills and study.

In sport betting which I specialize in, we realize that despite all efforts in digging into past records of teams, we can still be disappointed during betting’s and same as trading, regardless of the efforts in analyzing past trading records, there things can still change, so its all a game of risk.

I am so amazed to read that you do both gambling and trading and I am wondering how you cope since you are aware that they are both risky. Gambling alone that I have been playing, I don’t even know where I stand already because I have lost too much to the game. Some of my friends told me that trading is much easier though but I have not tried it. Maybe you should drop a little lecture on how you can survive the tension from both games.

For me I feel another similarity between trading and gambling is that they are both profitable, Aside that it’s both risky and loses can be made from both, there are chances of making money from both.

I feel you are that surprised because you probably have a negative mindset towards both. Drawing from your sentence, I can imagine that you are been tensed playing gambling and that is really not good. Gambling is not supposed to be that way, and I hope you have not lost more than what you can afford?

Again, You might need lecture on trading but sorry you don’t need any lecture to gamble. Just play your game for fun and spend less, you win sometimes, you lose. In my opinion, I do not really see so much similarity between both games, but profit realization at the end of each might actually be a similarity.

You have a very great point. It is really very clear that the upper poster is one of those that take gambling as a source of income, and it must have really been difficult for him running both because it will be like running two businesses with little business experience. Its not right at all.

Gambling is for entertainment. There was a time at high school, my friends and I would bet on different material things even to our dinner and it was really fun for us. We just saw it as a way to make ourselves happy. I feel we shouldn’t over work ourselves on gambling simply because money is involved and now the reward for playing is now in terms of cash and huge. There is no similarity between trading and gambling. One is for fun and one is Business.

In my opinion, I feel the whole basics of these arguments on gambling and trading as either game of fun and investment or the similarities between both is truly baseless and of no use. No matter how both games are been played, there will still be a trace of similarity between them. It’s just normal.

The similarity between gambling to me Is that both traders and gamblers have an attribute of self-discipline in their various ways of playing. I realized that gamblers are always so disciplined in playing their games because lack of self-discipline can lead them into addiction and same way traders are always exhibit self-discipline to enable them control loses in trading.

FanEagle

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Quote from: guoyu78 on May 10, 2019, 05:24:28 AM

I honestly don’t understand what you guys always mean when you refer to gambling as a game of fun. I think I need a comprehensive explanation to this because in my best knowledge gambling is a business. I am so convinced about this because I have played different games and my expectation is to get a positive return which means winning my game. That is what business is, commit money and expect profit in return. Fun is something that is achieved without monetary expectation, just fulfillment.

So the great similarity between trading and gambling is profit making . And like the upper poster has said which is also seconded by me, risk is a similar attribute they both share.

I am sorry to say this, but you will understand that gambling is fun the day you lose a huge amount of money in gambling simply because you want to make profit. I don’t think anyone is against making money from gambling but what is gotten from gambling cannot be referred to profit but maybe Benefit, so I would say that profit making is never a similarity between both gambling and trading.

In my opinion I would say that there is out rightly no similarity between both, if any comparison should be made, better we list out the differences, because there are more differences than similarity

Finestream

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Quote from: hahay on May 15, 2019, 12:57:30 PM

Quote from: RealMalatesta on May 15, 2019, 12:42:28 PM

Quote from: Kanda Yu on May 14, 2019, 05:12:15 AM

If you'd ask me both gambling and trading are risky but they only differ on the level of risky because gambling is riskier compared to trading. In gambling, you almost have no chance of winning but if your luck stuck in then it will be crazy profitable unlike trading your success rate are high and it will also kinda profitable. In order to handle the risk of trading, you must have possessed skills, knowledge and experience while in gambling you must have experience as well but the most important is an extreme amount of luck. Honestly, I used to do both trading and gambling but trading is not in my favor for now so I am unto casino games at Vegascasino to enjoy and waiting for some luck. Actually, this bitcoin casino is fun, a lot of bonuses and even amazing features.

How can gambling be more risky than trading, I don’t really get this explanation. In gambling you have a right to play any amount as little money as you can afford and even while depending on luck, it’s still fun to make wins and losses because you are happy at how luck could determine an outcome of a game but this is not the same as trading.

Because traders are aiming at profit on an investment and they aim at a certain amount, they can be tempted to putt in more than they can afford with the expectation that it would bring profit which is not even guaranteed and the next thing we hear is stories, I don’t trade anyway but I have seen how traders behave and they can’t be compared to gamblers who laugh when playing.

Gambling is more risky if you can realize it, even though you can play as little money as possible in gambling but it is a money that can be lost. Different in trading, even though your prediction is wrong but you still have the opportunity to get the money back even though it is not an expected profit.

Right.There is more assurance that in trading,you can still gain profits or even get your money back but in gambling,once you start betting,only losing or the other way around.But there are more chances in losing than winning in gambling.

Altcoins enthusiast

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Quote from: dunfida on May 15, 2019, 02:20:36 PM

Quote from: bitgolden on May 10, 2019, 07:34:55 AM

Quote from: Whosdaddy on May 09, 2019, 03:37:09 AM

Quote from: emmybd on May 08, 2019, 12:47:59 AM

I don't think that there is a lot of similarities between them. As gambling is purely based on luck, on the other hand, in trading experience, knowledge and technical skills count.

Gambling is never more risky than trading. I do not know so much about trading because that is not my field but I have friends that are into trading and I hear all they say about them, most of them live their daily lives in fear like they are scared of not losing their money.

It’s not the same thing with gambling. In gambling, we play with a relaxed mind because we play for fun. Aside those hungry desperate gamblers that put in all their money into gambling, gambling is a game of entertainment, with little or no risk at all. So it is a little bit confusing to me when gambling is been compared to trading. They are 2 different things entirely.

I am glad you admitted not having an idea about trading and I am convinced that you are not a professional gambler. Maybe those who just play around with the game when they are bored but that is not a real gambler. I do both trading and I gamble for money and I can from experience say that both games are full of risk and both games require skills and study.

In sport betting which I specialize in, we realize that despite all efforts in digging into past records of teams, we can still be disappointed during betting’s and same as trading, regardless of the efforts in analyzing past trading records, there things can still change, so its all a game of risk.

Odds of getting different result or outcome would always be there yet trading and gambling is a thing which chances either on positive or negative side do always lurking.
All do have the risk even having decisions in real life do have corresponding risk but since we are talking about trading and gambling then these 2 do have the most
when it comes to risk it would really just matter on how you do handle and prepare yourself on possible loss of money.Skills and analysis does matter but there are things that
cant be handled out well like on pure luck gambling type of game.

I think op put it very clear and he said "outside risk, what is the similarity between trading and gambling and that is what we should be focusing on. Risk exist in all face of life though there exist in level by level.

dunfida

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Quote from: bitgolden on May 10, 2019, 07:34:55 AM

Quote from: Whosdaddy on May 09, 2019, 03:37:09 AM

Quote from: emmybd on May 08, 2019, 12:47:59 AM

I don't think that there is a lot of similarities between them. As gambling is purely based on luck, on the other hand, in trading experience, knowledge and technical skills count.

Gambling is never more risky than trading. I do not know so much about trading because that is not my field but I have friends that are into trading and I hear all they say about them, most of them live their daily lives in fear like they are scared of not losing their money.

It’s not the same thing with gambling. In gambling, we play with a relaxed mind because we play for fun. Aside those hungry desperate gamblers that put in all their money into gambling, gambling is a game of entertainment, with little or no risk at all. So it is a little bit confusing to me when gambling is been compared to trading. They are 2 different things entirely.

I am glad you admitted not having an idea about trading and I am convinced that you are not a professional gambler. Maybe those who just play around with the game when they are bored but that is not a real gambler. I do both trading and I gamble for money and I can from experience say that both games are full of risk and both games require skills and study.

In sport betting which I specialize in, we realize that despite all efforts in digging into past records of teams, we can still be disappointed during betting’s and same as trading, regardless of the efforts in analyzing past trading records, there things can still change, so its all a game of risk.

Odds of getting different result or outcome would always be there yet trading and gambling is a thing which chances either on positive or negative side do always lurking.
All do have the risk even having decisions in real life do have corresponding risk but since we are talking about trading and gambling then these 2 do have the most
when it comes to risk it would really just matter on how you do handle and prepare yourself on possible loss of money.Skills and analysis does matter but there are things that
cant be handled out well like on pure luck gambling type of game.

hahay

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Quote from: RealMalatesta on May 15, 2019, 12:42:28 PM

Quote from: Kanda Yu on May 14, 2019, 05:12:15 AM

If you'd ask me both gambling and trading are risky but they only differ on the level of risky because gambling is riskier compared to trading. In gambling, you almost have no chance of winning but if your luck stuck in then it will be crazy profitable unlike trading your success rate are high and it will also kinda profitable. In order to handle the risk of trading, you must have possessed skills, knowledge and experience while in gambling you must have experience as well but the most important is an extreme amount of luck. Honestly, I used to do both trading and gambling but trading is not in my favor for now so I am unto casino games at Vegascasino to enjoy and waiting for some luck. Actually, this bitcoin casino is fun, a lot of bonuses and even amazing features.

How can gambling be more risky than trading, I don’t really get this explanation. In gambling you have a right to play any amount as little money as you can afford and even while depending on luck, it’s still fun to make wins and losses because you are happy at how luck could determine an outcome of a game but this is not the same as trading.

Because traders are aiming at profit on an investment and they aim at a certain amount, they can be tempted to putt in more than they can afford with the expectation that it would bring profit which is not even guaranteed and the next thing we hear is stories, I don’t trade anyway but I have seen how traders behave and they can’t be compared to gamblers who laugh when playing.

Gambling is more risky if you can realize it, even though you can play as little money as possible in gambling but it is a money that can be lost. Different in trading, even though your prediction is wrong but you still have the opportunity to get the money back even though it is not an expected profit.

RealMalatesta

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Quote from: Kanda Yu on May 14, 2019, 05:12:15 AM

If you'd ask me both gambling and trading are risky but they only differ on the level of risky because gambling is riskier compared to trading. In gambling, you almost have no chance of winning but if your luck stuck in then it will be crazy profitable unlike trading your success rate are high and it will also kinda profitable. In order to handle the risk of trading, you must have possessed skills, knowledge and experience while in gambling you must have experience as well but the most important is an extreme amount of luck. Honestly, I used to do both trading and gambling but trading is not in my favor for now so I am unto casino games at Vegascasino to enjoy and waiting for some luck. Actually, this bitcoin casino is fun, a lot of bonuses and even amazing features.

How can gambling be more risky than trading, I don’t really get this explanation. In gambling you have a right to play any amount as little money as you can afford and even while depending on luck, it’s still fun to make wins and losses because you are happy at how luck could determine an outcome of a game but this is not the same as trading.

Because traders are aiming at profit on an investment and they aim at a certain amount, they can be tempted to putt in more than they can afford with the expectation that it would bring profit which is not even guaranteed and the next thing we hear is stories, I don’t trade anyway but I have seen how traders behave and they can’t be compared to gamblers who laugh when playing.

GregH37

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Quote from: upsidedown75 on May 14, 2019, 03:58:18 AM

Quote from: justspare on May 12, 2019, 12:48:53 AM

Quote from: bitgolden on May 10, 2019, 07:34:55 AM

I am glad you admitted not having an idea about trading and I am convinced that you are not a professional gambler. Maybe those who just play around with the game when they are bored but that is not a real gambler. I do both trading and I gamble for money and I can from experience say that both games are full of risk and both games require skills and study.

In sport betting which I specialize in, we realize that despite all efforts in digging into past records of teams, we can still be disappointed during betting’s and same as trading, regardless of the efforts in analyzing past trading records, there things can still change, so its all a game of risk.

I am so amazed to read that you do both gambling and trading and I am wondering how you cope since you are aware that they are both risky. Gambling alone that I have been playing, I don’t even know where I stand already because I have lost too much to the game. Some of my friends told me that trading is much easier though but I have not tried it. Maybe you should drop a little lecture on how you can survive the tension from both games.

For me I feel another similarity between trading and gambling is that they are both profitable, Aside that it’s both risky and loses can be made from both, there are chances of making money from both.

I feel you are that surprised because you probably have a negative mindset towards both. Drawing from your sentence, I can imagine that you are been tensed playing gambling and that is really not good. Gambling is not supposed to be that way, and I hope you have not lost more than what you can afford?

Again, You might need lecture on trading but sorry you don’t need any lecture to gamble. Just play your game for fun and spend less, you win sometimes, you lose. In my opinion, I do not really see so much similarity between both games, but profit realization at the end of each might actually be a similarity.

You have a very great point. It is really very clear that the upper poster is one of those that take gambling as a source of income, and it must have really been difficult for him running both because it will be like running two businesses with little business experience. Its not right at all.

Gambling is for entertainment. There was a time at high school, my friends and I would bet on different material things even to our dinner and it was really fun for us. We just saw it as a way to make ourselves happy. I feel we shouldn’t over work ourselves on gambling simply because money is involved and now the reward for playing is now in terms of cash and huge. There is no similarity between trading and gambling. One is for fun and one is Business.

Kanda Yu

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If you'd ask me both gambling and trading are risky but they only differ on the level of risky because gambling is riskier compared to trading. In gambling, you almost have no chance of winning but if your luck stuck in then it will be crazy profitable unlike trading your success rate are high and it will also kinda profitable. In order to handle the risk of trading, you must have possessed skills, knowledge and experience while in gambling you must have experience as well but the most important is an extreme amount of luck. Honestly, I used to do both trading and gambling but trading is not in my favor for now so I am unto casino games at Vegascasino to enjoy and waiting for some luck. Actually, this bitcoin casino is fun, a lot of bonuses and even amazing features.

upsidedown75

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Quote from: justspare on May 12, 2019, 12:48:53 AM

Quote from: bitgolden on May 10, 2019, 07:34:55 AM

I am glad you admitted not having an idea about trading and I am convinced that you are not a professional gambler. Maybe those who just play around with the game when they are bored but that is not a real gambler. I do both trading and I gamble for money and I can from experience say that both games are full of risk and both games require skills and study.

In sport betting which I specialize in, we realize that despite all efforts in digging into past records of teams, we can still be disappointed during betting’s and same as trading, regardless of the efforts in analyzing past trading records, there things can still change, so its all a game of risk.

I am so amazed to read that you do both gambling and trading and I am wondering how you cope since you are aware that they are both risky. Gambling alone that I have been playing, I don’t even know where I stand already because I have lost too much to the game. Some of my friends told me that trading is much easier though but I have not tried it. Maybe you should drop a little lecture on how you can survive the tension from both games.

For me I feel another similarity between trading and gambling is that they are both profitable, Aside that it’s both risky and loses can be made from both, there are chances of making money from both.

I feel you are that surprised because you probably have a negative mindset towards both. Drawing from your sentence, I can imagine that you are been tensed playing gambling and that is really not good. Gambling is not supposed to be that way, and I hope you have not lost more than what you can afford?

Again, You might need lecture on trading but sorry you don’t need any lecture to gamble. Just play your game for fun and spend less, you win sometimes, you lose. In my opinion, I do not really see so much similarity between both games, but profit realization at the end of each might actually be a similarity.

justspare

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Quote from: bitgolden on May 10, 2019, 07:34:55 AM

I am glad you admitted not having an idea about trading and I am convinced that you are not a professional gambler. Maybe those who just play around with the game when they are bored but that is not a real gambler. I do both trading and I gamble for money and I can from experience say that both games are full of risk and both games require skills and study.

In sport betting which I specialize in, we realize that despite all efforts in digging into past records of teams, we can still be disappointed during betting’s and same as trading, regardless of the efforts in analyzing past trading records, there things can still change, so its all a game of risk.

I am so amazed to read that you do both gambling and trading and I am wondering how you cope since you are aware that they are both risky. Gambling alone that I have been playing, I don’t even know where I stand already because I have lost too much to the game. Some of my friends told me that trading is much easier though but I have not tried it. Maybe you should drop a little lecture on how you can survive the tension from both games.

For me I feel another similarity between trading and gambling is that they are both profitable, Aside that it’s both risky and loses can be made from both, there are chances of making money from both.

BlueStackz

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Quote from: judeafante on May 09, 2019, 05:21:20 AM

Quote from: omonuyak on January 19, 2019, 02:36:56 AM

I Think risk and reward are the two similarities between gambling and forex, stocks and cryptocurrencies trading. For those that have been doing trading and gambling what did you notice as a similar among the two and through experience how much have you made from the both?

The risk is quite high on gambling because you are going to rely more on luck than your skill, compare to trading where much of it relies on your skill to analyze the pattern and situation, there is a good profit to be made in trading than gambling, anyone can play a gamble and win in the first time but it's hard to do that in trading.

On the contrary, gambling is not just a game of luck but skill is also required. This idea of gambling as a game of luck is what is affecting most gamblers daily. They keep on hoping that it’s a game of lucky and many would play without preparation. You cant succeed in gambling with this kind of mentality. GAMBLING REQUIRES SKILLS. In poker game, skill is highly required, same as sport betting, you have to be current and smart in making decisions.

On similarity, aside the fact they both require skills, I would say that they are both very risky games. You can’t be too confident of winning in gambling regardless of your skills and you can’t be too sure of winning also in trading.

bitgolden

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Quote from: Whosdaddy on May 09, 2019, 03:37:09 AM

Quote from: emmybd on May 08, 2019, 12:47:59 AM

I don't think that there is a lot of similarities between them. As gambling is purely based on luck, on the other hand, in trading experience, knowledge and technical skills count.

Gambling is never more risky than trading. I do not know so much about trading because that is not my field but I have friends that are into trading and I hear all they say about them, most of them live their daily lives in fear like they are scared of not losing their money.

It’s not the same thing with gambling. In gambling, we play with a relaxed mind because we play for fun. Aside those hungry desperate gamblers that put in all their money into gambling, gambling is a game of entertainment, with little or no risk at all. So it is a little bit confusing to me when gambling is been compared to trading. They are 2 different things entirely.

I am glad you admitted not having an idea about trading and I am convinced that you are not a professional gambler. Maybe those who just play around with the game when they are bored but that is not a real gambler. I do both trading and I gamble for money and I can from experience say that both games are full of risk and both games require skills and study.

In sport betting which I specialize in, we realize that despite all efforts in digging into past records of teams, we can still be disappointed during betting’s and same as trading, regardless of the efforts in analyzing past trading records, there things can still change, so its all a game of risk.

guoyu78

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Quote from: ausbit on May 09, 2019, 03:12:52 AM

Quote from: Noilee on May 07, 2019, 08:05:38 PM

I think both have a similarities, like they have a risk that you will loss if you dont have enough skills or some strategy. In gambling its so fast to loss your money if you are not lucky, while in trading its been a bit longer of time whether you earn profit or not that it needs patient.

Risk is not just a similarity between trading and gambling. Risk is in something that is very common with everything in life. In short life itself is a risk, so there is nothing spectacular that would make trading and gambling share a common risk.

I do not see any similarity between this two. Comparing a game of fun to a serious business of investment is really absurd. Good money is always involved in trading but for gambling its always spare money we can afford to lose. In trading, a trader is always tensed and full of fear till the end of the trade while in gambling the player are busy having fun and do not bother if a loss is made or.

I honestly don’t understand what you guys always mean when you refer to gambling as a game of fun. I think I need a comprehensive explanation to this because in my best knowledge gambling is a business. I am so convinced about this because I have played different games and my expectation is to get a positive return which means winning my game. That is what business is, commit money and expect profit in return. Fun is something that is achieved without monetary expectation, just fulfillment.

So the great similarity between trading and gambling is profit making . And like the upper poster has said which is also seconded by me, risk is a similar attribute they both share.

judeafante

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Quote from: omonuyak on January 19, 2019, 02:36:56 AM

I Think risk and reward are the two similarities between gambling and forex, stocks and cryptocurrencies trading. For those that have been doing trading and gambling what did you notice as a similar among the two and through experience how much have you made from the both?

The risk is quite high on gambling because you are going to rely more on luck than your skill, compare to trading where much of it relies on your skill to analyze the pattern and situation, there is a good profit to be made in trading than gambling, anyone can play a gamble and win in the first time but it's hard to do that in trading.

Whosdaddy

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Quote from: emmybd on May 08, 2019, 12:47:59 AM

I don't think that there is a lot of similarities between them. As gambling is purely based on luck, on the other hand, in trading experience, knowledge and technical skills count.

Gambling is never more risky than trading. I do not know so much about trading because that is not my field but I have friends that are into trading and I hear all they say about them, most of them live their daily lives in fear like they are scared of not losing their money.

It’s not the same thing with gambling. In gambling, we play with a relaxed mind because we play for fun. Aside those hungry desperate gamblers that put in all their money into gambling, gambling is a game of entertainment, with little or no risk at all. So it is a little bit confusing to me when gambling is been compared to trading. They are 2 different things entirely.

ausbit

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Quote from: Noilee on May 07, 2019, 08:05:38 PM

I think both have a similarities, like they have a risk that you will loss if you dont have enough skills or some strategy. In gambling its so fast to loss your money if you are not lucky, while in trading its been a bit longer of time whether you earn profit or not that it needs patient.

Risk is not just a similarity between trading and gambling. Risk is in something that is very common with everything in life. In short life itself is a risk, so there is nothing spectacular that would make trading and gambling share a common risk.

I do not see any similarity between this two. Comparing a game of fun to a serious business of investment is really absurd. Good money is always involved in trading but for gambling its always spare money we can afford to lose. In trading, a trader is always tensed and full of fear till the end of the trade while in gambling the player are busy having fun and do not bother if a loss is made or.

Topic: Outside risk: similarities between gambling and trading? - page 2. (Read 897 times)