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Author Topic: Casino vs. Stoc,Forex&Crypto Broker: Who's Really Playing You in the Money Game  (Read 2875 times)
delfastTions
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March 05, 2024, 07:42:45 AM
 #141

are we forgetting that those people who use brokers also benefit from them? hence why i dont think it’s that bad of a thing for brokers to have a little commission here and there. nothing bad about their jobs especially that is where they are earning money … it seems like a job that is very profitable and risk-free so why not do it?  Wink
I don't think this kind of work is very risk-free. 
Although, of course, it is profitable and obviously they simply would not exist if they did not have good profits from clients.  As for the risk, it is of course likely to be reduced if the broker gains experience along the way.  But this experience can take many years, and by the way, the work itself is very nervous.  Almost always, the broker is worried while waiting for the results of how much his and his clients’ assets have become worth where he has invested these assets.  This expectation provokes a stressful situation.  And this happens all the time, one might say on a conveyor belt.  As a result, the nervous system is depleted, and as you know, nerve cells are not restored and the health of such a person is gradually lost much faster than that of an ordinary employee working at work without constant stress. 
In this case, I would consider such work very risky.

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March 05, 2024, 09:46:41 AM
 #142

As for me - gambling and trading looks the same. If you have big deposit - you can choose small odds is sport betting and get good profit with small risk, the same like in trading. Of course you can lose all in gambling if you bet all sum in one bet, but it is silly. The same situation if you buy BTC with big leverage.
Use money management and you will get profit as result. Of course i don`t talk about casino games - it is total random and i don`t interest in such gambling.
I respect people's opinions so much, but in most cases, they do not have constructive arguments to back it up, just like yours now. Trading and gambling are not the same and will never be the same because trading is a business and doesn't require a fix outcome like gambling, it's so flexible. Though it is a risky business, can you call gambling a business? The electronic enabality of trading is what causes people to make mistakes of it and the way some bad traders gamble with their trading makes it look alike in a way. But if you would trade as a real and professional trader with the right understanding of it, then you can never link trading to gambling or gamble with your trades.

Okay, let me try to explain this in the best way I can to make you understand the fundamentals of it and not the complex way as people and technology make it look. The simplest ideology about trading is likened to a person who purchased an asset at $500, for example. The value/price of that asset will of course fluctuate due to the prevailing market conditions even as demand and supply always play their roles. For this, the value can be adjusted a little or significantly lower or higher than the $500. This means that at times, the price of the asset could be $750 or more/less ( if the asset appreciates in value), also, it could be $350 or more/less (if the asset depreciates in value). Now, if the person speculated wrongly during the time of purchase to buy a costly asset and again impatient due to fear or whatever reason sold the asset at $350 value. That means the person had lost $150 of his money.

In the opposite view, if the person was lucky to have bought the asset cheap and it even appreciated afterwards and even sold it at $750. That means the person  gains. This is how the trading works, you actually buy and own that asset, and your fate depends on how it appreciates or depreciates and the actual time to sold it, unlike in gambling. Just like we buy and own physical assets all the time, it's the same as what I just narrated. Some assets will be bought and get devalued when we now them, while others will be bought and appreciated after buying them. If you now make them a business, then you are trading, just the same way it is in electronic trading. It is only when you handle it carelessly (buy when you should sell, or sell when you should buy) that you are gambling, which is not the ethic of the trading itself.
Let`s i answer your example.
I bet $500 with the odd 1.5 i get $750. If i make a bet i own that asset and i can mostly sell it before the result. May be cheaper, for $300 if the game is not so good as i thought, or may be higher - for $600. The same situation in trading - you have an asset that can not only grow up. The only difference, that you asset mostly costs something. And if we talk about leverage trading - there is no difference with gambling. Some moment you catch stop-loss and lose all your depo.

Someone say that trading is a science. The others say that it is just luck. The same i hear about gambling.
I quite understand your point and I must say it is constructive enough, but you are not looking at the utility and security aspects of the two. The FX and other similar financial market trading instruments (commodities e.g. Gold, energy e.g. Crude oil) and many more offer you to actually buy something. You are not buying anything when you gamble, you are only taking a direct risk at that time. Nonetheless, the risk is present in trading as well but you will not get liquidated if you plan your investment correctly, yes, we have traders who hold positions for so long. It could run for years and you still not get liquidated and continue to own the asset (and not money as in the case of gambling) electronically if your risk management and speculations are right.

Is that possible in gambling? Certain No. Gambling is also time-fixed, it has its expiry time and no matter how self-deceiving you think you own the asset in gambling, there is a maximum time you can own it whether you like it or not. There is no limit to the time you can own that asset in trading but you can only lose if you take a higher risk than necessary. This is why I often advise that we should be professional in our trading, otherwise, we gamble. These two are not just the same thing even though they have a few similarities, and this similarity is what confuses people, just like you now.

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March 05, 2024, 03:57:03 PM
 #143

Let`s i answer your example.
I bet $500 with the odd 1.5 i get $750. If i make a bet i own that asset and i can mostly sell it before the result. May be cheaper, for $300 if the game is not so good as i thought, or may be higher - for $600. The same situation in trading - you have an asset that can not only grow up. The only difference, that you asset mostly costs something. And if we talk about leverage trading - there is no difference with gambling. Some moment you catch stop-loss and lose all your depo.

Someone say that trading is a science. The others say that it is just luck. The same i hear about gambling.
I quite understand your point and I must say it is constructive enough, but you are not looking at the utility and security aspects of the two. The FX and other similar financial market trading instruments (commodities e.g. Gold, energy e.g. Crude oil) and many more offer you to actually buy something. You are not buying anything when you gamble, you are only taking a direct risk at that time. Nonetheless, the risk is present in trading as well but you will not get liquidated if you plan your investment correctly, yes, we have traders who hold positions for so long. It could run for years and you still not get liquidated and continue to own the asset (and not money as in the case of gambling) electronically if your risk management and speculations are right.

Is that possible in gambling? Certain No. Gambling is also time-fixed, it has its expiry time and no matter how self-deceiving you think you own the asset in gambling, there is a maximum time you can own it whether you like it or not. There is no limit to the time you can own that asset in trading but you can only lose if you take a higher risk than necessary. This is why I often advise that we should be professional in our trading, otherwise, we gamble. These two are not just the same thing even though they have a few similarities, and this similarity is what confuses people, just like you now.
If some company becomes bankrupt your asset costs nothing. The same time your asset is virtual asset. If you buy gold bar for example - it would be a real asset. And if i use money management correct in gambling - i can`t lose on a distance, i tested it for more than 3 years.
The difference is that you can own your asset for years, but look at cryptocurrency shitcoins - i have 5-10 of them and i can sell it anybody.

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March 05, 2024, 04:32:01 PM
 #144

Stocks can play you, investment brokers can as well play you when you're into making business with them because you cant trust people when it comes to issues that pertains money being involved, but a reputable casino is not playing you and cant play you, you're gambling for fun and not for business the way you do with stock markets and crypto brokers, gambling gives us fun and we are playing games at the course and this is strictly different from making business.



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March 06, 2024, 09:47:21 AM
Last edit: March 08, 2024, 03:47:19 PM by EarnOnVictor
 #145

Let`s i answer your example.
I bet $500 with the odd 1.5 i get $750. If i make a bet i own that asset and i can mostly sell it before the result. May be cheaper, for $300 if the game is not so good as i thought, or may be higher - for $600. The same situation in trading - you have an asset that can not only grow up. The only difference, that you asset mostly costs something. And if we talk about leverage trading - there is no difference with gambling. Some moment you catch stop-loss and lose all your depo.

Someone say that trading is a science. The others say that it is just luck. The same i hear about gambling.
I quite understand your point and I must say it is constructive enough, but you are not looking at the utility and security aspects of the two. The FX and other similar financial market trading instruments (commodities e.g. Gold, energy e.g. Crude oil) and many more offer you to actually buy something. You are not buying anything when you gamble, you are only taking a direct risk at that time. Nonetheless, the risk is present in trading as well but you will not get liquidated if you plan your investment correctly, yes, we have traders who hold positions for so long. It could run for years and you still not get liquidated and continue to own the asset (and not money as in the case of gambling) electronically if your risk management and speculations are right.

Is that possible in gambling? Certain No. Gambling is also time-fixed, it has its expiry time and no matter how self-deceiving you think you own the asset in gambling, there is a maximum time you can own it whether you like it or not. There is no limit to the time you can own that asset in trading but you can only lose if you take a higher risk than necessary. This is why I often advise that we should be professional in our trading, otherwise, we gamble. These two are not just the same thing even though they have a few similarities, and this similarity is what confuses people, just like you now.
If some company becomes bankrupt your asset costs nothing. The same time your asset is virtual asset. If you buy gold bar for example - it would be a real asset. And if i use money management correct in gambling - i can`t lose on a distance, i tested it for more than 3 years.
The difference is that you can own your asset for years, but look at cryptocurrency shitcoins - i have 5-10 of them and i can sell it anybody.
I can see you are making a twist now because purchasing an asset for years was an illustration of what we do in the financial market in contrast to gambling on casinos which is what we are differentiating here. We did not relate it to the situation of liquidation of the company the way you are now driving it towards it. Don't you think that's a different ballgame as the mode of operation is different from the safety concern which is not peculiar to the financial market alone? But notwithstanding, there are still answers for them. I've lived in the trading/investment environment for years (a year to 2 decades) and I've never been swindled by a broker or been affected by a broker's insolvency to date. Anyone who is affected by this can only be considered a novice or not smart.

As I always advise, it is better you carefully select the broker you would use for your investments and trading activities unless you do not have a reasonable amount of assets with them or you are just not serious about the investment. I make sure that all my brokers are truly Regulated and "Insured." This is not a child's play for me, it is a serious business. Aside from that, if you are relating the insolvency to brokerage companies, can't casinos go insolvent as well? That is why I do not see that as a valid point since it is a deviation from what we are both trying to establish which is relating to the core functions and risks of both classes of business in relation to their mode of operation.

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mak013
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March 06, 2024, 02:21:06 PM
 #146

If some company becomes bankrupt your asset costs nothing. The same time your asset is virtual asset. If you buy gold bar for example - it would be a real asset. And if i use money management correct in gambling - i can`t lose on a distance, i tested it for more than 3 years.
The difference is that you can own your asset for years, but look at cryptocurrency shitcoins - i have 5-10 of them and i can sell it anybody.
I can see you are making a twist now because purchasing an asset for years was an illustration of what we do in the financial market in contrast to gambling on casinos which is what we are differentiating here. We did not relate it to the situation of liquidation of the company the way you are now driving it towards it. Don't you think that's a different ballgame as the mode of operation is different from the safety concern which is not peculiar to the financial market alone? But notwithstanding, there are still answers for them. I've lived in the trading/investment environment for years (a year to 2 decades) and I've never been swindled by a broker or been affected by a broker's insolvency to date. Anyone who is affected by this can only be considered a novice or not smart.

As I always advise, it is better you carefully select the broker you would use for your investments and trading activities unless you do not have a reasonable amount of assets with them or you are just not serious about the investment. I make sure that all my brokers are truly Regulated and "Insured." This is not a child's play for me, it is a serious business. Aside from that, if you are relating the insolvency to brokerage companies, can't casinos so insolvent as well? That is why I do not see that as a valid point since it is a deviation from what we are both trying to establish which is relating to the core functions and risks of both classes of business in relation to their mode of operation.
I marked the main difference between us Smiley
I`ve got nice results(as for me) in gambling and know how to make money here. But the same time i don`t have time/skills/knowledge for trading. I think that you have the same situation if we change gambling and trading.
The result is the same. I protect my way of getting profit, you protect your way. I sure that you believe, that getting stable profit from gambling just a luck, but the same i think about trading.
PS. I have some long time assets, but i don`t trade.

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LUCKMCFLY
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March 08, 2024, 03:20:46 PM
 #147

If some company becomes bankrupt your asset costs nothing. The same time your asset is virtual asset. If you buy gold bar for example - it would be a real asset. And if i use money management correct in gambling - i can`t lose on a distance, i tested it for more than 3 years.
The difference is that you can own your asset for years, but look at cryptocurrency shitcoins - i have 5-10 of them and i can sell it anybody.
I can see you are making a twist now because purchasing an asset for years was an illustration of what we do in the financial market in contrast to gambling on casinos which is what we are differentiating here. We did not relate it to the situation of liquidation of the company the way you are now driving it towards it. Don't you think that's a different ballgame as the mode of operation is different from the safety concern which is not peculiar to the financial market alone? But notwithstanding, there are still answers for them. I've lived in the trading/investment environment for years (a year to 2 decades) and I've never been swindled by a broker or been affected by a broker's insolvency to date. Anyone who is affected by this can only be considered a novice or not smart.

As I always advise, it is better you carefully select the broker you would use for your investments and trading activities unless you do not have a reasonable amount of assets with them or you are just not serious about the investment. I make sure that all my brokers are truly Regulated and "Insured." This is not a child's play for me, it is a serious business. Aside from that, if you are relating the insolvency to brokerage companies, can't casinos so insolvent as well? That is why I do not see that as a valid point since it is a deviation from what we are both trying to establish which is relating to the core functions and risks of both classes of business in relation to their mode of operation.
I marked the main difference between us Smiley
I`ve got nice results(as for me) in gambling and know how to make money here. But the same time i don`t have time/skills/knowledge for trading. I think that you have the same situation if we change gambling and trading.
The result is the same. I protect my way of getting profit, you protect your way. I sure that you believe, that getting stable profit from gambling just a luck, but the same i think about trading.
PS. I have some long time assets, but i don`t trade.

What he says is very interesting, because clearly in trading there are ways to operate to protect our money, it just takes a lot of concentration, but in the game I have not found any regrets about making it possible to protect it, because it is always dependent on the luck, and that's something you can't control.

On the other hand, when you say protect in trade, there is a way that I don't know if you have done, I read that strategy in a Livermore book, and applying it to the current market it is as if you put your money in bitcoin in Long, but you want to protect your position, then you open another position in Shrot and with a leverage, a leverage that you can handle, then if the Long position begins to fall or the market goes against the Short you can win, and It is done in such a way that if we lose in LONG, in Short we would be earning the normal amount and above the Long, and since it is more difficult for the market to go in LONG, it is easy to disable the Sshort option, but this is something very risky, only with nerves of steel and with great care can you make good movies.

Now to find out how to protect the balance in a casino, well things are different, what I can say is that to protect yourself is to play with the minimum balance and establishing a small amount willing to lose, is what occurs to me.

But the previous one that I said was for only traders, and it is risky, but it is protection, but based on an investment, it is recommended to leave it in Bitcoin and be more aware that it is rising.

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Gozie51
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March 08, 2024, 04:16:25 PM
 #148

Stocks can play you, investment brokers can as well play you when you're into making business with them because you cant trust people when it comes to issues that pertains money being involved, but a reputable casino is not playing you and cant play you, you're gambling for fun and not for business the way you do with stock markets and crypto brokers, gambling gives us fun and we are playing games at the course and this is strictly different from making business.

I don't think means casino owners playing gamblers like cheating on them, no. He is probably discussing in the area of losses and profit that those who gamble encounter risk of loses while owners of casinos, brokers of stocks and trading exchanges seat back and pick up profit interms of commission from the gamblers.

Yeah, so I think they are service providers and they have undertaking their own risk by their investment on their platform including all the facilities that will ensure the platform is alive, looking good not excluding graphics, payment to workers on their salaries, repairs and to carry out maintenance, back ups to ensure the platform or casino doesn't abruptly get shut down. Therefore, owners take care of expenses to provide services for users and that is also how they incure their own challenges to give some gamblers fun and profit while others are not lucky enough and they end up in loses.

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March 08, 2024, 10:31:35 PM
 #149

If some company becomes bankrupt your asset costs nothing. The same time your asset is virtual asset. If you buy gold bar for example - it would be a real asset. And if i use money management correct in gambling - i can`t lose on a distance, i tested it for more than 3 years.
The difference is that you can own your asset for years, but look at cryptocurrency shitcoins - i have 5-10 of them and i can sell it anybody.
I can see you are making a twist now because purchasing an asset for years was an illustration of what we do in the financial market in contrast to gambling on casinos which is what we are differentiating here. We did not relate it to the situation of liquidation of the company the way you are now driving it towards it. Don't you think that's a different ballgame as the mode of operation is different from the safety concern which is not peculiar to the financial market alone? But notwithstanding, there are still answers for them. I've lived in the trading/investment environment for years (a year to 2 decades) and I've never been swindled by a broker or been affected by a broker's insolvency to date. Anyone who is affected by this can only be considered a novice or not smart.

As I always advise, it is better you carefully select the broker you would use for your investments and trading activities unless you do not have a reasonable amount of assets with them or you are just not serious about the investment. I make sure that all my brokers are truly Regulated and "Insured." This is not a child's play for me, it is a serious business. Aside from that, if you are relating the insolvency to brokerage companies, can't casinos so insolvent as well? That is why I do not see that as a valid point since it is a deviation from what we are both trying to establish which is relating to the core functions and risks of both classes of business in relation to their mode of operation.
I marked the main difference between us Smiley
I`ve got nice results(as for me) in gambling and know how to make money here. But the same time i don`t have time/skills/knowledge for trading. I think that you have the same situation if we change gambling and trading.
The result is the same. I protect my way of getting profit, you protect your way. I sure that you believe, that getting stable profit from gambling just a luck, but the same i think about trading.
PS. I have some long time assets, but i don`t trade.
both gambling and trading can make us good money but we must always remember that not all the time we got profit cause there's a possibility that we will loss our money  especially in gambling not all the time we can make a good profits cause it will base on luck and if we don't have luck then we can't win in gambling also in trading if we are not lucky enough then we loss our Money.  So in both of these we need a good strategy band luck so that we can make s profit in the future.

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mak013
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March 09, 2024, 07:59:36 AM
Merited by LUCKMCFLY (1)
 #150

I marked the main difference between us Smiley
I`ve got nice results(as for me) in gambling and know how to make money here. But the same time i don`t have time/skills/knowledge for trading. I think that you have the same situation if we change gambling and trading.
The result is the same. I protect my way of getting profit, you protect your way. I sure that you believe, that getting stable profit from gambling just a luck, but the same i think about trading.
PS. I have some long time assets, but i don`t trade.

What he says is very interesting, because clearly in trading there are ways to operate to protect our money, it just takes a lot of concentration, but in the game I have not found any regrets about making it possible to protect it, because it is always dependent on the luck, and that's something you can't control.

On the other hand, when you say protect in trade, there is a way that I don't know if you have done, I read that strategy in a Livermore book, and applying it to the current market it is as if you put your money in bitcoin in Long, but you want to protect your position, then you open another position in Shrot and with a leverage, a leverage that you can handle, then if the Long position begins to fall or the market goes against the Short you can win, and It is done in such a way that if we lose in LONG, in Short we would be earning the normal amount and above the Long, and since it is more difficult for the market to go in LONG, it is easy to disable the Sshort option, but this is something very risky, only with nerves of steel and with great care can you make good movies.

Now to find out how to protect the balance in a casino, well things are different, what I can say is that to protect yourself is to play with the minimum balance and establishing a small amount willing to lose, is what occurs to me.

But the previous one that I said was for only traders, and it is risky, but it is protection, but based on an investment, it is recommended to leave it in Bitcoin and be more aware that it is rising.
It is interesting. The difference that he is specialist in trading and i`m specialist in gambling. I`m winning for 3 years. Of course, not all my bets, some times even week can be with debt, but every month i get profit. Sometimes big, sometimes small enough. But i said that i have to split time between family, hobbies, job and gambling. For stable winning you have to work hard, in any other way it will be only luck.


I marked the main difference between us Smiley
I`ve got nice results(as for me) in gambling and know how to make money here. But the same time i don`t have time/skills/knowledge for trading. I think that you have the same situation if we change gambling and trading.
The result is the same. I protect my way of getting profit, you protect your way. I sure that you believe, that getting stable profit from gambling just a luck, but the same i think about trading.
PS. I have some long time assets, but i don`t trade.
both gambling and trading can make us good money but we must always remember that not all the time we got profit cause there's a possibility that we will loss our money  especially in gambling not all the time we can make a good profits cause it will base on luck and if we don't have luck then we can't win in gambling also in trading if we are not lucky enough then we loss our Money.  So in both of these we need a good strategy band luck so that we can make s profit in the future.
I understand sport betting. I get stable profit here. I don`t understand trading. For me trading like casino games - i can win, i can lose, i don`t know when buy and when sell.

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.Duelbits.
..........UNLEASH..........
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EarnOnVictor
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March 09, 2024, 09:34:03 AM
 #151

If some company becomes bankrupt your asset costs nothing. The same time your asset is virtual asset. If you buy gold bar for example - it would be a real asset. And if i use money management correct in gambling - i can`t lose on a distance, i tested it for more than 3 years.
The difference is that you can own your asset for years, but look at cryptocurrency shitcoins - i have 5-10 of them and i can sell it anybody.
I can see you are making a twist now because purchasing an asset for years was an illustration of what we do in the financial market in contrast to gambling on casinos which is what we are differentiating here. We did not relate it to the situation of liquidation of the company the way you are now driving it towards it. Don't you think that's a different ballgame as the mode of operation is different from the safety concern which is not peculiar to the financial market alone? But notwithstanding, there are still answers for them. I've lived in the trading/investment environment for years (a year to 2 decades) and I've never been swindled by a broker or been affected by a broker's insolvency to date. Anyone who is affected by this can only be considered a novice or not smart.

As I always advise, it is better you carefully select the broker you would use for your investments and trading activities unless you do not have a reasonable amount of assets with them or you are just not serious about the investment. I make sure that all my brokers are truly Regulated and "Insured." This is not a child's play for me, it is a serious business. Aside from that, if you are relating the insolvency to brokerage companies, can't casinos so insolvent as well? That is why I do not see that as a valid point since it is a deviation from what we are both trying to establish which is relating to the core functions and risks of both classes of business in relation to their mode of operation.
I marked the main difference between us Smiley
I`ve got nice results(as for me) in gambling and know how to make money here. But the same time i don`t have time/skills/knowledge for trading. I think that you have the same situation if we change gambling and trading.
The result is the same. I protect my way of getting profit, you protect your way. I sure that you believe, that getting stable profit from gambling just a luck, but the same i think about trading.
PS. I have some long time assets, but i don`t trade.
both gambling and trading can make us good money but we must always remember that not all the time we got profit cause there's a possibility that we will loss our money  especially in gambling not all the time we can make a good profits cause it will base on luck and if we don't have luck then we can't win in gambling also in trading if we are not lucky enough then we loss our Money.  So in both of these we need a good strategy band luck so that we can make s profit in the future.
For me, you are merely neutral here which was supposed not to be so as you say good and risk of the two and narrow it down to being a function of luck, so it is still about moving around a circle on the same matter. However, the clear thing is that trading/investment is a business but gambling is not, and never will it be. And when we talk about luck, I beat my cheat to tell you that you do not need it in trading/investment, once you are good at it, you get to override anything and make your money regularly. But you can't say the same thing in gambling, you actually need luck in gambling, and even as luck is just an expression like I always say, gamblers still need it because most of the gambling activities are wired in such a way that is random in outcomes, your expertise can't crack it. This means that you cannot use analysis to actually know what would happen because they are already written in codes which will not bring out an outcome in a certain pattern for you not to be getting it and be winning all ways.

Don't you think that if a certain arithmetic and pattern are what casinos are functioning with people would not run the business down by now? Of course, that is what would happen because it will only take a few days for people to know how it works and will be telling others how to cheaply make money as well. This is why casinos cannot afford not to find a random pattern for the outcomes which makes it depend greatly on luck, though some aspect of gambling like sports betting requires not only luck but also your skills. My question, is it happening in trading like that? Certainly not. Trading is a business and when you know it, you get to analyse it rightly, and if you are so good at it, you can still attain an accuracy of over 95%. Yes, you heard me, 95%, is that not almost perfect?

But in gambling, no amount of accuracy you have that can make you attain that feat at all. Needless to say that, if you are a bad trader, you can gamble and this is a different thing entirely. Also note that there are gambling aspects of trading/investment, which is the Options or Binary option trading. Options trading (gambling) is different from normal trading to tell you that they are just different.

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ultrloa
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March 09, 2024, 11:42:45 AM
 #152

If some company becomes bankrupt your asset costs nothing. The same time your asset is virtual asset. If you buy gold bar for example - it would be a real asset. And if i use money management correct in gambling - i can`t lose on a distance, i tested it for more than 3 years.
The difference is that you can own your asset for years, but look at cryptocurrency shitcoins - i have 5-10 of them and i can sell it anybody.
I can see you are making a twist now because purchasing an asset for years was an illustration of what we do in the financial market in contrast to gambling on casinos which is what we are differentiating here. We did not relate it to the situation of liquidation of the company the way you are now driving it towards it. Don't you think that's a different ballgame as the mode of operation is different from the safety concern which is not peculiar to the financial market alone? But notwithstanding, there are still answers for them. I've lived in the trading/investment environment for years (a year to 2 decades) and I've never been swindled by a broker or been affected by a broker's insolvency to date. Anyone who is affected by this can only be considered a novice or not smart.

As I always advise, it is better you carefully select the broker you would use for your investments and trading activities unless you do not have a reasonable amount of assets with them or you are just not serious about the investment. I make sure that all my brokers are truly Regulated and "Insured." This is not a child's play for me, it is a serious business. Aside from that, if you are relating the insolvency to brokerage companies, can't casinos so insolvent as well? That is why I do not see that as a valid point since it is a deviation from what we are both trying to establish which is relating to the core functions and risks of both classes of business in relation to their mode of operation.
I marked the main difference between us Smiley
I`ve got nice results(as for me) in gambling and know how to make money here. But the same time i don`t have time/skills/knowledge for trading. I think that you have the same situation if we change gambling and trading.
The result is the same. I protect my way of getting profit, you protect your way. I sure that you believe, that getting stable profit from gambling just a luck, but the same i think about trading.
PS. I have some long time assets, but i don`t trade.
both gambling and trading can make us good money but we must always remember that not all the time we got profit cause there's a possibility that we will loss our money  especially in gambling not all the time we can make a good profits cause it will base on luck and if we don't have luck then we can't win in gambling also in trading if we are not lucky enough then we loss our Money.  So in both of these we need a good strategy band luck so that we can make s profit in the future.

People need to know that both have similar risk but the other one which is trading can give more bigger chances if they do a research and have experience to deal with several scenarios in the market. In gambling although we are not sure here but the one we can gain with these platforms are fun  and from here it triggers competitive spirit that's why we continue to gamble since we enjoy those activities we have done in gambling platforms. But for me both should not be compared since its up for those people on what they like to participate and at the end of the day it matter the most on where they enjoy to spend their money.

R


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March 09, 2024, 06:06:16 PM
 #153

I marked the main difference between us Smiley
I`ve got nice results(as for me) in gambling and know how to make money here. But the same time i don`t have time/skills/knowledge for trading. I think that you have the same situation if we change gambling and trading.
The result is the same. I protect my way of getting profit, you protect your way. I sure that you believe, that getting stable profit from gambling just a luck, but the same i think about trading.
PS. I have some long time assets, but i don`t trade.

What he says is very interesting, because clearly in trading there are ways to operate to protect our money, it just takes a lot of concentration, but in the game I have not found any regrets about making it possible to protect it, because it is always dependent on the luck, and that's something you can't control.

On the other hand, when you say protect in trade, there is a way that I don't know if you have done, I read that strategy in a Livermore book, and applying it to the current market it is as if you put your money in bitcoin in Long, but you want to protect your position, then you open another position in Shrot and with a leverage, a leverage that you can handle, then if the Long position begins to fall or the market goes against the Short you can win, and It is done in such a way that if we lose in LONG, in Short we would be earning the normal amount and above the Long, and since it is more difficult for the market to go in LONG, it is easy to disable the Sshort option, but this is something very risky, only with nerves of steel and with great care can you make good movies.

Now to find out how to protect the balance in a casino, well things are different, what I can say is that to protect yourself is to play with the minimum balance and establishing a small amount willing to lose, is what occurs to me.

But the previous one that I said was for only traders, and it is risky, but it is protection, but based on an investment, it is recommended to leave it in Bitcoin and be more aware that it is rising.
It is interesting. The difference that he is specialist in trading and i`m specialist in gambling. I`m winning for 3 years. Of course, not all my bets, some times even week can be with debt, but every month i get profit. Sometimes big, sometimes small enough. But i said that i have to split time between family, hobbies, job and gambling. For stable winning you have to work hard, in any other way it will be only luck.

Well, the truth is worth admiring, having 3 years of consistent earnings then it could be said that you are approaching the level of Professionalism and being a successful player , of course , for this you already have "the shot at this" just like They say it here but it's good because then here many should take your example and See if you can be Successful without being a person who falls into Addiction or something similar , the Truth is I have tried to be like that, but it is difficult, Of course dealing with intermittent games in the casino is something that Seems more difficult to me, with sports betting I think the possibility of winning and making more money.

Personally, I admire people who sound like you because they are Basically breaking statistics, and well, I hope you continue like this and that the success rate is higher every day.

It is important that each person who is in the forum and seeks to be like this, gives importance to what you publish because it is a way to follow people who know.

It is really difficult to find people who have a Positive balance above the negative balance , being in constant profits in the casino is practically a blessing, what I tell you is that you continue like this because you are a good example for many players.

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mak013
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March 10, 2024, 02:25:06 PM
 #154

It is interesting. The difference that he is specialist in trading and i`m specialist in gambling. I`m winning for 3 years. Of course, not all my bets, some times even week can be with debt, but every month i get profit. Sometimes big, sometimes small enough. But i said that i have to split time between family, hobbies, job and gambling. For stable winning you have to work hard, in any other way it will be only luck.

Well, the truth is worth admiring, having 3 years of consistent earnings then it could be said that you are approaching the level of Professionalism and being a successful player , of course , for this you already have "the shot at this" just like They say it here but it's good because then here many should take your example and See if you can be Successful without being a person who falls into Addiction or something similar , the Truth is I have tried to be like that, but it is difficult, Of course dealing with intermittent games in the casino is something that Seems more difficult to me, with sports betting I think the possibility of winning and making more money.

Personally, I admire people who sound like you because they are Basically breaking statistics, and well, I hope you continue like this and that the success rate is higher every day.

It is important that each person who is in the forum and seeks to be like this, gives importance to what you publish because it is a way to follow people who know.

It is really difficult to find people who have a Positive balance above the negative balance , being in constant profits in the casino is practically a blessing, what I tell you is that you continue like this because you are a good example for many players.
It is easy to understand. The main part of people think that gambling(and sport betting as a part of it) is just easy money, depends on luck. And if someone wins regularly or big sums - he is just lucky. That`s why lots of losers - they hope they are lucky. But the truth is that if you want to win, to get stable profit - you must work hard. Analyze matches, search some hidden information, searching online translations, etc. No one thinks about it - they see just lucky guy who easy get profit from gambling.

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delfastTions
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March 13, 2024, 08:01:23 AM
 #155

It is interesting. The difference that he is specialist in trading and i`m specialist in gambling. I`m winning for 3 years. Of course, not all my bets, some times even week can be with debt, but every month i get profit. Sometimes big, sometimes small enough. But i said that i have to split time between family, hobbies, job and gambling. For stable winning you have to work hard, in any other way it will be only luck.

Well, the truth is worth admiring, having 3 years of consistent earnings then it could be said that you are approaching the level of Professionalism and being a successful player , of course , for this you already have "the shot at this" just like They say it here but it's good because then here many should take your example and See if you can be Successful without being a person who falls into Addiction or something similar , the Truth is I have tried to be like that, but it is difficult, Of course dealing with intermittent games in the casino is something that Seems more difficult to me, with sports betting I think the possibility of winning and making more money.

Personally, I admire people who sound like you because they are Basically breaking statistics, and well, I hope you continue like this and that the success rate is higher every day.

It is important that each person who is in the forum and seeks to be like this, gives importance to what you publish because it is a way to follow people who know.

It is really difficult to find people who have a Positive balance above the negative balance , being in constant profits in the casino is practically a blessing, what I tell you is that you continue like this because you are a good example for many players.
It is easy to understand. The main part of people think that gambling(and sport betting as a part of it) is just easy money, depends on luck. And if someone wins regularly or big sums - he is just lucky. That`s why lots of losers - they hope they are lucky. But the truth is that if you want to win, to get stable profit - you must work hard. Analyze matches, search some hidden information, searching online translations, etc. No one thinks about it - they see just lucky guy who easy get profit from gambling.
It really seems to many people that such a player is simply lucky. 

Although some of these lucky ones tell people around them that they actually carefully and thoroughly study the question of what kind of bet and at what point in time should be made.  However, I think that those who are superficial about this type of activity still do not believe that such a player has put a lot of effort into his such a successful game and continue to simply consider him a lucky person who is simply lucky.  In my opinion, if you don’t conduct such research yourself, then this is a simple argument in case of constant failures.  You're just unlucky, that's all!  And I’m just too lazy to study the issue of optimal rates and don’t want to waste my time.

 But I think that those players, and indeed the people around you, who are simply smarter than others, understand the importance of such analytical work of this very lucky person.

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March 13, 2024, 10:10:23 AM
 #156

Stocks can play you, investment brokers can as well play you when you're into making business with them because you cant trust people when it comes to issues that pertains money being involved, but a reputable casino is not playing you and cant play you, you're gambling for fun and not for business the way you do with stock markets and crypto brokers, gambling gives us fun and we are playing games at the course and this is strictly different from making business.
I think it is who plays us and who we are playing .

for me I am not dealing in Stocks , never in forex and never enters brokerage so for me it is Casino that I trust more  Grin Wink and obviously gambling is about playing , we are playing in casino and yes casino is also playing with us so what ever the problem is? we have consent to what is happening .

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March 13, 2024, 01:10:40 PM
 #157

It is easy to understand. The main part of people think that gambling(and sport betting as a part of it) is just easy money, depends on luck. And if someone wins regularly or big sums - he is just lucky. That`s why lots of losers - they hope they are lucky. But the truth is that if you want to win, to get stable profit - you must work hard. Analyze matches, search some hidden information, searching online translations, etc. No one thinks about it - they see just lucky guy who easy get profit from gambling.
It really seems to many people that such a player is simply lucky. 

Although some of these lucky ones tell people around them that they actually carefully and thoroughly study the question of what kind of bet and at what point in time should be made.  However, I think that those who are superficial about this type of activity still do not believe that such a player has put a lot of effort into his such a successful game and continue to simply consider him a lucky person who is simply lucky.  In my opinion, if you don’t conduct such research yourself, then this is a simple argument in case of constant failures.  You're just unlucky, that's all!  And I’m just too lazy to study the issue of optimal rates and don’t want to waste my time.

 But I think that those players, and indeed the people around you, who are simply smarter than others, understand the importance of such analytical work of this very lucky person.
Today i lost about $100. I think that i was unlucky, But yesterday i was lucky and got about $150. Smiley
Seriously, yesterday there were lots of interesting for me matches, i got enough information and i could choose interesting odds. And today there are just few matches and i try to get something from it. Sometimes it works, but not today. The best decision in such situation is not to bet, but i have yesterday money and due to it decided to risk. It was wrong decision Smiley

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LUCKMCFLY
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March 13, 2024, 03:17:38 PM
 #158

Today i lost about $100. I think that i was unlucky, But yesterday i was lucky and got about $150. Smiley
Seriously, yesterday there were lots of interesting for me matches, i got enough information and i could choose interesting odds. And today there are just few matches and i try to get something from it. Sometimes it works, but not today. The best decision in such situation is not to bet, but i have yesterday money and due to it decided to risk. It was wrong decision Smiley
Well the important thing is that even though you lost those 100usd you are still in profits for those +50usd, the truth is I was about to lose money yesterday with the Porto and Arsenal match, because I was going to bet in favor of Porto and I was going to bet in favor of Napoli , but for me neither of the two teams seemed to me that one played more than the Other , the twoTeams for me are at the Same level, only here I had a problem and I couldn't do it, However today You have a good opportunity, today there are more UCL if you lost in UCL, but even so, you are in positive balance, and that is very valuable, I am sure that there are few like you and this Makes things different, in that As far as I'm concerned, I think that things with sports betting have a much better chance of Recovering, sports betting is Always a more benevolent Option than playing a specific game in a casino.

Today's betting criteria are interesting, where for me the Highlight will be Between Atletico and Inter, I could lean more towards Inter and between Dortmund and PSV I see Dormtund as the winner, however the match I don't want to miss It's Inter's, they are unstoppable in Serie A.

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March 14, 2024, 05:02:28 AM
 #159

are we forgetting that those people who use brokers also benefit from them? hence why i dont think it’s that bad of a thing for brokers to have a little commission here and there. nothing bad about their jobs especially that is where they are earning money … it seems like a job that is very profitable and risk-free so why not do it?  Wink
I don't think this kind of work is very risk-free. 
Although, of course, it is profitable and obviously they simply would not exist if they did not have good profits from clients.  As for the risk, it is of course likely to be reduced if the broker gains experience along the way.  But this experience can take many years, and by the way, the work itself is very nervous.  Almost always, the broker is worried while waiting for the results of how much his and his clients’ assets have become worth where he has invested these assets.  This expectation provokes a stressful situation.  And this happens all the time, one might say on a conveyor belt.  As a result, the nervous system is depleted, and as you know, nerve cells are not restored and the health of such a person is gradually lost much faster than that of an ordinary employee working at work without constant stress. 
In this case, I would consider such work very risky.
well yeah , nothing in this world is risk free though at least LESS RISK is what the best term to use in that part right?  Grin Grin
but still broker is on of the best job to have as long as you are already mature and knowledgeable in that area because most of the time this is capital free and you only need to use your connection and your Saliva to earn.

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March 14, 2024, 06:21:33 AM
 #160

It is easy to understand. The main part of people think that gambling(and sport betting as a part of it) is just easy money, depends on luck. And if someone wins regularly or big sums - he is just lucky. That`s why lots of losers - they hope they are lucky. But the truth is that if you want to win, to get stable profit - you must work hard. Analyze matches, search some hidden information, searching online translations, etc. No one thinks about it - they see just lucky guy who easy get profit from gambling.
It really seems to many people that such a player is simply lucky. 

Although some of these lucky ones tell people around them that they actually carefully and thoroughly study the question of what kind of bet and at what point in time should be made.  However, I think that those who are superficial about this type of activity still do not believe that such a player has put a lot of effort into his such a successful game and continue to simply consider him a lucky person who is simply lucky.  In my opinion, if you don’t conduct such research yourself, then this is a simple argument in case of constant failures.  You're just unlucky, that's all!  And I’m just too lazy to study the issue of optimal rates and don’t want to waste my time.

 But I think that those players, and indeed the people around you, who are simply smarter than others, understand the importance of such analytical work of this very lucky person.
Today i lost about $100. I think that i was unlucky, But yesterday i was lucky and got about $150. Smiley
Seriously, yesterday there were lots of interesting for me matches, i got enough information and i could choose interesting odds. And today there are just few matches and i try to get something from it. Sometimes it works, but not today. The best decision in such situation is not to bet, but i have yesterday money and due to it decided to risk. It was wrong decision Smiley
Well, in any case, your winnings 2 days ago are more than what you lost yesterday, and that’s good news!  And so we can say another lesson taught to you by the gambling market itself.  On the other hand, we all go through this from time to time and we should just forget about it automatically and quickly.  Smiley

are we forgetting that those people who use brokers also benefit from them? hence why i dont think it’s that bad of a thing for brokers to have a little commission here and there. nothing bad about their jobs especially that is where they are earning money … it seems like a job that is very profitable and risk-free so why not do it?  Wink
I don't think this kind of work is very risk-free. 
Although, of course, it is profitable and obviously they simply would not exist if they did not have good profits from clients.  As for the risk, it is of course likely to be reduced if the broker gains experience along the way.  But this experience can take many years, and by the way, the work itself is very nervous.  Almost always, the broker is worried while waiting for the results of how much his and his clients’ assets have become worth where he has invested these assets.  This expectation provokes a stressful situation.  And this happens all the time, one might say on a conveyor belt.  As a result, the nervous system is depleted, and as you know, nerve cells are not restored and the health of such a person is gradually lost much faster than that of an ordinary employee working at work without constant stress. 
In this case, I would consider such work very risky.
well yeah , nothing in this world is risk free though at least LESS RISK is what the best term to use in that part right?  Grin Grin
but still broker is on of the best job to have as long as you are already mature and knowledgeable in that area because most of the time this is capital free and you only need to use your connection and your Saliva to earn.
Yeah, I think I agree with you that such work of brokers cannot be called too risky. 
This is probably more of a medium risk job.  And much, of course, depends on the experience and rational gaming behavior of the broker.  And it also depends on the character traits of these people.  But I am convinced of one thing - that such activity is very exhausting work for the nervous system.  I think that anyway, brokers are constantly in a fairly serious stressful situation and this, in turn, provokes the emergence of various other diseases.  So this kind of work can be considered “harmful”.

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