TRADING IS NOT GAMBLING - page 2. | Bitcointalksearch.org

odunybiz

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Quote from: ? on January 27, 2025, 09:08:10 AM

1. RISK: the biggest thing wey separate gambling and trading na risk, for the two risk dey sha but with trading you fit control your risk, too many parameters and avenue dey to control your risk, for gambling the chances to control risk dey very slim.

When it comes to risk, I don't see much different between trading and gambling. Both involve risk just as you have said. I'm into sport betting, and nowadays punters can use the cashout bottom to terminate games if the games is going against them. This help to stop the betting, giving you part of your money. To me, this is somehow similar to that of stop loss from trading. Another one is the one game cut bottom, This helps when a single game spoil your accumulated game. So both trading and gambling help in managing risk but just in different way.

DPHOR

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Quote from: ? on January 27, 2025, 09:08:10 AM

Even though trading and gambling resemble for face that resemblance no pass for face there, u go make very serious mistake to think say trading and gambling na the same thing, and if you enter trading with that gambling mindset wahala go dey. so weting be the difference between the two

The reason why people are seeing it as something similar is as a result that when you trade you must accept the fate that there are loses to incurred, same is applicable to gambling, when you gamble you must accept the fate that there is every possibilities that you would incur lose. As someone who indulges in both activities you must accept the risks that concern about this two events.

CryptopreneurBrainboss

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Quote from: ? on January 27, 2025, 09:08:10 AM

Even though trading and gambling resemble for face that resemblance no pass for face there, u go make very serious mistake to think say trading and gambling na the same thing, and if you enter trading with that gambling mindset wahala go dey. so weting be the difference between the two

Trading and gambling has being a topic of discussion for a long time because of the similarities between them, trading to some people na gambling 2.0 (Dem go say na gambling wey go university). You no go blame them because them no get the knowledge to know the difference and some of them no sabi wetin trading be, na why them dey always talk this thing. Trading and gambling na two totally different things and although you done try for this points wey you give but I want to add that,

Gambling na just game of chance like say you need dey every lucky to win but trading is more about your skills. The skills wey you dey learn so for trading go help you win tomorrow but you no fit talk the same for gambling.

Smartvirus

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Quote from: ? on January 27, 2025, 12:51:44 PM

I dey tell you bro I no know how person wan take sensitise people say these things na two different game altogether

The very fact say, you categorize both of them to be game na em be watin go make am Dey hard for any sensitization of trading not being gambling. You’ll end up defeating the idea you wan project before you even project am.

Person fit catch cruise with gambling, regardless of the outcome of your bet but, it’s not the same with trading. When your trading, your in for real and all you want is profit even though you could encounter losses.

Trading Dey subject to analysis and history but, gambling pays no attention to that. Gambling is a game of right now, right that moment, what’s happening in this moment which makes it harder to predict.

Dzwaafu11

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There are a lot of things that make people think trading is the same as gambling, although some expectant. I think many people who think trading is the same as gambling know how trading works and the risk behind it if they already know, and that is why they view them as the same thing, although I believe that is because they don’t really have the deep knowledge of trading; that is why they are thinking like that. Someone who already has the knowledge and everything in trading will know that it is not the same as gambling.

Hatchy

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Quote from: Moreno233 on January 27, 2025, 02:45:08 PM

Trading have a lot of similarity with gambling with the difference almost insignificant. Your distinction id primarily base on the fact that you see trading as skill whereas gambling as entirely a thing of luck and I want to fault such line of thought because gambling too require skills and those who have the right skills are able to win gambling much more than those who approach it like it were just a thing of luck. On the basis of skill and emotions, trading and gambling are completely similar just that the risk make them a little different as the risk of trading is more controllable than that of gambling.

Seriously I feel like people who says this have no idea of what trading is... It's nothing like gambling mate don't compare both.. gambling requires no skill, if you understand the games just dive in and do your thing if you are lucky you win. Not everyone knows how to trade the financial market, but any one can gamble so long they have enough money. Been trading for long and from my years of experience, you cannot trade without having enough knowledge of the market. Those who copy signals and make money are not traders.. so trading is no way similar to gambling.

?

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Quote from: Proty on January 28, 2025, 01:58:30 PM

Quote from: ? on January 27, 2025, 09:08:10 AM

Even though trading and gambling resemble for face that resemblance no pass for face there, u go make very serious mistake to think say trading and gambling na the same thing, and if you enter trading with that gambling mindset wahala go dey. so weting be the difference between the two

1. RISK: the biggest thing wey separate gambling and trading na risk, for the two risk dey sha but with trading you fit control your risk, too many parameters and avenue dey to control your risk, for gambling the chances to control risk dey very slim.

2. RESULT: Another thing wey separate these two na how to achieve the desired result wey be PROFIT, with gambling your chances dey based on luck and odds, and these two dey too random for somebody to base success on them naim make most gamblers na once once them dey cash out something sef before you see that one cash out you don play tire, loose money tire...with trading, results dey random too but e no dey based on luck and odds the results dey based on information, historical data wey you fit go back to anytime anyday to help you see wetin market don do before so that u go fit Bank on am then trade, for example make we say market dey trend, e go must hit one or two important areas or prices before e reverse so you fit bank on some of these kinds of information and data to trade, so your success now no dey based on luck and odds again but market behavioural consistency(price action, market structure and order flow).

3. DATA: with gambling your data sources dey limited if at all anyone dey, naim make gamblers results dey based on luck but with things like trading crypto and other asset classes, you get numerous sources of data, for example, you get fundamental data, sentimental data, technical data and even relational data, by the time you don put your head down learn these informations and know wr to find them, your trading go make sense even dey easier with time as you gather experience and growth

TIMING: while gambling na something wey be start now end now, trading na game of patience, you must learn patience to dey able to trade otherwise you go dey loose money like say u dey gamble

Unfortunately plenty people no know these things so them dey use the mindset of gambling to enter trading naim make person go carry money wey be urgent 2k for another thing use am to trade to make quick profit then send back the main money, without experience or anything, just because them see another person dey make money from trading them feel say na based on 2 odds or over 2.5,..those kind things no dey ever work because even if luck dey important e dey less needed for trading and the market no dey pity person

I no fit talk all the differences here but these ones na the key ones I know say others get too to add, but las las abeg trading and gambling no be the same thing,

Trading is synonymous to gambling because both leaves it victims with the same effect and feelings of waywardness and hopelessness and victims of both trading and gambling always have the same motive to make quick profit. So trading and gambling resemble in so many ways so if someone say trading is gambling de person no dey wrong at all because it all depends on the aspect wey de person dey take dey see am

Maybe some aspect of the two fit dey synonymous, naim make i call am face resemblance but in totally trading no be the same thing as gambling

?

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Quote from: Macabury on January 28, 2025, 12:57:07 PM

Trading fit still be gambling and at the same time e fit no be gambling everything depend on who the handle the trade and the approach the person use the trade. Just like Op been state say trading need patience and timing. Now if a trader come jump into trade based on him instinct na gambling him go end up do. Or if the trader Do analysis finish come join the trade for wrong timing na the same gambling him dey do.

Trading na one profession wey require steady research and studying. Like no matter how person done good reach him go still need to go back go do research almost every time him wan trade. From time to time the person go still need to review their strategy, check if e still dey work on the market wey him wan predict, do some back test and price action. Trading no be for everybody finally na only for those wey get the time to do research.

You don talk am finish, most people no just understand say one u fit learn am, start am over night while the other one person need time n patience to take sabin am and e dey give better peace of mind especially if you no be greedy person

Proty

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Quote from: ? on January 27, 2025, 09:08:10 AM

Even though trading and gambling resemble for face that resemblance no pass for face there, u go make very serious mistake to think say trading and gambling na the same thing, and if you enter trading with that gambling mindset wahala go dey. so weting be the difference between the two

1. RISK: the biggest thing wey separate gambling and trading na risk, for the two risk dey sha but with trading you fit control your risk, too many parameters and avenue dey to control your risk, for gambling the chances to control risk dey very slim.

2. RESULT: Another thing wey separate these two na how to achieve the desired result wey be PROFIT, with gambling your chances dey based on luck and odds, and these two dey too random for somebody to base success on them naim make most gamblers na once once them dey cash out something sef before you see that one cash out you don play tire, loose money tire...with trading, results dey random too but e no dey based on luck and odds the results dey based on information, historical data wey you fit go back to anytime anyday to help you see wetin market don do before so that u go fit Bank on am then trade, for example make we say market dey trend, e go must hit one or two important areas or prices before e reverse so you fit bank on some of these kinds of information and data to trade, so your success now no dey based on luck and odds again but market behavioural consistency(price action, market structure and order flow).

3. DATA: with gambling your data sources dey limited if at all anyone dey, naim make gamblers results dey based on luck but with things like trading crypto and other asset classes, you get numerous sources of data, for example, you get fundamental data, sentimental data, technical data and even relational data, by the time you don put your head down learn these informations and know wr to find them, your trading go make sense even dey easier with time as you gather experience and growth

TIMING: while gambling na something wey be start now end now, trading na game of patience, you must learn patience to dey able to trade otherwise you go dey loose money like say u dey gamble

Unfortunately plenty people no know these things so them dey use the mindset of gambling to enter trading naim make person go carry money wey be urgent 2k for another thing use am to trade to make quick profit then send back the main money, without experience or anything, just because them see another person dey make money from trading them feel say na based on 2 odds or over 2.5,..those kind things no dey ever work because even if luck dey important e dey less needed for trading and the market no dey pity person

I no fit talk all the differences here but these ones na the key ones I know say others get too to add, but las las abeg trading and gambling no be the same thing,

Trading is synonymous to gambling because both leaves it victims with the same effect and feelings of waywardness and hopelessness and victims of both trading and gambling always have the same motive to make quick profit. So trading and gambling resemble in so many ways so if someone say trading is gambling de person no dey wrong at all because it all depends on the aspect wey de person dey take dey see am

Macabury

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Trading fit still be gambling and at the same time e fit no be gambling everything depend on who the handle the trade and the approach the person use the trade. Just like Op been state say trading need patience and timing. Now if a trader come jump into trade based on him instinct na gambling him go end up do. Or if the trader Do analysis finish come join the trade for wrong timing na the same gambling him dey do.

Trading na one profession wey require steady research and studying. Like no matter how person done good reach him go still need to go back go do research almost every time him wan trade. From time to time the person go still need to review their strategy, check if e still dey work on the market wey him wan predict, do some back test and price action. Trading no be for everybody finally na only for those wey get the time to do research.

Yucky

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Gambling and trading sure have similarities, but I feel the difference comes with the approach and responsibility. When you're gambling, it's unpredictable, and you're not sure of certain things. Some people gamble on weekends with the smallest amount, just to have fun. Others gamble for profit but with the luck mindset while watching their pocket. But when you're trading, you know you're not trading for fun. You put in a certain amount, even the least amount you use to trade, will be like 3x the amount you use in gambling.

The expectations differ when you're trading. You know it can be unpredictable, but you expect something better, and you handle your trading business with care, more than you do with gambling. With gambling, you could just play and go, but with trading, you will check it very well. You check the charts. So I feel the way you approach it definitely differs, even though both involve luck and putting in a certain amount to get something returned.

Out of mind

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I think there are many similarities between trading and gambling, especially in the case of futures trading. Basically, when we deposit money in a casino to gamble, when we start playing, most of the time we have to lose there. Many times, even if we bet on sports, we have to lose, but there is no way to get the money back, as a result of which we lose all the money from our account. Similarly, in the case of futures trading, when you trade with your money, if the market does not go in the direction of the trade you took, but rather goes in the opposite direction, then you can get liquidated at any time and your money will be completely lost. So I think there are many similarities between trading and gambling, but in spot trading there is less chance of losing money, but you will still lose money.
However, if you can use your experience and you have good knowledge about trading and gambling, you will not lose money there, but you can make money, but you have to be extremely experienced.

Shadiq

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You can't completely separate trading from gambling. Yes, there are some differences in trading, but they are very minor. Gambling is mostly about luck and experience plays a small role in winning. It's almost the same in trading, but experience plays a slightly larger role in trading than gambling. Be it trading or gambling, you have to rely on luck to win.

Yes, trading behaves differently in terms of control. While in gambling, losses are completely out of your control, trading is under your control. But at the end of the day, I consider trading to be a part of gambling, because in both cases you don't know what is going to happen. The outcome is completely uncertain, which helps luck.

Charles-Tim

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Quote from: ? on January 27, 2025, 09:08:10 AM

1. RISK: the biggest thing wey separate gambling and trading na risk, for the two risk dey sha but with trading you fit control your risk, too many parameters and avenue dey to control your risk, for gambling the chances to control risk dey very slim.

The risks and what is happening in reality are what people use to compare trading and gambling and conclude that they are the same thing. The percentage of traders that are losing is almost the same with the percentage of gamblers that are losing. 85% of traders and gamblers are losing. But trading is trading while gambling is gambling and they are not the same thing. They have different approaches and not the same at all.

?

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Quote from: Youngrebel on January 27, 2025, 03:55:38 PM

Gambling and investment even though them somehow they similar sometimes but na different things entirely. People whey dey do gambling most times no dey get hope of any return because them wan just do make wether ehh go work or not. Gambling no get any time frame to expect return, when you dey gamble no way at all for you to try manage the risk wey dey inside, once you don gamble no going back at all. For investment you fit gather information about the area very well so that you go know how the end fit be. Investment you fit control the timing and even how the the return of investment go fit be. Plenty reasons why gambling and investment no be the same and plenty reasons why make you do investment and no be to do gambling.

I hear you, with gambling no time frame to expect returns, na just hope and luck and naim make e hard to make money consistently with gambling unlike trading wr data dey, time dey and other things to give a trader peace of mind

?

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Quote from: Josefjix on January 27, 2025, 03:49:04 PM

These two things are similar to me, all the reasons you listed out goes for both gambling and trading, the timing it takes for gambling can also take for trading except in some few gambling categories, when you are considering gambling on quick money bets like the casinos, aviator, virtual sport and the rest, these ones are mainly used to drain out your funds within seconds, the same thing goes with trading also when considering future trading, you loss instantly also unlike spot trading.

You as a player or a trader has to choose if you are ready to loss instantly or gamble in live sports betting to minimize the risk of losing your money at a time, I can't actually say these two are different, they are similar.

Not really, they are not the same, the procedures of learning are not the same, the system of risk management is not the same too for example, with trading you can break even, minimise leverage/lot size, set stop loss, set trailing stop, take partial profit or loss, all these are just different ways to manage risk alone, if you go deeper with knowledge you can add time frame risk management but with gambling these are not available...

Youngrebel

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Gambling and investment even though them somehow they similar sometimes but na different things entirely. People whey dey do gambling most times no dey get hope of any return because them wan just do make wether ehh go work or not. Gambling no get any time frame to expect return, when you dey gamble no way at all for you to try manage the risk wey dey inside, once you don gamble no going back at all. For investment you fit gather information about the area very well so that you go know how the end fit be. Investment you fit control the timing and even how the the return of investment go fit be. Plenty reasons why gambling and investment no be the same and plenty reasons why make you do investment and no be to do gambling.

Josefjix

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yes

These two things are similar to me, all the reasons you listed out goes for both gambling and trading, the timing it takes for gambling can also take for trading except in some few gambling categories, when you are considering gambling on quick money bets like the casinos, aviator, virtual sport and the rest, these ones are mainly used to drain out your funds within seconds, the same thing goes with trading also when considering future trading, you loss instantly also unlike spot trading.

You as a player or a trader has to choose if you are ready to loss instantly or gamble in live sports betting to minimize the risk of losing your money at a time, I can't actually say these two are different, they are similar.

Cityhunter34

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Quote from: Futurexxx on January 27, 2025, 11:03:38 AM

Quote from: ? on January 27, 2025, 09:08:10 AM

I no fit talk all the differences here but these ones na the key ones I know say others get too to add, but las las abeg trading and gambling no be the same thing,

True true trading and gambling no be the same thing, na two different things wey fit wound you wetin no good, but one major thing wey I pick out from your write up is that luck fit shine on you in gambling, but in trading, if you no know anything about am, you don enter one chance because luck no dy work for trading, you earn base on wetin you know, and how good you can control your emotions, but as for me, I see two of them as a dangerous game, especially trading because him dy even more brutal than gambling.
The emotional trauma wey come with trading is second to none, that time wey you no dy trade, you go feel like say na that Times you for make enough money, but once you enter wrongly, ur eye go clear, because the market go humble you sharp sharp.

Normally trading and gambling na just five and six Dem be, Dem dey dengerous well well no be weting person wey know get control supposed put head at all. But just like you don say gambling better pass am small I go gree because sometimes your luck fit shine for gambling sometimes you win, but for trading I know really dey saw about am, because once you enter ram na just to dey lose go be that Alex say person fit sense if not e dey hard well well oo.

Moreno233

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Trust the process, imbibe consistency

Trading have a lot of similarity with gambling with the difference almost insignificant. Your distinction id primarily base on the fact that you see trading as skill whereas gambling as entirely a thing of luck and I want to fault such line of thought because gambling too require skills and those who have the right skills are able to win gambling much more than those who approach it like it were just a thing of luck. On the basis of skill and emotions, trading and gambling are completely similar just that the risk make them a little different as the risk of trading is more controllable than that of gambling.

Topic: TRADING IS NOT GAMBLING - page 2. (Read 288 times)