Why I think trading is no different from Gambling!

[Iranus]

>well am no fan of Gambling, due to my experiences in the past, I decided I would quit gambling.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact  that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.

I think your thinking is wrong. If you are spot trading it will never amount to gambling. Because in gambling when you stake any amount you either lose there or get your money back according to the odds. But in spot trading, you will never lose your money completely, but if you buy potential coins, if the price of the coins falls after buying them, then you will get a chance to hold them and recover the price and sell them at a profit. But if you want to do future or margin trading then it will behave like gambling because here you can lose your money completely like gambling which will have no chance of recovery as in case of gambling.

Futures or spot trading will be like gambling if you trade based solely on luck or unfounded predictions, and not your knowledge.

If you use spot trading but don't set up stop-loss and take-profit orders, you're just buying and holding until you make a profit, and that can take several months. I think you are investing for the medium term, not trading. Once called trading, it means you need to follow the take profit/stop loss rule and if you fall into a constant stop loss state, you will also lose money.

I think the difference between trading and gambling is our knowledge. People with knowledge about trading never consider trading as gambling, on the contrary, people who have never traded or have no knowledge about it consider trading and gambling the same.

[Mr.sprin]

Futures or spot trading will be like gambling if you trade based solely on luck or unfounded predictions, and not your knowledge.

If you use spot trading but don't set up stop-loss and take-profit orders, you're just buying and holding until you make a profit, and that can take several months. I think you are investing for the medium term, not trading. Once called trading, it means you need to follow the take profit/stop loss rule and if you fall into a constant stop loss state, you will also lose money.

I think the difference between trading and gambling is our knowledge. People with knowledge about trading never consider trading as gambling, on the contrary, people who have never traded or have no knowledge about it consider trading and gambling the same.

For me, trading and gambling are very different, because when we start trading, we have prepared ourselves thoroughly, and are mentally strong so that everything that happens will be accepted and can be corrected for a better future, and we also have to master extra patience. to lead to good changes for our trading to be even better than the previous day.

Gambling is only about seeking profits through luck, we cannot be sure that we will continue to make profits when we start gambling, what we have to remember, when we start gambling, the first thing we have to accept is a loss, even if we win or win. Profitable means luck is on our side, so the difference between trading and gambling is clear.

[Adbitco]

Investment in memecoin is very risky that was why it was classified as gambling and of course anyone who is investing in meme should do their proper research otherwise it would turns out to be gamble where you put money and it disappears just like that. As you said trading is very cool but if they don't have the right knowledge and the right coin to invest in you would feel is gambling because you are following the knowledge that relates with trading.

What kind of research can you do with memecoins? The vast majority of them have nothing but a token and possibly work with a market maker who can promote them with good listings, but after that, be sure that the price will go down and everyone who didn't manage to get out in time, or even worse, bought at highs, will be left with huge losses with no chance of getting back what they lost. I have never bought memecoins because I think it is possibly even worse than gambling, in my understanding of gambling (betting). In general, trading and gambling can be compared, but if you delve into this issue, there are also many differences.

There are people who loves memecoin naturally because they felt that meme gives them instant profits from when they acquired it to listing phases, most people has made millions out of holding meme coin this now build the urge of people venturing into holding memecoin. But at times it goes the opposite knowing that it's not what they would invest with amount they can't afford to lose.

You will be lucky if you happen to invest in meme coin or token which are gaining profits in the market. Most of them are having short lifespan as once the team dumped their holdings, they won"t go back anymore. Probably, create another project and siphon again the funds of those gullible users.

This could be true because the rate at which some get dumped is so alarming which investors needs to be very careful and mindful. It's already the season to start trapping newbies invest who doesn't know how these new coins are being infiltrated into the market, what more it's very important to know the right time to bag up whatever volume they could feels like.

These may be mostly uncertain targets but following proper selection process may be fruitful for you though I am not sure. New coins are entering the market at various angles to attract investors which can be a confusing decision for new investors. According to me some criteria should be followed in investment so that it is easy to ensure proper utilization of invested capital and get profit.

What criteria should be followed you can as well list them here maybe we can see it, because if investor or trader doesn't mind the kind of coins to trade or to stop trading shticoin to enable them control their lost what others modalities do you think should be implement to avoid being entrapped? Well, like I already said, avoiding newly listed coin helps although sometimes they are also profitable if invested in a good coin and one could make some x from their investment or trading.

[shawonngp]

Trading is no different from gambling if you look at a newbie's perspective. But if you look at a professional trader's point of view, you will know that there's more to trading than gambling. While both can be prone of losing most especially for beginners, but with skills and good strategies applied in trading, there is higher rate of success and earning decent profits compared to gambling alone where everything relies on luck and chances.

You are right; trading is never like gambling for the veteran traders, because they know well about trading and not greedy, gambling is different thing where a gambler always seeking to get big profits again and again, they never want to lose but in trading you have to big lose at first time and then you learn from mistakes.

[NicNacCoin]

>well am no fan of Gambling, due to my experiences in the past, I decided I would quit gambling.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact  that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.

In fact, if you want to do trading, you have to gain experience. Without experience you cannot succeed in trading on a trading platform. Gambling is totally based on luck here if luck is good you can win gambling but trading platform depends on your own experience if you can trade with good experience then surely you can earn money from trading platform. You lacked a lot of money which may have caused you to try to make money too fast which caused you to repeatedly fail on the trading platform. Be patient avoid excessive greed then you will be able to make money from trading platform.

[Silberman]

For me, trading and gambling are very different, because when we start trading, we have prepared ourselves thoroughly, and are mentally strong so that everything that happens will be accepted and can be corrected for a better future, and we also have to master extra patience. to lead to good changes for our trading to be even better than the previous day.

Gambling is only about seeking profits through luck, we cannot be sure that we will continue to make profits when we start gambling, what we have to remember, when we start gambling, the first thing we have to accept is a loss, even if we win or win. Profitable means luck is on our side, so the difference between trading and gambling is clear.

They are supposed to be different, but the way people trade on this market in particular makes it obvious that for them trading and gambling are the same thing, and we can easily see many examples of this, since newbies in their rush to make as much money as they can, invest in all kind of altcoins hoping for at least one of those coins to experiment massive growth, and since they do this without knowing how to identify good projects and with minimal preparation, it is obvious that what they are doing is no different than gambling.

[Natalim]

If you've lose a lot from both trading and gambling, you can really attest that they are both the same. But if you make more profits from trading alone compared to gambling, you can't tell that trading is like gambling. With trading, if you have the skills and the right strategies to make an edge over its uncertain market, you will be creating some profitable gains, but if you only rely on luck same what you did in gambling, well you will definitely lose in both aspects.

[ndutndut]

In my opinion, trading and gambling have quite significant differences, even though the risks are the same, namely both causing losses. In essence, the difference between trading and gambling can be seen in terms of our attitude, mindset, and goals.

In terms of attitude and mindset in trading, we prioritize knowledge and self-development to achieve success. While in gambling we only rely on chance and luck. Likewise, in terms of goals, it is very different, in gambling we want to get quick profits by betting on something that is uncertain, after betting we just have to wait to win or lose. While the goal of trading is that it can be used as a business, and also as an investment. we don't lose even if we don't sell it even though the price is going down.
So, I don't agree if gambling and trading are equated because there are clearly many differences. Unless trading is done without knowledge, then it can be equated with gambling.

[Frankolala]

Futures or spot trading will be like gambling if you trade based solely on luck or unfounded predictions, and not your knowledge.

If you use spot trading but don't set up stop-loss and take-profit orders, you're just buying and holding until you make a profit, and that can take several months. I think you are investing for the medium term, not trading. Once called trading, it means you need to follow the take profit/stop loss rule and if you fall into a constant stop loss state, you will also lose money.

I think the difference between trading and gambling is our knowledge. People with knowledge about trading never consider trading as gambling, on the contrary, people who have never traded or have no knowledge about it consider trading and gambling the same.

For me, trading and gambling are very different, because when we start trading, we have prepared ourselves thoroughly, and are mentally strong so that everything that happens will be accepted and can be corrected for a better future, and we also have to master extra patience. to lead to good changes for our trading to be even better than the previous day.

Gambling is only about seeking profits through luck, we cannot be sure that we will continue to make profits when we start gambling, what we have to remember, when we start gambling, the first thing we have to accept is a loss, even if we win or win. Profitable means luck is on our side, so the difference between trading and gambling is clear.

Trading can be called gambling when the trader does not understand the market or have any knowledge of what he is doing. There are some traders that instead of them to pause their trade due to the market movement, you will see them selling or buying which will make them run at loss. Such people are the ones that are gambling feeling that they are trading.

We can have a professional trader because it is a skill but gambling is more of luck and not a skill which the chance of you losing or winning is not by your own doing but by luck. While in trading making profit is by the trader own doing and that is why one needs to take his time to learn trading and become an expert to avoid you gambling with your funds.

[Adiepretty]

If you don't know what you're doing and you're just depending on chances, trading will become like gambling. I always tell this to my friends when they tell me they want to learn how to trade. In order for it to not become like gambling, you shouldn't just go trading without knowing anything about it. Learn, read, and watch a lot before trading. I advise to learn how to trade for 4 to 5 months. Do your own research or enroll in a trading class where a professional will teach you how to trade. With that you'll be profitable and it won't be like gambling.

[Yeesha]

Futures or spot trading will be like gambling if you trade based solely on luck or unfounded predictions, and not your knowledge.

If you use spot trading but don't set up stop-loss and take-profit orders, you're just buying and holding until you make a profit, and that can take several months. I think you are investing for the medium term, not trading. Once called trading, it means you need to follow the take profit/stop loss rule and if you fall into a constant stop loss state, you will also lose money.

I think the difference between trading and gambling is our knowledge. People with knowledge about trading never consider trading as gambling, on the contrary, people who have never traded or have no knowledge about it consider trading and gambling the same.

For me, trading and gambling are very different, because when we start trading, we have prepared ourselves thoroughly, and are mentally strong so that everything that happens will be accepted and can be corrected for a better future, and we also have to master extra patience. to lead to good changes for our trading to be even better than the previous day.

Gambling is only about seeking profits through luck, we cannot be sure that we will continue to make profits when we start gambling, what we have to remember, when we start gambling, the first thing we have to accept is a loss, even if we win or win. Profitable means luck is on our side, so the difference between trading and gambling is clear.

Trading and gambling are two different things, because it is very hard to identify the similarities between the both of them, traders usually trade with the aim of making profit and so also gamblers also gamble with the aim of making profit, but the differences between them is that, a trader can be successful in trading with the help of aquiring knowledge, skills, being patient, understanding and good experiences, lose in trading is like a mistake and if it is corrected, you will learn good experience from it, and it will stand as a better chance for you in feature.

gamblers depend on luck, they doesn't have any special knowledge on gambling, when a certain amount of money is use by a gambler to gamble and he/she lose, they lose for good, and they will not learn any good experience from it, sometimes gambling lead to serious conflict between the the gamblers.

[pusaka]

If you've lose a lot from both trading and gambling, you can really attest that they are both the same. But if you make more profits from trading alone compared to gambling, you can't tell that trading is like gambling. With trading, if you have the skills and the right strategies to make an edge over its uncertain market, you will be creating some profitable gains, but if you only rely on luck same what you did in gambling, well you will definitely lose in both aspects.

That's what makes it different, I think in any case it will turn into gambling if we only hope for luck, for example in investment, when we don't know anything about investment and do it with the hope that luck will come, it's the same as gambling. While we all know that in investment or trading we must have knowledge and skills to be able to bring profit to us. In gambling everything becomes ashes and what works is only our luck, we can't apply strategies or things like that in gambling because when we are not lucky enough then we will experience defeat. It's different with trading, we need knowledge and if our knowledge is enough then profit will come to us.

[Zigabel]

>well am no fan of Gambling, due to my experiences in the past, I decided I would quit gambling.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact  that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.

You are wrong, trading isn't gambling and gambling isn't trading either, tho they may share what looks like similarities, that doesn't make them same thing,  two vehicles can share almost same futures but it still doesn't make them same vehicle. One major difference between trading and gambling is the professionalism that applies with trading that can never be seen with gambling but greedy can bring everyone to a leveling ground of losses which is one thing both shares so well, having a pattern for risk definition is another thing trading has got that isn't found with gambling, and gambling is mostly seen as a form of entertainment but trading is a skill and a profession not a hobby. The list of differences goes on, I just want you understand that sharing similarities doesn't make them same thing and the similarities they share is fewer than their differences.

[adaseb]

There is a difference between trading and gambling.

Gambling is purely most of the time by chance, unless you are some professional Poker player which is good at reading peoples faces. Trading does have an advantage because its not completely random as some casino games such as Roulette.

If you have experience you can beat the market more than lose, and if you let your winners run and keep your losers small, then you will come out ahead. Look at Warren Buffet, do you consider him to be a gambler? Look at all those professionals on Wall Street and Financial advisers, they are definatley not gamblers.

If you take 100x trades with a derivative exchange and end up blowing your accounts left and right then its very close to gambling but if you do proper analysis and buy on spot or low leverage then its a good strategy and you can be profitable.

[cute nmp]

There are two different things entirely trading , Trading involve a calculated risk and knowledge of it while in gambling there is no such thing . I will rather do trading all day long than gamble with any of my money .

[Jewan420]

There are two different things entirely trading , Trading involve a calculated risk and knowledge of it while in gambling there is no such thing . I will rather do trading all day long than gamble with any of my money .

Although there are some differences between trading and gambling, we cannot say that trading is better than gambling. This would be absolutely foolish, the trade should never be promoted. If one wants to engage in trade then he should enter trade on his own initiative. Because trading and gambling are almost the same in terms of risk. Chances of losing both are very high. Even if you are a professional trader, you still need to rely on luck to make a profit.

While knowledge is important in trading, you would be wrong to say that luck is not necessary. I consider trading to be one of the many types of gambling. I don't think there is any way to call the trade out of gambling. Many times we play sports with money, win money and lose money by losing, where skill plays a big role. Can you tell it's not part of gambling? I think it's gambling of course. That is, there are several types of gambling where trade gambling is one type.

[shawonngp]

If you've lose a lot from both trading and gambling, you can really attest that they are both the same. But if you make more profits from trading alone compared to gambling, you can't tell that trading is like gambling. With trading, if you have the skills and the right strategies to make an edge over its uncertain market, you will be creating some profitable gains, but if you only rely on luck same what you did in gambling, well you will definitely lose in both aspects.

Newbies consider trading and gambling both of same. They expected profits in trading but when see they lost everything at end up, their mind is changing about trading like it's same to gambling. Lack of skill they lose in every market as like crypto trading, gambling and forex trading.

[Fredomago]

If you've lose a lot from both trading and gambling, you can really attest that they are both the same. But if you make more profits from trading alone compared to gambling, you can't tell that trading is like gambling. With trading, if you have the skills and the right strategies to make an edge over its uncertain market, you will be creating some profitable gains, but if you only rely on luck same what you did in gambling, well you will definitely lose in both aspects.

Newbies consider trading and gambling both of same. They expected profits in trading but when see they lost everything at end up, their mind is changing about trading like it's same to gambling. Lack of skill they lose in every market as like crypto trading, gambling and forex trading.

Thinking about making money in a quick way, that's how newbie treat trading they just look at it as income opportunities without weighting the risk that they are going to face, they just realize things when they already lose a lot and most the time those who suffer from gret loss thinks that trading is a scam.

They lose and leave the the market as they mistakenly treats trading as it was been played like gambling which more on luck and not with understanding and knowledge.

[Casdinyard]

trading fundamentally is not so different from gambling, but the thing about them is that gambling is fundamentally created as a form of entertainment, and thus everything about it would revolve around having fun, entertainment, and shit related to it. While trading is created for the sake of providing profits to those who would accurately predict the market's movement, and while a case could be made about how predicting how the market's gonna go is similar to betting on how certain situations on games would end up, the market is pretty much deterministic compared to games and rounds, which have a lot of turning gears on them, sometimes having the casino even play a part on how some situations will end up. So yeah, it's not similar to one another, but they are kinda correlated if you're really going for that shit.

[doomloop]

There is a difference between trading and gambling.

Gambling is purely most of the time by chance, unless you are some professional Poker player which is good at reading peoples faces. Trading does have an advantage because its not completely random as some casino games such as Roulette.

If you have experience you can beat the market more than lose, and if you let your winners run and keep your losers small, then you will come out ahead. Look at Warren Buffet, do you consider him to be a gambler? Look at all those professionals on Wall Street and Financial advisers, they are definatley not gamblers.

If you take 100x trades with a derivative exchange and end up blowing your accounts left and right then its very close to gambling but if you do proper analysis and buy on spot or low leverage then its a good strategy and you can be profitable.

Actually, people who compare trading to gambling don't know anything about trading. They have only heard about trading, they do not know about Bitcoin or any altcoin, they have never tried it, and never invested or spent any time in research because once you experience it yourself, it is easier for you to decide what is actually beneficial or harmful.

I have never seen any coin or game in gambling that is said to be profitable. It may be beneficial in the future, while in trading we invest money now, after some time we get it double or even more. And the second thing is that the profit or loss in trading is based on your own education and experience. That's why I never react to people who call trading gambling because I know they don't understand anything about trading and are posting and commenting on hearsay.