What’s better to make a good profit - Trading or Gambling? - page 10.

Beparanf

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Quote from: Phu Juck on July 12, 2024, 10:15:48 AM

Trading and Gambling are often brought up when it comes to generate a speculative profit because for Gambling and Trading, it always needs luck for us to happen and to generate a profit. It’s said quite often for Gambling and Trading to be a source of income despite very speculative gains, so let’s discuss how Trading or Gambling can deliver us profits and which one is better.

To finish this discussion already, Gambling is not a financial tool that can be use to create profit because it’s a form of entertainment. The house edge is a clear indication that you can’t use it as financial tool because you have the disadvantage.

Trading on the other hand is a financial that often use for income generation through investment. It’s no brainer that the answer to this thread question is trading due to the difference on their purpose. Gambling is dedicated for enjoyment while trading is a financial tool.

Dailyscript

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Quote from: passwordnow on July 12, 2024, 12:56:34 PM

To answer the question, profit is profit. So regardless whether it is coming from trading or gambling, as long as you're able to win them clearly, it doesn't matter. What matters today is about how profitable we are. Both trading and gambling are known to be risky and it's hard to profit with it if you don't know how to do it. Actually, even if you know what you're doing, it's really hard to profit from it.

I'll use myself as an example, even though in gambling, I know my bets and I've been an avid fan of the kind of betting that I am doing. It is inevitable to get some wins. And when I say some, you literally win some and lose often. And the same goes with good traders, the time of having bad trades are there and you can't skip that. You can have as much strategies as you can but even having that, you can't always have a good day.

No one is arguing that profit is not profit. Yes it is but which of them can assure of having a profit after putting your money into it? Of course, you would say trading because it is something that can be learned and practiced. Which means if one is more educated in trading he has chance of being successful. Gambling should not be considered as a first choice to make money is even more risky than trading. The reason is that when gambling it is typically based on uncertainty and fully luck. Luck comes from several trials, yet some people never get to have that big luck. If you have enough money to trade then there is a tendency that you could use a small pick or size then go in with a good equity and expect a good profit. Things like this cant happen in gambling because the chances of winning is very low.

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Quote from: Charles-Tim on July 12, 2024, 10:30:50 AM

Quote from: Phu Juck on July 12, 2024, 10:15:48 AM

Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.

Many traders will argue this with you. That trading is good not based on luck but knowledge, experience and the pattern that you are using to trade. Although, they will also say that trading is highly risky like gambling and betting but not the same and that trading is not about luck.

You're definitely correct C-T, there's no such thing as luck dominating the outcome of trading to profit making as it's profoundly acknowledged about gambling how without any form of knowledge anyone can make profit from gambling by getting lucky.

But with trading you don't hold on to luck to make profit, you must acquire the right knowledge, strategy, understand and know and how to identify patterns before you can win a trade.
Trading and gambling is said to be risk. Agreed. But the risk involved in trading is that luck can't save you as it would in gambling.

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Quote from: Davidvictorson on July 13, 2024, 03:59:23 AM

Quote from: Phu Juck on July 12, 2024, 10:15:48 AM

Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.

I disagree. Saying that trading is based on luck is like an insult to successful traders who have put the work to achieve the level of success in their trading career. Trading is no based on luck. You can not jump into a trade with the proper and adequate knowledge of technical and fundamental analysis and the others. Nothing about trading is based on luck. A lot of skill is involved. And in gambling also there are games that are not based on luck but proper skill because you are not playing against the house but another skilled player and not luck or talent is involved here.

This is actually the believe that petty trader have that's makes them dive deep into trading they can actually do it like every other successful trader out there but they forget that trading is actually not luck base and requires maybe years of training and lots of patience and so many traders like you said have proven that it's quite possible to be successful in trading.

topbitcoin

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Quote from: Phu Juck on July 12, 2024, 10:15:48 AM

Trading vs. Gambling

Trading is similar speculative like Gambling because in Trading, we make a speculation if, for example, Bitcoin’s price or any Altcoin’s price will go up or down. We can’t predict it for sure but we can analyze patterns and market movements to make a decision. Similar, like Gambling, Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.

Of course, we should not rely on profits from Gambling or Trading because it is a very risky strategy and always depends for big parts on luck to earn money for us.

Interesting enough, but do you know the whole difference between gambling and trading? If you generalize that trading is the same as gambling, you are indirectly saying that a trader is a gambler.

That's not wrong, because some people who trade do have a gambler's mind, I think you see from it, where they analyze the funds find a potential to set a position in a market price movement, then that's what is called a speculation, unfortunately in trading you can manage the profit you might get, the risk you manage will be better, along with if you know early about a news maybe you can get a moment to get a profit in the market, while gambling is not like that, it doesn't require much analysis, let alone just based on luck without any way to anticipate experiencing excessive losses if you take a position in gambling.

I am one of those people who say that gambling is not the same as trading because they are two different things, but in practice you may use the same method as gambling which is guessing without any clear calculations and relying on your gut feeling you have gambled on trading.

Taskford

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Both could able to give you good amount of money if you are good on what you are doing.

Not everyone will say that people could able to earn more on trading than gambling and likewise with these selection.

People have different niches that's why we can see that there are people earning good money came from their activity. Then also there are people which is good on technicalities on trading then earn also a lot of money with it.

So overall there's no exact answer on your question or comparison since at the end of the day. It always depends on the person on where they are good at.

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Quote from: Frankolala on July 12, 2024, 10:30:01 AM

You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

If you don't understand trading or have a good trading skills and your are trading, it is the same thing as gambling for the person because he will always run at loss just like gambling that is more of losses.

Some people claim that they are surviving through crypto trading and I have no reason to doubt them because I don't have any experience. But it requires a whole lot of skills, experience, and money. A trader needs to understand the basic and technical concepts of the business before he can start making profits.

But I prefer gambling to trading. You can be lucky to win big with small funds in gambling but in most cases, you need to invest more in trading to get high profits. Gambling can be easily understood without much reading or experience, but that's not the case in trading. There are cases where first-time gamblers win big because they are just lucky. One can be easily scammed while trading because there are too many coins in the trading ecosystem. But in gambling, you are secure if you choose reputable casinos.

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There are different kinds of trading out there and one that stuck with me was leverage trading. For one particular reason is that they say that leverage trading which is basically borrowing money from an exchange to trade is basically a gamble.

You are betting money that you do not have. I guess both trading and gambling have a lot more in common than most people think. It is all speculative but gambling is the one seen as a more dangerous and less rewarding than the two.

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Which one?
Well, the answer remains uncertain as it depends on us, our capabilities, and our wants. If I tell you that trading is profitable because that is based on my experience, I will also think you become profitable as well if you work hard. But if I tell you that I make more money from gambling because I was too lucky, you can have the same if you are too lucky as well. But on the other side, never assume that what will happen to other people will also happen to you, not all. Because we all have differences, if someone is good at trading, it is possible you are not. The same with gambling, not all are lucky, and not all are good at the same thing.

You can find which one by doing them both. But if I were you, consider your passion when choosing.

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Quote from: Phu Juck on July 12, 2024, 10:15:48 AM

Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.

I disagree. Saying that trading is based on luck is like an insult to successful traders who have put the work to achieve the level of success in their trading career. Trading is no based on luck. You can not jump into a trade with the proper and adequate knowledge of technical and fundamental analysis and the others. Nothing about trading is based on luck. A lot of skill is involved. And in gambling also there are games that are not based on luck but proper skill because you are not playing against the house but another skilled player and not luck or talent is involved here.

Charles-Tim

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Quote from: coolcoinz on July 12, 2024, 01:58:51 PM

How about being professional gambler who's given free tournament invitations and sponsorships from casinos? I'd say they earn more money than professional traders, but then we have to realize that you can be a pro trader trading thousands of dollars, and a professional who trades millions. It all depends on how much money you have to play with.

There is nothing like professional gambles. If you are referring to streamers, they earn money through endorsement and not from gambling. Some people make money from trading also by teaching people but that is not also trading.

Quote from: coolcoinz on July 12, 2024, 01:58:51 PM

Trading and gambling are very different. The most basic, but also the most important difference is that when you trade, you almost never lose it all. You bet $100 and if the trade goes bad, you lose 20%. In gambling you bet $100 and often 10 seconds later you're at 0, or 200.

Some traders will go for high leverage and their trading assets woukd be liquidated very fast if the trading go against them. Some traders go for highly volatile coins that can make the liquidation price to be easily gotten to by using high leverage.

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Quote from: Frankolala on July 12, 2024, 10:30:01 AM

You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

How about being professional gambler who's given free tournament invitations and sponsorships from casinos? I'd say they earn more money than professional traders, but then we have to realize that you can be a pro trader trading thousands of dollars, and a professional who trades millions. It all depends on how much money you have to play with.

Trading and gambling are very different. The most basic, but also the most important difference is that when you trade, you almost never lose it all. You bet $100 and if the trade goes bad, you lose 20%. In gambling you bet $100 and often 10 seconds later you're at 0, or 200.

Su-asa

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If you are contemplating whether you should gamble or trade crypto in other to make money, I think the best way is to trade crypto because crypto trading is more better than gambling because it's a thing you can understand how to do better. A trader might understand the market properly but a gambler can not understand the odds in gamble because a game that has 2 odd today will not have the same tomorrow. However the both of them are risky but you should understand that trading is for those that are looking for a way to make money but gambler is part of fun and only few gamblers are gambling for profits.

iv4n

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You can't know which is better for you until you try both. We can talk as much as we want, but it has already been repeated many times "What works for one does not necessarily mean that it will work for others, what works for others does not necessarily mean that it will work for you".

I already used this reference today, but I think I will have to use it again. Talking about swimming will not get you far, you need to jump in the water and start moving, it's how you learn to swim. So don't be afraid to try both, to try different strategies... don't be afraid to lose some money, think about it as paying to learn something. I know that the vast majority think that with big money it's easier to make a profit, but don't force yourself, use the amount that you can afford to lose, and try to make the best from that amount.

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Quote from: Frankolala on July 12, 2024, 10:30:01 AM

You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

If you don't understand trading or have a good trading skills and your are trading, it is the same thing as gambling for the person because he will always run at loss just like gambling that is more of losses.

Gambling cant be predicted and it is not what one needs to depend on to get profit. Profit in gambling is not always certain that is why when you depend on gambling for profits you may end up regretting.

Despite trading is all about losing and making profit it is very possible for a trader to make good profit in trading when it it is well understood. Trading is a skill that people can learn very well to make good gains from it but in gambling the case is different, no matter the knowledge and experience one may have as a gambler there is no guarantee of one winning games always , gambling is not what you can always expect profit from. It won't be a good idea for people to think that money can be generated from gambling.

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Quote from: Phu Juck on July 12, 2024, 10:15:48 AM

~snip

Another question with a pseudo-dilemma on the forum. I don’t see any problem with choosing trading or gambling as a source of income, because I don’t consider either one as a way to make a good profit.

If you want to increase your profitability, then master those skills that can be sold at a high price on the labor market.

If you are seriously convinced that you can make good money in trading or gambling, then do what you are better at and, as a bonus, brings pleasure. Why impose one thing as a universal way to make money?

passwordnow

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To answer the question, profit is profit. So regardless whether it is coming from trading or gambling, as long as you're able to win them clearly, it doesn't matter. What matters today is about how profitable we are. Both trading and gambling are known to be risky and it's hard to profit with it if you don't know how to do it. Actually, even if you know what you're doing, it's really hard to profit from it.

I'll use myself as an example, even though in gambling, I know my bets and I've been an avid fan of the kind of betting that I am doing. It is inevitable to get some wins. And when I say some, you literally win some and lose often. And the same goes with good traders, the time of having bad trades are there and you can't skip that. You can have as much strategies as you can but even having that, you can't always have a good day.

bering

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To gets profit in trading it is required skill and knowledges besides these things trading also required experience and some of professional traders can make good profit from trading because they have good ability to predict the market movements or market habit even from trading some people can gets steady income so this proven trading can be a good profession for some people because from this way people can gets steady income and make living
But for gambling people generally know skill isn't too required to do a gambling because almost every people can starting to gambling as long as they have money but the results of gambling will depend on people luck and in my opinion although both of these has equal risk but i think they cannot be compared because people always be answers trading is the best place to gets profit rather than gambling

Dewi Aries

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At first glance I think it is clear that the answer is trading, even though trading and gambling are both risky activities, but if the question is which one is better to use as a place to make a profit then yes of course it is trading, because it is clear that trading depends on skill. and your knowledge, meaning that when you have a lot of knowledge, experience and hours of experience, you will be able to get consistent profits like those made by traders who are now quite successful.

Meanwhile, on the other hand, one of the reasons why gambling should not be used as an option is because of course gambling is an activity that does not depend on anything other than luck. I understand that there are several types of gambling that can be analyzed, but in the end it is luck that will be able to confirm your victory. This means that there is no certainty that gambling will always benefit you, and also what we have to understand here is that there is no connection in terms of results in gambling, meaning that even if for example you win now, it doesn't mean that in the next session you will win again, or vice versa.

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Quote from: Phu Juck on July 12, 2024, 10:15:48 AM

Re: What’s better to make a good profit - Trading or Gambling?

Both trading and gambling are good profit if you are lucky but there is more guarantee of good profit from trading than gambling. Suppose you placed a bet on a match and if you lose the match after placing the bet then all your balance will be lost forever. In this case you will not get any profit. But if you buy a commodity in trading and the price of that commodity falls in the market, your capital will not become zero forever. You will not get profit in this case but you will get back your balance at least.

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