Trading is not same thing as Gambling

[milewilda]

Everything will really be needing up that TA or FA when you do deal up with trading because this is something that you will be needing up to apply these things because on the time that you arent that applying any analysis in trading then its just that basically gambling. They are both different things and even just using up your own common sense then you will be able to make out some differentiation in between things. You would really be the ones will be needing up to choose on which path you will be taking into. Trading would be only becomes gambling at the moment that you wont be having that application of any analysis and this is something which is really that standard because if you wont be having this kind of consideration or taking then it does give out that kind of different outcome.

That's right, friend. The difference lies in that. And in the end trading is still trading and not gambling. It's just that trading will be like gambling if someone trades without having market analysis skills. It's just like he's betting by guessing which direction the market will go to safety without knowing the reasons either technically or fundamentally. And actually it indicates that someone is trading using a gambling method or relying on luck without any analysis.

If you are just that new then you would be having this kind of behavior on which you would really be having thoughts that you can make easy money with trading but on the moment that you do make out that actual trading or engagement and volatility do make out some loses then this is where you do make out some realizations that this isnt that right that you will be having such approach. This is why its important that you do really make out those realistic approach at least on what you should gonna do so thatyou wont really be finding yourself that being too desperate when it comes to dealing up with volatile space without being that having that gambler like mind.

[Dr.Bitcoin_Strange]

You're right. Most gambling games are based on the luck factor. That's why people assume we have no need much skills or specific ability for certain gambling games. But it is much different with trading that requires specific skills and certain knowledge. We can make it trading the same as gambling because we will end up with losses only if we do it in the same way. So, everyone who want to be real trader, they must focus on learning everything about trading carefully. Because skills and knowledge are the main factor to succeed in trading.

In gambling we’ve got the luck based games and the skill based games, the latter is call the skill based games not really because one do not require luck anymore, it simply means that your skills on such games gives you some level of advantage and chances of winning, but in the end, everyone still needs luck in gambling, such games are most of those games we already know and play now, like the sports betting and several other games.

And luck based games are those that requires only luck to win, these set of games do not really require your skill as a gambler but only how lucky you can get and these, examples of such games are the roulette games, slot machine games and some dice throwing games too, these games doesn’t require your skill at all, but strictly luck.

[Mr. Magkaisa]

Gambling is not the same as trading, because in trading there is knowledge that we need to do fundamental and technical analysis, read charts and create strategies.
while in trading only rely on luck and habits without clear knowledge.
Two different things but often obscured by people in distinguishing the two and considered the same.

I also agree with your point of view, trading is far different from gambling, because gamblers does not acquire any knowledge before gambling. but it is important for Traders to acquire knowledge before they start trading because it will serve as their guideline in the world of trading. Gambling rely on luck, and you are putting your money at risk because you don't know whether you may win or you may lose. The reason why some people compare trading with gambling is become your money is at risk and you don't know the outcome of your money. But they are far difference from each other, because the trading knowledge that you will acquired before trading will help you to manage and minimize the risks. Gamblers does not acquire any knowledge before gambling. So they don't have any strategy to prevent them from losing.

     -      There are still others who do not change their understanding that trading and gambling are the same because traders need to be risk takers,
because risk is the same as gambling.

With this kind of understanding, they really cannot understand the difference between trading and gambling. But if you use or apply logic and common sense,
it is really easy to understand.

[UNIVERSE]

In gambling we’ve got the luck based games and the skill based games, the latter is call the skill based games not really because one do not require luck anymore, it simply means that your skills on such games gives you some level of advantage and chances of winning, but in the end, everyone still needs luck in gambling, such games are most of those games we already know and play now, like the sports betting and several other games.

Yes, there is luck-based games and skill-based games in gambling. However, all of them still require the luck factor as well. There is no pure game that only needs skills. When we are playing gambling games, we can't expect that we must win because we have the ability/skills. We also need to expect that we have a good luck.

And luck based games are those that requires only luck to win, these set of games do not really require your skill as a gambler but only how lucky you can get and these, examples of such games are the roulette games, slot machine games and some dice throwing games too, these games doesn’t require your skill at all, but strictly luck.

Of course, luck-based games totally relies on the luck factor. Slot is one of the examples, this game surely doesn't need any specific skills/ability.

[martinex]

Mostly like gambling and waiting for a big whale to come if not and normal a coin takes a long time to rise unless the owner maintains the price movement of his own coin well.

I think the percentage of losing trading is more dominant than winning, especially when uncontrolled emotions come and are hypnotized into buying coins in the first that may have made some profit and we try our luck a second or third time.

[dave_strider]

Mostly like gambling and waiting for a big whale to come if not and normal a coin takes a long time to rise unless the owner maintains the price movement of his own coin well.

I think the percentage of losing trading is more dominant than winning, especially when uncontrolled emotions come and are hypnotized into buying coins in the first that may have made some profit and we try our luck a second or third time.

I do agree - memes are just flashy, sometimes too flashy to see how many suffer and lose from them that gain something in return.
But it's our nature - see a big PNL, a green one, and wanting the same, not the big red PNL that usually occurs..

[Dr.Bitcoin_Strange]

Yes, there is luck-based games and skill-based games in gambling. However, all of them still require the luck factor as well. There is no pure game that only needs skills. When we are playing gambling games, we can't expect that we must win because we have the ability/skills. We also need to expect that we have a good luck.

You’re absolutely right, but I feel there’s a bit of an exception in this theory and we are gonna look into it. I always use card games as a pretty good example to visualize the point I’m trying to make. Do you know that there are people who have mastered the art of playing cards, because playing card is an art, in fact sports is an art. So there are those who have in fact mastered this art of playing card games so well that they can easily calculate and accurately predict their opponent’s next move, even before hey initiate that move. Yes, some people are that good.
So would you also say that such a person still needs luck when playing with a total novice??

[Chilwell]

     -      There are still others who do not change their understanding that trading and gambling are the same because traders need to be risk takers,
because risk is the same as gambling.

With this kind of understanding, they really cannot understand the difference between trading and gambling. But if you use or apply logic and common sense,
it is really easy to understand.

Exactly my point, if you apply a common sense you will understand and also know that there is differences between trading and gambling. I won't deny the fact that they share similarities, which is "risk" but I can assure you that they are two different things. Because to my understanding, trading is the act of buying and selling of goods and services with the aim of making profit. Risk can be manage with strategies, knowledge and analysis. In trading there is a possibility of you losing your profit and you may be left with your capital. But in gambling you have to bet with your own money by putting it at risk. And if you fail, you will lose your money, and possibly be left with nothing, including your capital.

[Mr. Magkaisa]

Mostly like gambling and waiting for a big whale to come if not and normal a coin takes a long time to rise unless the owner maintains the price movement of his own coin well.

I think the percentage of losing trading is more dominant than winning, especially when uncontrolled emotions come and are hypnotized into buying coins in the first that may have made some profit and we try our luck a second or third time.

I do agree - memes are just flashy, sometimes too flashy to see how many suffer and lose from them that gain something in return.
But it's our nature - see a big PNL, a green one, and wanting the same, not the big red PNL that usually occurs..

      -        On my part, I also believe that the majority of traders also experience losses, especially in the world of Bitcoin or crypto because it is volatile in which the risk is higher compared to stocks, and forex.

But even so, if you are a little careful and have mastered the market movements in the crypto industry, we can still get a big profit in the end, especially if you are a long-term holder.

[Celsius]

Both trading and gambling have experienced losses, which is why many people consider gambling and trading to be the same thing. However, from my experience, if you lose in gambling, it is not possible to recover that loss, but if you lose in trading, there is a possibility of recovering that loss.

[doc]

Mostly like gambling and waiting for a big whale to come if not and normal a coin takes a long time to rise unless the owner maintains the price movement of his own coin well.

I think the percentage of losing trading is more dominant than winning, especially when uncontrolled emotions come and are hypnotized into buying coins in the first that may have made some profit and we try our luck a second or third time.

I do agree - memes are just flashy, sometimes too flashy to see how many suffer and lose from them that gain something in return.
But it's our nature - see a big PNL, a green one, and wanting the same, not the big red PNL that usually occurs..

      -        On my part, I also believe that the majority of traders also experience losses, especially in the world of Bitcoin or crypto because it is volatile in which the risk is higher compared to stocks, and forex.

But even so, if you are a little careful and have mastered the market movements in the crypto industry, we can still get a big profit in the end, especially if you are a long-term holder.

Yeah every trader must have experienced losses due to the volatility of the crypto market, but a trader must be able to get higher profits than losses in order to survive and get results from his trading.
If you do not have knowledge in trading, you should choose long-term hold, because it is safer and more profitable.

[DavetJack]

Both trading and gambling have experienced losses, which is why many people consider gambling and trading to be the same thing. However, from my experience, if you lose in gambling, it is not possible to recover that loss, but if you lose in trading, there is a possibility of recovering that loss.

Yes brother, there is a lot of logic in your words. We see that there are gamblers and traders in our area. If you lose thousands of dollars in gambling, you will not be able to withdraw them later because you will face more losses to recover them. And if you lose in trading, there is no problem. If you have trading experience or if you have experience about the market, then you can recover your losses 100%. This is the difference between gambling and trading.

[debra]

Both trading and gambling have experienced losses, which is why many people consider gambling and trading to be the same thing. However, from my experience, if you lose in gambling, it is not possible to recover that loss, but if you lose in trading, there is a possibility of recovering that loss.

Although both gambling and trading can end up with losses, it doesn't make them to be the same thing. The chance of losses in gambling is higher than trading, as long as a trader has sufficient knowledge. If a trader has good knowledge, the chance to take profits in trading will be quite high. Sure, in trading, we can recover our losses if we make a better strategy. This will improve the chance to get profits. So, we can recover the losses at the end of the day. But in gambling, it is true that there is no way to recover the losses.

[UNIVERSE]

Yes brother, there is a lot of logic in your words. We see that there are gamblers and traders in our area. If you lose thousands of dollars in gambling, you will not be able to withdraw them later because you will face more losses to recover them. And if you lose in trading, there is no problem. If you have trading experience or if you have experience about the market, then you can recover your losses 100%. This is the difference between gambling and trading.

What logic words? In gambling, it is not surprising if there are many people who lose money thousands of dollars. But in trading, if we want to improve our knowledge, we must can avoid the chance of big losses. Dude, it will be always a problem when you get losses in trading, too. There is no one who wants to get losses. Moreover the traders, they must expect profits as much as possible.

[doc]

Yes brother, there is a lot of logic in your words. We see that there are gamblers and traders in our area. If you lose thousands of dollars in gambling, you will not be able to withdraw them later because you will face more losses to recover them. And if you lose in trading, there is no problem. If you have trading experience or if you have experience about the market, then you can recover your losses 100%. This is the difference between gambling and trading.

What logic words? In gambling, it is not surprising if there are many people who lose money thousands of dollars. But in trading, if we want to improve our knowledge, we must can avoid the chance of big losses. Dude, it will be always a problem when you get losses in trading, too. There is no one who wants to get losses. Moreover the traders, they must expect profits as much as possible.

You are right, many people lose their money in gambling because they only rely on luck. While in trading requires knowledge and analytical skills and to develop the right strategy in order to get consistent profits, even though sometimes you experience defeat because nothing is perfect in life.
I also sometimes experience defeat in trading but that defeat is an experience to be more careful.