Why I think trading is no different from Gambling!

[Altryist]

Understanding crypto trading is something that takes an insane amount of learning, which is why it is not an easy thing, a lot of people fail to do it and a lot of people will never be good at it as well. I have to insist that if you really know what you are doing then you wouldn't really have this issue.

I believe that trading is a craft and something not a lot of people make money from, which is why the ones who fail to do it, consider it gambling because they never understand why they lose. If you knew what you should be doing then you would not consider this as gambling. I gamble almost daily, I trade almost daily too, and I can see the difference between them, it is not easy and there is a big difference for sure.

There is a difference between trading and gambling, but for someone who tries to act at random in trading, it will be a deal of luck, just as in gambling it will be impossible to achieve any positive result without analysis. The difference is that in gambling there is a greater risk of losing the entire bet quite quickly, but the odds will most likely be significantly higher than the possible profit in trading, that is, in trading it is also possible to earn such a profit, but over a longer period.

[Fredomago]

>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?.

If you’re a beginner at trading and you’ve not really gone in-depth into it to understand how to really trade, you’ll see it as gambling but believe me it’s not gambling. You only gamble in something you’re not sure of its outcome, no certainty whatsoever, you just predict it to go in a direction you foresee it to go. If you’re grounded in the knowledge of trading, you’ll be profitable. It’s a school that requires you to understand it and not just come into it and predict anything your mind tell you. Knowledge works in gambling so much and if you’re able to apply that sound knowledge into it, you’ll be profitable and you won’t see it as gambling.

Good point, it's a non-stop learning process which time to time the level of competition increase, you can't just stuck with the knowledge you got as you need to keep moving forward, traders who think that trading is the same with gambling will lose a lot, they more on hoping that they pick the right market direction and be lucky to grab or harvest their success, while those who deal with research and good analyzis, they've got higher chances of success.

It's on your perspectives and on how you execute your plan strategy to keep yousrself in, and not to let yourself gamble with what will the market brings you, but anticipate the directions and properly place your target on both entry and exi executions.

[bitgolden]

When you don't have the knowledge of trading, that is when you see people like this thinking trading is like gambling, which is not true because you can have full assurance of making money from trading when you have the knowledge but it will be hard for you to have full assurance of making money from gambling everyday even though you have the knowledge of gambling.

No matter how good you are in the gambling, it will be hard for you to maintain the winning  regularly because the risk to win regularly from gambling is very high, but the risk to win from trading regularly is very low when you have the experience and it will be hard to some people to discourage you not to go into trading because they know that, is more profitable than gambling. I have little budget on gambling daily because I know the risk involve, and if you are not careful with gambling, you can be addicted to it, and it will make you to lose so much money, but no matter the amount of money you use to trade in the market, it will increase your profit when you have the knowledge.

I do not think that anyone can have full assurance from trading, even if they know everything there is to know about trading. Even the biggest best trading professionals end up losing money, even wall street does, you just take one too many risks eventually.

When you are too good, it means that you make money, and when you make a bit of money, you want to make more, and when you make more, you want to make even more and it goes on, like and addiction. Hell there are people who have billions, some even over hundred billion, you think they "need" that money, its like an addiction and they want to keep making more for some reason.

This means that traders, even at their fullest, will end up making a mistake eventually, because that's what they do, they risk. If you are a newbie every trade is a risk, if you are a veteran then you find what would be the riskiest and most profitable and you take that and while you are sometimes right, you could always be wrong as well.

[Altcoiner007]

Every true trader knows trading is similar with gambling but you can beat the odds with technical analysis which exactly what I believe you are lacking at this point because you sound ignorant of what trading could really do to someone who is generally new to it. if you know and understand trading fully you would understand that you most of ones actions that turn out to fall are based on poor analysis and lack of knowledge that you have everything on trading as 50/50. once you know that you would never regret anymore.

Hence OP if you are new to trading I think you having the mentality that you would make money from it asap is very delusional because every pro trader you see is an example of failed and try again, patience, discipline and consistency. they all had a bad story but kept doing it before they saw the profit so you should be aware that your are gambling your money but slightly better if you follow good analysis.

I can agree with you! People opt for trading as a skill as a way to "Get rich" ASAP! That alone is a red flag! You'll get hurt multiple times. But like you said patience, discipline, and consistency helps a whole lot.

[dunfida]

When you don't have the knowledge of trading, that is when you see people like this thinking trading is like gambling, which is not true because you can have full assurance of making money from trading when you have the knowledge but it will be hard for you to have full assurance of making money from gambling everyday even though you have the knowledge of gambling.

No matter how good you are in the gambling, it will be hard for you to maintain the winning  regularly because the risk to win regularly from gambling is very high, but the risk to win from trading regularly is very low when you have the experience and it will be hard to some people to discourage you not to go into trading because they know that, is more profitable than gambling. I have little budget on gambling daily because I know the risk involve, and if you are not careful with gambling, you can be addicted to it, and it will make you to lose so much money, but no matter the amount of money you use to trade in the market, it will increase your profit when you have the knowledge.

I do not think that anyone can have full assurance from trading, even if they know everything there is to know about trading. Even the biggest best trading professionals end up losing money, even wall street does, you just take one too many risks eventually.

When you are too good, it means that you make money, and when you make a bit of money, you want to make more, and when you make more, you want to make even more and it goes on, like and addiction. Hell there are people who have billions, some even over hundred billion, you think they "need" that money, its like an addiction and they want to keep making more for some reason.

This means that traders, even at their fullest, will end up making a mistake eventually, because that's what they do, they risk. If you are a newbie every trade is a risk, if you are a veteran then you find what would be the riskiest and most profitable and you take that and while you are sometimes right, you could always be wrong as well.

There's no assurance about trading and it is really that too wrong that you will be making yourself having that kind of mindset or fixating yourself that you could be able to achieve such situation because dealing up with this unpredictable space is something that wont giving out that assurance that you could make sure profits but of course it will really be just that depending on how well you do make out trading decisions on which we know that it would really vary on each trader. This is why its really that important that you should really know on what you are doing on the moment that you do deal up with this space. It is really just that too impossible that you cant be able to determine on what are the things that you should need to do for you to be able to make yourself that sustaining towards it. Trading would really be that becomes a gamble on the moment that you wont really be putting any analysis into it. There's a difference in between making up trading with executing basing up into applied analysis and making up some trading which isnt really that basing on any strategies or
analysis which is been applied. This is the time or moment that it would be considered as full gambling and this is something that not must be done when you do trade.

[Dewi Aries]

I think your point of view can be right but it can also be wrong, but I will still say that gambling and trading are two different things, I understand that you can get profit and loss in both activities, meaning gambling and trading are activities that provide profit opportunities but are also risky activities, meaning losses in trading are something natural especially when you are a beginner trader, because after all professional traders will still experience losses.

There are two things in common from trading and gambling, namely they are risky activities and also activities that can make people emotional and difficult to control themselves, but the only striking difference is that profits in gambling always depend on luck while profits in trading depend on how good your skills and knowledge are, and this is why traders are required to always be willing to learn new things, because the more knowledge you have, the greater the chances of profit you will get and the smaller the chances of loss you will experience.

[Natalim]

Understanding crypto trading is something that takes an insane amount of learning, which is why it is not an easy thing, a lot of people fail to do it and a lot of people will never be good at it as well. I have to insist that if you really know what you are doing then you wouldn't really have this issue.

I believe that trading is a craft and something not a lot of people make money from, which is why the ones who fail to do it, consider it gambling because they never understand why they lose. If you knew what you should be doing then you would not consider this as gambling. I gamble almost daily, I trade almost daily too, and I can see the difference between them, it is not easy and there is a big difference for sure.

There is a difference between trading and gambling, but for someone who tries to act at random in trading, it will be a deal of luck, just as in gambling it will be impossible to achieve any positive result without analysis. The difference is that in gambling there is a greater risk of losing the entire bet quite quickly, but the odds will most likely be significantly higher than the possible profit in trading, that is, in trading it is also possible to earn such a profit, but over a longer period.

In trading, if you know your craft well, you will inevitably end profiting. But with gambling, you won't be good enough no matter what, as long as there's no luck in you, you will always end losing your funds.

That's why there's no guarantee winning in gambling, even for gurus and high rollers, but with trading, if you know how to analyze the market well and you always have back up trading plan if ever the market makes a reversal, then you will be making decent profits in the end.

[Silberman]

In trading, if you know your craft well, you will inevitably end profiting. But with gambling, you won't be good enough no matter what, as long as there's no luck in you, you will always end losing your funds.

That's why there's no guarantee winning in gambling, even for gurus and high rollers, but with trading, if you know how to analyze the market well and you always have back up trading plan if ever the market makes a reversal, then you will be making decent profits in the end.

That is the difference, when you are gambling casinos have the edge, but if you are a good trader then you are the one that has the edge over most traders, so it is just a matter of time until you can see that edge reflected on your capital, and while sometimes an unexpected event can happen which can make you to lose some money, as long as you can persevere and you keep trading, then you will be capable of recovering the money you have lost so far.

[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.

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.

They thinking trading is easy way to make money then gambling, I know some people they lose a lot of money in gambling then they are coming in trading, So they are thinking trading is easy and quick way to make money but they also lost money in trading and then thinking trading is a big scam.

Indeed, there are people who have that kind of mentality moving to trading after not having a good run with their gambling, thinking that luck is also a factor and if chances  give them that kind of luck they might earn decently, but most of those who treats trading like gambling unable to manage to earn but mostly lose and quit their way thinking that trading is a scam business.

There are factors that needed to consider and you need a lot of time to work and be successful in this field not just bring your money in it and expect to earn decently.

Right; those people did not understand about trading and they just depend on luck but at end of the day they never able to make profits when they blame trading is scam, because the result is going against in their expectation. Who's depend on luck which can be gambling or trading they blaming these are scam.

[Dewi Aries]

They thinking trading is easy way to make money then gambling, I know some people they lose a lot of money in gambling then they are coming in trading, So they are thinking trading is easy and quick way to make money but they also lost money in trading and then thinking trading is a big scam.

Right; those people did not understand about trading and they just depend on luck but at end of the day they never able to make profits when they blame trading is scam, because the result is going against in their expectation. Who's depend on luck which can be gambling or trading they blaming these are scam.

This is the reason why we need to know what we are actually facing, in general, yes, trading and gambling do have many similarities, the most striking of which is in terms of profit opportunities and risk of loss and also the mental and psychological that can be affected, but actually in the scenario, the method is different, trading depends on how skilled and how much knowledge you have, while gambling mostly always depends on luck which is something that is natural and cannot be controlled by humans.

And I also quite agree with your assumption that people who think or say that trading is a scam are those who do not understand what and how trading really is, it is a big mistake if you trade by relying only on luck because in the end it will only waste a lot of your money.

[letteredhub]

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?.

Well when you are not schooled in trading and decides to trade because someone invites you to get along then you particularly gambling and not trading because, trading demands you know exactly what you're doing, the trading decisions you're making have to backed by rational analysis and not by your guts or luck.

A lot of newbie traders would say same thing about trading similar to gambling when they're lacking the knowledge because in as much as you're lacking in trading knowledge you're bound to losing each trade and it's no magic. The advise is that you should consider to try to perfect your trading skills than just trading out of ignorance and liken it to gambling.

[betswift]

Right; those people did not understand about trading and they just depend on luck but at end of the day they never able to make profits when they blame trading is scam, because the result is going against in their expectation. Who's depend on luck which can be gambling or trading they blaming these are scam.

Yep.
More analysis can be brought at display while trading, however, if you are not going long-term, it's still very hard to get the market every time all by yourself
That's the summary of it. Luck is everywhere, and it sure does like to rhyme.

[SamReomo]

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?.

Yes, you're totally wrong, trading and gambling both are different areas and to be honest someone who's a good trader almost never lose any money in trading while there are those gamblers who are quite good at gambling but still they lose money when their luck goes bad. In simple words, gambling is dependent on someone's luck while trading doesn't depend on someone's luck but on his/her skills.

[DarkState]

I think trading and gambling are two different things. Trading requires a well-planned and good strategy. But gambling is totally dependent on luck. Gambling does not require any elaborate plan or strategy. So its different.
Thank you.

[nara1892]

I think trading and gambling are two different things. Trading requires a well-planned and good strategy. But gambling is totally dependent on luck. Gambling does not require any elaborate plan or strategy. So its different.
Thank you.

Yes of course they are two different things but it is a fact that trading and gambling have a few similarities which are both involve money, opportunities and risks, and another similarity is that both can cause emotions when someone is involved, but the difference is as you said which trading requires a strategy to be able to make a profit while gambling requires luck.

That means the difference is in terms of how to get the profit, and from the approach I also think there are some suggestions that are indeed useful for both activities which are suggestions such as what we hear that a trader or a gambler is advised to only allocate a small amount of money or an amount of money that you can really afford to lose.

[Fredomago]

They thinking trading is easy way to make money then gambling, I know some people they lose a lot of money in gambling then they are coming in trading, So they are thinking trading is easy and quick way to make money but they also lost money in trading and then thinking trading is a big scam.

Right; those people did not understand about trading and they just depend on luck but at end of the day they never able to make profits when they blame trading is scam, because the result is going against in their expectation. Who's depend on luck which can be gambling or trading they blaming these are scam.

This is the reason why we need to know what we are actually facing, in general, yes, trading and gambling do have many similarities, the most striking of which is in terms of profit opportunities and risk of loss and also the mental and psychological that can be affected, but actually in the scenario, the method is different, trading depends on how skilled and how much knowledge you have, while gambling mostly always depends on luck which is something that is natural and cannot be controlled by humans.

And I also quite agree with your assumption that people who think or say that trading is a scam are those who do not understand what and how trading really is, it is a big mistake if you trade by relying only on luck because in the end it will only waste a lot of your money.

In trading, adjusments and adoptions is barely needed to keep yourself in-line with how the market behaves and like what you said gambling mostly relied with luck and if it's not on your favor mostly you suffer from loses, unlike with trading chances that the market will bounce back can give you the chance to recover, though knowledge and understanding really the big factors in terms of succeeding, not always relying with luck which is also a good factor as anticipation inside trading might be played by luck when the heavy pump take place and your set expectations has been reached.

[laijsica]

They thinking trading is easy way to make money then gambling, I know some people they lose a lot of money in gambling then they are coming in trading, So they are thinking trading is easy and quick way to make money but they also lost money in trading and then thinking trading is a big scam.

Right; those people did not understand about trading and they just depend on luck but at end of the day they never able to make profits when they blame trading is scam, because the result is going against in their expectation. Who's depend on luck which can be gambling or trading they blaming these are scam.

This is the reason why we need to know what we are actually facing, in general, yes, trading and gambling do have many similarities, the most striking of which is in terms of profit opportunities and risk of loss and also the mental and psychological that can be affected, but actually in the scenario, the method is different, trading depends on how skilled and how much knowledge you have, while gambling mostly always depends on luck which is something that is natural and cannot be controlled by humans.

And I also quite agree with your assumption that people who think or say that trading is a scam are those who do not understand what and how trading really is, it is a big mistake if you trade by relying only on luck because in the end it will only waste a lot of your money.

In trading, adjusments and adoptions is barely needed to keep yourself in-line with how the market behaves and like what you said gambling mostly relied with luck and if it's not on your favor mostly you suffer from loses, unlike with trading chances that the market will bounce back can give you the chance to recover, though knowledge and understanding really the big factors in terms of succeeding, not always relying with luck which is also a good factor as anticipation inside trading might be played by luck when the heavy pump take place and your set expectations has been reached.

Bounce back in trading depends a lot on luck and most of the time I see very little trend. By market matching for trading I mean that you have a capital as well as holdings and accordingly you manage buying and selling according to the market conditions while ensuring proper use of every bearish and bullish period. Capital will bounce back with your profits only when you can accumulate long term and experience. You can be a successful trader if you tend to buy from every price level in the market and average UP.

[tvplus006]

...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 this case, you can compare any trade with a casino) For example, if you incorrectly selected fruits and vegetables in order to sell them at a higher price, you will have to bear a loss. In the same way, you will incur a loss if you made an incorrect analysis and the price of the coin eventually moves contrary to your expectations.

[Wapfika]

I think trading and gambling are two different things. Trading requires a well-planned and good strategy. But gambling is totally dependent on luck. Gambling does not require any elaborate plan or strategy. So its different.
Thank you.

Trading is indeed different to gambling since one is a financial instrument while the other is just for entertainment purposes that involves risking money.

But I disagree on the part that gambling doesn’t require any elaborate plan or strategy since there’s a bankroll management and risk limit on bets that you can use to minimize risk while aiming to hit a lucky run.

Gambling without plan or strategy is a typical newbie mistake since they are relying on pure luck with their overall gambling session. People that doing this are those having no problem placing bet all-in on a 50% winning chance rate instead of playing slowly to enjoy the game.

[uswa56]

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?.

Well when you are not schooled in trading and decides to trade because someone invites you to get along then you particularly gambling and not trading because, trading demands you know exactly what you're doing, the trading decisions you're making have to backed by rational analysis and not by your guts or luck.

A lot of newbie traders would say same thing about trading similar to gambling when they're lacking the knowledge because in as much as you're lacking in trading knowledge you're bound to losing each trade and it's no magic. The advise is that you should consider to try to perfect your trading skills than just trading out of ignorance and liken it to gambling.

If someone trades without knowledge and does not have the slightest understanding of trading, of course what they do is very similar to gambling because only luck can give them profits and I agree with you, everyone who wants to trade, of course, they must be able to understand well what they are doing so as not to make mistakes that make them lose the money they use to trade.
Learning to trade and continuing to practice to have these skills is very important for everyone who is new to trading, because it is very unlikely that a person can successfully trade without trading skills.