Luck is what you need in gambling but you have to get to work with trading

[tjtonmoy]

Only those who trade based on their luck will compare trading with gambling or say that they are the same thing. They live in their comfort zone and never want's to learn new things. That is why they think that way.
Trading is not for everyone because it's not an easy task to do. While gambling is so easy that anyone can do it. Trading requires skills, analysis, understanding of sentiments, long term planning. But in gambling, your skills and analysis does not have any effects. Gambling is a win or lose situation, where in trading we can take risk management and control on how much we are willing to lose.
Uncertainty and luck are the main things in gambling. But in trading we need knowledge, experience, skills. So in order to gain them, we need to work our a**s off. So yeah, I agree with OP. While gambling and trading might overlap on certain situation, they are totally different things.

[Lanatsa]

Only those who trade based on their luck will compare trading with gambling or say that they are the same thing. They live in their comfort zone and never want's to learn new things. That is why they think that way.
Trading is not for everyone because it's not an easy task to do. While gambling is so easy that anyone can do it. Trading requires skills, analysis, understanding of sentiments, long term planning. But in gambling, your skills and analysis does not have any effects. Gambling is a win or lose situation, where in trading we can take risk management and control on how much we are willing to lose.
Uncertainty and luck are the main things in gambling. But in trading we need knowledge, experience, skills. So in order to gain them, we need to work our a**s off. So yeah, I agree with OP. While gambling and trading might overlap on certain situation, they are totally different things.

Exactly!

This is what you do primarily thinking or something that you would really be saying about such stuff because on the time that you do make trades but having that gambler like kind of approach then sooner or later
you would really be able to realize their main differences. You would definitely say that trading does need up not just luck but rather that needing hard work and proper analysis which is something
you would be needing when you do trade. Gambling is never that something could be considered to be the same like trading.

Gambling is for fun and trading is for investment/business/income source which you would really be needing to be wise on taking up some decisions in between on which one is really that you needing.
Not all would really be that too dumb on not to notice out these differences which you would be commonly be able to encounter on the time that you would be making dealing or engagement.

[Kasabus]

Only those who trade based on their luck will compare trading with gambling or say that they are the same thing. They live in their comfort zone and never want's to learn new things. That is why they think that way.
Trading is not for everyone because it's not an easy task to do. While gambling is so easy that anyone can do it. Trading requires skills, analysis, understanding of sentiments, long term planning. But in gambling, your skills and analysis does not have any effects. Gambling is a win or lose situation, where in trading we can take risk management and control on how much we are willing to lose.
Uncertainty and luck are the main things in gambling. But in trading we need knowledge, experience, skills. So in order to gain them, we need to work our a**s off. So yeah, I agree with OP. While gambling and trading might overlap on certain situation, they are totally different things.

I have to agree that trading is not for everyone, unlike gambling that only requires luck and then you’re good to go. While in trading you need to stick with the rules and analyze the market well, and even use the best strategies that will work on your trades to ensure profitability, but in gambling everything is based on luck and chances. You may win or lose in the end, not because you have well experienced in gambling, it’s just that some might have been lucky or gone out of luck at the end of the day. That’s why some go home with huge gains while some end up losing all their funds and go home empty pocket.

[Strongkored]

Trading is not gambling. You require luck in gambling but you require work in trading.

What is your thought.

All of your points are correct, but not all traders carry out these points in their trades correctly. This happens for many reasons, either because they start trading because they are tempted by the profits that are obtained by those closest to them who trade, or because they think that trading is easy thing like buy cheap and sell high.
I've even heard of someone teaching not to do stop loss and saying as long as you don't sell at a low price then the trader hasn't lost and this is completely wrong, traders always think the price will go back up and that's the right time to sell and that's a mistake that is often made by many traders, so that eventually trading is seen as gambling because it involves feelings not trading techniques.

[SamReomo]

I have read many discussions about trading and gambling, some people have rather joined the two as gambling. That is not totally true. For traders who agree that trading is same with gambling, they are just lazy to go into work and adopt the ethical way to trade and those are:

1. To cut your losses and increase your profit: You can conveniently do this by using stop loss or take profit adjustment or trailing stop but in gambling, is one straight end once you have gone on the bet, you either loss all you bet or win or you bet for.

2. A trader can adjust his risk appetite by reducing the lots size to suit his account and determine his appropriate leverage but in gambling, a bettor has to go with the odds provided for the gay. He can't reduce or increase it against the fixed odds.

3. Traders use analytical tools to determine what market price will be and wait for appropriate timing but gamblers play by the rules of casino.

Trading is not gambling. You require luck in gambling but you require work in trading.

What is your thought.

Trading and gambling are totally different things and they don't have any relation with each other at all. A trader is a person who has mastered the skill of trading and has gained enough knowledge about the market that he/she could have many profitable trades without any problem. The trading is a conscious thing and it doesn't involve luck as far as I know, because in trading, experience matters not the luck. A trader can earn a lot of money with a good trading strategy and a working plan. A trader can sometimes lose money when the stop-loss is reached, however a trader won't lose the whole capital in a shot if he/she is not leveraging the money as futures trader.

A gambler just gambles and that's the only definition for it. The field of gambling is highly dependent on someone's luck and is very less dependent on someone's skills. There are many casino games which are purely luck oriented and only those people who are lucky could makes profit out of gambling. The gambling is an activity that could cause addiction in the minds of the gamblers while trading doesn't cause any kind of addiction. A gambler throws the money into dust and it could all be wasted or can return with 2x or more, while a trader never throws the money into dust because a trader only places trades when market is according to his/her strategy and trading plan.

[GeorgeJohn]

I have come across this kind of thread before concerning trading and gambling which I know that I make some emphasis there, so therefore gambling is a game of luck likewise trading so both have a similar act in terms of profit making.

[Finestream]

I have read many discussions about trading and gambling, some people have rather joined the two as gambling. That is not totally true. For traders who agree that trading is same with gambling, they are just lazy to go into work and adopt the ethical way to trade and those are:

1. To cut your losses and increase your profit: You can conveniently do this by using stop loss or take profit adjustment or trailing stop but in gambling, is one straight end once you have gone on the bet, you either loss all you bet or win or you bet for.

2. A trader can adjust his risk appetite by reducing the lots size to suit his account and determine his appropriate leverage but in gambling, a bettor has to go with the odds provided for the gay. He can't reduce or increase it against the fixed odds.

3. Traders use analytical tools to determine what market price will be and wait for appropriate timing but gamblers play by the rules of casino.

Trading is not gambling. You require luck in gambling but you require work in trading.

What is your thought.

Trading is very different from gambling, but if you trade just for immediate profits without long term planning, and without certain strategies to use, then you may end up like gambling. Gambling is open for everyone and you can be in profit or at a loss, depends on how lucky you are. However, with trading you can never easily trade without timing the market that's why you have to analyze the market well so that your trades will be favored by the market and not just trade against the market condition.

[Vaculin]

Gambling is risking your money to lose more since you cannot always take advantage of an unpredictable market. But with trading even if you know the market is uncertain but because you have prepared before trading and you've got weapons within you that you have been working for long, then that may lessen the risk of losing but will have higher chances to be profitable in the market by making such successful trades that will be align with the market behavior and condition.

[Bananington]

I have read many discussions about trading and gambling, some people have rather joined the two as gambling. That is not totally true. For traders who agree that trading is same with gambling, they are just lazy to go into work and adopt the ethical way to trade and those are:

1. To cut your losses and increase your profit: You can conveniently do this by using stop loss or take profit adjustment or trailing stop but in gambling, is one straight end once you have gone on the bet, you either loss all you bet or win or you bet for.

2. A trader can adjust his risk appetite by reducing the lots size to suit his account and determine his appropriate leverage but in gambling, a bettor has to go with the odds provided for the gay. He can't reduce or increase it against the fixed odds.

3. Traders use analytical tools to determine what market price will be and wait for appropriate timing but gamblers play by the rules of casino.

Trading is not gambling. You require luck in gambling but you require work in trading.

What is your thought.

Trading and gambling are totally different things and they don't have any relation with each other at all. A trader is a person who has mastered the skill of trading and has gained enough knowledge about the market that he/she could have many profitable trades without any problem. The trading is a conscious thing and it doesn't involve luck as far as I know, because in trading, experience matters not the luck. A trader can earn a lot of money with a good trading strategy and a working plan. A trader can sometimes lose money when the stop-loss is reached, however a trader won't lose the whole capital in a shot if he/she is not leveraging the money as futures trader.

A gambler just gambles and that's the only definition for it. The field of gambling is highly dependent on someone's luck and is very less dependent on someone's skills. There are many casino games which are purely luck oriented and only those people who are lucky could makes profit out of gambling. The gambling is an activity that could cause addiction in the minds of the gamblers while trading doesn't cause any kind of addiction. A gambler throws the money into dust and it could all be wasted or can return with 2x or more, while a trader never throws the money into dust because a trader only places trades when market is according to his/her strategy and trading plan.

Your argument is technically logical and I enjoy the fact that you don't understand that both gambling and trading require an ample amount of luck, strategy and work to be able to earn the best out of it.
Although, for gambling it requires most times, the right mood and sufficient luck to win big after many failed attempt.

The work involved in trading is where you get to know mindfully the right time to buy or sell asset that will of course make you profit. Where this doesn't happen, loss limited to a certain fraction is incurred. A wise trader would know the amount of funds to trade with mostly if he/she is one that follows the trends and news updates.
Whereas a gamblers fate is a result of a sooner than expected outcome.

[kawetsriyanto]

I have to agree that trading is not for everyone, unlike gambling that only requires luck and then you’re good to go. While in trading you need to stick with the rules and analyze the market well, and even use the best strategies that will work on your trades to ensure profitability, but in gambling everything is based on luck and chances. You may win or lose in the end, not because you have well experienced in gambling, it’s just that some might have been lucky or gone out of luck at the end of the day. That’s why some go home with huge gains while some end up losing all their funds and go home empty pocket.

Basically, trading or gambling isn't for everyone. Only people who understand trading or gambling deserve to join it. Anyway, I think it is not only about luck, here are many things to consider. In trading, it is required to have enough knowledge, skills, and experience. Without sufficient knowledge/skills, a trader can lose all their money and probably be difficult to determine the entry/exit time. So, knowledge/skills have a big role in trading. While in gambling, people need to understand how to manage their money and must have good self-control. So, they know how to spend money in gambling in the right way. And people also can avoid addiction if they have good self-control.

Well, regarding luck, it is actually not only in gambling. When people trade coins, they sometimes also rely on luck. Traders who trade without proper analysis and don't do their own research can be categorized as trading for luck. Since they just guess the price change, it is almost similar to the gambling style. 

[jeraldskie11]

Gambling is always gambling; it's a game of chance where you don't need to analyze to win. You're dependent on luck, which means there's no assurance you'll be profitable. Because gambling was created through programming, most of the time you will win but then lose and risk your capital. Trading is not like that; you can trade without analyzing the market, but if you do, your capital will be gone in no time. That is why trading without a plan is still considered gambling. To be successful in trading, you must evaluate the market every time you trade with a backtested strategy.

[Bushdark]

I have read many discussions about trading and gambling, some people have rather joined the two as gambling. That is not totally true. For traders who agree that trading is same with gambling, they are just lazy to go into work and adopt the ethical way to trade and those are:

1. To cut your losses and increase your profit: You can conveniently do this by using stop loss or take profit adjustment or trailing stop but in gambling, is one straight end once you have gone on the bet, you either loss all you bet or win or you bet for.

2. A trader can adjust his risk appetite by reducing the lots size to suit his account and determine his appropriate leverage but in gambling, a bettor has to go with the odds provided for the gay. He can't reduce or increase it against the fixed odds.

3. Traders use analytical tools to determine what market price will be and wait for appropriate timing but gamblers play by the rules of casino.

Trading is not gambling. You require luck in gambling but you require work in trading.

What is your thought.

Hmm, this is quite cool to see that for us to make money in Trading, we need to out on more work for us to get result. The question is that does this happens everytime? Sometimes as a trader, we might put more effort to analyze the market and do a lot of things and still yet, we still end up making some crazy loses.

Those who have bright understanding about the market would never stressed themselves to make money from the market since that have the knowledge and experience for years on how everything in the cryptocurrency market works. Sometimes hard work does not pay even with some much development and improve. The major and important thing is the opportunity that will explore us.

[irhact]

Gambling is risking your money to lose more since you cannot always take advantage of an unpredictable market. But with trading even if you know the market is uncertain but because you have prepared before trading and you've got weapons within you that you have been working for long, then that may lessen the risk of losing but will have higher chances to be profitable in the market by making such successful trades that will be align with the market behavior and condition.

Only gamblers will classify trading and gambling together, gambling is different from trading but they have some similarities still that doesn't make them the same. Having luck by your side helps in both trading and gambling but you don't need to depend on luck when trading instead you depend on your knowledge as that helps you to interpret the market and make better calls that'll help you make profits from the market.

Gambling don't need any learning, anybody can make money from gambling during a long times but if you don't have the knowledge of trading you might get lucky your first time trading but as you trade continuously your flaws will exposed and the market will punish you for that.

[SamReomo]

I have read many discussions about trading and gambling, some people have rather joined the two as gambling. That is not totally true. For traders who agree that trading is same with gambling, they are just lazy to go into work and adopt the ethical way to trade and those are:

1. To cut your losses and increase your profit: You can conveniently do this by using stop loss or take profit adjustment or trailing stop but in gambling, is one straight end once you have gone on the bet, you either loss all you bet or win or you bet for.

2. A trader can adjust his risk appetite by reducing the lots size to suit his account and determine his appropriate leverage but in gambling, a bettor has to go with the odds provided for the gay. He can't reduce or increase it against the fixed odds.

3. Traders use analytical tools to determine what market price will be and wait for appropriate timing but gamblers play by the rules of casino.

Trading is not gambling. You require luck in gambling but you require work in trading.

What is your thought.

Trading and gambling are totally different things and they don't have any relation with each other at all. A trader is a person who has mastered the skill of trading and has gained enough knowledge about the market that he/she could have many profitable trades without any problem. The trading is a conscious thing and it doesn't involve luck as far as I know, because in trading, experience matters not the luck. A trader can earn a lot of money with a good trading strategy and a working plan. A trader can sometimes lose money when the stop-loss is reached, however a trader won't lose the whole capital in a shot if he/she is not leveraging the money as futures trader.

A gambler just gambles and that's the only definition for it. The field of gambling is highly dependent on someone's luck and is very less dependent on someone's skills. There are many casino games which are purely luck oriented and only those people who are lucky could makes profit out of gambling. The gambling is an activity that could cause addiction in the minds of the gamblers while trading doesn't cause any kind of addiction. A gambler throws the money into dust and it could all be wasted or can return with 2x or more, while a trader never throws the money into dust because a trader only places trades when market is according to his/her strategy and trading plan.

Your argument is technically logical and I enjoy the fact that you don't understand that both gambling and trading require an ample amount of luck, strategy and work to be able to earn the best out of it.
Although, for gambling it requires most times, the right mood and sufficient luck to win big after many failed attempt.

The work involved in trading is where you get to know mindfully the right time to buy or sell asset that will of course make you profit. Where this doesn't happen, loss limited to a certain fraction is incurred. A wise trader would know the amount of funds to trade with mostly if he/she is one that follows the trends and news updates.
Whereas a gamblers fate is a result of a sooner than expected outcome.

I don't think that trading requires any kind of luck, it's a pure skill-based approach that requires hard-work and experience.  I agree that trading requires a proper strategy to work successfully, but in case of gambling the luck factor is far superior than strategy. I have seen many gamblers loosing a lot of money even with a very strong strategy, and on the other hand the gamblers with same strategy earned huge profits. Trading is a learnable skill and anyone who give enough time to learning and gaining of experience can make some good profits with the help of trading.

A wise trader is the one who studies the market and is well-aware of the volatility of the market. The strategy a trader uses depends upon the conditions of the market because you can't use same strategy for bull/bear market. Both of the market conditions require different approaches that a trader should master in order to earn consistent income from trading. A gambler is just a gambler and he/she could lose a lot of bets if luck isn't in their favor. Although, I agree that a gambler could save himself/herself from huge losses with a good strategy, but when luck is totally down then no strategy will work for the gambler.

[michellee]

The difference between trading and gambling is that if you have a losing trade and don't sell your coins, you still have a chance to make a profit.

How? Please can you elaborate more on this on how not selling your coin while losing trade helps you to make profit?  Or isn't that similar to gambling whereby if you are losing a bet and you don't withdraw all your deposit, you still have a chance to make one single lucky win too.

Have you never traded Bitcoin? When you experience a loss after buying Bitcoin, do you immediately sell it? We always recommend not selling Bitcoin when the price is declining because the potential for a Bitcoin price increase is higher than other coins.

It's not gambling. For example, now you buy at $ 28k, which costs $ 25k, and you have lost $ 4k. But the $4k loss can be recovered when the Bitcoin price returns to $28.5k or even higher. But the condition is that you don't sell when the price drops below $28k.

Only Bitcoin can do that, while altcoins cannot. And when I say if you have a loss and don't sell your coins, you still have a chance to make a profit. That means the coins that I mean are Bitcoins and not altcoins. I hope you understand what I mean.

In short, if you will equip yourself with knowledge and strategies in trading, you won't rely much on luck.
And that means, you have a chance to do better in trading if you educate yourself and acquire more experience.
However, if you are talking about gambling and playing those luck-based games such as crash, dice or roulette,
then, no matter how many years you are playing with such games, you still have the same chance on these games.
And that clearly shows that trading and gambling is different from each other, you have better chance in trading if you
prepare yourself for this activity. But your chance in gambling stays the same for these luck-based games even if you know very well such game.

That's what we're learning to trade for to find coins that we can use and have a bigger chance to make a profit.

But in gambling, even though gambling games can provide an opportunity to win compared to other gambling games, that also doesn't guarantee we can get a win. And we also still have the opportunity to lose in gambling. So by trading, your chances of making a profit can be greater than gambling.

But if some people still want to use gambling to make a profit, that's also okay because at least they already know the risks. So whatever we choose, we should already know and be able to accept that risk.

[Alisha-k]

I have read many discussions about trading and gambling, some people have rather joined the two as gambling. That is not totally true. For traders who agree that trading is same with gambling, they are just lazy to go into work and adopt the ethical way to trade and those are:

1. To cut your losses and increase your profit: You can conveniently do this by using stop loss or take profit adjustment or trailing stop but in gambling, is one straight end once you have gone on the bet, you either loss all you bet or win or you bet for.

2. A trader can adjust his risk appetite by reducing the lots size to suit his account and determine his appropriate leverage but in gambling, a bettor has to go with the odds provided for the gay. He can't reduce or increase it against the fixed odds.

3. Traders use analytical tools to determine what market price will be and wait for appropriate timing but gamblers play by the rules of casino.

Trading is not gambling. You require luck in gambling but you require work in trading.

What is your thought.

See how easy it was for you to say😂

I’ll give you an assignment, go and do all what you just said and come back sincerely to tell us what the outcome was

SL or no SL, losses are losses, if you set SL and you lose $30 on 5 trades, that’s $150 already

Has the SL helped in anyway?
No, just that you haven’t lost all your margin at once

The crypto space is so volatile, no one knows it all, a single tweet from Musk or US SEC can overturn the whole crypto market

It’s not as easy as you think it is

[doomloop]

1. To cut your losses and increase your profit: You can conveniently do this by using stop loss or take profit adjustment or trailing stop but in gambling, is one straight end once you have gone on the bet, you either loss all you bet or win or you bet for.

2. A trader can adjust his risk appetite by reducing the lots size to suit his account and determine his appropriate leverage but in gambling, a bettor has to go with the odds provided for the gay. He can't reduce or increase it against the fixed odds.

3. Traders use analytical tools to determine what market price will be and wait for appropriate timing but gamblers play by the rules of casino.

Trading is not gambling. You require luck in gambling but you require work in trading.

Those who compare trading with gambling are actually unaware of what actual trading is and they probably only know about meme coins and buying and selling shit coins for profit which is obviously a gamble with your money because there is no research, no analysis and nothing that can actually let you know if you are going to get any profit or not because their price movements depend on community hype and that cannot be predicted.

Actual trading is done on cryptocurrencies that have organic growth and are volatile based on supply and demand and many other factors, people use charts, do research and analysis, watch for news and events that might affect the prices and place their trades based on that. Gambling is nothing more than a game of luck.

[xSkylarx]

Both gambling and trading are really risky, but because there are only two options (buy and sell) to gain profit, they then try their luck at it, which is far worse than gambling as it will really drain your money or your account. Also, luck in trading: if it works in your first trade, then you are really lucky, but it will not last long if you are just basing it on your luck. You will really see the result in the long run or a couple of trades if you are just basing it on your luck.

[benalexis12]

Most of the newbies who enter the crypto business are gambling with trading, they think it is the same as gambling. But this is where they make a mistake with this mindset, so usually, when it comes to the actual trade, others realize that what they thought was right was wrong. So the result in the end is that they lose money in their trading activity because of the wrong belief.
Because trading it takes time and patience to lead you to the profitable trader which is also called of course.

[SOKO-DEKE]

Trading and gambling may have some similarities, but they are not same.despite the fact that both trading and gambling involve luck, someone really needs some knowledge of cryptocurrency trading before they can start trading and able to make profit but gambling is something you can do without any no knowledge and when you are lucky, you win. So in gambling, it's just a matter of chances and lucky, so any one gambling are  playing it  with odds that they may think it will favor them, but in trading, you need some skills and go through some analysis before you can become successful.