What’s better to make a good profit - Trading or Gambling? - page 6.

alegotardo

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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.

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I'm sorry, but I have to disagree with you.
Trading is much more strategy while gambling is much more luck.

Gambling was made for entertainment, but it can generate some profit for the player if he is very disciplined with his bankroll and bets placed, but it should never be treated as a possible source of income.

Trading was initially used as a much less bureaucratic alternative to the conventional stock market, in which anyone with a brokerage account could trade currencies with practically no bureaucracy or initial value limits.
Trading involves strategy, market analysis and precise movements. It's practically a job, but it can also become a form of entertainment if the person really enjoys what they do.

Anyway... both are similar in some characteristics. However, its purpose is very different.

skarais

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Trading and gambling have different concepts, in fact you will find that both actors have different approaches to making profits. Trading is based on how a trader takes advantage of price volatility where the trader is supported by existing technical and fundamental analysis, while gambling is often associated with luck, especially in luck-based games.

I completely disagree if someone comes and says that trading and gambling are the same. But of course, we can also find some traders have the same approach as gambling when trading. One example is a trader who does not carry out analysis before trading and hopes that luck will give him a profit.

Aanuoluwatofunmi

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If you want to play safe in life, then don't use your investment money for gambling with the hope of making more profit from gambling, if not, you may later result on chasing after loss and this may lead to having uncoverable amount of money as loss on gambling, instead, we can make decision for trades, go into trades and make use of the money we have to trade, if the worst should happened, we may not lose the whole investment completely while we still have the chances of making more money s profits form trading if the market pumps better.

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Quote from: LDL on July 15, 2024, 10:11:43 AM

Quote from: moneystery on July 15, 2024, 09:57:08 AM

maybe for some people gambling and trading are two almost the same things, but both are very different, because trading uses experience, strategy, analysis, and tools that support every trading decision of a person. but for gambling, they only rely on luck, even though there are professionals who use strategies, but when they meet players who are at the same level as them, then luck plays a very important role here. so we can say both are different, unless there is a trader who makes trading decisions based on speculation, maybe that can be said to be gambling in the market, but in general trading and gambling are very different.

Gambling like trading requires experience and analysis but gambling is 100% based on luck. However, an experienced gambler has a higher chance of profiting than an inexperienced gambler. However, many times inexperienced gamblers have been seen to win the jackpot just because of luck. Regardless, I don't support gambling as much as I support trading. In gambling you can lose if you don't get profit and you can never recover that loss but if the market falls when you are trading then you still have the possibility to get profit even if you keep holding.

Or? You can still save some of the money in trading unlike how it is in gambling. I've traded in a losing trade before but I am not that unhappy because I still somehow saved some of my funds and the way I see it, I can still put it back in the buy orders and try to survive and make money again.
In gambling, that is not how it works. You gamble, you lose it all if a losing streak comes and there's no way you can get it all back. Rakebacks aren't giving that much to say you could get your revenge using it. I don't think so.
In a dollar of betting you can just get a little amount than $0.01 which means when you lose you get dust. In trading, as long as the order is there, you can pull it out and somehow get back your money as long as it doesn't go to zero. Every trader knows this and you can put an alarm so that you can monitor your trades.

Sim_card

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Quote from: LDL on July 15, 2024, 10:11:43 AM

Quote from: moneystery on July 15, 2024, 09:57:08 AM

maybe for some people gambling and trading are two almost the same things, but both are very different, because trading uses experience, strategy, analysis, and tools that support every trading decision of a person. but for gambling, they only rely on luck, even though there are professionals who use strategies, but when they meet players who are at the same level as them, then luck plays a very important role here. so we can say both are different, unless there is a trader who makes trading decisions based on speculation, maybe that can be said to be gambling in the market, but in general trading and gambling are very different.

Gambling like trading requires experience and analysis but gambling is 100% based on luck. However, an experienced gambler has a higher chance of profiting than an inexperienced gambler. However, many times inexperienced gamblers have been seen to win the jackpot just because of luck. Regardless, I don't support gambling as much as I support trading. In gambling you can lose if you don't get profit and you can never recover that loss but if the market falls when you are trading then you still have the possibility to get profit even if you keep holding.

Gambling and trading are similar due to the risky attached to them because they are both based on predictions. In gambling you predict the game while in trading you predict the market. You can use small money to win huge amount of money in gambling but in trading it is not so but one can be a professional trader and be able to make profits from trading than losses but in gambling, there is nothing like being professional instead you will always loss more than you make profits.

Dewi Aries

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Quote from: HONDACD125 on July 15, 2024, 07:21:49 AM

Quote from: Dewi Aries on July 15, 2024, 07:09:05 AM

I am sure that as long as someone can use their mindset and common sense correctly and always act rationally then perhaps their planning will run smoothly.

One of the biggest differences between trading and gambling is that a person who uses the correct mindset and acts responsibly and rationally in trading will tend to become profitable eventually, and when someone does the same thing for gambling, they will only be safe from excessive losses because nothing other than luck can make one become profitable in gambling but they can only reduce their losses by doing certain things.

People who consider trading to be similar to gambling need to understand that trading is something that millions of people are doing and they are earning profits from it, but if we survey gamblers, we will realize that a vast majority of gamblers are at a loss if they have been gambling for a long time.

A gambler might become profitable in the short-term, but if they continue gambling for long term, they will eventually lose back whatever they might have won initially.

You are completely right in this case, I like that understanding, I don't think that gambling is bad, but if we talk based on real facts about gambling then yes of course even though you always act rationally and responsibly or do everything well and don't exceed the limits your ability then of course it will not be able to ensure or be used as a guarantee that you will be able to get a big win, the reason is as you said that in the end the problem of winning comes back to how lucky you are when running the session, and this is why the idea of producing is always an unreasonable idea in gambling.

People who think gambling is similar to trading I think maybe they don't understand it completely, in the sense that they most likely only see both activities from only one side, such as the risks.

On the other hand, maybe I would say that yes both activities can provide free money but with different scenarios, and the other difference I think is quite simple is that trading is an activity that can provide profits in the long term, especially when we are experienced enough, while gambling is an activity that can only provide profits in the short term because there is no way, strategy or method that can guarantee profits.

jcojci

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Quote from: junder on July 15, 2024, 01:13:30 AM

Quote from: jcojci on July 14, 2024, 09:20:25 PM

We can say trading is gambling when we don't have skill to analyzes the market. Even if that is Bitcoin trading, we must have skills or at least we must learns about trading so we don't just predicts where the price will moves.

But if you wants to make a profit, it is better you choose trading because you will have a chance for that. If you buy Bitcoin at a high price, you can hold it for a while and waiting until the price increase. After the price increase, you can sells and make a profit but you can still hold until the price reach your target price so at that time, you can sell it and make a profit. Gambling is not a make money sources because gambling is just for fun so you must understand that your chance to make money is not too big.

Sometimes there are people who think that trading is like gambling, even though it is almost the same, in my opinion there are still differences that can be said, for example by analyzing the market, of course in terms of trading, this needs to be paid attention to, not only that, we also have to have good knowledge so that don't make a wrong decision. Even though there are differences, of course there are similarities too, such as both involving money and knowledge. There is gambling that requires knowledge to be able to do it, such as poker, which not just anyone can do because it requires knowledge and skills to increase the chances of winning.

Most people experience losses because they want to make a profit in a short time, so many of them gamble because winnings that can be obtained, which are said to be easy, will enable them to make profits quickly, even though it is not that easy to win at gambling, of course gambling. is a business controlled by individuals whose goal is to make a profit, so casino or gambling owners will not just give away winnings, that is not their main goal.

If you have knowledge in trading, you are not gambling with the market and not just predicts where the price will moves. You can analyzes the market using many indicator available to know where the price will moves. Even if you needs skills to playing some gambling games based on skills, you still gambling because that is a gambling games and that will be different than trading.

If the situation is right, they can make a profit in a short time but that is rare to happens in trading. We must have a good skills to analyze the market so we can make a profit because with the situation in the market now, that will makes us difficult to analyze. They will have a chance to make a profit from trading than gambling because they can still holds the coins when the market is down and have a chance to sell when the price is increase later.

Jody.Drummer

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Quote from: moneystery on July 15, 2024, 09:57:08 AM

maybe for some people gambling and trading are two almost the same things, but both are very different, because trading uses experience, strategy, analysis, and tools that support every trading decision of a person. but for gambling, they only rely on luck, even though there are professionals who use strategies, but when they meet players who are at the same level as them, then luck plays a very important role here. so we can say both are different, unless there is a trader who makes trading decisions based on speculation, maybe that can be said to be gambling in the market, but in general trading and gambling are very different.

Of course, but if we look at it from a risk perspective, yes, both are activities that have risks, but perhaps at quite different levels of risk, as you said, trading is based on various tools or abilities that can be used as something to increase your chances of winning. , meaning that even if someone experiences a loss, over time they will definitely recover or get back the money they have lost using the strategies and knowledge they have, while gambling is of course a matter of luck, meaning when you experience defeat and lose money then there is no way to return the money unless luck comes.

Therefore there is nothing wrong with gambling and everyone is free to choose to gamble but with the condition that they only allocate a small amount of money because there is no way to return it when you lose other than waiting for luck to come by itself. On the other hand, you have said something good regarding the difference between gambling and trading.

LDL

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Quote from: moneystery on July 15, 2024, 09:57:08 AM

maybe for some people gambling and trading are two almost the same things, but both are very different, because trading uses experience, strategy, analysis, and tools that support every trading decision of a person. but for gambling, they only rely on luck, even though there are professionals who use strategies, but when they meet players who are at the same level as them, then luck plays a very important role here. so we can say both are different, unless there is a trader who makes trading decisions based on speculation, maybe that can be said to be gambling in the market, but in general trading and gambling are very different.

Gambling like trading requires experience and analysis but gambling is 100% based on luck. However, an experienced gambler has a higher chance of profiting than an inexperienced gambler. However, many times inexperienced gamblers have been seen to win the jackpot just because of luck. Regardless, I don't support gambling as much as I support trading. In gambling you can lose if you don't get profit and you can never recover that loss but if the market falls when you are trading then you still have the possibility to get profit even if you keep holding.

moneystery

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maybe for some people gambling and trading are two almost the same things, but both are very different, because trading uses experience, strategy, analysis, and tools that support every trading decision of a person. but for gambling, they only rely on luck, even though there are professionals who use strategies, but when they meet players who are at the same level as them, then luck plays a very important role here. so we can say both are different, unless there is a trader who makes trading decisions based on speculation, maybe that can be said to be gambling in the market, but in general trading and gambling are very different.

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I want you to acknowledge something, and that's in rhw fact that reading have always girl a definitive edge which gambling in most cases do not have and that alone can serve as a very huge difference between both when it comes to profit making.

In trading, if you have got a definitive strategy and parameter you look out for before ever placing a trade, you have a very good and high chance of profitability, because patterns get repeated in trading if you are careful to note them but with gambling it's really different, you don't get to see these patterns really playing out 100%, the uncertainties in gambling bar just roo high that you don't get to see this patterns coming up any soon, after a consistent trial using same strategy in trading, you can be sure that out of ten two may surely turnout in your favour but oya very different with gambling such that you can carefully make twenty trials and all will turn out against you even with a defined pattern.

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Quote from: Dewi Aries on July 15, 2024, 07:09:05 AM

I am sure that as long as someone can use their mindset and common sense correctly and always act rationally then perhaps their planning will run smoothly.

One of the biggest differences between trading and gambling is that a person who uses the correct mindset and acts responsibly and rationally in trading will tend to become profitable eventually, and when someone does the same thing for gambling, they will only be safe from excessive losses because nothing other than luck can make one become profitable in gambling but they can only reduce their losses by doing certain things.

People who consider trading to be similar to gambling need to understand that trading is something that millions of people are doing and they are earning profits from it, but if we survey gamblers, we will realize that a vast majority of gamblers are at a loss if they have been gambling for a long time.

A gambler might become profitable in the short-term, but if they continue gambling for long term, they will eventually lose back whatever they might have won initially.

Dewi Aries

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Quote from: slapper on July 14, 2024, 02:47:21 PM

Quote from: Dewi Aries on July 14, 2024, 11:34:53 AM

Quote from: irsykes on July 13, 2024, 03:13:40 PM

~snip~

Obviously, because as I said before, if trading is not done based on knowledge then of course it is actually the same as gambling because we predict market movements without being based on any reasons or considerations. But on the other hand, if trading is only done based on knowledge, then of course I would recommend choosing trading over gambling, because when an activity can be learned and there is knowledge that can be used as a basis for decision making and is proven to work. increase the chances of profit then of course it can be used as an option for the long term. While gambling yes I think not
we have a lot to talk about, because I think most of us already know that gambling is a chance activity, which means there is no certainty or no guarantee that you will always be able to win, therefore of course I think if we are all able to think using common sense and a rational point of view, of course we will all prefer trading to be used as a place to earn money in the long term as long as you are willing to learn it.

Trading with knowledge is the best. Each trade is a measured step toward financial freedom. Greed can interfere with your psyche. Traders become degenerates chasing losses like junkies seeking the next high. Man, trading requires discipline. Keeping your skills sharp. Knowing when that greedy little voice is too loud and distracting you from wise decisions. The actual prize is expertise, not money. Over yourselves, market

This goes beyond trade, right? About life. Making life decisions is like trading. Knowledge is your shortcut through turmoil. It's like knowing when to hold and fold in love or work. Don't we all have that gambler inside? The thrill of risk and yearning for the unknown. The human condition, brother. We must be smarter than our impulses. Use your huge intellect to convert impulses into calculated risks. Man, will you be a scumbag gambler or a master of your fate? Choose wisely

Regarding the scenario of interference that can disrupt our planning and goals in trading, yes, maybe it is not much different from losses, where trading and gambling can make someone greedy because the goal is money, and also of course when they cannot become a trader. who are responsible for the losses they experience, then of course chasing losses is an action that they will definitely take in order to chase the loss of money they have experienced. But it cannot be denied that this is a possibility that could happen because trading is also an activity that carries risks, not much different from gambling.

And the difference is only in the way of making profits, where trading depends on skill and deduction while gambling depends on luck. This means that these two activities really require someone to always maintain discipline because risk will always be a part of it, but I am sure that as long as someone can use their mindset and common sense correctly and always act rationally then perhaps their planning will run smoothly.

junder

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Quote from: jcojci on July 14, 2024, 09:20:25 PM

We can say trading is gambling when we don't have skill to analyzes the market. Even if that is Bitcoin trading, we must have skills or at least we must learns about trading so we don't just predicts where the price will moves.

But if you wants to make a profit, it is better you choose trading because you will have a chance for that. If you buy Bitcoin at a high price, you can hold it for a while and waiting until the price increase. After the price increase, you can sells and make a profit but you can still hold until the price reach your target price so at that time, you can sell it and make a profit. Gambling is not a make money sources because gambling is just for fun so you must understand that your chance to make money is not too big.

Sometimes there are people who think that trading is like gambling, even though it is almost the same, in my opinion there are still differences that can be said, for example by analyzing the market, of course in terms of trading, this needs to be paid attention to, not only that, we also have to have good knowledge so that don't make a wrong decision. Even though there are differences, of course there are similarities too, such as both involving money and knowledge. There is gambling that requires knowledge to be able to do it, such as poker, which not just anyone can do because it requires knowledge and skills to increase the chances of winning.

Most people experience losses because they want to make a profit in a short time, so many of them gamble because winnings that can be obtained, which are said to be easy, will enable them to make profits quickly, even though it is not that easy to win at gambling, of course gambling. is a business controlled by individuals whose goal is to make a profit, so casino or gambling owners will not just give away winnings, that is not their main goal.

jcojci

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We can say trading is gambling when we don't have skill to analyzes the market. Even if that is Bitcoin trading, we must have skills or at least we must learns about trading so we don't just predicts where the price will moves.

But if you wants to make a profit, it is better you choose trading because you will have a chance for that. If you buy Bitcoin at a high price, you can hold it for a while and waiting until the price increase. After the price increase, you can sells and make a profit but you can still hold until the price reach your target price so at that time, you can sell it and make a profit. Gambling is not a make money sources because gambling is just for fun so you must understand that your chance to make money is not too big.

uneng

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Long term trading is better to make money than gambling, because analysis and statistics have a considerable impact on how a determined asset behaves, so it's completely possible to predict what will happen, without having to rely on luck.

On the other hand, there is no difference between short term trading and gambling, because the decisive factor on both situations is randomness. Therefore, you have to be lucky, otherwise you will lose money.

As example, we have crypto market which can't have their daily fluctuations explained accurately sometimes. There are days where the scenario looks completely favourable, but crypto still fail to pump for some reason.

LDL

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Quote from: AliMan on July 13, 2024, 05:18:49 PM

Gambling always signifies luck and fun, however if you choose to make good profit I don't think gambling has it because you only appreciate it once you got random winning. That's not going to happen all the time, you have to face several losing streak before you hit the lucky jackpot or successful winning profit. Unlike with trading, making good profit can be the best part of it once you got the good asset and target is hit then you'll successfully made your trades profitable.

If gambling had a guarantee of winning continuous bets then it could be said that gambling is more profitable than trading. But there are some exceptions, especially if you are lucky enough to win the jackpot in gambling, it can be an exception that gambling is definitely much more profitable than trading.
But these moments are few and far between and not everyone gets such a moment. But in case of investors and traders, even if you don't get big profit, if you can invest and keep long-term holding, then you will definitely get profit sometime. However, in the case of trading, profit will not come suddenly like gambling, but after a certain period of time, profit will come for sure. In case of gambling your balance or wealth may be completely lost but in case of trading your wealth will never become zero.

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Quote from: Obim34 on July 13, 2024, 05:37:39 PM

Loosing doesn't just happen alone while gambling, it does also during trading. I know of a few experienced traders who also gets their account blown out. Gambling is more of luck but if rightly approached then there should be less loses.

For example during sports betting, what makes a lot of gambler to experience more loses is because they try to accumulate much odds as supposed to, whereas the user can just pick like a double or triple odds and stake with atleast minimum of $20, base on the triple odds the user has accumulated a profit of $40 in a day which may take a trader weeks to make such profits with a funded account of $100.

A gambler's or trader's profit strategy is all about pattern. Just as you are sure that picking a few games with lesser odds can make the person turn $20 into $30 or $40, that's the same way; with the right pattern, you can also turn $100 into $120.

It's all based on what your main target is, and with gambling, there's no guarantee that the game will be 100% successful, so there's a possibility that you could lose it all with just one match played against your prediction, but if I give trading time with the way the market is fluctuating in price, I can be sure of making $5 to $10 every single day by just buying and selling a few top coins in the market.

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Quote from: Juse14 on July 14, 2024, 03:57:01 PM

Quote from: bakasabo on July 14, 2024, 10:38:47 AM

All I can say, that a person can get both profit from gambling and trading, but what matters is what person is good at. Each one has benefits. In gambling you can get profit in short period, instantly, with trading some time must have passed. However, with trading, you can build various strategies; earn on downtrend on the market, make research. All this isnt available for gambling. Moreover, with huge luck, an asses that lost in value, one day can eventually skyrocket. With gambling, loosing bet will never grow in value.

Traders can use historical data and trends to enhance their ability of decision-making. They also obtain more control over their investments and can modify tactics depending on market situations.

Luck plays a big role in gambling; on the contrary, there are strategies that can be employed to tip the scales in your favor. However, outcomes remain erratic and mostly governed by fate: when you lose at gambling, it's a goodbye to your money with no hope of ever seeing it again through the same gamble placed.

Hence, even though both trading and gambling can be profit-making ventures, trading allows more chances to control risks as well as make decisions on a reliable basis of information. This makes it a more dependable option for individuals interested in accumulating wealth in a sustainable manner.

It is very obvious that the two are quite different and we don't have to stress ourselves on it. For one to be a trader, we need to have a skill to trade well as a trader compared to gambling where even a new gambler could make huge profits from gambling because they the luck. Gambling is meant to be fun and we don't have to force ourselves to make money as gamblers. Gambling is less difficult to trading and it is technical. Not everybody can trade but everybody can gamble because it is all about looking for the right games to play that would be giving us constant profits.

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Quote from: bakasabo on July 14, 2024, 10:38:47 AM

All I can say, that a person can get both profit from gambling and trading, but what matters is what person is good at. Each one has benefits. In gambling you can get profit in short period, instantly, with trading some time must have passed. However, with trading, you can build various strategies; earn on downtrend on the market, make research. All this isnt available for gambling. Moreover, with huge luck, an asses that lost in value, one day can eventually skyrocket. With gambling, loosing bet will never grow in value.

Traders can use historical data and trends to enhance their ability of decision-making. They also obtain more control over their investments and can modify tactics depending on market situations.

Luck plays a big role in gambling; on the contrary, there are strategies that can be employed to tip the scales in your favor. However, outcomes remain erratic and mostly governed by fate: when you lose at gambling, it's a goodbye to your money with no hope of ever seeing it again through the same gamble placed.

Hence, even though both trading and gambling can be profit-making ventures, trading allows more chances to control risks as well as make decisions on a reliable basis of information. This makes it a more dependable option for individuals interested in accumulating wealth in a sustainable manner.

Topic: What’s better to make a good profit - Trading or Gambling? - page 6. (Read 1432 times)