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Author Topic: Do you consider trading as gambling?  (Read 46526 times)
richmcrich
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October 07, 2016, 07:30:09 PM
 #1181

I agree that sports betting, poker and blackjack are skill base games; I don't know why they consider it is gambling games:D. It is not only dice that strategy won't work, but there is also this roulette, scratch games, lotto games, and scratch.  These games are all luck base games others called it chance games.
Even with skill based games and gambling, you still need your luck favors you in order to have more chances to win some profits. Similarly, in trading also we need our luck to favor us so that we get right timing to open position and book profits.

But, overall I never consider trading as gambling because trading is not that much fully dependent on luck factor.

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October 07, 2016, 08:52:50 PM
 #1182

to me gambling is some thing different from trading, trading is less risky than gambling, gambling is totally a game of luck while in trading you must have good knowledge about the product and must have good trading skill.

I do not think its less more risky because in my eyes it stays almost even risky to do, gambling is very risky if you are asking me, it has maybe some more options so maybe a little less more risky but its stays almost the same in my eyes..
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October 07, 2016, 10:26:47 PM
 #1183

Yes, trading can be considered gambling as both need luck because markets may go against us and during that situation, we cannot do anything. The only advantage we get here is we are able to cut the losses by getting out earlier, while in gambling, once it goes, it never comes back.
True trading can be considered as gambling too where both need to waste money and risk money you cant say that you dont need to waste money there you need luck and you will know what to do
But, the risk levels in trading is minimum compared to gambling as trading allows us to use our knowledge in time to time. But, if we are extremely lucky, we can trade in gambling-way like without any research and analysis, we will be able to book profit in trading. Maybe that is the reason people are calling trading also a gambling.

Well, if you trade without reading anything or doing some research then that is definitely gambling, since you are just putting your money on the table and hoping for the best.


It's even worth than gambling, because in casino you know the odds of each bet, but in blind trading you have no idea what's going on, you can't say that chance of price of going up or down is 50%.

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October 08, 2016, 02:47:34 AM
 #1184

Yes, trading can be considered gambling as both need luck because markets may go against us and during that situation, we cannot do anything. The only advantage we get here is we are able to cut the losses by getting out earlier, while in gambling, once it goes, it never comes back.
True trading can be considered as gambling too where both need to waste money and risk money you cant say that you dont need to waste money there you need luck and you will know what to do
But, the risk levels in trading is minimum compared to gambling as trading allows us to use our knowledge in time to time. But, if we are extremely lucky, we can trade in gambling-way like without any research and analysis, we will be able to book profit in trading. Maybe that is the reason people are calling trading also a gambling.

Well, if you trade without reading anything or doing some research then that is definitely gambling, since you are just putting your money on the table and hoping for the best.


It's even worth than gambling, because in casino you know the odds of each bet, but in blind trading you have no idea what's going on, you can't say that chance of price of going up or down is 50%.
Blindly trading is like gambling base on your luck. And that is not good if you want to succeed in trading, you cannot make profit in the long run, you need to exert some effort for you to be successful in trading and do the right research and learn from your mistakes by improving your method.

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October 08, 2016, 07:58:16 PM
 #1185

I agree that sports betting, poker and blackjack are skill base games; I don't know why they consider it is gambling games:D. It is not only dice that strategy won't work, but there is also this roulette, scratch games, lotto games, and scratch.  These games are all luck base games others called it chance games.
Even with skill based games and gambling, you still need your luck favors you in order to have more chances to win some profits. Similarly, in trading also we need our luck to favor us so that we get right timing to open position and book profits.

But, overall I never consider trading as gambling because trading is not that much fully dependent on luck factor.
If you are gambler that plays a game of skill and you are good a t it and are able to obtain profits out of it then there’s no doubt that streaks of bad luck will come your way but eventually things will go back to normal, you must remember that even the best traders have some bad luck too.



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October 08, 2016, 09:00:07 PM
 #1186

Yes I do, but both have their own limitations and boundaries set and goals in each category are different as compared to each other...
Under some circumstances, trading might let you get out without losing everything but in gambling, you may not get that chance...

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October 08, 2016, 09:28:57 PM
 #1187

no i do not consider trading as gambling there is a big difference between the two, trading is a little safer that gambling, trading always give you a chance of recovery, while gambling do not give you any chance of recovery.
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October 08, 2016, 09:31:55 PM
 #1188

Yes I do, but both have their own limitations and boundaries set and goals in each category are different as compared to each other...
Under some circumstances, trading might let you get out without losing everything but in gambling, you may not get that chance...

In my own opinion although both have some level of risk attached, but they are not the same. In the case of gambling the element of skill is of limited importance which makes the risk of losing so high compared to winning and sometimes it could be as much as 95:5% but trading on the otherhand gives room for skill which will reduce the risk of losing to a minimal level which does not amount to eradication...
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October 08, 2016, 10:15:39 PM
 #1189

no i do not consider trading as gambling there is a big difference between the two, trading is a little safer that gambling, trading always give you a chance of recovery, while gambling do not give you any chance of recovery.

But trading is still a zero sum game, meaning that someone's profit is another man's loss. So it's not safer than gambling by default, in fact you need a lot of experience and knowledge and even some talent to be able to trade successfully.

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October 09, 2016, 12:06:59 AM
 #1190

to me gambling is some thing different from trading, trading is less risky than gambling, gambling is totally a game of luck while in trading you must have good knowledge about the product and must have good trading skill.

I do not think its less more risky because in my eyes it stays almost even risky to do, gambling is very risky if you are asking me, it has maybe some more options so maybe a little less more risky but its stays almost the same in my eyes..

But you understood wrongly because gambling is not for making money and just to have a fun so there is not point that it is risky unless you use gambling to make a profit then it is very risky. If you have some skills and go for long trades then it is more safer to make a money from trading. Both are different if you use it correctly.

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October 09, 2016, 12:26:17 AM
 #1191

Yes, I'd say the two are the same, and especially altcoin trading.  That is about as risky an *investment* class as you can get.  Gaining or losing is just about the same as rolling the dice, and probably you have worse odds.  Trading other things like stocks and bonds, maybe not.  People do that for a living on Wall Street, and you don't necessarily have to have a gambling mentality.  It's a gray area for sure.

But OP, you said you're a gambler.  If that's the case, the most salient aspect of this argument is how you're going to approach trading, which is likely the way a gambler would.  So for you, they're going to be the same thing.

If the original Backside walkaround can prove to me they are the old owner of this account, I can update the email address to the email address of their choosing.
Backside walkaround has lost access to their account as they used someone else's email address to sign up, and the owner of the email address got tired of random email notifications from this site after a few months and reset the password.
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October 09, 2016, 12:49:24 AM
 #1192

to me gambling is some thing different from trading, trading is less risky than gambling, gambling is totally a game of luck while in trading you must have good knowledge about the product and must have good trading skill.

I do not think its less more risky because in my eyes it stays almost even risky to do, gambling is very risky if you are asking me, it has maybe some more options so maybe a little less more risky but its stays almost the same in my eyes..

But you understood wrongly because gambling is not for making money and just to have a fun so there is not point that it is risky unless you use gambling to make a profit then it is very risky. If you have some skills and go for long trades then it is more safer to make a money from trading. Both are different if you use it correctly.
In overall that is really what gambling are suppose to be, it is very hard to win here in the long run as in the first place most of us does not have a decent bankroll to start, let us take for example sports betting as people said it can be learn and strategy would work but there are a lot of factors to be considered and one of that is the bankroll.

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October 09, 2016, 05:44:25 AM
 #1193

to me gambling is some thing different from trading, trading is less risky than gambling, gambling is totally a game of luck while in trading you must have good knowledge about the product and must have good trading skill.

I do not think its less more risky because in my eyes it stays almost even risky to do, gambling is very risky if you are asking me, it has maybe some more options so maybe a little less more risky but its stays almost the same in my eyes..

But you understood wrongly because gambling is not for making money and just to have a fun so there is not point that it is risky unless you use gambling to make a profit then it is very risky. If you have some skills and go for long trades then it is more safer to make a money from trading. Both are different if you use it correctly.
In overall that is really what gambling are suppose to be, it is very hard to win here in the long run as in the first place most of us does not have a decent bankroll to start, let us take for example sports betting as people said it can be learn and strategy would work but there are a lot of factors to be considered and one of that is the bankroll.

Having  enough  bankroll would  be the  one of the most  important thing when you intend to gamble  because    you could  easily adjust   the  amount of bet and desired amount of  possible winning  outcomes. The  more you risk the  more you profit but still dont  forget that you would   also lose that amount. Trading is also called  gambling  in terms of money  oyu risk but you could somehow  lessen the risk if you  trade smartly.

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October 09, 2016, 06:21:21 AM
 #1194

I never tried trading nor gambling so i dont have any idea to share what the difference between that too but hoping soon i will make my first move to do trading and gambling i already read those gambling website where i can start playing it and the mechanics are really looks good and in trading im going to ask my friend who are trader since 2014 i think he got some ideas to share with me hope so.
Well, since you have no idea you are suppose not to participate on the discussion because you are off topic, but in any you have a relative discussion somehow, my suggestion to you is that you should try both so you will know the difference and you will become a certified risk taker.

He might be  off topic but  the thought  regarding  to the topic does  connects which somehow understandable.  You should  try those things  so that you would not be  so innocent in this  world. lol.  Trading and  gambling are common things here, if you dont know those things then, where are you after all this time?  Grin
Thanks to both of you i am now a certified risk taker im now a trader where i trade my bitcoin into another alternative coins wher the feelings to earn money there is really great and im trying to play in gambling website too when im too bored at trading exchanges site im not that greedy but it really feels me more thrill
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October 09, 2016, 06:37:46 AM
 #1195

I never tried trading nor gambling so i dont have any idea to share what the difference between that too but hoping soon i will make my first move to do trading and gambling i already read those gambling website where i can start playing it and the mechanics are really looks good and in trading im going to ask my friend who are trader since 2014 i think he got some ideas to share with me hope so.
Well, since you have no idea you are suppose not to participate on the discussion because you are off topic, but in any you have a relative discussion somehow, my suggestion to you is that you should try both so you will know the difference and you will become a certified risk taker.

He might be  off topic but  the thought  regarding  to the topic does  connects which somehow understandable.  You should  try those things  so that you would not be  so innocent in this  world. lol.  Trading and  gambling are common things here, if you dont know those things then, where are you after all this time?  Grin
Thanks to both of you i am now a certified risk taker im now a trader where i trade my bitcoin into another alternative coins wher the feelings to earn money there is really great and im trying to play in gambling website too when im too bored at trading exchanges site im not that greedy but it really feels me more thrill
if you combined the two and get lucky stop gambling and focus only with trading i think gambling will entertained you at the start but ruined everything when you got addicted, take care of your assets and your btc.

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October 09, 2016, 06:42:36 AM
 #1196

no i do not consider trading as gambling there is a big difference between the two, trading is a little safer that gambling, trading always give you a chance of recovery, while gambling do not give you any chance of recovery.

But trading is still a zero sum game, meaning that someone's profit is another man's loss. So it's not safer than gambling by default, in fact you need a lot of experience and knowledge and even some talent to be able to trade successfully.
pretty simple to consider trading as gambling , those people who have no idea about how to trading properly are people who gamble on trading , and those people who have tons of experience like a pro , they are the real trader and it's not gamble at all.

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October 09, 2016, 08:02:29 AM
 #1197

no i do not consider trading as gambling there is a big difference between the two, trading is a little safer that gambling, trading always give you a chance of recovery, while gambling do not give you any chance of recovery.

But trading is still a zero sum game, meaning that someone's profit is another man's loss. So it's not safer than gambling by default, in fact you need a lot of experience and knowledge and even some talent to be able to trade successfully.
pretty simple to consider trading as gambling , those people who have no idea about how to trading properly are people who gamble on trading , and those people who have tons of experience like a pro , they are the real trader and it's not gamble at all.
Exactly, they only rely on what people will say and just follow that will succeed in the long run as we need knowledge and skills than luck in trading, they are gambling in the sense that they are only on the temporary wins and not consistent in making money.

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October 09, 2016, 08:08:35 AM
 #1198

no i do not consider trading as gambling there is a big difference between the two, trading is a little safer that gambling, trading always give you a chance of recovery, while gambling do not give you any chance of recovery.

But trading is still a zero sum game, meaning that someone's profit is another man's loss. So it's not safer than gambling by default, in fact you need a lot of experience and knowledge and even some talent to be able to trade successfully.
pretty simple to consider trading as gambling , those people who have no idea about how to trading properly are people who gamble on trading , and those people who have tons of experience like a pro , they are the real trader and it's not gamble at all.
Exactly, they only rely on what people will say and just follow that will succeed in the long run as we need knowledge and skills than luck in trading, they are gambling in the sense that they are only on the temporary wins and not consistent in making money.
thats the problem not knowing what you are in to you are gambling because you don't know what will happen to your asset but if you are really serious with doing reserch you are not risking your money you are just giving time to your asset and giving more room for progress. long wait means profits if you are supporting real project though.

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October 09, 2016, 08:14:56 AM
 #1199

As my investigation right now or based on my experience this past few weeks i considered that all activities like uhm trading , gambling , and investing are needs to take risk, Because of your are not going to take those risk you can't able to grow your bitcoins , You need to take those high risk sometimes if you really want to grow your bitcoin i considered that trading as gambling too where we could lose money there but it can be minimize because we can sell it for the half price.



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October 09, 2016, 08:35:00 AM
 #1200

As my investigation right now or based on my experience this past few weeks i considered that all activities like uhm trading , gambling , and investing are needs to take risk, Because of your are not going to take those risk you can't able to grow your bitcoins , You need to take those high risk sometimes if you really want to grow your bitcoin i considered that trading as gambling too where we could lose money there but it can be minimize because we can sell it for the half price.
well if you are not hurrying up you can still wait for the price rebound unlike in gambling after losing your money you need to place bet again, while in trading if you are supporting good quality project there's always possibility to regain your loses.

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