A few key points distinguishing traders from gamblers

[Rengga Jati]

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.

[rojan]

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.

[Fredomago]

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.

[Lanatsa]

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.

[JunkieMiner]

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.

[livingfree]

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.

[TheUltraElite]

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.

[BigBos]

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.

[henmark]

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.

[stomachgrowls]

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.

[shawon01]

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.

[barbara44]

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.

[Desmong]

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.

[KennyR]

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.

[tygeade]

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.

[Quidat]

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.

[gamer4156]

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.

[Oshosondy]

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.

[Finestream]

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. 

[Viscore]

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.