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

[Timmzzy]

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.

To what you said yeah people just mistake the both to be one thing when they try one and it didn't go their way as planned and so to the next one it didn't work too they will start to compare, trading has a lot to do and when you are a trader you get to know you have a lot of task to put to place for a positive result, i dont really know or understand much in GAMBLING, i guess this is something you do without having the knowledge if it will turned out good or not. i prefer to loss money in trading than gamble it... i believe Grambling has different areas if am correct just like BETTING right? or the aspect of putting all your EGGS in one basket to a certain kind of project someone some where introduced to you.

[Awaklara]

To what you said yeah people just mistake the both to be one thing when they try one and it didn't go their way as planned and so to the next one it didn't work too they will start to compare, trading has a lot to do and when you are a trader you get to know you have a lot of task to put to place for a positive result, i dont really know or understand much in GAMBLING, i guess this is something you do without having the knowledge if it will turned out good or not. i prefer to loss money in trading than gamble it... i believe Grambling has different areas if am correct just like BETTING right? or the aspect of putting all your EGGS in one basket to a certain kind of project someone some where introduced to you.

for some gamblers, the gambling they do also requires work. even in certain gambling it also requires skill. but the results might make a difference in how trading really won't depend on luck alone. different from gambling, which is that after we place a bet, we can only hope that the bet wins.
still, we can say they are different if we do both. then you will know where we gamble or trade.

[teosanru]

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.

I think the problem with people trading and gambling both is that they do it with the mindset of gambling. If you apply proper rules of risk management in both of them, both can be really profitable to be honest or atleast won't be big loss making ventures. Trading only difference is that you can actually move the factor of chance on your side by some strategies and main aim is obviously to get that strategy right and after that make sure risk management is correctly used as well.

[Lanatsa]

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.

I think the problem with people trading and gambling both is that they do it with the mindset of gambling. If you apply proper rules of risk management in both of them, both can be really profitable to be honest or atleast won't be big loss making ventures. Trading only difference is that you can actually move the factor of chance on your side by some strategies and main aim is obviously to get that strategy right and after that make sure risk management is correctly used as well.

If we are really that going after on being profitable then trading would really be worth of your time since you could really somewhat assure that you could be able to learnt up the skill needed overtime unlike when

you do gamble on which this would purely be relying on luck most of the time.Trading does need up some luck too but mostly it would be pertaining or depending on how well you do make out some analysis
and making up some trading decisions which is something that would really be mainly needed on the time that you do really get involved with trading. Dont make trading to be a gambling because making up
some blind positioning on the market or having no strategies that had been followed then it would be considered as gambling. You are really raising up the risks on losing money
just because you had missed out on doing the standards.

Dont make up some rush trading because having that desperate mind on making profits would really be just creating some errors and mistakes which we do really need to avoid in the first place.

[molsewid]

To what you said yeah people just mistake the both to be one thing when they try one and it didn't go their way as planned and so to the next one it didn't work too they will start to compare, trading has a lot to do and when you are a trader you get to know you have a lot of task to put to place for a positive result, i dont really know or understand much in GAMBLING, i guess this is something you do without having the knowledge if it will turned out good or not. i prefer to loss money in trading than gamble it... i believe Grambling has different areas if am correct just like BETTING right? or the aspect of putting all your EGGS in one basket to a certain kind of project someone some where introduced to you.

for some gamblers, the gambling they do also requires work. even in certain gambling it also requires skill. but the results might make a difference in how trading really won't depend on luck alone. different from gambling, which is that after we place a bet, we can only hope that the bet wins.
still, we can say they are different if we do both. then you will know where we gamble or trade.

Yes so in other words when we bet there is no turning back we just need to be sure that our bet is on the odds where it will be winning. Trading can have Stop Loss and DCA so not unless you withdraw it or it is nothing left it is considered paper loss if I am right with the term. People can be rich in trading but not in small span of time , there will be losses as well because we all know market is volatile.

[Rengga Jati]

for some gamblers, the gambling they do also requires work. even in certain gambling it also requires skill. but the results might make a difference in how trading really won't depend on luck alone. different from gambling, which is that after we place a bet, we can only hope that the bet wins.
still, we can say they are different if we do both. then you will know where we gamble or trade.

Yes, I quite agree with this. Not all gambling activities only require luck, there are some that are also based on analysis and also the skills of the gamblers themselves. Meanwhile, luck can be regarded as one of the bonuses that gamblers sometimes have. because the truth is not everyone will always get extraordinary luck. And this also can't be set up anyway to always get luck. therefore gamblers must also be smarter for every strategy and trick used.

[Franctoshi]

One critical thing that differentiates Trading from gambling is that in trading, you are in control and not about influencing the market, but in management of your trading decisions, basically about when to enter and exit the market, when to seize a profit, and when to close a losing trade. You would have more chances of profiting in trading than you would have in gambling if you put more effort into learning about trading, whereas in gambling, even when you are good, you can't change things, for example, in football matches, the players do not even know what will be the outcome of their game.

[worle1bm]

They both are different but some people mix them like trading is also gambling but it's entirely wrong because in trading lot of strategies, research is involved before making any decision and then you have to observe market chart patterns to earn profit but in gambling you place bet and just wait for outcome which will give you profit if you are lucky otherwise you loose your money but that's not the case with trading.So we should not mix them because one is mind game with little luck but the other is luck based only if we leave behind strategy play games like poker.

[mvdheuvel1983]

Skill is also needed in gambling, but it depends on the type of game you are playing. Trading depends both on a combination of luck and skill. We cannot take away that no matter what. Maybe it would be in the ration of luck 20% and skill 80%. The reverse is the case for gambling. I do not think I have seen a book on gambling but there are so many for trading. The main difference is that you cannot get addicted to trading such that it ruins your life but in gambling one can easily get addicted it destroys their life.

[wxa7115]

One critical thing that differentiates Trading from gambling is that in trading, you are in control and not about influencing the market, but in management of your trading decisions, basically about when to enter and exit the market, when to seize a profit, and when to close a losing trade. You would have more chances of profiting in trading than you would have in gambling if you put more effort into learning about trading, whereas in gambling, even when you are good, you can't change things, for example, in football matches, the players do not even know what will be the outcome of their game.

When it comes to gambling you are given a set of odds by the casino and you have no other choice but to accept it and play with them, but trading is different in the sense that by just waiting you can change the odds of your trade being profitable or not.

This is done by taking the most optimal entry point that you can, and in the most perfect scenario you can get, like those buying at the bottom, your chances of winning are of 100%, something which is simply impossible to have on any gambling game.

[SaveOurSea]

One critical thing that differentiates Trading from gambling is that in trading, you are in control and not about influencing the market, but in management of your trading decisions, basically about when to enter and exit the market, when to seize a profit, and when to close a losing trade. You would have more chances of profiting in trading than you would have in gambling if you put more effort into learning about trading, whereas in gambling, even when you are good, you can't change things, for example, in football matches, the players do not even know what will be the outcome of their game.

When it comes to gambling you are given a set of odds by the casino and you have no other choice but to accept it and play with them, but trading is different in the sense that by just waiting you can change the odds of your trade being profitable or not.

This is done by taking the most optimal entry point that you can, and in the most perfect scenario you can get, like those buying at the bottom, your chances of winning are of 100%, something which is simply impossible to have on any gambling game.

That's why gambling basically won't give you consistent profits on an ongoing basis,
obviously it's different from trading because we determine the profit or not,
so don't expect more from gambling and it's just a waste of time.

[tvplus006]

When it comes to gambling you are given a set of odds by the casino and you have no other choice but to accept it and play with them, but trading is different in the sense that by just waiting you can change the odds of your trade being profitable or not...

This is only if you really understand trading. But as a rule, the trading of beginners is similar to a casino, since there is no market analysis, which leads to the fact that they blindly open a 50/50 order either long or short. And some manage to multiply their deposit before they lose all their money.

[BD Crypto]

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

What is your thought.

Trading and Gambling are fully different and my opinion is that trading is more effective and profitable if someone trade with proper research and have strategy with risk management. Trading also required luck oftenly because market can be manipulated by good or bad news and by the whales. Gambling is more risky because here you can't analysis but can predict and can't have option to use stop loss.

But now most of the new traders are doing trades like gambling. They often enter in the market without maintaining any support or resistance level or sometime rush for fomo buying. Without analysis and strategy trading is more dangerous.

[Hamza2424]

One critical thing that differentiates Trading from gambling is that in trading, you are in control and not about influencing the market, but in management of your trading decisions, basically about when to enter and exit the market, when to seize a profit, and when to close a losing trade. You would have more chances of profiting in trading than you would have in gambling if you put more effort into learning about trading, whereas in gambling, even when you are good, you can't change things, for example, in football matches, the players do not even know what will be the outcome of their game.

Sports were introduced to enjoy after working day and night for a long period of time some moments of joy were with football, cricket, and other sports but these days people ruined the fun of the sports. Now whenever a gambler watches the match rather than enjoying the moments he always prays that the match should go in the favor of the gambling position. Gambling is a moral disease, trading is not addictive but gambling is because people find easy money making here in trading, the case is completely opposite here people need to put in the effort, same as we do put the effort in providing sort of services.

It really depends on the individual choice of what a person wants and how strongly he has control of his emotions and moral values. Gambling sometimes costs you your life I have personally seen many incidents.

[OcTradism]

Trading and Gambling are fully different and my opinion is that trading is more effective and profitable if someone trade with proper research and have strategy with risk management. Trading also required luck oftenly because market can be manipulated by good or bad news and by the whales. Gambling is more risky because here you can't analysis but can predict and can't have option to use stop loss.

Before you can trade with proper research and good trading strategy, you already have to pay a lot of costs. Costs from learning good courses, paying for losses with your early trading months and years. I hope new traders can cover those losses and can live well before they can have enough skills to get profit.

But now most of the new traders are doing trades like gambling. They often enter in the market without maintaining any support or resistance level or sometime rush for fomo buying. Without analysis and strategy trading is more dangerous.

Now? No. New traders are always trading like gambling. They don't learn with trading courses, don't mind about technical analysis knowledge and they only trade because they follow someone signals and believe that they can outsmart the market.

This gambling style is more popular in cryptocurrency market where they can be exposed with many x20, x100 or x1000 stories.

[Dr.Osh]

well, when you don't try harder in trading, and only guess, then buy altcoins without knowing about the information about these altcoins, then you will most likely get a loss. If the price goes down, then you are lucky, but when the coin becomes a scam, then you will say that crypto is a scam.
quite a lot of people think that trading is the same as gambling. well, they baselessly say that. quite a few people are creating classes to teach others about trading and how to trade from all aspects. in fact, some people are willing to pay to get information about what they are going to trade.

[Cling18]

It is important for oneself to conclude that luck can be today and not be tomorrow. And we want stable results. So, it is better to pay attention to learning and experience than to hope for luck.

Both genuinely involve certain risks, so luck is still required. However, if we have the right knowledge and skills in technical analysis and know how to handle market volatility, the risks associated with trading may be bearable. We can use precise, well-known techniques when gambling, yet the outcome generally depends on luck.
When we trade with a thorough grasp of what we are doing, we can reduce the risk and have confidence in the outcome, but when we gamble, even with thorough research, especially in sports betting, the outcome will always be uncertain. We can do both things at the same time but we must be willing to learn how to properly deal with their risks of else there's a huge possibility that we could lose all our funds with just one wrong move.

[Silberman]

well, when you don't try harder in trading, and only guess, then buy altcoins without knowing about the information about these altcoins, then you will most likely get a loss. If the price goes down, then you are lucky, but when the coin becomes a scam, then you will say that crypto is a scam.
quite a lot of people think that trading is the same as gambling. well, they baselessly say that. quite a few people are creating classes to teach others about trading and how to trade from all aspects. in fact, some people are willing to pay to get information about what they are going to trade.

One of the easiest ways to know if an activity depends completely on luck or not is to see if such a skill can be learned by others, so if for example a lottery winner tried to tell you how did they do it, will you be able to obtain the same result? And the most likely answer is no, however if a successful trader taught you how to trade the markets, will you be able to become a successful trader? And in this case the most likely answer is yes, so that should tell us that there is a significant difference between gambling and trading.

[Captain Corporate]

Obviously lottery is not the same, but maybe poker? Because to be honest at poker you play against others and not against the house. So if a poker professional ends up explaining to you how they would make any type of change, you are going to obviously end up with learning a few tricks at least, doesn't mean you are going to make a profit right away, you may still lose, but you will become better, but you can't be a "better lottery winner" type of thing, that's pure luck. This is why there are always gray areas when we are talking about these type of things. You can't just have one answer to respond all the questions, sometimes its true, sometimes its not, depends on the situation at hand and should be considered one by one instead

[Dr.Bitcoin_Strange]

quite a lot of people think that trading is the same as gambling. well, they baselessly say that. quite a few people are creating classes to teach others about trading and how to trade from all aspects. in fact, some people are willing to pay to get information about what they are going to trade.

Yeah, it has been an argument several times, both on this forum and outside here. Some people think that as long as one can gamble, they can also trade perfectly because they can just choose a coin to buy and sell off if the price just grows a bit. But gambling requires a whole lot of knowledge and ideas put together before you can make some more successful trades; otherwise, there will only be losses to encounter. Gambling is a pure bet on luck, almost 99% luck and just 1% skill. No matter how much skill you have in gambling, you will not make any win without luck on your side.