Topic: What’s better to make a good profit - Trading or Gambling? - page 7. (Read 1432 times)

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

It is ok and normal to have contrary view as to this regards, my emphasis was actually made in football betting and I know how much difficult it is to become a certified expert where your predictions can become guaranteed, but as regards to Bitcoin being less risky as when compared with other coins I don't think we have to argue over it considering the fact that the performance of Bitcoin determines the performance of other coins and at most times most of other other coins ends up becoming a scam project which makes Bitcoin to have more potential than the other coins, i would say that is no need fir making any form of comparison as Bitcoin is the king of all other coins. However, it is no longer new that gambling shouldn't be prioritize in terms of profits maximization and at such it can even be pointless making much of the comparison as with trading as regards to which one is more profitable.

How is it possible that trading with bitcoin is less risky? There is definitely always a risk when we trade in the market, no matter which coin you choose. Trading is much better in terms of making profits? How is it possible that every gambling game is so difficult to become an expert at? Doesn't everyone understand or know how to play gambling? It's different from trading. Not everyone can understand how to do it or execute it. And of course it is very difficult to make a profit from trading and in gambling the opportunity to make a much bigger profit than in trading. Indeed, we can learn both of these, but trading is much more difficult to learn than gambling.

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.

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.

They say making yourself profitable is easier in trading than in gambling.

However, for me as a gambler, I would find it very fulfilling if I were profitable in gambling because only a very small percentage actually make money in gambling. So I would feel like I'm above the others if I made myself consistently profitable in gambling. I would be able to convince others with my story not to believe that no one can win in gambling. It hasn't happened yet, but I'm hoping it will in the future. Who knows?

Yes of course, because it is clear that there is no method that we can apply in gambling to ensure victory, that is why gambling is called an activity of luck because there is no reason why someone loses and why someone wins, because it happens randomly. in a short time. Simply put, gambling can indeed be profitable and the winning amount can be very large, even up to 1000%, but the problem is that you can also lose very quickly without any notification.

I think it is quite natural why the risks in gambling are so great because it is an activity with little effort. Meanwhile, on the other hand, in trading, someone will only be able to make a profit when they have knowledge such as strategy, for example, meaning that getting a profit in trading is not an easy thing, but the risk can also be minimized when someone has good knowledge about risk management, meaning that it is clear that profits and losses in trading it happens for a reason, and if you have to choose then yes of course I agree with you that I would prefer to trade when I have money rather than gamble, because trading can be said to be an activity that has certainty as long as you have the desire and determination. strong enough to always learn

And some people say that trading and gambling are alike, I mean, how in the world are they similar or have close similarities? One is completely based on luck while the other requires knowledge and experience, if you don't have luck, no gambling knowledge or experience can help you win anything, and even if you don't have any knowledge or experience, you can still win something significant from gambling because that's how it works.

On the other hand, you can't rely on your luck when you are getting into trading. I agree that some people might become lucky after investing some money in a particular project, they might earn a lot of money, but that doesn't happen all the time, and you are supposed to have enough knowledge and experience about the market to become a successful trader in the long run.

Gambling and trading are almost the same except for a coin like Bitcoin that is less risky as when compared with other coins that is if you want a few dollar profits, when you talk about emotions, the same is applicable when trading a coin and when gambling as there are no guarantee, but in terms of making profits trading will be better thou there is no specification as to what coin you are talking about. Trading can actually be learned or improving in it's knowledge thou there is no guarantee such that even an experienced ones can lose too, but gambling sometimes can be very difficult to be an expert as when compared with trading.

This is a long article that is still dangling around the same point, and if there is a thing I deduced from the whole episode, that will be the fact that you do not truly understand trading. There have always been arguments and misconceptions about gambling and trading but the truth will always remain that the two are not the same thing, however, they have one thing in common, they are risky activities/businesses. The context of "risk" is what is making people think they are the same thing but when they observe the two cleverly, they should know that their modalities are not just the same, one is more business-inclined and the other is more wagering-inclined. You can't tell me you are observing a risk-to-reward ratio in gambling as you do in trading. If you did, then you are a self-deceiver because no workable strategy will preserve that for you as no one knows the outcome of what will happen in gambling in general, this is why luck plays a major role in it.

But in trading, except that you do not know how to trade well, you can have a very good winning strategy, and yes, you may have a 95% winning rate in some months when the market behaves nicely in relation to your strategy. Is that luck? Of course not, it is your expertise, my brother. Any trader who still relies on luck is not a trader, you have to be defined by your professionalism in it. Anything the market will do will always be hinted at beforehand, and even if patterns change suddenly, a good trader already has the strategy to handle it and a plan to avoid issues. This is also what makes the risk-to-reward ratio possible in trading, it is manageable with its modality. It helps to the point that even if a trader has a winning rate as little as 40%, such can still be a successful trader if the right risk-to-reward ratio is used.

That sounds like a workable plan to me in trading, but such can't be possible in gambling.

Actually to make the comparison of trading and gambling we should make a separation between sports betting, poker and horse racing perhaps, anything that is a game of skill where you don't play directly against the house from the rest of the casino games. Casino games are a matter of luck but the long term results are inevitable losses. The OP in the following thread makes an interesting reflection on this, which applies to lotteries but can be applied to casino games just as well:

The 'play till you hit it' mindset

On the other hand, the skill games mentioned above may be more similar to trading but here I would remember the most important thing: that in spite of this, most traders and players of these games lose money as well.

This is why it’s widely believed that gambling is more of luck than skills compared to trading. Gambling can be more profitable than trading likewise it carries a lot of risk than trading. I don’t mind if the capital is enough or meager, if I should choose between trading and gambling, I would definitely choose trading over gambling for long term sustainability. With time and dedication, trading can be learned and with constant practice, one may improve his skills and chances of making profits. Gambling on the other hand can not be learn the same way as trading.

Although it's true both trading and gambling require luck to win, but trading is more profitable than gambling because the chance of manipulation in trading is lower than gambling.

In trading, the manipulate comes from government or popular people, that's.

In gambling, there are player, team, organization, or referee that can manipulate the match, not to mention casino could void your bets with their ridiculous terms.

The summary is that the higher the capital the higher you are likely going to profit but the problem is that if the market goes sideways it becomes a challenge because the trader will also lose a large amount so there is no any easy way in making a good profit from trading because if it was that easy everybody would have been doing it now, so actually in terms of trading the hope for a profit is only when you really understand the concept about trading because those are the keys that would make your success on the trading happen because even if someone has a million of dollar to trade he can possibly lose everything if he doesn't have a good knowledge about trading.

If our knowledge is sufficient, then we will be able to better utilize market momentum to trade and gain profits. However, if we trade without any knowledge about trading itself, then it could be said that it is the same as gambling. Because in gambling we are not required to have adequate knowledge because gambling relies more on luck, while trading requires knowledge and even experience will be a factor that can make our trading even better.

Whereas in gambling experience doesn't even help anything. We can ask someone who has been gambling for a long time or we can ask ourselves who have gambled repeatedly. Can our past experiences make us better at gambling? I do not think so. This is me talking about games, not other things like self-control, money management and so on. The reason is that if we talk about self-control and the like, there will definitely be something we can take from that experience.

Indeed, there are some games that require strategy and skill, but this does not guarantee victory or profit. Apart from that, many people believe that the strategy they have can produce profits, but they also cannot definitely make profits easily, gambling in general is based on luck and gambling games that use this strategy only increase the chances of winning but that doesn't mean you will be able to win with certainty. If there are people who succeed in winning because of their accurate strategy, maybe they have made gambling their main source of income, unfortunately this is very impossible.

With trading, of course, this requires good strategy and understanding. If we have enough knowledge about trading, it can enable us to make a profit. The similarity between these two things is the risk of loss that both exist. Even though you have a strategy that is believed to be effective for gaining profits in trading, it cannot be denied that the risk of losing money is the same.

In short, gambling = pure luck, trading = skills.
For me, it will be always trading if you want a better profits, even though not all trades gonna win, but if you are consistent and have a plan and trading properly, everything will be in line.

Because some people think that traders rely on luck like gambling. And I think OP is something to believe which is undoubtedly not and to the extent that gambling can't be considered as profitable nor a source of living which we think we can rely on.

Perhaps, many discussions that trading is potentially profitable but not gambling. There is no comparison between the two aside from asking which one is riskier. I'm not sure if someone does both gambling and trading together. If you are a trader, you will certainly say trading is profitable especially if you have the skills but for the gamblers, might some say yes but surely, the majority says no.

Despite how people speculate that gambling and trading are much more like thesame thing but I still believe that trading is better than gambling by %80. While I said this is that when you are trading on a potential coin like bitcoin, there is a tendency that bitcoin will always go up and down and you would make some profit from buying the dip and selling high. When you buy bitcoin and the price fall from the original price you bought, it will definitely rise again but in gambling whenever a game cut the entire ticket is gone, And no second chance. But even if you buy bitcoin and it falls to zero, you will still regain your money when the price increases, even though it may not be all but if time permits you will regain the lost amount but in gambling when it's gone there is no rescue.

1.There's not even a single "gambling strategy" that has ever worked in the long term. The so called "gambling strategies" aren't strategies at all. They are just a tool for delusional gamblers, who think that they could outsmart the casino. Gambling is and it always will be 100% luck based. If those strategies would have worked and the gamblers had consistent profits by applying those strategies, no casino would have survived this and all the casinos would have gone out of business.
2.Trading isn't luck based. All the loses, that occur from day trading are 100% result of poor decisions, that are made by the traders.
The fact that some trader decided to sell at the wrong time isn't bad luck, it's the trader's bad decision.