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Economy => Trading Discussion => Topic started by: Cookdata on February 09, 2022, 09:45:52 PM



Title: A few key points distinguishing traders from gamblers
Post by: Cookdata on February 09, 2022, 09:45:52 PM
I was looking through the weekly Tradingview education and I came across one that was really interesting. It discussed what separates a trader from a gambler.
Unfortunately, most people confuse trading with gambling, When they trade(gamble) and lose money, they blame the market or blame what causes the incompetence and justify it with poor excuses.
It is not easy to be a professional trader, but practice makes you confident in what you do for a job. This is not a guaranteed or comprehensive trading strategy, but the few points are excellent for anyone to be a trader.

https://i.ibb.co/tsqxmxS/D3-AFDFBE-F37-B-469-D-8760-ACC2597566-C0.png
Source: https://www.tradingview.com/chart/BTCUSD/TRrwICB7-Traders-vs-Gamblers-Know-the-main-differences/


Quote
1) As a trader, one’s aim is to focus on the next 100 trades instead of the next 10. Long-term success, profitability, and consistency are two of the main things traders should target. However, a gambler’s wish and desire is to make quick money.

2) A successful trader/investor has a backtested trading plan that he sticks to and optimizes along the way, adapting to changing market conditions. On the other hand, gamblers like to trade based off what other people think and tweet, or by simply opening a random Buy/Sell position and hoping it plays out successfully.

3) Profitable traders always diversify their portfolio and risk no more than 1-2% per trade. On the contrary, gamblers go “full margin mode” on a single trade without setting a Stop Loss and end up blowing their accounts and blaming the markets.

4) Chasing markets and rushing the process is not what real traders do. Instead, they follow their plan and wait for the price to play out and match their entry criteria before executing. Nonetheless, gamblers like to overtrade, open positions based on nothing, make biased decisions.

5) When enduring a loss or two (or three), traders neither get emotional nor try to revenge the markets. They know that if they obey risk management principles and open high risk-to-reward positions, they will cover all their previous losses and get back to making profits. Gamblers, on the other hand, get angry and start attempting to revenge the market by making foolish decisions and entering many illogical trades.

6) Last but not least, if you want to be successful and profitable in this field, you have to treat trading as a business and take things seriously. Those that think markets are a playground or a casino machine will never succeed in this space.

Source: https://www.tradingview.com/chart/BTCUSD/TRrwICB7-Traders-vs-Gamblers-Know-the-main-differences/


Title: Re: A few key points distinguishing traders from gamblers
Post by: Fatunad on February 09, 2022, 09:59:13 PM
I was looking through the weekly Tradingview education and I came across one that was really interesting. It discussed what separates a trader from a gambler.
Unfortunately, most people confuse trading with gambling, When they trade(gamble) and lose money, they blame the market or blame what causes the incompetence and justify it with poor excuses.
It is not easy to be a professional trader, but practice makes you confident in what you do for a job. This is not a guaranteed or comprehensive trading strategy, but the few points are excellent for anyone to be a trader.
Its not easy on where those noobs been thinking in the first place and even myself do have this kind of belief that it could be handled and learn too easily or in short period but once
you do face up the reality then you would really be having that kind of realizations that it wasnt never been easy on the first place.The most common behavior you would have initially
is to be like a gambler on which you are impulsive plus having no risk management or care that much on your finances until you do lost money.
Once you do realize that you arent doing something tactical or analysis then you would be finding you are simply doing gambling in your trades.


Title: Re: A few key points distinguishing traders from gamblers
Post by: OcTradism on February 10, 2022, 01:01:44 AM
Traders have different types, amateur and professional.

Amateur traders are similar to gamblers but even so there are two types of amateur traders. If they use own money to trade, no leverage, they are less likely gamblers because if their trade positions fail with original plans, they can switch to be holders. If they use leverage, borrow money to trade, they are actually gamblers. They are gambling with the market, with the people who give their loans, with levarage, collateral liquidation.

Professional traders are more disciplined with their trades, with cutloss, with leverage, and they instantly exit their positions even with draw or small lose for their position.


Title: Re: A few key points distinguishing traders from gamblers
Post by: GreatArkansas on February 10, 2022, 02:44:10 AM
To summarize, Gambling is more likely on luck, while Trading, you can't rely on luck here.
I believe trading is one of the difficult jobs to make money since there is money involved here, you may lose them.
On the other hand, gambling is for me is like a game of luck, anyone can play with it and the risk here is much higher compare to trading.


Title: Re: A few key points distinguishing traders from gamblers
Post by: michellee on February 10, 2022, 03:37:26 AM
Most traders, especially new traders, follow other people's signals because they do not know how to analyze the market, making them confused and determining the good time to enter the market. That will be a gamble for them since they only follow other signals without analyzing by themselves.

But the other new traders know that is not right for them and decide to learn more about trading and spend their time searching for the next lesson. The difference is how they want to learn to analyze the market and just follow the other signal without analyzing it themselves.

Once they can do that, I believe they will slowly become a professional trader.


Title: Re: A few key points distinguishing traders from gamblers
Post by: jhonjhon on February 10, 2022, 04:23:51 AM
I was looking through the weekly Tradingview education and I came across one that was really interesting. It discussed what separates a trader from a gambler.
Unfortunately, most people confuse trading with gambling, When they trade(gamble) and lose money, they blame the market or blame what causes the incompetence and justify it with poor excuses.
It is not easy to be a professional trader, but practice makes you confident in what you do for a job. This is not a guaranteed or comprehensive trading strategy, but the few points are excellent for anyone to be a trader.

https://i.ibb.co/tsqxmxS/D3-AFDFBE-F37-B-469-D-8760-ACC2597566-C0.png
Source: https://www.tradingview.com/chart/BTCUSD/TRrwICB7-Traders-vs-Gamblers-Know-the-main-differences/


Quote
1) As a trader, one’s aim is to focus on the next 100 trades instead of the next 10. Long-term success, profitability, and consistency are two of the main things traders should target. However, a gambler’s wish and desire is to make quick money.

2) A successful trader/investor has a backtested trading plan that he sticks to and optimizes along the way, adapting to changing market conditions. On the other hand, gamblers like to trade based off what other people think and tweet, or by simply opening a random Buy/Sell position and hoping it plays out successfully.

3) Profitable traders always diversify their portfolio and risk no more than 1-2% per trade. On the contrary, gamblers go “full margin mode” on a single trade without setting a Stop Loss and end up blowing their accounts and blaming the markets.

4) Chasing markets and rushing the process is not what real traders do. Instead, they follow their plan and wait for the price to play out and match their entry criteria before executing. Nonetheless, gamblers like to overtrade, open positions based on nothing, make biased decisions.

5) When enduring a loss or two (or three), traders neither get emotional nor try to revenge the markets. They know that if they obey risk management principles and open high risk-to-reward positions, they will cover all their previous losses and get back to making profits. Gamblers, on the other hand, get angry and start attempting to revenge the market by making foolish decisions and entering many illogical trades.

6) Last but not least, if you want to be successful and profitable in this field, you have to treat trading as a business and take things seriously. Those that think markets are a playground or a casino machine will never succeed in this space.

Source: https://www.tradingview.com/chart/BTCUSD/TRrwICB7-Traders-vs-Gamblers-Know-the-main-differences/
Some people  think they are traders until they realize too late, that they are gamblers.The first way to distinguish trader from gambler are their expectations.Gamblers think that they can make easy money quickly without thinking the risk.Whereas traders,they know that making money in the market is not a get rich quick method.Traders know that to get rich,you have to do it consistently and sustainably.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Viscore on February 10, 2022, 04:53:43 AM
Traders in a long run always make money. And there income and profit are sustainable.They may not get money everyday. They also make losses but they still follow their plan and strategy consistently. Opposite to gamblers, they can make a lot of money on lucky trading but its is not sustainable and consistent.Gamblers only depend on their luck.


Unfortunately, most people confuse trading with gambling, When they trade(gamble) and lose money, they blame the market


Stock market is not gambling, we have made it gambling. No one can be blame except yourself.


Title: Re: A few key points distinguishing traders from gamblers
Post by: worle1bm on February 10, 2022, 05:44:37 AM
To summarize, Gambling is more likely on luck, while Trading, you can't rely on luck here.
I believe trading is one of the difficult jobs to make money since there is money involved here, you may lose them.
On the other hand, gambling is for me is like a game of luck, anyone can play with it and the risk here is much higher compare to trading.

Exactly gambling is entirely different from trading and investment but some try to mix it up which is entirely wrong.You can gamble with even $1 but you can't trade with it and as you said it's more luck based as outcomes are totally unpredictable but on trading you apply your strategies and market analysis to trade with open mind.Gambling is for fun while the later one is to make profits and it could be short term or long term.They are very different in every aspect and we need to know this before making false claim.


Title: Re: A few key points distinguishing traders from gamblers
Post by: mardaed on February 10, 2022, 06:24:01 AM
I agree with all have been said by the others. In trading, the decisions and move being taken are somewhat calculated, are based on analyses, and are goal-oriented. Whereas, gambling majorly involves of moves that are based on luck, gut feeling and calling of the moment. From such characteristics, you may determine whether a person is gambler or trader.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Vaculin on February 10, 2022, 08:00:25 AM
I agree with all have been said by the others. In trading, the decisions and move being taken are somewhat calculated, are based on analyses, and are goal-oriented. Whereas, gambling majorly involves of moves that are based on luck, gut feeling and calling of the moment. From such characteristics, you may determine whether a person is gambler or trader.
Yes. Gamblers are totally dependent on luck as they don't exert extra efforts or use strategies that will make them win. However, traders does not depend on pure luck. You win your trades because you have skills and strategies that have been proven to work on you. And in such cases, there is more consistency to win in trading compared to gambling because in trading, you do good analysis to come up with almost precise predictions, but in gambling, you are not predicting but more on guessing.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Wexnident on February 10, 2022, 08:27:49 AM
Simply saying gambling is reliant on luck and trading is reliant on educated guesses would be more than enough imo. It's like a well-prepared hiker vs a person who just decided to hike all of a sudden. Traders are people who risk their money while having the confidence that their risk would bring about some form of success, while gamblers are people who solely risk money. I'd probably not agree with the emotion part though, traders still sometimes get greedy and let their emotions get to them after all.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Kelvinid on February 10, 2022, 09:22:25 AM
I don't know how it makes it hard to distinguish a trader from gambling as obviously the two is different and even we know what we really are be doing.

Trader- often to make a trade, buy and sell, and make a profit from the market. Requires knowledge and skills in order to make a profit.
Gambler - that is clearly betting. It requires knowledge and skills as well but what makes this being bold is that we need luck in order to win.



Title: Re: A few key points distinguishing traders from gamblers
Post by: TinaK on February 10, 2022, 10:51:34 AM
True, investing and gambling are two completely different things, but they both include some level of risk and decision-making, notably the danger of losing money in the future. Diversification is one of the most important distinctions between investing and gambling.

Investing allows you to diversify your risk across all asset classes, whereas gamblers put all of their money into a single pot with no risk management in place. With this, you can easily distinguish a trader from a gambler.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Ararbermas on February 10, 2022, 11:23:33 AM
A trader that without risk management and don't have a good plan or specific strategy on every trade, probably that's what we called gambling.. But if you knew what you're doing and very comfortable with your strategies perhaps no worries about it especially if you can manage risk because at the end of the day you still can bring your account into green. Just imagine if you can make 10 trades everyday and you have 1 or 2 mistakes it still a win right?   So let's just find a good strategy and learn more especially when it comes price action to prevent doing mistakes.  Always remember that no one can skip the process to become a good trader so be patient and keep learning.


Title: Re: A few key points distinguishing traders from gamblers
Post by: palle11 on February 10, 2022, 11:30:19 AM
I see the two tables as the difference between professional trader and unprofessional trader, which is the table you called gambler because there are terms you used there that are not for gambling like leverage. I know that an addict over gambles if that's what you mean by leverage. Well of course a professional trader is mindful of some many things including entry and exit, stop loss and take profit, probability of win to lose etc. The obvious difference however is the chart which guides the trader on the probable next move but this is absent in gambling.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Findingnemo on February 10, 2022, 12:25:00 PM
Trading is kind of gambling too, not every professional trader is doing long term trades there are also lot of professional doing day trading but no need to mess trading cryptocurrencies and rolling dice on a casino because both are completely different and existing here for different reasons.


Title: Re: A few key points distinguishing traders from gamblers
Post by: wildan88 on February 10, 2022, 12:30:51 PM
I agree with the lists, gamblers doesn't use any basis since most of the gamblers including me do believe in chances no matter how big or small it is chance is still a chance but that's not the case in technical analysis, once the market shows a signal and confirmation that it is going up or down there is no chance that it will go the other way.

I'm talking about casino by the way but there is also have some similarity like in game analysis in sports betting is like technical analysis that using history to make new prediction.


Title: Re: A few key points distinguishing traders from gamblers
Post by: slaman29 on February 10, 2022, 01:26:41 PM
Couldn't agree more, and been brought up countless times in this forum about how most "traders" are actually gamblers. And the truth is, most traders fail at one or two of those points, so start out doing the right things, but after a while become impatient, or greedy, and then switch into gambler mode. Could be interesting maybe to see if any gambler eventually turned trader!

Emotional point I think tough to overcome though, and that doesn't necessarily turn you into a gambler. Loads of wall street regular traders get emotional in black swan events.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Johnyz on February 10, 2022, 01:38:38 PM
This is really important to know, and as a trader you should know this so you can aware if you are doing gambling or you are trading in the market correctly. There's a lot of impulsive traders who are just riding with the hype without having their own analysis and that's it, that's gambling and its too risky to trade without having any knowledge about the market. A trader will always based his move on his own analysis at his own timeline, this is not just a simple buy and sell.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Zilon on February 10, 2022, 03:25:49 PM
Even professional traders also count their losses although the difference between them and gamblers is that professional traders can actually account for their losses and are patient enough to wait for a good setup before diving into to the market. But no one was born a professional trader becoming a pro is an account for consistent practice as @ op mentioned. I will say a professional trader is a product of improved loss trades that are now an advantage on their path when making their analysis


Title: Re: A few key points distinguishing traders from gamblers
Post by: ethereumhunter on February 10, 2022, 04:02:53 PM
This is really important to know, and as a trader you should know this so you can aware if you are doing gambling or you are trading in the market correctly. There's a lot of impulsive traders who are just riding with the hype without having their own analysis and that's it, that's gambling and its too risky to trade without having any knowledge about the market. A trader will always based his move on his own analysis at his own timeline, this is not just a simple buy and sell.
And more important is do not to depend on other people's analysis because they can be wrong. Always try to analyze because no matter what the result is, we should consider that we are a new trader that does not have much experience in trading. I am sure if we constantly learn more, our feeling and skills will improve and we do not play gambling in trading because we can analyze selecting the coins. After all, we will know how to manage the risk and avoid buying the wrong coins from our analysis.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Silberman on February 10, 2022, 07:09:52 PM
Most traders, especially new traders, follow other people's signals because they do not know how to analyze the market, making them confused and determining the good time to enter the market. That will be a gamble for them since they only follow other signals without analyzing by themselves.

But the other new traders know that is not right for them and decide to learn more about trading and spend their time searching for the next lesson. The difference is how they want to learn to analyze the market and just follow the other signal without analyzing it themselves.

Once they can do that, I believe they will slowly become a professional trader.
Relying on the signals of someone else is a big mistake, why? Because it shows ignorance and incompetence from the one that is using the signals, after all if that person could analyze the market on their own then they will never take those signals into account, however those using the signals think it is the best way to make money quickly, as they recognize their ignorance and they do not want to take the time to learn and use signals as a substitute for their lack of knowledge, however if  they do not know how to trade then how can they tell if the signals they are receiving are good or not? They can’t, which is why so many of them lose their money.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Smartvirus on February 10, 2022, 07:46:07 PM
~snipe~
The photo you've got displayed there is quite small and really stressful trying to stretch the length of my eye sight. Though, there exists a distinct difference between traders and gamblers. Even at that, we can't ignore the fact that, some traders actually gamble on trades rather than doing the actual analysis to arrive at some logical conclusion that could necessitate you taking a buy or a sell on a trade. Besides,  what can we say about spot trading,,, doesn't it employ the gambling concept  about it?

Gambling is pure luck as it could always take any side but trading, tarting have got pointers that gives you an insight on what direction the market is going to turn. You just have  to do your analysis diligently.


Title: Re: A few key points distinguishing traders from gamblers
Post by: so98nn on February 10, 2022, 07:46:56 PM
Thats fairly good comparison. Though it is not needed as everyone has their own style of playing as trader and gambler. But its worth understanding what trader is capable of that is not the part of Gambler and Vice Versa!

A person might be involved in both the activities and thus could be strong enough in handling his ethics while gambling the money in casino. There are smart peeps who play wisely and just like trader and thus make ton of money.

However, on an average most of us are differentiated as per your comparative table. The reason: we are not able to strongly control our motions while being trader or gambler.

Sometime they do call Trader job as dirty-white collar while gambler is just gambler as the name suggest.  :P


Title: Re: A few key points distinguishing traders from gamblers
Post by: Finestream on February 10, 2022, 07:59:37 PM
Thats fairly good comparison. Though it is not needed as everyone has their own style of playing as trader and gambler. But its worth understanding what trader is capable of that is not the part of Gambler and Vice Versa!

A person might be involved in both the activities and thus could be strong enough in handling his ethics while gambling the money in casino. There are smart peeps who play wisely and just like trader and thus make ton of money.

However, on an average most of us are differentiated as per your comparative table. The reason: we are not able to strongly control our motions while being trader or gambler.

Sometime they do call Trader job as dirty-white collar while gambler is just gambler as the name suggest.  :P
If you can be a trader and a gambler at the same time, well then that will be your own advantage. Since its known to us that sometimes, gamblers are even making huge amount of money out of luck compared to traders, but that does not close the fact that gamblers too are losing more than traders as they are making a real play without facts and proven analysis that make them win from the game. If you're smart enough, you can do both as a gambler and as a trader and creates a fair play.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Sanitough on February 10, 2022, 09:19:42 PM
~snipe~
The photo you've got displayed there is quite small and really stressful trying to stretch the length of my eye sight. Though, there exists a distinct difference between traders and gamblers. Even at that, we can't ignore the fact that, some traders actually gamble on trades rather than doing the actual analysis to arrive at some logical conclusion that could necessitate you taking a buy or a sell on a trade. Besides,  what can we say about spot trading,,, doesn't it employ the gambling concept  about it?

Gambling is pure luck as it could always take any side but trading, tarting have got pointers that gives you an insight on what direction the market is going to turn. You just have  to do your analysis diligently.
For some newbies, trading makes it too hard for them so their trading style falls more like gambling. And its not surprising because they often lack the experiences that a good trader must have. But as newbies keep experiencing and learned from them, and with due diligence on gaining knowledge and creating good market analysis, they will be good traders in the end. However, gambling do not need market analysis and special strategies, so the chances for losing is still high compared to trading.


Title: Re: A few key points distinguishing traders from gamblers
Post by: carlfebz2 on February 10, 2022, 09:27:36 PM
~snipe~
The photo you've got displayed there is quite small and really stressful trying to stretch the length of my eye sight. Though, there exists a distinct difference between traders and gamblers. Even at that, we can't ignore the fact that, some traders actually gamble on trades rather than doing the actual analysis to arrive at some logical conclusion that could necessitate you taking a buy or a sell on a trade. Besides,  what can we say about spot trading,,, doesn't it employ the gambling concept  about it?

Gambling is pure luck as it could always take any side but trading, tarting have got pointers that gives you an insight on what direction the market is going to turn. You just have  to do your analysis diligently.
For some newbies, trading makes it too hard for them so their trading style falls more like gambling. And its not surprising because they often lack the experiences that a good trader must have. But as newbies keep experiencing and learned from them, and with due diligence on gaining knowledge and creating good market analysis, they will be good traders in the end. However, gambling do not need market analysis and special strategies, so the chances for losing is still high compared to trading.
When you do goes into a point that you cant understand everything or something then you would really be able to make yourself to have that gambler like kind of behavior on which it would really be normal.

You dont know on what to do which it is normal for someone to take step without even thinking about the risk and they would only learn when they do experience problems later on which is a normal reaction too.
You wouldnt really able to realize things when you dont experience unfortunate events but this is actually part of reality on which you would need to get past through before anything else.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Luqman on February 10, 2022, 11:11:12 PM
The most striking difference that I have ever experienced is when we choose a coin based on hype, not analysis, and follow a few other friends to buy the coin. Next, just hope that the pump cycle will approach the coin and wait for the price to actually pump. Furthermore, if the price continues to be dropped, it doesn't matter because there is only a small amount of money.
In this case, doesn't this include gambling because it's like relying only on luck?
This was what I ever did at the past time, playing with shit coins and meme coins.
And, this has to be stopped before we are addictedwith this kind of cycle.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Sled on February 10, 2022, 11:38:43 PM
Traders must have to rely on themselves, not for luck as it was just gambling at all. In fact, the two are in big difference but somehow, some traders are also like gambling due to their incapability to make analysis, they rather use to have luck in order to gain some profit. I simply couldn't agree that although both are included risk, it is somehow we have to make ourselves clear that to become a trader we don't use of LUCK, it rather we rely on our capabilities as we have the knowledge and skills to perform this thing. 


Title: Re: A few key points distinguishing traders from gamblers
Post by: michellee on February 11, 2022, 08:29:22 AM
Most traders, especially new traders, follow other people's signals because they do not know how to analyze the market, making them confused and determining the good time to enter the market. That will be a gamble for them since they only follow other signals without analyzing by themselves.

But the other new traders know that is not right for them and decide to learn more about trading and spend their time searching for the next lesson. The difference is how they want to learn to analyze the market and just follow the other signal without analyzing it themselves.

Once they can do that, I believe they will slowly become a professional trader.
Relying on the signals of someone else is a big mistake, why? Because it shows ignorance and incompetence from the one that is using the signals, after all if that person could analyze the market on their own then they will never take those signals into account, however those using the signals think it is the best way to make money quickly, as they recognize their ignorance and they do not want to take the time to learn and use signals as a substitute for their lack of knowledge, however if  they do not know how to trade then how can they tell if the signals they are receiving are good or not? They can’t, which is why so many of them lose their money.
That is something they do not realize. If they rely on the signals from someone, they will still search for the next signals. But they do not learn anything instead just hope to make a profit from that signal. That will put them in danger since the market can change the direction and the signal can be wrong and in the end, they will make a wrong buy or sell decision-based on the signals.

They should analyze more if they get a signal from the others and adjust to their situations and conditions to work well for them. It also gives them a chance to learn and improve their skills analysis in trading, which will help them analyze by themselves without relying on others.


Title: Re: A few key points distinguishing traders from gamblers
Post by: TheUltraElite on February 11, 2022, 08:47:54 AM
The OP clearly shows what type of trader should not become a trader, that is the gambler mindset, because majority of gamblers take impulse decisions and do not think about risks which is a complete no-no for professional traders.

However a large portion of traders who get washed away in short periods of time are the gamblers who attempt their hand in trading. They will enter at the wrong point usually the bull tip and then they would be in a loss as the price drops. They will not be able to receive the quick satisfaction and sell off at a loss. This leads to a lot of unusual selling pressure but it happens.

These people are also the ones who enter into leverage trading and to be honest I fell leverage and futures have been created only to cater to this mindset. They end up losing a lot of money and this gives the wrong impression to general public that trading is a risky thing to do.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Dart18 on February 11, 2022, 01:05:13 PM
It's like chess. You always look for the next 3 moves or better when you are a pro at it.
Gamblers pay attention to what's in front of them while traders are looking at the future. You will just get yourself rekt if you didn't learn the movements of the market. It takes hours of monitoring and reading the charts unlike a lucky chance in gambling.
But that's just the way it is, without those gamblers where will the traders get their profits from?


Title: Re: A few key points distinguishing traders from gamblers
Post by: AicecreaME on February 11, 2022, 01:18:01 PM
You got some point, but I've read so many discussion already about trading and gamblers, but their meaning depends on a person's POV. Trading could be either on a high leverage or low leverage, depends on the trader. I don't see a trader that flip coins before making a trade, that's way too reckless, if you know someone like that, they are not worthy to be called "Trader", perhaps you should call him a "bored" person that doesn't have any idea where to spend his money.


Title: Re: A few key points distinguishing traders from gamblers
Post by: rhomelmabini on February 11, 2022, 01:43:36 PM
Unfortunately, most people confuse trading with gambling, When they trade(gamble) and lose money, they blame the market or blame what causes the incompetence and justify it with poor excuses.
It is not easy to be a professional trader, but practice makes you confident in what you do for a job.
Both requires focus tbh but the longer you are trading the better your chances to be profitable since you are getting real experience and knowledge over time. Compare to gambling wherein it depends mostly on luck, in trading it isn't luck that determines it but your know-how and behavior towards trading.

You got some point, but I've read so many discussion already about trading and gamblers, but their meaning depends on a person's POV. Trading could be either on a high leverage or low leverage, depends on the trader.
Others say it was kind of gambling as well but I partially agree if the person doesn't know what he's doing and doesn't take some precautions like stop-loss feature or taking a profit on a certain level.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Scripture on February 11, 2022, 01:57:30 PM
It's like chess. You always look for the next 3 moves or better when you are a pro at it.
Gamblers pay attention to what's in front of them while traders are looking at the future. You will just get yourself rekt if you didn't learn the movements of the market. It takes hours of monitoring and reading the charts unlike a lucky chance in gambling.
But that's just the way it is, without those gamblers where will the traders get their profits from?
There are so called day trader who cares not much about the future since their focus is the current trend so technically it can't be consider as gambling since they are still trading based on their daily analysis.

Trader will only become a gambler once they buy and sell without any analysis, that's what you called irresponsible trader. Traders get their profit from the market itself, its about demand and supply and its not about gambler I believe because even a pro trade loses their money.


Title: Re: A few key points distinguishing traders from gamblers
Post by: hyudien on February 11, 2022, 02:07:44 PM
In short, the two columns made me reflect and it turns out that when I think about it, I personally haven't been able to fully become one of the two which is truly ideal, whether called a trader or a gambler. We're still mixing up the two concepts and making it look as if they're in one column. That's the fact, no one really makes me admit, just a trader who joins in and gamblers who are always surprised to bet big and find it difficult to accept defeat.


Title: Re: A few key points distinguishing traders from gamblers
Post by: adzino on February 11, 2022, 05:49:13 PM
People that say that trading and gambling are the same has never actually traded. Or maybe they did try trading but didn't actually know what they were doing. The illustration that you showed is correct. Trading requires skill and knowledge. Trading is more in making some long term gains and profit. But gambling requires no skill and depends all on luck. People gamble so they can get rich real quick. On trading they have control over their funds and risks. But in gambling, they have no control over the risk and the outcomes. Trading only becomes a form on gambling when people try to trade to make profits real quick (investing and trading shitcoins).


Title: Re: A few key points distinguishing traders from gamblers
Post by: freedomgo on February 11, 2022, 07:43:46 PM
People that say that trading and gambling are the same has never actually traded. Or maybe they did try trading but didn't actually know what they were doing. The illustration that you showed is correct. Trading requires skill and knowledge. Trading is more in making some long term gains and profit. But gambling requires no skill and depends all on luck. People gamble so they can get rich real quick. On trading they have control over their funds and risks. But in gambling, they have no control over the risk and the outcomes. Trading only becomes a form on gambling when people try to trade to make profits real quick (investing and trading shitcoins).
Trading and gambling have their own risks. While gambling lives only for short term and most of it are known to make negative returns, trading on the other hand can last for long, and there is more chances of making positive returns. However, there are also cases why traders turn into gamblers when they are trading with more excitement believing to get rich instantly, as long as they trade only to win, that looks like more on gambling.


Title: Re: A few key points distinguishing traders from gamblers
Post by: dunfida on February 11, 2022, 07:56:25 PM
People that say that trading and gambling are the same has never actually traded. Or maybe they did try trading but didn't actually know what they were doing. The illustration that you showed is correct. Trading requires skill and knowledge. Trading is more in making some long term gains and profit. But gambling requires no skill and depends all on luck. People gamble so they can get rich real quick. On trading they have control over their funds and risks. But in gambling, they have no control over the risk and the outcomes. Trading only becomes a form on gambling when people try to trade to make profits real quick (investing and trading shitcoins).
Trading and gambling have their own risks. While gambling lives only for short term and most of it are known to make negative returns, trading on the other hand can last for long, and there is more chances of making positive returns. However, there are also cases why traders turn into gamblers when they are trading with more excitement believing to get rich instantly, as long as they trade only to win, that looks like more on gambling.
Level of risks will vary and how you do tend to handle it out because not all would really be mindful about that certain risks and they would just simply make out further steps without thinking.

Risk is something that should really be handled out and if you cant able to do that they would really be seeing a big problem towards this one because you couldnt able to determine which

one should be done and which one shouldnt be done.As long you are aware then you could able to sustain yourself on this unpredictable market.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Botnake on February 11, 2022, 08:38:26 PM
In short, the two columns made me reflect and it turns out that when I think about it, I personally haven't been able to fully become one of the two which is truly ideal, whether called a trader or a gambler. We're still mixing up the two concepts and making it look as if they're in one column. That's the fact, no one really makes me admit, just a trader who joins in and gamblers who are always surprised to bet big and find it difficult to accept defeat.
  I guess its clear to you now that trading is very different from gambling. And you could be a good trader or a successful gambler if you like depending on your own choice and the risk you want to take.  But if you prefer to do good in trading, learn to improve your skill and upgrade you strategies in trading so you won' be trading and end up being a gambler in the long run. That usually happens with traders who are not totally focused on their own goal.


Title: Re: A few key points distinguishing traders from gamblers
Post by: stomachgrowls on February 11, 2022, 08:58:51 PM
In short, the two columns made me reflect and it turns out that when I think about it, I personally haven't been able to fully become one of the two which is truly ideal, whether called a trader or a gambler. We're still mixing up the two concepts and making it look as if they're in one column. That's the fact, no one really makes me admit, just a trader who joins in and gamblers who are always surprised to bet big and find it difficult to accept defeat.
  I guess its clear to you now that trading is very different from gambling. And you could be a good trader or a successful gambler if you like depending on your own choice and the risk you want to take.  But if you prefer to do good in trading, learn to improve your skill and upgrade you strategies in trading so you won' be trading and end up being a gambler in the long run. That usually happens with traders who are not totally focused on their own goal.
Once you do realize off these things then you would able to distinguish on whats their main difference which means that you would definitely be mindful about your actions on not to have a gambler
like mind when you do make out some trades and since you do know already that you could make profits or sustain yourself in the market if you done it well then its up to your own actions
and decisions on the possible outcome that you would experience. Determine the level or kind of risks not only on investment or gambling but on other industries as well even
though it wouldnt be so clear but you could actually able to notice it out.


Title: Re: A few key points distinguishing traders from gamblers
Post by: 1win on February 11, 2022, 09:22:55 PM
I would like to offer one more characteristic of gamblers in trading industry. Gambler-trader is following different "professional" traders from internet and youtube. Please, never rely on someone's opinion. Everything is not like it really seems. Here could be risk strategy what to do and how to save your funds but in general no guarantee. 


Title: Re: A few key points distinguishing traders from gamblers
Post by: RealMalatesta on February 12, 2022, 09:44:50 AM
Level of risks will vary and how you do tend to handle it out because not all would really be mindful about that certain risks and they would just simply make out further steps without thinking.

Risk is something that should really be handled out and if you cant able to do that they would really be seeing a big problem towards this one because you couldnt able to determine which

one should be done and which one shouldnt be done.As long you are aware then you could able to sustain yourself on this unpredictable market.
At the end of the day it is not always "more risk more reward" for some of the investments. At the end of the day if you are reaching to a point where the risk is just silly and you are losing then it doesn't make sense. Like how that babymusk or whatever rugpull I just saw, that was an obvious rug pull and that ended up stealing money from everyone and leaving. That was obvious and if you got into it thinking that you would outpace everyone and get in and make profit and get out then you will not be making any profit at all.

This is why I would say that there is nothing that could make you profit at that level of risk. I rather buy bitcoin and make 10% in a year than put my money in those silly things.


Title: Re: A few key points distinguishing traders from gamblers
Post by: hyudien on February 12, 2022, 10:43:48 AM
In short, the two columns made me reflect and it turns out that when I think about it, I personally haven't been able to fully become one of the two which is truly ideal, whether called a trader or a gambler. We're still mixing up the two concepts and making it look as if they're in one column. That's the fact, no one really makes me admit, just a trader who joins in and gamblers who are always surprised to bet big and find it difficult to accept defeat.
  I guess its clear to you now that trading is very different from gambling. And you could be a good trader or a successful gambler if you like depending on your own choice and the risk you want to take.  But if you prefer to do good in trading, learn to improve your skill and upgrade you strategies in trading so you won' be trading and end up being a gambler in the long run. That usually happens with traders who are not totally focused on their own goal.
Once you do realize off these things then you would able to distinguish on whats their main difference which means that you would definitely be mindful about your actions on not to have a gambler
like mind when you do make out some trades and since you do know already that you could make profits or sustain yourself in the market if you done it well then its up to your own actions
and decisions on the possible outcome that you would experience. Determine the level or kind of risks not only on investment or gambling but on other industries as well even
though it wouldnt be so clear but you could actually able to notice it out.
I personally have also realized that, like it or not, market conditions seem to make us gamble to become gamblers or become traders. However, so far these actions have made me of course be careful and try to invest more than trade. Due to the fact that it is suitable for my activities in investing. Not to be missed, gambling has always been a mere entertainment alternative to relieve weekend fatigue.

Now back to the principle of trading which relatively makes it difficult for beginners, as a result finding a dead-end in trading led to the concept of gambling.


Title: Re: A few key points distinguishing traders from gamblers
Post by: CryptopreneurBrainboss on February 12, 2022, 04:09:33 PM
I would like to offer one more characteristic of gamblers in trading industry. Gambler-trader is following different "professional" traders from internet and youtube. Please, never rely on someone's opinion. Everything is not like it really seems. Here could be risk strategy what to do and how to save your funds but in general no guarantee. 

Well said, even the so called signal providers aren't to be trusted as they enriched themselves instead of helping out their followers. If you want to become a trader, go learn the skills as it's very learnable. You just have to be willing to sacrifice some time and funds. Also you have to be dedicated to learning because there'll be challenges on the way. Master trading and you'll realized all the so called expert traders online are just fraud and yet they get massive following.

Distinguishing between gamblers and traders is very easy in the market as majority has little or no knowledge on trading but just hoping on luck and what some expert said to place sell or buy orders. Gamblers are the wishful thinking, while traders make predictions based on what they interprete from the charts.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Quidat on February 13, 2022, 01:59:37 AM
In short, the two columns made me reflect and it turns out that when I think about it, I personally haven't been able to fully become one of the two which is truly ideal, whether called a trader or a gambler. We're still mixing up the two concepts and making it look as if they're in one column. That's the fact, no one really makes me admit, just a trader who joins in and gamblers who are always surprised to bet big and find it difficult to accept defeat.
 I guess its clear to you now that trading is very different from gambling. And you could be a good trader or a successful gambler if you like depending on your own choice and the risk you want to take.  But if you prefer to do good in trading, learn to improve your skill and upgrade you strategies in trading so you won' be trading and end up being a gambler in the long run. That usually happens with traders who are not totally focused on their own goal.
Upgrade yourself if you do really want to sustain here on trading market on which you shouldnt really be having that gambler like mind because you would lost much
in trading and just like other been saying that gambler like mind doesnt really fit out with this kind of industry.Try to see on whats your motive or views towards trading or gambling.
You should able to differentiate on which one is for entertainment and which one which is good for investment.So its up to your own choice!


Title: Re: A few key points distinguishing traders from gamblers
Post by: 2girls on February 13, 2022, 02:23:57 AM
Yes, it's correct. That's trader make profits and gambler get loss every time. Gambler has no knowledge about market analysis, when he sees a coin increasing he buy that instantly. that's why he often gets loss. The gambler always does short-term trades, but the trader knows fundamentals so he does long-term trades.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Farma on February 13, 2022, 08:49:54 AM
well, the very big difference i know from gamblers and traders is, gamblers purely expect luck in doing that, while traders are based on analysis, research and also other things to get it. Moreover, in the world of traders you are not risking your money 100%, even when the price drops, you still have the same amount of assets. whereas in gambling, when you lose, you lose everything.


Title: Re: A few key points distinguishing traders from gamblers
Post by: palle11 on February 13, 2022, 03:00:51 PM
Yes, it's correct. That's trader make profits and gambler get loss every time. Gambler has no knowledge about market analysis, when he sees a coin increasing he buy that instantly. that's why he often gets loss. The gambler always does short-term trades, but the trader knows fundamentals so he does long-term trades.

Op is not referring to those who just jump into trade and gamble with it but he is talking regarding the word gamble itself, that is those who bet games or stakers. So not the way you have understood it and analysed it, they are quite different. Gambling your trade is not same thing as gamble with betting of games like football match, poker or other casino games, they are different I hope you understand that now  ;D


Title: Re: A few key points distinguishing traders from gamblers
Post by: hyudien on February 13, 2022, 05:51:12 PM
snip~

I personally have also realized that, like it or not, market conditions seem to make us gamble to become gamblers or become traders. However, so far these actions have made me of course be careful and try to invest more than trade. Due to the fact that it is suitable for my activities in investing. Not to be missed, gambling has always been a mere entertainment alternative to relieve weekend fatigue.

Now back to the principle of trading which relatively makes it difficult for beginners, as a result finding a dead-end in trading led to the concept of gambling.


You missed something, I have said it here and realized that from market conditions like this we are indeed required to be bettors, namely willing to bet on the bear market or bull market. If you notice, that things are almost difficult to predict, apart from relying on knowledge and instinct which coin we should invest in, the definition of trading activities that are considered legal turns out to be in the realm of the concept of gambling.  Lol


Title: Re: A few key points distinguishing traders from gamblers
Post by: coinism on February 13, 2022, 06:50:14 PM
There is famous saying that "In Gambling, winner is the one who knows when to stop." I think this fits into trading also in many aspect. Like you invest when its right time to buy and sell when you see your target price rather then getting greedy for more profit. Just my few satoshis on this trader vs gambler difference.


Title: Re: A few key points distinguishing traders from gamblers
Post by: stadus on February 13, 2022, 07:08:42 PM
well, the very big difference i know from gamblers and traders is, gamblers purely expect luck in doing that, while traders are based on analysis, research and also other things to get it. Moreover, in the world of traders you are not risking your money 100%, even when the price drops, you still have the same amount of assets. whereas in gambling, when you lose, you lose everything.
Trading is a game of knowledge and skill, while gambling is purely a game of luck and chance. Gambling creates faster profits but more often ends up in a loss, while trading is mostly observed on making slower profits but more sustainable. However, both share a common thing, that is having its own risk. But at the end of the day, trading becomes more profitable if you have the skill and good strategies being used, while gambling since you have the less control to make profits, so mostly gamblers end up losing than making additional profits.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Sterbens on February 13, 2022, 07:50:14 PM
Yes, it's correct. That's trader make profits and gambler get loss every time. Gambler has no knowledge about market analysis, when he sees a coin increasing he buy that instantly. that's why he often gets loss. The gambler always does short-term trades, but the trader knows fundamentals so he does long-term trades.
I think you missed a lot of what we were talking about and railed against gamblers so far. Those are two different principles of making money. That's why the OP gave it to us to know the basic difference not to beat each other. Don't let you misinterpret what the OP is trying to convey. Because here for us gamblers are still gamblers and traders are still traders. Based on the criteria and interests of each.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Silberman on February 14, 2022, 08:23:19 PM
The most striking difference that I have ever experienced is when we choose a coin based on hype, not analysis, and follow a few other friends to buy the coin. Next, just hope that the pump cycle will approach the coin and wait for the price to actually pump. Furthermore, if the price continues to be dropped, it doesn't matter because there is only a small amount of money.
In this case, doesn't this include gambling because it's like relying only on luck?
This was what I ever did at the past time, playing with shit coins and meme coins.
And, this has to be stopped before we are addictedwith this kind of cycle.
Personally I do not think of it as gambling because at least when you gamble you will get some fun out of the games you are playing, something that is not true when you invest in those coins that have nothing but hype behind them, to me that is just an irresponsible act that will bring bad consequences sooner or later, after all if they happen to win then that person believes that this is a legitimate investment option and will keep doing it, while if they happen to lose then they will keep doing this in order to recover the money they have lost.


Title: Re: A few key points distinguishing traders from gamblers
Post by: seleme on February 14, 2022, 09:47:06 PM
It is what it is in gambling, you will get more loss streaks in case of chasing loss but things work differently in the trading world. Money management is the main key in both, having a self-dedication can save your day in trading while everything depends on your luck at the moment you decide to gamble. The more you play on gambling platforms, the house edge keeps eating your balance since slots have an average of 96% RTP while in trading you can minimize trading costs with correct platform/brokers decisions.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Kasabus on February 14, 2022, 10:58:10 PM
It is what it is in gambling, you will get more loss streaks in case of chasing loss but things work differently in the trading world. Money management is the main key in both, having a self-dedication can save your day in trading while everything depends on your luck at the moment you decide to gamble. The more you play on gambling platforms, the house edge keeps eating your balance since slots have an average of 96% RTP while in trading you can minimize trading costs with correct platform/brokers decisions.
In gambling, you will have less control of your finances because your only goal is to win, but at the end of the day gambling makes you poorer while gambling operators ensure that the house will always end up making money. Winning in gambling has a very slim chance, which gives big opportunities for the house edge to gain all your lose capital. However, trading does not depends on luck, but definitely rely on your learned knowledge, skill and strategies that will give you an edge over the other traders and help you gain the profits. Though both have their own risks, but trading with right attitude has more guarantee to make profits than losing your capital.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Silberman on February 17, 2022, 08:40:47 PM
It's sad that there are so many traders today who behave like gamblers. They expect instant profit when trading crypto, it will only make them
experience failure. Crypto trading requires a fairly long process, in order to understand how to make a profit correctly. So we can't expect instant
profit when we trade crypto. Then there are traders who trade without careful planning, they only trade based on signals from other people which
are not necessarily accurate. Becoming a successful trader is very difficult and requires struggle, so make sure we learn how to be a true trader,
before finally deciding to trade crypto, so that our behavior when trading is not like a gambler.
What happens is that a lot of people do not really understand the difference between the two, it is true that in both you need to take a risk, however while in gambling the risk that you need to take is fixed by the casino and you cannot change it, when it comes to trading that risk is always fluctuating and it is up to you to find the time when the risk is at its lower point and it can offer the biggest benefits as well, and this is something that people never learn, and as such they keep making mistakes when they trade.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Yamifoud on February 17, 2022, 10:58:46 PM
I don't believe in some of the distinction presented because is not only gamblers that has the mind for quick return on investment but traders does that too. What are them looking for is nothing other than good return on their capital they invest in either trading or gambling.
Indeed, aiming for a profit is what we aim for whether it was gambling or trading. But what makes us different from trading is that we become more strategical to win the market and the more we need to enhance our knowledge and skill, unlike in gambling where we just rely upon luck and nothing else. But to compare the two which one probably gives us more losses, I believe it was gambling. However, being please with what we do is very important than money but yeah, don't make fall of yourselves into gambling if you aim for returns as this is very unlikely.


Title: Re: A few key points distinguishing traders from gamblers
Post by: danherbias07 on February 18, 2022, 11:40:59 AM
I like the 5th note.
Quote
5) When enduring a loss or two (or three), traders neither get emotional nor try to revenge the markets. They know that if they obey risk management principles and open high risk-to-reward positions, they will cover all their previous losses and get back to making profits. Gamblers, on the other hand, get angry and start attempting to revenge the market by making foolish decisions and entering many illogical trades.
Source: https://www.tradingview.com/chart/BTCUSD/TRrwICB7-Traders-vs-Gamblers-Know-the-main-differences/
I had been in this situation before, all I wanted was to reclaim the lost funds. But I realized my mistakes after losing all the funds that it doesn't work like that. Yes, it became a gamble instead of analytic trading. You tend to lose yourself and forget about the plans you made.
The urgency to win it back will cloud your mind that you don't think straight anymore. Well, it's a good learning point as long as you realize it in the end.
Thanks for the reminder.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Lordhermes on February 18, 2022, 11:47:51 PM
The both parties are risk takers,but the difference is that every trader is always hopeful of recieving profit in return,while gamblers takes risks without expecting anything in return.

Gamblers are liable to give as a result of continuous loosing,while traders hardly give up especially when they are receiving little profit in return and are always very hopeful of getting the bigger ones.


Title: Re: A few key points distinguishing traders from gamblers
Post by: TheUltraElite on February 19, 2022, 06:43:55 AM
I don't believe in some of the distinction presented because is not only gamblers that has the mind for quick return on investment but traders does that too. What are them looking for is nothing other than good return on their capital they invest in either trading or gambling.
Looking for quick returns = High risk methods of making money. They are not traders or investors, but gamblers. Therefore Gambling is not an investment. Period.

The ones we see standing out as traders, at the ones who survived the common mistakes and biases that risk takers get into. One of them is going for the quick and easy modes, like gambling or margin trading. They get washed away and are never heard of again.

From this we can deduce that if you want to survive, you need to learn how to master the nerve and observe the market and it is not difficult if you ask me. Managing risk takes time and patience and if someone lacks these, they should not think about trading at all.


Title: Re: A few key points distinguishing traders from gamblers
Post by: pawanjain on February 19, 2022, 07:00:56 AM
Wow, this is the best post which describes the differences between trading and gambling. It's mostly accurate.
Most of the people these days looks for getting quick profits. While some succeed, many tend drain their money in the volatile crypto market,
This post also helps people identify what they are doing wrong and may be will help them in correcting their trading mistakes.


Title: Re: A few key points distinguishing traders from gamblers
Post by: og kush420 on February 19, 2022, 12:08:12 PM
Traders in a long run always make money. And there income and profit are sustainable.They may not get money everyday. They also make losses but they still follow their plan and strategy consistently. Opposite to gamblers, they can make a lot of money on lucky trading but its is not sustainable and consistent.Gamblers only depend on their luck.


Unfortunately, most people confuse trading with gambling, When they trade(gamble) and lose money, they blame the market


Stock market is not gambling, we have made it gambling. No one can be blame except yourself.


Great link shared – I liked point number 4, which says for trader patience is the key, and there are plans associated with it. However gambler can even risk their emergency funds in an impulsive decision.
There is a thin line which separates trading and gambling. But whatsoever – in our culture we have never appreciated gambling. It’s risky – and most importantly easy come – easy go!


Title: Re: A few key points distinguishing traders from gamblers
Post by: Woodie on February 19, 2022, 12:15:36 PM
As much as their is some truths in the OP i really believe traders and gamblers are all the same. Both take risks and sometimes they take high risk trades/wagers, both can be affected by emotions which can influence how they trade... Btw not all traders are long term traders... others are scalpers and also not all gamblers are high risk takers others take long low risk bets which reward them ultimately.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Taskford on February 19, 2022, 12:29:28 PM
As much as their is some truths in the OP i really believe traders and gamblers are all the same. Both take risks and sometimes they take high risk trades/wagers, both can be affected by emotions which can influence how they trade... Btw not all traders are long term traders... others are scalpers and also not all gamblers are high risk takers others take long low risk bets which reward them ultimately.

I don't actually find any difference between trader and gambler because both of them are risking their money so eventhough we can say that they have different platforms where they risk there money still both of them have the same vibes. Maybe im risk tolerance there are little difference but we cannot actually differentiate people by just like that.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Japinat on February 19, 2022, 08:19:04 PM
As much as their is some truths in the OP i really believe traders and gamblers are all the same. Both take risks and sometimes they take high risk trades/wagers, both can be affected by emotions which can influence how they trade... Btw not all traders are long term traders... others are scalpers and also not all gamblers are high risk takers others take long low risk bets which reward them ultimately.

I don't actually find any difference between trader and gambler because both of them are risking their money so eventhough we can say that they have different platforms where they risk there money still both of them have the same vibes. Maybe im risk tolerance there are little difference but we cannot actually differentiate people by just like that.
The only common thing that gamblers and traders have to engage is risk management. Both requires risk as there is no assurance whether you will get a positive or negative outcome at the end of trading and gambling. However, trading is not purely dependent on luck since there are certain strategies needed to succeed in trading, while gambling alone is purely based on luck. Also, traders can build wealth in the long term, while in gambling there's no clear assurance if you can make money or not as gamblers are more than losing than winning a stake. Read it here for further understanding. https://breakingthelines.com/opinion/is-there-a-difference-between-trading-and-gambling/


Title: Re: A few key points distinguishing traders from gamblers
Post by: DoublerHunter on February 19, 2022, 08:48:13 PM
To summarize, Gambling is more likely on luck, while Trading, you can't rely on luck here.
I believe trading is one of the difficult jobs to make money since there is money involved here, you may lose them.
On the other hand, gambling is for me is like a game of luck, anyone can play with it and the risk here is much higher compare to trading.

I think both are based on luck since most times the predictions and analysis we take before trading isn't usually accurate, but to say about the risk??
Yes I concur, the risk involved in trading isn't on the high side as that of gambling. Both take risk and both operate on luck.
^ Trading is not about pure luck, you can increase the chances of making a profit if you have skills and knowledge in trading. I disagree with you that it operates both with luck because you can improve your trading skills if you have knowledge of it. While gambling is I believe that it is pure luck especially if you gamble on base on luck games. Both need capital and both are risky so if you don't have an amount that you can afford to lose, never expect a huge profit while doing on it.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Hamphser on February 19, 2022, 08:50:11 PM
To summarize, Gambling is more likely on luck, while Trading, you can't rely on luck here.
I believe trading is one of the difficult jobs to make money since there is money involved here, you may lose them.
On the other hand, gambling is for me is like a game of luck, anyone can play with it and the risk here is much higher compare to trading.

I think both are based on luck since most times the predictions and analysis we take before trading isn't usually accurate, but to say about the risk??
Yes I concur, the risk involved in trading isn't on the high side as that of gambling. Both take risk and both operate on luck.
Both are risky but as mentioned on which the level of risk on both things could really be that different and it is justifiable and could really be seen between successful gamblers and successful traders.

You could count it with your hands in between industries thats why you should set specific mindset when dealing neither between the two.Dont be a gambler when you do trade because

it would surely give out some good possible odds or chance for you to have that profitable trades in the end of the day which is totally opposite on gambling where
risk is on the roof excluding though into those strategic gambling games though.


Title: Re: A few key points distinguishing traders from gamblers
Post by: MCVXYZ on February 20, 2022, 06:45:25 PM
To summarize, Gambling is more likely on luck, while Trading, you can't rely on luck here.
I believe trading is one of the difficult jobs to make money since there is money involved here, you may lose them.
On the other hand, gambling is for me is like a game of luck, anyone can play with it and the risk here is much higher compare to trading.

I think both are based on luck since most times the predictions and analysis we take before trading isn't usually accurate, but to say about the risk??
Yes I concur, the risk involved in trading isn't on the high side as that of gambling. Both take risk and both operate on luck.
Both are risky but as mentioned on which the level of risk on both things could really be that different and it is justifiable and could really be seen between successful gamblers and successful traders.

You could count it with your hands in between industries thats why you should set specific mindset when dealing neither between the two.Dont be a gambler when you do trade because

it would surely give out some good possible odds or chance for you to have that profitable trades in the end of the day which is totally opposite on gambling where
risk is on the roof excluding though into those strategic gambling games though.

In addition to this, Its all depends on how and where do you gamble. I mean what are you trading and what are you playing is the crucial part of this. for instance, guy who plays poker with good skills and guy who trades with bad skills is important when we compare all of these things.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Silberman on February 21, 2022, 09:00:04 PM
I don't believe in some of the distinction presented because is not only gamblers that has the mind for quick return on investment but traders does that too. What are them looking for is nothing other than good return on their capital they invest in either trading or gambling.
Indeed, aiming for a profit is what we aim for whether it was gambling or trading. But what makes us different from trading is that we become more strategical to win the market and the more we need to enhance our knowledge and skill, unlike in gambling where we just rely upon luck and nothing else. But to compare the two which one probably gives us more losses, I believe it was gambling. However, being please with what we do is very important than money but yeah, don't make fall of yourselves into gambling if you aim for returns as this is very unlikely.
Another difference that exists between trading and gambling is that in gambling your odds are known in advance, basically you know on average how many times you should win the roll of a dice and how much money you will lose, this makes gambling highly predictable, even if the results will not favor you, however when it comes to trading you need to develop a sense of the risk and the odds you are taking on your own, something that is not easy for most traders, and it is one of the most common reasons why they lose money in the markets.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Mahanton on February 21, 2022, 09:54:09 PM
I don't believe in some of the distinction presented because is not only gamblers that has the mind for quick return on investment but traders does that too. What are them looking for is nothing other than good return on their capital they invest in either trading or gambling.
Indeed, aiming for a profit is what we aim for whether it was gambling or trading. But what makes us different from trading is that we become more strategical to win the market and the more we need to enhance our knowledge and skill, unlike in gambling where we just rely upon luck and nothing else. But to compare the two which one probably gives us more losses, I believe it was gambling. However, being please with what we do is very important than money but yeah, don't make fall of yourselves into gambling if you aim for returns as this is very unlikely.
Another difference that exists between trading and gambling is that in gambling your odds are known in advance, basically you know on average how many times you should win the roll of a dice and how much money you will lose, this makes gambling highly predictable, even if the results will not favor you, however when it comes to trading you need to develop a sense of the risk and the odds you are taking on your own, something that is not easy for most traders, and it is one of the most common reasons why they lose money in the markets.
Highly predictable? I dont think so. Yes, you could make out some calculations but speaking with the outcome then it isnt something that you could assure off specially
when you do deal off with luck based type of games in the market today  on which you could presume out that you could really take on advantage which is really
a very wrong kind of mindset to have.When doing up trading then you should really get rid of gambler like mind because it would just make out some mistakes.


Title: Re: A few key points distinguishing traders from gamblers
Post by: seleme on February 21, 2022, 10:45:22 PM
It is what it is in gambling, you will get more loss streaks in case of chasing loss but things work differently in the trading world. Money management is the main key in both, having a self-dedication can save your day in trading while everything depends on your luck at the moment you decide to gamble. The more you play on gambling platforms, the house edge keeps eating your balance since slots have an average of 96% RTP while in trading you can minimize trading costs with correct platform/brokers decisions.
In gambling, you will have less control of your finances because your only goal is to win, but at the end of the day gambling makes you poorer while gambling operators ensure that the house will always end up making money. Winning in gambling has a very slim chance, which gives big opportunities for the house edge to gain all your lose capital. However, trading does not depends on luck, but definitely rely on your learned knowledge, skill and strategies that will give you an edge over the other traders and help you gain the profits. Though both have their own risks, but trading with right attitude has more guarantee to make profits than losing your capital.
That is why I love trading! The more you learn about it and develop trading skills, the chances go up to make a profit at the end of the session, unlike gambling. You can learn everything about "provably fair" and global slot RTP pool but having the knowledge doesn't make your hand strength. Other traders share the info about the specific market pairs and we keep sharing new techniques while everyone keeps chasing losses in the gambling platform until they win or bust bankroll.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Vaskiy on February 21, 2022, 11:00:06 PM
When one is into trading his mind needs to focus on long term profiting than quick earning. Trader with the gambling mentality can't make profit out of trades. It is well said, a gambler easily gets emotional after loss, which doesn't suits with trading. The traders try to make something out of the market moves, whereas gamblers look for luck than following strategies.

I find both form of traders to be successful, but the percentage differs. The success rate of a trader against a gamble mentality trader will be like 85:15


Title: Re: A few key points distinguishing traders from gamblers
Post by: MCVXYZ on February 23, 2022, 03:29:48 PM
It is what it is in gambling, you will get more loss streaks in case of chasing loss but things work differently in the trading world. Money management is the main key in both, having a self-dedication can save your day in trading while everything depends on your luck at the moment you decide to gamble. The more you play on gambling platforms, the house edge keeps eating your balance since slots have an average of 96% RTP while in trading you can minimize trading costs with correct platform/brokers decisions.
In gambling, you will have less control of your finances because your only goal is to win, but at the end of the day gambling makes you poorer while gambling operators ensure that the house will always end up making money. Winning in gambling has a very slim chance, which gives big opportunities for the house edge to gain all your lose capital. However, trading does not depends on luck, but definitely rely on your learned knowledge, skill and strategies that will give you an edge over the other traders and help you gain the profits. Though both have their own risks, but trading with right attitude has more guarantee to make profits than losing your capital.
That is why I love trading! The more you learn about it and develop trading skills, the chances go up to make a profit at the end of the session, unlike gambling. You can learn everything about "provably fair" and global slot RTP pool but having the knowledge doesn't make your hand strength. Other traders share the info about the specific market pairs and we keep sharing new techniques while everyone keeps chasing losses in the gambling platform until they win or bust bankroll.

Of course its right when you are talking about slots. they are always unprofitable, especially on the long run. People think that they can catch the jackpot or 777 but there may be one chance in a million and the worst thing is chasing lost money.


Title: Re: A few key points distinguishing traders from gamblers
Post by: tvplus006 on February 23, 2022, 07:59:20 PM
I think both are based on luck since most times the predictions and analysis we take before trading isn't usually accurate, but to say about the risk??
Yes I concur, the risk involved in trading isn't on the high side as that of gambling. Both take risk and both operate on luck.

If you don't stick to a trading strategy, then your trading will be comparable to a casino. Of course, there are a lot of such players among beginners who put the entire deposit with the maximum margin, hoping to solve their financial problems in one deal. And if fortune favors them, they get a profit, which in the end they still lose.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Silberman on February 24, 2022, 08:21:11 PM
I don't believe in some of the distinction presented because is not only gamblers that has the mind for quick return on investment but traders does that too. What are them looking for is nothing other than good return on their capital they invest in either trading or gambling.
Indeed, aiming for a profit is what we aim for whether it was gambling or trading. But what makes us different from trading is that we become more strategical to win the market and the more we need to enhance our knowledge and skill, unlike in gambling where we just rely upon luck and nothing else. But to compare the two which one probably gives us more losses, I believe it was gambling. However, being please with what we do is very important than money but yeah, don't make fall of yourselves into gambling if you aim for returns as this is very unlikely.
Another difference that exists between trading and gambling is that in gambling your odds are known in advance, basically you know on average how many times you should win the roll of a dice and how much money you will lose, this makes gambling highly predictable, even if the results will not favor you, however when it comes to trading you need to develop a sense of the risk and the odds you are taking on your own, something that is not easy for most traders, and it is one of the most common reasons why they lose money in the markets.
Highly predictable? I dont think so. Yes, you could make out some calculations but speaking with the outcome then it isnt something that you could assure off specially
when you do deal off with luck based type of games in the market today  on which you could presume out that you could really take on advantage which is really
a very wrong kind of mindset to have.When doing up trading then you should really get rid of gambler like mind because it would just make out some mistakes.
When I said that something was highly predictable I was talking about gambling and not trading, for example if you flip a coin one million times on average heads and tails will come close each to appear half a million times, you do not know the face that will appear each time but you will know on average how many times they will appear and calculate your results based on that, my argument in fact when it comes to trading was the opposite, trading is way more complex and as such you need to develop your own strategy to try to predict what will happen next and how much risk you are incurring with each trade.


Title: Re: A few key points distinguishing traders from gamblers
Post by: MCVXYZ on February 25, 2022, 11:22:13 AM
I don't believe in some of the distinction presented because is not only gamblers that has the mind for quick return on investment but traders does that too. What are them looking for is nothing other than good return on their capital they invest in either trading or gambling.
Indeed, aiming for a profit is what we aim for whether it was gambling or trading. But what makes us different from trading is that we become more strategical to win the market and the more we need to enhance our knowledge and skill, unlike in gambling where we just rely upon luck and nothing else. But to compare the two which one probably gives us more losses, I believe it was gambling. However, being please with what we do is very important than money but yeah, don't make fall of yourselves into gambling if you aim for returns as this is very unlikely.
Another difference that exists between trading and gambling is that in gambling your odds are known in advance, basically you know on average how many times you should win the roll of a dice and how much money you will lose, this makes gambling highly predictable, even if the results will not favor you, however when it comes to trading you need to develop a sense of the risk and the odds you are taking on your own, something that is not easy for most traders, and it is one of the most common reasons why they lose money in the markets.
Highly predictable? I dont think so. Yes, you could make out some calculations but speaking with the outcome then it isnt something that you could assure off specially
when you do deal off with luck based type of games in the market today  on which you could presume out that you could really take on advantage which is really
a very wrong kind of mindset to have.When doing up trading then you should really get rid of gambler like mind because it would just make out some mistakes.
When I said that something was highly predictable I was talking about gambling and not trading, for example if you flip a coin one million times on average heads and tails will come close each to appear half a million times, you do not know the face that will appear each time but you will know on average how many times they will appear and calculate your results based on that, my argument in fact when it comes was the opposite, trading is way more complex and as such you need to develop your own strategy to try to predict what will happen next and how much risk you are incurring with each trade.

Yes but there are many different gambling ways, I mean games, where there are different skills to have because everything may not be depend on luck but probability. On the other hand, when trader makes investment he should know about every news and aspects before investing such as: armed conflicts, sanctions and etc.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Obito on February 25, 2022, 12:24:55 PM
I don't think that you should consider short-term trading as gambling because I think that there are successful short-term trading, I would agree with your other points as to what's making someone a gambler, and with all those points, I identify myself as a gambler although I don't believe that trading is like a casino.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Anguwa on February 25, 2022, 02:39:37 PM
Gamblers take advantage of everything they believe would provide them with quick cash, and when it fails, they become furious, and the same way they take crypto trading. They assume that they can just invest in a coin and receive a 10X return right away; nevertheless, they are frequently discovered to lack fundamental knowledge of cryptocurrency trading, and they are frequently the false investors that dump new projects in the name of gambling.


Title: Re: A few key points distinguishing traders from gamblers
Post by: MCVXYZ on February 25, 2022, 06:47:15 PM
I don't think that you should consider short-term trading as gambling because I think that there are successful short-term trading, I would agree with your other points as to what's making someone a gambler, and with all those points, I identify myself as a gambler although I don't believe that trading is like a casino.
Of course you should not consider short-term trading as a gambling because there you profit by analyzing information based on daily basis. In gambling you just press button ,,spin'' (I mean slots and another dumb games.) which has no connection to the trading.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Silberman on February 28, 2022, 06:56:51 PM
Gamblers take advantage of everything they believe would provide them with quick cash, and when it fails, they become furious, and the same way they take crypto trading. They assume that they can just invest in a coin and receive a 10X return right away; nevertheless, they are frequently discovered to lack fundamental knowledge of cryptocurrency trading, and they are frequently the false investors that dump new projects in the name of gambling.
Unfortunately many newbies  have that kind of mentality, which is sad because that means they are going to lose a huge amount of money to the markets as it is very difficult to predict not only which coin will go through a 10x growth but when it will happen, after all stories of people that held a coin for years and the coin experimented no movement only for them to sell their coins and then the coin skyrockets shortly after are not rare at all.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Fredomago on February 28, 2022, 07:16:15 PM
Gamblers take advantage of everything they believe would provide them with quick cash, and when it fails, they become furious, and the same way they take crypto trading. They assume that they can just invest in a coin and receive a 10X return right away; nevertheless, they are frequently discovered to lack fundamental knowledge of cryptocurrency trading, and they are frequently the false investors that dump new projects in the name of gambling.
Unfortunately many newbies  have that kind of mentality, which is sad because that means they are going to lose a huge amount of money to the markets as it is very difficult to predict not only which coin will go through a 10x growth but when it will happen, after all stories of people that held a coin for years and the coin experimented no movement only for them to sell their coins and then the coin skyrockets shortly after are not rare at all.
There are many stories about regretful action around this market, but to pinpoint the kind traders who act like gamblers, they are very prone of losing a lot, without proper knowledge and good trainings before stepping inside this market, the chance that they are risking too much with their money is at stake.

They tend to take the high-risk investment believing that they are doing the right thing, they only realize mistakes when they suffered from
big losses.

It's knowledge upon the market that will lead each traders not to work as gamblers while investing around. 8) :)


Title: Re: A few key points distinguishing traders from gamblers
Post by: tippytoes on February 28, 2022, 07:24:16 PM
Gamblers take advantage of everything they believe would provide them with quick cash, and when it fails, they become furious, and the same way they take crypto trading. They assume that they can just invest in a coin and receive a 10X return right away; nevertheless, they are frequently discovered to lack fundamental knowledge of cryptocurrency trading, and they are frequently the false investors that dump new projects in the name of gambling.
Unfortunately many newbies  have that kind of mentality, which is sad because that means they are going to lose a huge amount of money to the markets as it is very difficult to predict not only which coin will go through a 10x growth but when it will happen, after all stories of people that held a coin for years and the coin experimented no movement only for them to sell their coins and then the coin skyrockets shortly after are not rare at all.
There are many stories about regretful action around this market, but to pinpoint the kind traders who act like gamblers, they are very prone of losing a lot, without proper knowledge and good trainings before stepping inside this market, the chance that they are risking too much with their money is at stake.

They tend to take the high-risk investment believing that they are doing the right thing, they only realize mistakes when they suffered from
big losses.

It's knowledge upon the market that will lead each traders not to work as gamblers while investing around. 8) :)

One good example of a trader who is somewhat similar to a gambler is when a newcomer in crypto ventures in futures trading. This is a very risky move for me like you are in the game of crash or you are investing in a new alt hoping to get 10x or 100x return. There are similarities in behavior of both individuals, but if a trader is a smart one, he can reduce the chance of losing it all or at least prevent from further losing because you know when to stop.


Title: Re: A few key points distinguishing traders from gamblers
Post by: stomachgrowls on February 28, 2022, 08:55:30 PM
Gamblers take advantage of everything they believe would provide them with quick cash, and when it fails, they become furious, and the same way they take crypto trading. They assume that they can just invest in a coin and receive a 10X return right away; nevertheless, they are frequently discovered to lack fundamental knowledge of cryptocurrency trading, and they are frequently the false investors that dump new projects in the name of gambling.
Unfortunately many newbies  have that kind of mentality, which is sad because that means they are going to lose a huge amount of money to the markets as it is very difficult to predict not only which coin will go through a 10x growth but when it will happen, after all stories of people that held a coin for years and the coin experimented no movement only for them to sell their coins and then the coin skyrockets shortly after are not rare at all.
Cant really deny that we are once having this kind of mentality when we are still a newbie on which it isnt that surprising on having that kind of thing in mind that we do make out decisions on a rush manner on which we dont even apply proper analysis into it.

You are the ones who do able to realized on what you are doing and if you do experience out losses then this is the time you would really make out some adjustments since you are aware that
proper risk management is the key.

Dont think like a gambler because you would not sustain into this market if you do have that kind of behavior which isnt really that suggested at all.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Silberman on March 03, 2022, 08:13:30 PM
Gamblers take advantage of everything they believe would provide them with quick cash, and when it fails, they become furious, and the same way they take crypto trading. They assume that they can just invest in a coin and receive a 10X return right away; nevertheless, they are frequently discovered to lack fundamental knowledge of cryptocurrency trading, and they are frequently the false investors that dump new projects in the name of gambling.
Unfortunately many newbies  have that kind of mentality, which is sad because that means they are going to lose a huge amount of money to the markets as it is very difficult to predict not only which coin will go through a 10x growth but when it will happen, after all stories of people that held a coin for years and the coin experimented no movement only for them to sell their coins and then the coin skyrockets shortly after are not rare at all.
There are many stories about regretful action around this market, but to pinpoint the kind traders who act like gamblers, they are very prone of losing a lot, without proper knowledge and good trainings before stepping inside this market, the chance that they are risking too much with their money is at stake.

They tend to take the high-risk investment believing that they are doing the right thing, they only realize mistakes when they suffered from
big losses.

It's knowledge upon the market that will lead each traders not to work as gamblers while investing around. 8) :)
While without a doubt knowledge is key at the same time some level of common sense is required, after all people thinking that they can pick a coin that will do a 10x are simply delusional, in theory someone can do this as we see many coins doing a movement like that during a bull run, but the number of people that are fortunate enough to invest in a coin before it makes  a movement like that are very small, so it is unrealistic to think that something like this can be done consistently, which is exactly what those newbies think and why they get in so much trouble when investing in the markets.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Hamphser on March 03, 2022, 08:18:36 PM
Gamblers take advantage of everything they believe would provide them with quick cash, and when it fails, they become furious, and the same way they take crypto trading. They assume that they can just invest in a coin and receive a 10X return right away; nevertheless, they are frequently discovered to lack fundamental knowledge of cryptocurrency trading, and they are frequently the false investors that dump new projects in the name of gambling.
Unfortunately many newbies  have that kind of mentality, which is sad because that means they are going to lose a huge amount of money to the markets as it is very difficult to predict not only which coin will go through a 10x growth but when it will happen, after all stories of people that held a coin for years and the coin experimented no movement only for them to sell their coins and then the coin skyrockets shortly after are not rare at all.
There are many stories about regretful action around this market, but to pinpoint the kind traders who act like gamblers, they are very prone of losing a lot, without proper knowledge and good trainings before stepping inside this market, the chance that they are risking too much with their money is at stake.

They tend to take the high-risk investment believing that they are doing the right thing, they only realize mistakes when they suffered from
big losses.

It's knowledge upon the market that will lead each traders not to work as gamblers while investing around. 8) :)

One good example of a trader who is somewhat similar to a gambler is when a newcomer in crypto ventures in futures trading. This is a very risky move for me like you are in the game of crash or you are investing in a new alt hoping to get 10x or 100x return. There are similarities in behavior of both individuals, but if a trader is a smart one, he can reduce the chance of losing it all or at least prevent from further losing because you know when to stop.
Touching futures or leverage trades when you are still a noob is totally a suicide or something that shouldnt really be done in the first place.This is why touching this area is never been recommendable.

When you do deal with trading then you should get rid that kind of mindset on being a gambler via means on making out trading decisions without any analysis and considerations.

You would really find it problematic later on if you do realize that you do need something before making any move because it would surely counts.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Fredomago on March 03, 2022, 08:51:20 PM

Touching futures or leverage trades when you are still a noob is totally a suicide or something that shouldnt really be done in the first place.This is why touching this area is never been recommendable.

When you do deal with trading then you should get rid that kind of mindset on being a gambler via means on making out trading decisions without any analysis and considerations.

You would really find it problematic later on if you do realize that you do need something before making any move because it would surely counts.

You are more on doing gambling instead of trading, future trades are for experienced people who understand the risk and the benefits of this kind of business. Better to stay away if you are just new to this business, take time to research and do your homework, it's your hard earned money that you will go to stake.

The system is far different from how regular trading works. Once you made a mistake, there's nothing that you can do but to add new funds, while with traditional trading you can continue to hold and wait for the price to bounce back.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Silberman on March 07, 2022, 09:05:14 PM

Touching futures or leverage trades when you are still a noob is totally a suicide or something that shouldnt really be done in the first place.This is why touching this area is never been recommendable.

When you do deal with trading then you should get rid that kind of mindset on being a gambler via means on making out trading decisions without any analysis and considerations.

You would really find it problematic later on if you do realize that you do need something before making any move because it would surely counts.

You are more on doing gambling instead of trading, future trades are for experienced people who understand the risk and the benefits of this kind of business. Better to stay away if you are just new to this business, take time to research and do your homework, it's your hard earned money that you will go to stake.

The system is far different from how regular trading works. Once you made a mistake, there's nothing that you can do but to add new funds, while with traditional trading you can continue to hold and wait for the price to bounce back.

Agreed, future trading and leverage are for experts only, I understand the attractiveness they have for the newbies but unless you have proven yourself for several years that you can obtain profits in the markets then you need to say away from them, as a single mistake can be more than enough to ruin your account as the losses which you can incur are massive, and yet newbies do not understand this and as a result of this attitude they keep losing their money.


Title: Re: A few key points distinguishing traders from gamblers
Post by: btc_angela on March 09, 2022, 05:26:16 PM
The gamblers should always get prepared that the market does not work in a way that everyone think it's going to go. Market is unpredictable and those who are gamblers would tend to loss more when things go wrong. Although there is always a urge to leverage more when one thinks the market is going to dance to our tune. I think the newbies trader sometimes do fall in this situation because of weak knowledge about the market.

For newbies, better be ready to lose money in the beginning, I think that is a given fact. You can't simply trade and be 100% on making money. So for me it's good to lose money but at the same time learning through experience. For gamblers, they doesn't care, as long as they think they will profit, they will bet everything they had. As compare to a good trader, wherein he looks for market signals before putting money into the game.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Kasabus on March 09, 2022, 08:25:01 PM
The gamblers should always get prepared that the market does not work in a way that everyone think it's going to go. Market is unpredictable and those who are gamblers would tend to loss more when things go wrong. Although there is always a urge to leverage more when one thinks the market is going to dance to our tune. I think the newbies trader sometimes do fall in this situation because of weak knowledge about the market.

For newbies, better be ready to lose money in the beginning, I think that is a given fact. You can't simply trade and be 100% on making money. So for me it's good to lose money but at the same time learning through experience. For gamblers, they doesn't care, as long as they think they will profit, they will bet everything they had. As compare to a good trader, wherein he looks for market signals before putting money into the game.
Good traders do not just trade easily, they do it with skill and proven strategies that will work on them. And they always create market analysis with technical indicators to come up with a reliable market to trade. However, with gambling, they mostly rely on luck. If they think that they will be lucky that day, they will gamble all what they have for profits. But at the end of the day, its the house that mostly win, and gamblers usually go home with empty pockets.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Finestream on March 09, 2022, 08:39:04 PM
The gamblers should always get prepared that the market does not work in a way that everyone think it's going to go. Market is unpredictable and those who are gamblers would tend to loss more when things go wrong. Although there is always a urge to leverage more when one thinks the market is going to dance to our tune. I think the newbies trader sometimes do fall in this situation because of weak knowledge about the market.
Well, newbies in trading are expected to create losses at first. In fact, that will motivate them to gain good knowledge in the market and develop and enhance their skills and strategies in trading. Overtime, they will start to improve the way they trade and start minimizing their losses. But gamblers do the opposite way. The more they gamble, the bigger amount of capital they will lose. It does not matter how long they have been gambling, they will not learn skills on it. Because in reality, the ratios of big losers are extremely large than those who came up big winners in gambling.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Japinat on March 09, 2022, 09:24:25 PM
The gamblers should always get prepared that the market does not work in a way that everyone think it's going to go. Market is unpredictable and those who are gamblers would tend to loss more when things go wrong. Although there is always a urge to leverage more when one thinks the market is going to dance to our tune. I think the newbies trader sometimes do fall in this situation because of weak knowledge about the market.

For newbies, better be ready to lose money in the beginning, I think that is a given fact. You can't simply trade and be 100% on making money. So for me it's good to lose money but at the same time learning through experience. For gamblers, they doesn't care, as long as they think they will profit, they will bet everything they had. As compare to a good trader, wherein he looks for market signals before putting money into the game.
Newbies have sometimes create their beginner's luck and tends to win over their first trades. But that won't sustain for the coming days and months. If you don't act as a good trader and don't have the required skills and strategies to win a trade, you will never be successful in trading. Gambling, on the other hand, is pretty driven with luck and some expertise. But since gambling offers no assurance to win in the long run, gamblers often lose their capital and finds it hard to recover them. If they will never stop in trading, they will never stop from losing their bets too.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Quidat on March 09, 2022, 10:20:35 PM
The gamblers should always get prepared that the market does not work in a way that everyone think it's going to go. Market is unpredictable and those who are gamblers would tend to loss more when things go wrong. Although there is always a urge to leverage more when one thinks the market is going to dance to our tune. I think the newbies trader sometimes do fall in this situation because of weak knowledge about the market.

For newbies, better be ready to lose money in the beginning, I think that is a given fact. You can't simply trade and be 100% on making money. So for me it's good to lose money but at the same time learning through experience. For gamblers, they doesn't care, as long as they think they will profit, they will bet everything they had. As compare to a good trader, wherein he looks for market signals before putting money into the game.
Newbies have sometimes create their beginner's luck and tends to win over their first trades. But that won't sustain for the coming days and months. If you don't act as a good trader and don't have the required skills and strategies to win a trade, you will never be successful in trading. Gambling, on the other hand, is pretty driven with luck and some expertise. But since gambling offers no assurance to win in the long run, gamblers often lose their capital and finds it hard to recover them. If they will never stop in trading, they will never stop from losing their bets too.
We cant really deny that into those times that we are still noob then we do have this kind of behavior which is really very common.We do really test it out first and find out if we do make it well or not.
Its not really avoidable that you would make out some actions which is similar on being a gambler because we do still lack knowledge then it would really be just normal for you to commit out.
Once you do gain out experience then this is where you do changed your behavior towards your trading and you would be minding more on the risk involved.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Silberman on March 10, 2022, 07:10:50 PM
The gamblers should always get prepared that the market does not work in a way that everyone think it's going to go. Market is unpredictable and those who are gamblers would tend to loss more when things go wrong. Although there is always a urge to leverage more when one thinks the market is going to dance to our tune. I think the newbies trader sometimes do fall in this situation because of weak knowledge about the market.

For newbies, better be ready to lose money in the beginning, I think that is a given fact. You can't simply trade and be 100% on making money. So for me it's good to lose money but at the same time learning through experience. For gamblers, they doesn't care, as long as they think they will profit, they will bet everything they had. As compare to a good trader, wherein he looks for market signals before putting money into the game.
This is what eventually ruins a great deal of newbies, they come to the market with complete mistaken expectations, but of all the misconceptions they have of the market probably the worst of all is that they actually believe they can come to this market, make money and never lose it, a good trader losses money from time to time but that does not affect him, but why is that the case? Because at the end he knows that his system is solid, and even if he losses a trade on average he should earn money with each trade he makes.


Title: Re: A few key points distinguishing traders from gamblers
Post by: carlfebz2 on March 10, 2022, 07:23:56 PM
The gamblers should always get prepared that the market does not work in a way that everyone think it's going to go. Market is unpredictable and those who are gamblers would tend to loss more when things go wrong. Although there is always a urge to leverage more when one thinks the market is going to dance to our tune. I think the newbies trader sometimes do fall in this situation because of weak knowledge about the market.

For newbies, better be ready to lose money in the beginning, I think that is a given fact. You can't simply trade and be 100% on making money. So for me it's good to lose money but at the same time learning through experience. For gamblers, they doesn't care, as long as they think they will profit, they will bet everything they had. As compare to a good trader, wherein he looks for market signals before putting money into the game.
This is what eventually ruins a great deal of newbies, they come to the market with complete mistaken expectations, but of all the misconceptions they have of the market probably the worst of all is that they actually believe they can come to this market, make money and never lose it, a good trader losses money from time to time but that does not affect him, but why is that the case? Because at the end he knows that his system is solid, and even if he losses a trade on average he should earn money with each trade he makes.
Out of those expectations then here comes on facing  the reality on which it would really be crucial for your learning and realizations which neither it would push you to decide whether you would proceed or would

completely stop because not all people do really have good impressions about trading when they are just starting.They lose then they do simply stop and saying that trading is too risky but they
havent realize that despite of those risks there  would be profits if they have done just well on what they are doing although it wont be that simple but it is attainable.


Title: Re: A few key points distinguishing traders from gamblers
Post by: taufik123 on March 10, 2022, 07:42:50 PM
-snip
those who decide to completely stop trading certainly do not fully understand the knowledge needed in trading, and they then say trading is very risky and some even say it is gambling.
This is a natural thing when beginners do it. But this will be a good lesson or an experience for beginners who don't want to give up and continue what they have started, rather than having to stop because of one failure.


Title: Re: A few key points distinguishing traders from gamblers
Post by: TelolettOm on March 10, 2022, 11:31:09 PM
The main difference between a trader and a gambler is how they set the coins and numbers when buying/selling, short or long.
A trader will usually use several analytical techniques in terms of indicators and fundamentals. In contrast to gamblers who just carelessly follow coins that are okay to trade without further analysis.
Gamblers will usually risk more money, because without good analysis, and they only hope that at that time they will get a profit, more on luck.
While traders don't, they have considered various possibilities in the future whether to lose or profits and what to do if it turns out that the situation turns around, it may result in loss.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Mahanton on March 10, 2022, 11:53:13 PM
-snip
those who decide to completely stop trading certainly do not fully understand the knowledge needed in trading, and they then say trading is very risky and some even say it is gambling.
This is a natural thing when beginners do it. But this will be a good lesson or an experience for beginners who don't want to give up and continue what they have started, rather than having to stop because of one failure.
Trading does involve lots of failures before you could attain sustainability but of  course it would depend on how you would dealt with it because not all does have the same level of tolerance when it comes on losing money on which some might able to recover and stood still and the rest would just simply quit up because they dont have any more money to spare which is really a common scenario.If you are a gambler
and you do apply it into something which do require some strategy then you wouldnt notice it on your first time but when you are experiencing some losses then this is where you do
become serious and trying out to search everything connected to it.


Title: Re: A few key points distinguishing traders from gamblers
Post by: doomloop on March 11, 2022, 03:58:28 AM
those who decide to completely stop trading certainly do not fully understand the knowledge needed in trading, and they then say trading is very risky and some even say it is gambling.
This is a natural thing when beginners do it. But this will be a good lesson or an experience for beginners who don't want to give up and continue what they have started, rather than having to stop because of one failure.
I might have to agree with the fact that trading cryptocurrency is a very risky thing to do. Yes it is very risky because it is not an easy business and you end up losing your money if you’re not very careful with it. Being a trader requires lots of training and also getting to have the experience and understanding starting from the basics.

You need to know how to handle the risk that it is involved in trading, because if you do not know how to manage your capital while trading, you are going to be losing money on a steady. But just because trading is risky doesn’t mean that people shouldn’t do it, those who truly understands will know that the difficulties that they encounter is meant to reshape them and make them understand what they should do next when trading.


Title: Re: A few key points distinguishing traders from gamblers
Post by: LUCKMCFLY on March 13, 2022, 11:37:03 PM
The gamblers should always get prepared that the market does not work in a way that everyone think it's going to go. Market is unpredictable and those who are gamblers would tend to loss more when things go wrong. Although there is always a urge to leverage more when one thinks the market is going to dance to our tune. I think the newbies trader sometimes do fall in this situation because of weak knowledge about the market.
You are right, in fact it is very common that sometimes we place orders that are not fulfilled but the opposite happens, and that is why it is so essential to place the stop loss, when our operations are touched by the stop loss it means that in some way we protect a part of our money and that the loss must be assumed, and if this happens very often it is because we are not having the proper vision of the market and that we must change our strategy, or in fact know how to wait until there is a good entry, because the market is always benevolent, there is always a new opportunity to enter, the important thing is to know how to interpret when it should be good to enter.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Smitty Werben Man Jensen on March 14, 2022, 02:19:40 AM
The gamblers should always get prepared that the market does not work in a way that everyone think it's going to go. Market is unpredictable and those who are gamblers would tend to loss more when things go wrong. Although there is always a urge to leverage more when one thinks the market is going to dance to our tune. I think the newbies trader sometimes do fall in this situation because of weak knowledge about the market.

For newbies, better be ready to lose money in the beginning, I think that is a given fact. You can't simply trade and be 100% on making money. So for me it's good to lose money but at the same time learning through experience. For gamblers, they doesn't care, as long as they think they will profit, they will bet everything they had. As compare to a good trader, wherein he looks for market signals before putting money into the game.
I think you are right because being a trader is a part to get to perfection. one needs to have made some mistake that will make them better. If you analyse the crypto market and at the end things couldn't walk in the way you planned it, using the mistake to set pass makes one to understand more about the Market and make proper adjustments next time.
The more we try, the more we will know where the error is that must be corrected.
in trading we can't just theorize we have to be brave to try so that with a lot of experience it will make us better,
In addition to increasing understanding of the market, we need to always improve both knowledge and skills as well


Title: Re: A few key points distinguishing traders from gamblers
Post by: TheUltraElite on March 14, 2022, 09:34:03 AM
I think you are right because being a trader is a part to get to perfection. one needs to have made some mistake that will make them better. If you analyse the crypto market and at the end things couldn't walk in the way you planned it, using the mistake to set pass makes one to understand more about the Market and make proper adjustments next time.
I dont see how you can do such adjustments unless you are day trading which by itself is more risky than spot trading. When day-trading traders use the indicators to understand how market moves, this is called technical analysis and it is only correct in about 50% of the cases. So you can make the decision to stick with day trading or stick to bitcoin long term buying and selling to get profit.

Also the term perfection does not exist in speculative assets. You can develop your methods but the basic concept remains the same. The whole game depends on the timing and patience.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Desmong on March 14, 2022, 11:59:36 PM
Note this...
A gambler will always rush to take profit even when the time had not reached.
A gambler will always tend to use bigger risk to reward ratio that can blow up the entire account.
A gambler will always rush to make big income without taking proper analysis of the market.
A gamblers with always ignore doing thorough research at the appropriate time.

There are more ways to differentiate a gambler from a real trader.



Title: Re: A few key points distinguishing traders from gamblers
Post by: Oshosondy on March 15, 2022, 07:32:45 AM
The more we try, the more we will know where the error is that must be corrected.
in trading we can't just theorize we have to be brave to try so that with a lot of experience it will make us better,
In addition to increasing understanding of the market, we need to always improve both knowledge and skills as well
Let me accept this to be true, but some traders are just losing because of the type of trading they are exposed to, some people started as a day trader and scalpers but continuing losing, just like me that started trading since almost two years ago but continue to lose, the loss has been as a result of still lack of knowledge and entering trading at the wrong time, but I do not know when the right time will come that I will make profit than losses. I decided to change to swing trading which is better. Also not everyone are meant to be a scalper or a day trader, swing and patient type of trading can be all what some people should be doing rather than wasting their time and effort and yet losing money on day trading and scalping.


Title: Re: A few key points distinguishing traders from gamblers
Post by: darewaller on March 15, 2022, 09:47:06 AM
I think you are right because being a trader is a part to get to perfection. one needs to have made some mistake that will make them better. If you analyse the crypto market and at the end things couldn't walk in the way you planned it, using the mistake to set pass makes one to understand more about the Market and make proper adjustments next time.
I dont see how you can do such adjustments unless you are day trading which by itself is more risky than spot trading. When day-trading traders use the indicators to understand how market moves, this is called technical analysis and it is only correct in about 50% of the cases. So you can make the decision to stick with day trading or stick to bitcoin long term buying and selling to get profit.

Also the term perfection does not exist in speculative assets. You can develop your methods but the basic concept remains the same. The whole game depends on the timing and patience.
I would say sticking to long term bitcoin buying (and not even selling) is a preferred method for me not only because it has better chances of making money but it is also a lazy method as well. I mean think about it, we are talking about making money by literally doing nothing. You buy bitcoin and ... do nothing. That is a great method and I like doing that.

However if you feel like you are a great trader then you should be going at it, go try some trading and if you are making money from it then keep that going, there is nothing wrong with that, the only downside would be not being a good trader, in which case you could go back to being a hodler.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Hamphser on March 15, 2022, 05:38:57 PM
The more we try, the more we will know where the error is that must be corrected.
in trading we can't just theorize we have to be brave to try so that with a lot of experience it will make us better,
In addition to increasing understanding of the market, we need to always improve both knowledge and skills as well
Let me accept this to be true, but some traders are just losing because of the type of trading they are exposed to, some people started as a day trader and scalpers but continuing losing, just like me that started trading since almost two years ago but continue to lose, the loss has been as a result of still lack of knowledge and entering trading at the wrong time, but I do not know when the right time will come that I will make profit than losses. I decided to change to swing trading which is better. Also not everyone are meant to be a scalper or a day trader, swing and patient type of trading can be all what some people should be doing rather than wasting their time and effort and yet losing money on day trading and scalping.
Scalper or day trader is something like kind of trading which is the hardest among the all types of trading which basically means that you couldnt just involved yourself easily or directly without any sufficient experience

because it would really be just resulting into losses since this is  really hard to be done and even myself do still struggle out on doing this despite of being a trader for years already.Just like you i do make out swing/
trend type of trading which is something that could easy to be handled out rather than with scalping. Sometimes it couldnt really be avoided on not to be having that gambler like mind but you would realize
that it isnt really much needed.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Fredomago on March 15, 2022, 06:26:21 PM
I think you are right because being a trader is a part to get to perfection. one needs to have made some mistake that will make them better. If you analyse the crypto market and at the end things couldn't walk in the way you planned it, using the mistake to set pass makes one to understand more about the Market and make proper adjustments next time.
I dont see how you can do such adjustments unless you are day trading which by itself is more risky than spot trading. When day-trading traders use the indicators to understand how market moves, this is called technical analysis and it is only correct in about 50% of the cases. So you can make the decision to stick with day trading or stick to bitcoin long term buying and selling to get profit.

Also the term perfection does not exist in speculative assets. You can develop your methods but the basic concept remains the same. The whole game depends on the timing and patience.
I would say sticking to long term bitcoin buying (and not even selling) is a preferred method for me not only because it has better chances of making money but it is also a lazy method as well. I mean think about it, we are talking about making money by literally doing nothing. You buy bitcoin and ... do nothing. That is a great method and I like doing that.

However if you feel like you are a great trader then you should be going at it, go try some trading and if you are making money from it then keep that going, there is nothing wrong with that, the only downside would be not being a good trader, in which case you could go back to being a hodler.
If you feel comfortable doing the trade, why bother to stop, if you already established a good strategy better to move forward and keep trying to take advantage with how the market behaves, but if you don't have any working strategy, it's also good to buy and hold let your asset be treated for long-term investment.

We all see how big bitcoin become and if the progress continues we never know if how far this asset will be going,

it's your own decision making that will allow you to take good compensations from this market.


Title: Re: A few key points distinguishing traders from gamblers
Post by: TheUltraElite on March 19, 2022, 09:46:35 AM
I would say sticking to long term bitcoin buying (and not even selling) is a preferred method for me not only because it has better chances of making money but it is also a lazy method as well. I mean think about it, we are talking about making money by literally doing nothing. You buy bitcoin and ... do nothing. That is a great method and I like doing that.

However if you feel like you are a great trader then you should be going at it, go try some trading and if you are making money from it then keep that going, there is nothing wrong with that, the only downside would be not being a good trader, in which case you could go back to being a hodler.

Sometimes this approach makes me feel lazy and I dont get that feel that I am actually trading.

So I have my own method to solve this problem. I keep some coins for the long term hold (major fraction) while another part for weekly or monthly trading (minor fraction). The second one I will use to buy low and sell high between 10k USD ranges, like buy at 30k sell at 40k USD. This gives me a monthly profit and this adds to the traders' confidence level in my opinion.

You dont necessarily need to day-trade, go for mid-term with a portion of your holding. A bitcoin enthusiast can be an investor, a trade and a holder, no harm in that. Holding the majority of the assets is also what I recommend, from the previous charts of rise and fall.


Title: Re: A few key points distinguishing traders from gamblers
Post by: gabbie2010 on March 19, 2022, 04:41:41 PM
The gamblers should always get prepared that the market does not work in a way that everyone think it's going to go. Market is unpredictable and those who are gamblers would tend to loss more when things go wrong. Although there is always a urge to leverage more when one thinks the market is going to dance to our tune. I think the newbies trader sometimes do fall in this situation because of weak knowledge about the market.

For newbies, better be ready to lose money in the beginning, I think that is a given fact. You can't simply trade and be 100% on making money. So for me it's good to lose money but at the same time learning through experience. For gamblers, they doesn't care, as long as they think they will profit, they will bet everything they had. As compare to a good trader, wherein he looks for market signals before putting money into the game.
As a newbie trader I got liquidated thrice though I started trading with the amount of money I can afford to lose, I just wanted to test my trading strategy and learn from my mistakes, test my emotions and fears while live trading as well as modify my strategy, it wasn't easy initially when I started however with time and after passing through some learning period, I had started to grasp the whole idea of trading with the aid of Technical Analysis particularly using some repeated candlestick patterns and few indicators which form the core of my trading strategy, I strictly follow my rules and avoided gambling mentality while trading.


Title: Re: A few key points distinguishing traders from gamblers
Post by: shawon01 on March 20, 2022, 03:26:07 PM
What has been noticed here is some truth of their own as far as the past is concerned I really believe traders here at high tide I think it takes both risks and never it alone they take high risk trades I hope here can flow with emotion but  Not all of the traders who can prove their business here are long-term traders here but others here and these are not important here in the end it is supposed to reward them.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Cling18 on March 20, 2022, 04:41:29 PM
distinguishing traders from gamblers is very easy, the trick is if we trade by a rule,
or the trading rule is to analyze, read a fundamental, and update the news, that is a rule to trade well,
but if we ignore it all and trade without having knowledge or skills, then it is gambling, how? you know it yourself

Trading needs skills and knowledge while gambling needs luck. Trading is a long process of learning while gambling needs perfect timing. Things will still depend on how an individual is going to handle these fields because, to be honest, a wise gambler could also apply the positive traits of a smart trader especially if an individual knows how to control and handle his emotions.


Title: Re: A few key points distinguishing traders from gamblers
Post by: LUCKMCFLY on March 20, 2022, 05:42:58 PM
I think you are right because being a trader is a part to get to perfection. one needs to have made some mistake that will make them better. If you analyse the crypto market and at the end things couldn't walk in the way you planned it, using the mistake to set pass makes one to understand more about the Market and make proper adjustments next time.
I dont see how you can do such adjustments unless you are day trading which by itself is more risky than spot trading. When day-trading traders use the indicators to understand how market moves, this is called technical analysis and it is only correct in about 50% of the cases. So you can make the decision to stick with day trading or stick to bitcoin long term buying and selling to get profit.

Also the term perfection does not exist in speculative assets. You can develop your methods but the basic concept remains the same. The whole game depends on the timing and patience.
I would say sticking to long term bitcoin buying (and not even selling) is a preferred method for me not only because it has better chances of making money but it is also a lazy method as well. I mean think about it, we are talking about making money by literally doing nothing. You buy bitcoin and ... do nothing. That is a great method and I like doing that.

However if you feel like you are a great trader then you should be going at it, go try some trading and if you are making money from it then keep that going, there is nothing wrong with that, the only downside would be not being a good trader, in which case you could go back to being a hodler.
If you feel comfortable doing the trade, why bother to stop, if you already established a good strategy better to move forward and keep trying to take advantage with how the market behaves, but if you don't have any working strategy, it's also good to buy and hold let your asset be treated for long-term investment.

We all see how big bitcoin become and if the progress continues we never know if how far this asset will be going,

it's your own decision making that will allow you to take good compensations from this market.

You are right, and I support that motion, if you have already managed to be profitable, that is practically a blessing because having so much profitability is something that not everyone achieves, in fact I think that it is close to being a professional, what happens is that I sense that there is certain mistrust, but for that mistrust it is better to have a controlled risk management only in that way is that you can have total control of your entire balance and make sure you are not going to lose, basically I think that is what you think, and not place all the balance only in q single operation.


Title: Re: A few key points distinguishing traders from gamblers
Post by: stepwilli on March 21, 2022, 09:26:38 PM
distinguishing traders from gamblers is very easy, the trick is if we trade by a rule,
or the trading rule is to analyze, read a fundamental, and update the news, that is a rule to trade well,
but if we ignore it all and trade without having knowledge or skills, then it is gambling, how? you know it yourself
Trading needs skills and knowledge while gambling needs luck. Trading is a long process of learning while gambling needs perfect timing. Things will still depend on how an individual is going to handle these fields because, to be honest, a wise gambler could also apply the positive traits of a smart trader especially if an individual knows how to control and handle his emotions.
I think that is a big myth that gambling relies on luck. I have seen gamblers that can turn pennies into thousands of dollars and it didn't only happen once or twice. They actually have a skill and knowledge, they know how to play the game properly but they can still be called to as gamblers because what they are playing is literally a gambling.

A trader can also be called to as a trader even if he trades randomly or can be considered to as gambling because he just relying on luck to make a profit. Not just in trading but indeed that self control or controlling your emotions is also important in gambling so that you can safely withdraw what you already won.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Benefactor on March 22, 2022, 08:26:52 AM
The most well-known conduct you would have at first is to resemble a player on which you are imprudent in addition to having no gamble the executives or care that much on your funds until you do lost cash. In the event that they use influence, get cash to exchange, they are really speculators. They are betting with the market, with individuals who give their credits, with influence, security liquidation.


Title: Re: A few key points distinguishing traders from gamblers
Post by: MinMan on March 24, 2022, 08:09:26 AM
Unfortunately, most people confuse trading with gambling, When they trade(gamble) and lose money, they blame the market or blame what causes the incompetence and justify it with poor excuses.
It is not easy to be a professional trader, but practice makes you confident in what you do for a job. This is not a guaranteed or comprehensive trading strategy, but the few points are excellent for anyone to be a trader.
The problem with most of these newbies is that they are truly lacking in knowledge on what trading is all about. Most of them feel that trading is something that has to do with luck, but the truth is that this is not what it is all about, before you can succeed as a trader, you need to have a good plan or strategy that is very much reliable.

Trading is not something that you have to be relying on luck, because if you are someone who is going to be relying on being lucky all the time, then you are just going to be wasting your time as a trader because you will keep on losing every time you invest money in the market to trade.


Title: Re: A few key points distinguishing traders from gamblers
Post by: shawon01 on March 24, 2022, 08:50:45 AM
Here they are as much as some of their truth I believe traders and 1 Zara are always one and its gamblers both take risks and sometimes they do not play high risk trades and they leave the fear all the time they are often seen with much bigger risk  They gamble and it is very important to have general knowledge about what kind of tide they need to know.


Title: Re: A few key points distinguishing traders from gamblers
Post by: rojan on March 24, 2022, 02:07:13 PM
I don't think that you should consider short-term trading as gambling because I think that there are successful short-term trading, I would agree with your other points as to what's making someone a gambler, and with all those points, I identify myself as a gambler although I don't believe that trading is like a casino.
From here you must not consider gambling as a short term business because here you can not profit by analyzing data on a daily basis.  If you pray in between, you will see that sometimes you will gain and sometimes you will lose


Title: Re: A few key points distinguishing traders from gamblers
Post by: Kasabus on March 24, 2022, 09:05:49 PM
well, the very big difference i know from gamblers and traders is, gamblers purely expect luck in doing that, while traders are based on analysis, research and also other things to get it. Moreover, in the world of traders you are not risking your money 100%, even when the price drops, you still have the same amount of assets. whereas in gambling, when you lose, you lose everything.
Traders and gamblers share a common thing, both have risks. But traders have their own way to lessen the risk because they make preparations prior to trading. And by making theirselves exposed to technical and fundamental factors in trading, they create higher chances to win their trades. However, gamblers do the opposite thing. They always gamble with no preparations, just pure luck. And when they start to gamble, they mostly go all in. So they end up losing everything.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Quidat on March 24, 2022, 09:14:27 PM
well, the very big difference i know from gamblers and traders is, gamblers purely expect luck in doing that, while traders are based on analysis, research and also other things to get it. Moreover, in the world of traders you are not risking your money 100%, even when the price drops, you still have the same amount of assets. whereas in gambling, when you lose, you lose everything.
Traders and gamblers share a common thing, both have risks. But traders have their own way to lessen the risk because they make preparations prior to trading. And by making theirselves exposed to technical and fundamental factors in trading, they create higher chances to win their trades. However, gamblers do the opposite thing. They always gamble with no preparations, just pure luck. And when they start to gamble, they mostly go all in. So they end up losing everything.
Risks level would be different and we know that when it comes to sustainability then trading would really be giving that out thats why its important that you should
not really having that gambler like mind whenever you do make out trades because it would just really result into a messed up trading analysis.
You should separate that kind of mindset because it would really be never that looks good nor even beneficial thats why you should really be
that careful on handling up yourself.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Vaculin on March 24, 2022, 09:53:02 PM
True, investing and gambling are two completely differen things, but they both include some level of risk and decision-making, notably the danger of losing money in the future. Diversification is one of the most important  ldistinctions between investing and gambling. ç
Investing allows you to diversify your risk across all asset classes, whereas gambt lers put all of their money into a single pot with no risk management in place. With this, you can easily distinguish a trader from a gambler.
This is the reason why traders succeed more than gamblers. Traders are focused more on technicals and fundamentals that becomes the bases for their decision making while gamblers stick to pure luck and and create decisions without solid bases and established analysis.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Rengga Jati on March 24, 2022, 11:39:21 PM
It is not easy to be a professional trader, but practice makes you confident in what you do for a job. This is not a guaranteed or comprehensive trading strategy, but the few points are excellent for anyone to be a trader.
To be a professional trader needs more experience, knowledge, and also other elements that enhance us with a similar strategy, solution, right decision, and also wise trading concepts. Sometimes, we are as a beginner only following other people's signals and we are lying on their signal only without any analysis. Moreover, they don't know exactly also when the right time to use the signal or even they don't understand how the signal works exactly. They only set order buy or sell, or take the position of short or long at one time, without any further analysis of the coin or token that they want to trade, the real-time market price right now, and also the sudden information. That's more called gamblers. Moroever if they don't know how to choose the coins that fit them for trading, only trial and error, or even only paying attention to the probabilities of winning, laying on the luck this is gambling.

This is the reason why traders succeed more than gamblers. Traders are focused more on technicals and fundamentals that becomes the bases for their decision making while gamblers stick to pure luck and and create decisions without solid bases and established analysis.
Yes exactly, traders will always consider to use these analysis both fundamentally and technically, and also other further deeper analyses.
They also will set the price and other indicators based on the analysis, not based only the high speculation only.


Title: Re: A few key points distinguishing traders from gamblers
Post by: rojan on March 25, 2022, 02:47:56 AM
distinguishing traders from gamblers is very easy, the trick is if we trade by a rule,
or the trading rule is to analyze, read a fundamental, and update the news, that is a rule to trade well,
but if we ignore it all and trade without having knowledge or skills, then it is gambling, how? you know it yourself
If you want to tag, all you have to do is have some idea about cryptocurrency and you need luck for Raju and a long process of testing and learning when you need time to gamble, things still depend on your personality.  How do you manage the fields? To be honest, an intelligent Azhari can apply a smart business positive, especially if the person here knows how to control their emotions.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Fredomago on March 25, 2022, 05:08:53 PM
well, the very big difference i know from gamblers and traders is, gamblers purely expect luck in doing that, while traders are based on analysis, research and also other things to get it. Moreover, in the world of traders you are not risking your money 100%, even when the price drops, you still have the same amount of assets. whereas in gambling, when you lose, you lose everything.
Traders and gamblers share a common thing, both have risks. But traders have their own way to lessen the risk because they make preparations prior to trading. And by making theirselves exposed to technical and fundamental factors in trading, they create higher chances to win their trades. However, gamblers do the opposite thing. They always gamble with no preparations, just pure luck. And when they start to gamble, they mostly go all in. So they end up losing everything.

Not in general, I mean, there are also gamblers who creates their strategy and make sure to follow in order to take advantages, experienced gamblers are same with experienced traders, they are good in analysing the possibilities, with hands on experienced they also anticipate how would be the turnaround of their gambling. But unlike with trading, there are many aspects that influence the market while with gambling, most of the time it's luck that influenced the wins.

High-risk if you just simply put your position and not to study how the business works, trading can be learned while in gambling just like what I just said, more on luck base to win.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Lanatsa on March 25, 2022, 07:55:12 PM
distinguishing traders from gamblers is very easy, the trick is if we trade by a rule,
or the trading rule is to analyze, read a fundamental, and update the news, that is a rule to trade well,
but if we ignore it all and trade without having knowledge or skills, then it is gambling, how? you know it yourself
If you want to tag, all you have to do is have some idea about cryptocurrency and you need luck for Raju and a long process of testing and learning when you need time to gamble, things still depend on your personality.  How do you manage the fields? To be honest, an intelligent Azhari can apply a smart business positive, especially if the person here knows how to control their emotions.
You are the ones who would able to realize it for yourself on what you should gonna do with your trading whether you would really be acting like a gambler or would totally be mindful about being an investor?

It do matters on your own actions and mindset because you wont really be making out risk movements or no basis type of decisions if you do really give out importance of the funds you are using up now.

If you do like to sustain then you should really be that keen on making movement without any analysis or being mindful on actions because one wrong move would really be a mistake if you are not that good.


Title: Re: A few key points distinguishing traders from gamblers
Post by: JunkieMiner on March 25, 2022, 08:09:10 PM
There is a little difference in the the thinking of the traders because there are many traders who are just traders not gamblers but they way they want to earn more and more money in a less time, that gradually their habit converts into gambling through different circumstances, there are many traders which work with consistency and got their profit.


Title: Re: A few key points distinguishing traders from gamblers
Post by: livingfree on March 25, 2022, 09:05:00 PM
There is a little difference in the the thinking of the traders because there are many traders who are just traders not gamblers but they way they want to earn more and more money in a less time, that gradually their habit converts into gambling through different circumstances, there are many traders which work with consistency and got their profit.
Both want to earn money.

The difference is there are gamblers that play luck-based games and they rely their lives on it. Although there are games like sports betting which is like trading that you can use analysis through news and speculations.

In trading, there's an actual basis and you can read charts depending on your strategy. And as you've said, they're relying on their consistency and don't get attacked by their emotion. Because if they allow that, they'll lose a lot with a little wrong move that they allow to happen.


Title: Re: A few key points distinguishing traders from gamblers
Post by: TheUltraElite on March 26, 2022, 10:23:20 AM
There is a little difference in the the thinking of the traders because there are many traders who are just traders not gamblers but they way they want to earn more and more money in a less time, that gradually their habit converts into gambling through different circumstances, there are many traders which work with consistency and got their profit.
Nah you got it all messed up. The traders who actually end up as traders are the ones who never had the gambler mindset, because those who did would have incurred so much losses that they would have stopped trading. It is a type of survivor-ship bias working here.

While the gambling aspect of trading is the margin and leverage trading, these things become more popular when the market goes in to stagnant mode. Spot becomes more popular when there are big swings in price. Either way both want to take money but the importance is the long term followup, where the first group fails in being able to hold out for long while the second group does survive.


Title: Re: A few key points distinguishing traders from gamblers
Post by: BigBos on March 26, 2022, 10:49:30 AM
for extra points. for people trading in the crypto world, most of the assets to choose from are assets owned by large companies. however, the price of the asset moves based on demand and need. Because of this, the basis of trading is analysis from various sources, while gambling is analysis based on luck. In addition, a loss in gambling is a 100% loss of assets, while a loss in trading is simply a loss of the value of the assets that we have with the same amount, and there is still a high possibility for the price to return.


Title: Re: A few key points distinguishing traders from gamblers
Post by: henmark on March 26, 2022, 07:29:55 PM
Chasing markets and rushing the process is not what real traders do. Instead, they follow their plan and wait for the price to play out and match their entry criteria before executing. Nonetheless, gamblers like to overtrade, open positions based on nothing, make biased decisions.
It is very important that traders get to know that they don’t have to get into trading except when a few of their criteria are met. Trading is not gambling and it is not something that you just get on with without having criteria that should be met before you start your trading. This is why anyone who wants to be a trader has to learn first and after you have learnt and developed a strategy that works perfectly you then have to know what should be met before you start your trading with that strategy and have it being successful. Every strategy works, but you have to know when.

there are also gamblers who creates their strategy and make sure to follow in order to take advantages, experienced gamblers are same with experienced traders, they are good in analysing the possibilities, with hands on experienced they also anticipate how would be the turnaround of their gambling.
This is just what I had in my mind. Even gambling requires strategies. There are lots of gamblers who always analyze their games and they take their time to learn it and be really good at it before they start playing it. Same way that trading requires that a trader has to learn and develop a good strategy for them to be successful is the same way that gambling also requires that you learn it and have strategies that would work for you. But, as you have also pointed out, it is mainly on luck that gambling runs on, while trading is mainly based on having a good strategy that would work. Both are similar in some ways.


Title: Re: A few key points distinguishing traders from gamblers
Post by: stomachgrowls on March 26, 2022, 07:36:58 PM
for extra points. for people trading in the crypto world, most of the assets to choose from are assets owned by large companies. however, the price of the asset moves based on demand and need. Because of this, the basis of trading is analysis from various sources, while gambling is analysis based on luck. In addition, a loss in gambling is a 100% loss of assets, while a loss in trading is simply a loss of the value of the assets that we have with the same amount, and there is still a high possibility for the price to return.
As long you dont realized those losses then it would be still have the chance of recovery when you do simply hold it but patience would really be your main enemy on this one and unless you do involved

with future/leverage trades then you cant really be liquidated as long you dont close up such trade and thats the difference in between gambling in talks of recovery which cant be possible when you are
actually playing on other thing.The similarities in speaking with being a gambler is on the times that you do took up some risks because of some gut feeling or intuition or simply you dont have
any idea on what would be your next move.


Title: Re: A few key points distinguishing traders from gamblers
Post by: shawon01 on March 27, 2022, 02:00:52 PM
The gamblers should always get prepared that the market does not work in a way that everyone think it's going to go. Market is unpredictable and those who are gamblers would tend to loss more when things go wrong. Although there is always a urge to leverage more when one thinks the market is going to dance to our tune. I think the newbies trader sometimes do fall in this situation because of weak knowledge about the market.

For newbies, better be ready to lose money in the beginning, I think that is a given fact. You can't simply trade and be 100% on making money. So for me it's good to lose money but at the same time learning through experience. For gamblers, they doesn't care, as long as they think they will profit, they will bet everything they had. As compare to a good trader, wherein he looks for market signals before putting money into the game.
I think you are right because being a trader is a part to get to perfection. one needs to have made some mistake that will make them better. If you analyse the crypto market and at the end things couldn't walk in the way you planned it, using the mistake to set pass makes one to understand more about the Market and make proper adjustments next time.
What we can see from here is that if we try as hard as we can to understand from here where to fix it, we can't just focus on trading.  And what we can see here is that in addition to improving our qualifications in the market, we need to improve our knowledge and the world here so that we can be successful.


Title: Re: A few key points distinguishing traders from gamblers
Post by: barbara44 on March 27, 2022, 02:42:21 PM
there are also gamblers who creates their strategy and make sure to follow in order to take advantages, experienced gamblers are same with experienced traders, they are good in analysing the possibilities, with hands on experienced they also anticipate how would be the turnaround of their gambling. But unlike with trading, there are many aspects that influence the market while with gambling, most of the time it's luck that influenced the wins.

High-risk if you just simply put your position and not to study how the business works, trading can be learned while in gambling just like what I just said, more on luck base to win.
Yeah, like when we play a dice game, we cant simply bet and roll the dice at the default settings or multiplier which is 2x because most of the times we can lose in an instant but a skilled gambler will modify the setting and use a different multiplier to lessen the risk of losing and to greatly increase his chance of winning but no matter how you follow your start, losing is sometimes unavoidable and the same thing can happen to a high skilled trader, they can experience to lose too even if they are not completely gambling or relying on luck.

All of us know the difference between the gambler and the trader but we sometimes relate one another because they have similarities.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Desmong on March 28, 2022, 06:58:31 PM

What has been noticed here is some truth of their own as far as the past is concerned I really believe traders here at high tide I think it takes both risks and never it alone they take high risk trades I hope here can flow with emotion but  Not all of the traders who can prove their business here are long-term traders here but others here and these are not important here in the end it is supposed to reward them.
Trading is very risky with high risk and low rewards. Any person aspiring to be trader needs to be proactive and prepared to make losses. The learning phases is never easy becoming a trader. One needs to have made some mistake that will make them better. If you analyse the crypto market and at the end things couldn't walk in the way you planned it, using the mistake to set pass makes one to understand more about the Market and make proper adjustments next time.


Title: Re: A few key points distinguishing traders from gamblers
Post by: KennyR on March 28, 2022, 11:39:41 PM
there are also gamblers who creates their strategy and make sure to follow in order to take advantages, experienced gamblers are same with experienced traders, they are good in analysing the possibilities, with hands on experienced they also anticipate how would be the turnaround of their gambling. But unlike with trading, there are many aspects that influence the market while with gambling, most of the time it's luck that influenced the wins.

High-risk if you just simply put your position and not to study how the business works, trading can be learned while in gambling just like what I just said, more on luck base to win.
Yeah, like when we play a dice game, we cant simply bet and roll the dice at the default settings or multiplier which is 2x because most of the times we can lose in an instant but a skilled gambler will modify the setting and use a different multiplier to lessen the risk of losing and to greatly increase his chance of winning but no matter how you follow your start, losing is sometimes unavoidable and the same thing can happen to a high skilled trader, they can experience to lose too even if they are not completely gambling or relying on luck.

All of us know the difference between the gambler and the trader but we sometimes relate one another because they have similarities.
Both have got similarities in terms of risk. Trading is low risky whereas gambling is high risk. When you gamble, you make a bet and the result will be a win or loss. With trading you make a trade and here you won't experience complete loss, which means the market decline will get reduced from the capital. With gambling the capital gets lost.

What is being said above as changing of default settings or making the bets varying the winning chance were the strategy. It can be learnt out of experience. With trading skills and continued learning is a must whereas with gambling luck is enough to win.


Title: Re: A few key points distinguishing traders from gamblers
Post by: tygeade on March 29, 2022, 07:01:15 PM
like when we play a dice game, we cant simply bet and roll the dice at the default settings or multiplier which is 2x because most of the times we can lose in an instant but a skilled gambler will modify the setting and use a different multiplier to lessen the risk of losing and to greatly increase his chance of winning but no matter how you follow your start, losing is sometimes unavoidable and the same thing can happen to a high skilled trader, they can experience to lose too even if they are not completely gambling or relying on luck.

All of us know the difference between the gambler and the trader but we sometimes relate one another because they have similarities.
That is what the regular good trader would do as well. They would arrange a strategy that would perfectly fit for their goals and characters and they would focus on that but not only do that forever, but also improve that and change it according to market requirements of the day as well.

A bad one will find something (like martingale) and then copy that and try to do that forever until they lose all of their money and then complain that the game is rigged. A good trader also knows, and not predicts by the way literally knows, that there are losses in trading and anticipates that, which would result with you having a bit of a good return eventually.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Quidat on March 29, 2022, 07:22:30 PM

What has been noticed here is some truth of their own as far as the past is concerned I really believe traders here at high tide I think it takes both risks and never it alone they take high risk trades I hope here can flow with emotion but  Not all of the traders who can prove their business here are long-term traders here but others here and these are not important here in the end it is supposed to reward them.
Trading is very risky with high risk and low rewards. Any person aspiring to be trader needs to be proactive and prepared to make losses. The learning phases is never easy becoming a trader. One needs to have made some mistake that will make them better. If you analyse the crypto market and at the end things couldn't walk in the way you planned it, using the mistake to set pass makes one to understand more about the Market and make proper adjustments next time.

I dont believe for having low rewards because it would really be depending on some factors or how much you had put up on a particular position whether it is big or small then it would really vary on that
plus on the factor of those price increase or gains on percentage form then it would really be on that way.Risk is there but unlike gambling which it is more higher and not really sustainable for long term
thats why its not ideal nor a good move on considering on having a gambler like mind when you are dealing with trading because thats not how it works.


Title: Re: A few key points distinguishing traders from gamblers
Post by: gamer4156 on March 30, 2022, 08:03:41 AM
The most well-known conduct you would have at first is to resemble a player on which you are incautious in addition to having no gamble the executives or care that much on your funds until you do lost cash. They are betting with the market, with individuals who give their advances, with influence, security liquidation.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Oshosondy on March 30, 2022, 08:45:29 AM
plus on the factor of those price increase or gains on percentage form then it would really be on that way.Risk is there but unlike gambling which it is more higher and not really sustainable for long term
thats why its not ideal nor a good move on considering on having a gambler like mind when you are dealing with trading because thats not how it works.
It is right that gambling and trading are not the same, but the losses can be the same, some traders, especially new traders also trade in a way they are gambling, no speculation or analyses than just gambling but thinking they are trading. The losses in trading can be significant. But for experts, the losses can be insignificant and can be nothing if compared to the net profit, but at times, market can go a wrong direction in a way even expert traders can lose.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Finestream on March 30, 2022, 08:36:34 PM
I don't know how it makes it hard to distinguish a trader from gambling as obviously the two is different and even we know what we really are be doing.

Trader- often to make a trade, buy and sell, and make a profit from the market. Requires knowledge and skills in order to make a profit.
Gambler - that is clearly betting. It requires knowledge and skills as well but what makes this being bold is that we need luck in order to win.


You are right mate. Traders and gamblers are very different so one should not mistakenly call a trader a gambler, or a gambler as a trader. Traders need to be more good in fundamentals and technicals so he can come up with a good market pattern analysis because that will determine when to trade. However, gamblers can gamble any time they want. As long as they think the luck is there, everything good will follow. 


Title: Re: A few key points distinguishing traders from gamblers
Post by: Viscore on March 30, 2022, 09:55:49 PM
When one is into trading his mind needs to focus on long term profiting than quick earning. Trader with the gambling mentality can't make profit out of trades. It is well said, a gambler easily gets emotional after loss, which doesn't suits with trading. The traders try to make something out of the market moves, whereas gamblers look for luck than following strategies.

I find both form of traders to be successful, but the percentage differs. The success rate of a trader against a gamble mentality trader will be like 85:15
Traders are more on long term profiting so they should need more knowledge and skills to sustain their trades and end up being successful. This is why they have to focus more on analyzing the market patterns because that will be their bases when to trade as long as they see the market is stable. However, gamblers always aim for quick profits and so they tend to lose their capital too quickly compared to traders. They may have prior knowledge and skills in gambling but they mostly depend on luck whenever they start betting.


Title: Re: A few key points distinguishing traders from gamblers
Post by: DoublerHunter on March 30, 2022, 10:20:19 PM
When one is into trading his mind needs to focus on long term profiting than quick earning. Trader with the gambling mentality can't make profit out of trades. It is well said, a gambler easily gets emotional after loss, which doesn't suits with trading. The traders try to make something out of the market moves, whereas gamblers look for luck than following strategies.

I find both form of traders to be successful, but the percentage differs. The success rate of a trader against a gamble mentality trader will be like 85:15
Traders are more on long term profiting so they should need more knowledge and skills to sustain their trades and end up being successful. This is why they have to focus more on analyzing the market patterns because that will be their bases when to trade as long as they see the market is stable. However, gamblers always aim for quick profits and so they tend to lose their capital too quickly compared to traders. They may have prior knowledge and skills in gambling but they mostly depend on luck whenever they start betting.
^ Incompetent traders also consider as they are gambling, they are based on luck, not on their skills.
That is why traders should be skillful always in the market movement, through fundamental and technical analysis you can draw a conclusion of making such a prediction, though there is no assurance of having an accurate result at least, possible you can point out the possible direction of the price. However, traders and gamblers have the same aiming profit and the same taking a risk.


Title: Re: A few key points distinguishing traders from gamblers
Post by: BuNga_cute on March 30, 2022, 10:33:34 PM
When one is into trading his mind needs to focus on long term profiting than quick earning. Trader with the gambling mentality can't make profit out of trades. It is well said, a gambler easily gets emotional after loss, which doesn't suits with trading. The traders try to make something out of the market moves, whereas gamblers look for luck than following strategies.

I find both form of traders to be successful, but the percentage differs. The success rate of a trader against a gamble mentality trader will be like 85:15
Traders are more on long term profiting so they should need more knowledge and skills to sustain their trades and end up being successful. This is why they have to focus more on analyzing the market patterns because that will be their bases when to trade as long as they see the market is stable. However, gamblers always aim for quick profits and so they tend to lose their capital too quickly compared to traders. They may have prior knowledge and skills in gambling but they mostly depend on luck whenever they start betting.

It's true that in trading we must have knowledge, because trading without knowledge can be gambling, because we will only rely on luck.
Therefore, if we want to become successful traders, we must improve our knowledge and skills in reading the market. A trader always has
a plan before making a trade, so the trader already knows what to do when the unexpected happens. While gamblers usually just play without
any planning, let our luck decide. Then you are absolutely right that a trader does not need to make profits in a hurry, a trader must be more
patient to get profits. Therefore sometimes a trader can wait in the long term in order to make a profit, while gamblers usually want instant profit.
Because there is a concept like this in the trading world if the market goes down and we haven't sold it, it means we haven't made a loss,
so patience is important in trading.


Title: Re: A few key points distinguishing traders from gamblers
Post by: jaberwock on March 31, 2022, 12:56:15 PM
I dont believe for having low rewards because it would really be depending on some factors or how much you had put up on a particular position whether it is big or small then it would really vary on that
plus on the factor of those price increase or gains on percentage form then it would really be on that way.Risk is there but unlike gambling which it is more higher and not really sustainable for long term
thats why its not ideal nor a good move on considering on having a gambler like mind when you are dealing with trading because thats not how it works.
A small capital can grow big for an advanced or pro trader but no matter how big the capital is but the trader is inexperienced or a newbie, it will mostly end up losing. There are long term trades aside from short term but in gambling I think that is right that it's not sustainable in the long run because from my long time experience in gambling, I always lose if I stay playing for a longer time, that is why I always try to secure or withdraw my winnings if ever I have already won a decent amount.

It's okay to have a gambler mind because it can make you hungry for success but you should equipped yourself first with knowledge.


Title: Re: A few key points distinguishing traders from gamblers
Post by: Bamjos on April 02, 2022, 07:44:50 PM
In my little experience, I've seen traders who were serious about trading and still exhibited some of the gambling attributes listed here (especially at their early stage of learning and practicing), some couldn't deal with their emotions, and that's why I've come to realise that traders shouldn't only learn trading strategies but should also learn trading ethics and psychology.