Topic: Trading is gambling after all - page 4. (Read 1006 times)

Trading is not gambling at all. I don't consider Poker gambling even, but trading is far less like gambling than poker. First of all, it's not a game of chance, the results are based on real life things, speculation, news, real money transactions. They're not based on chance, on dices, on wheels and  randomness.

Well, it arguably is related to gambling in some points. But it is not 100% gambling. It is a fact that gambling and trading is about tactics, luck, and predictions. However, trading requires taking much time to do research about the whole market.

Gambling is just about mastering the game and see your opponents reactions if you are playing poker for example. Added to that, trading is about patience and it takes so much time for you to gain a good profit.

Well you are right, when we do trading we take the risk of either failure or success, it's like you bet in a casino using all your capital. But what was different when you trade is that there are lots of option you can choose from and you can study first the market to somehow make a good assumption of which will likely to appreciate unlike in gambling that is absolutely clueless but just a wild guess.

Well, it arguably is related to gambling in some points. But it is not 100% gambling. It is a fact that gambling and trading is about tactics, luck, and predictions. However, trading requires taking much time to do research about the whole market.

Gambling is just about mastering the game and see your opponents reactions if you are playing poker for example. Added to that, trading is about patience and it takes so much time for you to gain a good profit.

Well, sort of, at least for the majority of ordinary and wannabe traders. It is relatively easy to earn money on a rising market but it becomes a completely different matter when a sideways market sets in like it is now in the cryptoverse. There are two major factors that turn trading into gambling for most players in this type of market which are presented below.

First, in any financial or speculative market, where Bitcoin rightfully belongs to, you can earn only if you take money from someone else. It could appear as if everyone earns with the rising price but things reveal their true nature when the price stops rising. It is kind of obvious but accepting this is necessary to understand why you can be the one losing the game in the end.

Second, some market participants have an unrestricted edge over the rest of the pack which means that under no circumstances they will be losing. These are arbitrageurs, insiders, exchanges and their likes. For example, it is impossible to beat exchange since it is 100% sure money for them when they can front run your orders and do a lot of other nasty things which you can't.

Given these two circumstances, it is easy to see that if you do not belong to the group of market participants mentioned above, trading pretty quickly turns into gambling for you. So your only chance to win is pure luck. But luck is not a friend of consistency, therefore the only consistency you can reliably expect is losing to someone who has an undisputed edge over you and the market.

Feel free to comment and post your thoughts and ideas here.

Right,  trading is also not like gambling for me because of the mere fact that you can control how much profit you earned by using analysis before making any decisions. In trading,  you can make sure that there is a profit unlike in gambling where there is totally no assurance and  just luck.  Some are saying that mathematics  can be used to win gambling games but I think that it was very imaginative.

Well, sort of, at least for the majority of ordinary and wannabe traders. It is relatively easy to earn money on a rising market but it becomes a completely different matter when a sideways market sets in like it is now in the cryptoverse. There are two major factors that turn trading into gambling for most players in this type of market which are presented below.

First, in any financial or speculative market, where Bitcoin rightfully belongs to, you can earn only if you take money from someone else. It could appear as if everyone earns with the rising price but things reveal their true nature when the price stops rising. It is kind of obvious but accepting this is necessary to understand why you can be the one losing the game in the end.

Second, some market participants have an unrestricted edge over the rest of the pack which means that under no circumstances they will be losing. These are arbitrageurs, insiders, exchanges and their likes. For example, it is impossible to beat exchange since it is 100% sure money for them when they can front run your orders and do a lot of other nasty things which you can't.

Given these two circumstances, it is easy to see that if you do not belong to the group of market participants mentioned above, trading pretty quickly turns into gambling for you. So your only chance to win is pure luck. But luck is not a friend of consistency, therefore the only consistency you can reliably expect is losing to someone who has an undisputed edge over you and the market.

Feel free to comment and post your thoughts and ideas here.

But anyway if seen from the basic of the effort, it's really not a gamble, it's more dependent on the expertise in analyzing the prices over time as well as choosing the right coins to be used as a trading effort. This is not a game such as in a gambling, which's only dependent on lucky (not strategy), and I think the luckies in trading depends on expertise on the price analys, it's different with a gambling that's just dependent on the game which's really randomly and testing our luckies.

When 8 out of 10 trades make you a profit, this isn't gambling.
That's having skills and the ability to make money on a constant basis.
Everyone can learn that. All you need is time, discipline and the will to do it!
Even with a small account and no insider informations you can make a decent profit with trading.
Even if it's just small wins. Over the time, this consistency  is what makes your account grow and making it bigger and bigger.
Playing the lottery is gambling. Betting on horse races is gambling.
Trading is no gambling if you acquired a decent skill set for various market situations. You don't even have to read books.
It's all for free on the internet. You can do paper trading and practice by using tradingview for instance.
But you need to have patience and practice regularly. The more passionate you are about it, the faster you will improve.

In human endavour every things is gambling. Trading is an advance gambling and we have to let newbie know  that trading is a gambling and you cannot continue making money without loses and the odd is always against you because you can not predict the market 100% perfectly.  Don't trade without understanding how the market behave and of a truth cannot make money in forex, stock, commodities and cryptocurrencies without understanding the risk associating with it.

When 8 out of 10 trades make you a profit, this isn't gambling.
That's having skills and the ability to make money on a constant basis.
Everyone can learn that. All you need is time, discipline and the will to do it!
Even with a small account and no insider informations you can make a decent profit with trading.
Even if it's just small wins. Over the time, this consistency  is what makes your account grow and making it bigger and bigger.
Playing the lottery is gambling. Betting on horse races is gambling.
Trading is no gambling if you acquired a decent skill set for various market situations. You don't even have to read books.
It's all for free on the internet. You can do paper trading and practice by using tradingview for instance.
But you need to have patience and practice regularly. The more passionate you are about it, the faster you will improve.

This has even happened recently and honestly that sucks, knowing that a lot of these exchanges are mostly the ones playing with the market to prevent somethings from happening. The Altcoins getting dumped and then you getting the news of delisting is even more common on bittrex and that has made me as a whole concentrate more on coins that are at least better. One thing with trading is that with knowledge, you can make some predictions based on where the market may be leading and this is where swings come in, and as long as you are not controlling the market, just stick to your own knowledge.

I don't get your point frankly, don't get what you are trying to say or challenge here. In essence, I'm saying that in trading you can at least take steps to making more reasonable "bets" on future price moves which could bear some fruit in terms of profit. This is not possible in gambles such as dice, coin tossing, etc. But that doesn't of course deny the fact that there are quite a few people who are gambling while trading in every possible sense of the word. Other than that, the whole topic is about just that, that is trading as gambling, a high-adrenaline game.

There are a lot of gamblers who 'play' the crypto market. For a guy who is investing in the 1000th ranked cryptocurrency, do you really think he is trying to evaluate fundamentals and take an informed view? He is just making a punt on the coin. Trading can be treated as a game, and crypto trading is a high-adrenaline game.

Well, sort of, at least for the majority of ordinary and wannabe traders. It is relatively easy to earn money on a rising market but it becomes a completely different matter when a sideways market sets in like it is now in the cryptoverse. There are two major factors that turn trading into gambling for most players in this type of market which are presented below.

First, in any financial or speculative market, where Bitcoin rightfully belongs to, you can earn only if you take money from someone else. It could appear as if everyone earns with the rising price but things reveal their true nature when the price stops rising. It is kind of obvious but accepting this is necessary to understand why you can be the one losing the game in the end.

Second, some market participants have an unrestricted edge over the rest of the pack which means that under no circumstances they will be losing. These are arbitrageurs, insiders, exchanges and their likes. For example, it is impossible to beat exchange since it is 100% sure money for them when they can front run your orders and do a lot of other nasty things which you can't.

Given these two circumstances, it is easy to see that if you do not belong to the group of market participants mentioned above, trading pretty quickly turns into gambling for you. So your only chance to win is pure luck. But luck is not a friend of consistency, therefore the only consistency you can reliably expect is losing to someone who has an undisputed edge over you and the market.

Feel free to comment and post your thoughts and ideas here.

Well, sort of, at least for the majority of ordinary and wannabe traders. It is relatively easy to earn money on a rising market but it becomes a completely different matter when a sideways market sets in like it is now in the cryptoverse. There are two major factors that turn trading into gambling for most players in this type of market which are presented below.

First, in any financial or speculative market, where Bitcoin rightfully belongs to, you can earn only if you take money from someone else. It could appear as if everyone earns with the rising price but things reveal their true nature when the price stops rising. It is kind of obvious but accepting this is necessary to understand why you can be the one losing the game in the end.

Second, some market participants have an unrestricted edge over the rest of the pack which means that under no circumstances they will be losing. These are arbitrageurs, insiders, exchanges and their likes. For example, it is impossible to beat exchange since it is 100% sure money for them when they can front run your orders and do a lot of other nasty things which you can't.

Given these two circumstances, it is easy to see that if you do not belong to the group of market participants mentioned above, trading pretty quickly turns into gambling for you. So your only chance to win is pure luck. But luck is not a friend of consistency, therefore the only consistency you can reliably expect is losing to someone who has an undisputed edge over you and the market.

Feel free to comment and post your thoughts and ideas here.

Well, I'm afraid that it is not that simple. Having all the abilities of a good trader is definitely not enough. Imagine that all traders trading at the moment are your exact clones with absolutely the same abilities. So who takes money from whom will depend on entirely random factors. But isn't it what makes up luck? So it is not enough to have those abilities, your abilities should be way above an average level if you want to get consistent profits. And since there is a group of the invulnerables against which you have no chance, your chance of not going against them is also mostly luck based or random.