Psychological Risks.... Why You Shouldn't Trade with Gambling Wins & Luck....

[Donk1]

Gambling and trading are two major different things though they can sometimes look similar but  based on one's experience and understanding that's what makes them different.​Well I like to believe that everyone has their source of income under which they make profit and from that income most folks make use from inside to trade which if I may say technically the psychology needed for trading is very demanding from every individual/trader. That said there are folks who make use of the same psychology and funds from gambling to trade though it's not majorly bad thing but in this topic I will try as much as possible to break it down on why it's a very risky step to take as an individual/trader.

​So we all know that even if gambling is very risky it's still one of the most easy ways to make money because basically one doesn't need to work for it. That said correct me if I am wrong gambling has no real value. The fact that luck is involved makes it a win or lose with no guarantee to an individual/gambler, and for that when an individual wins folks often treat the money with less respect than the money they actually worked very hard for. ​This brings out the value of trading as a major because the requirements it needs not every individual can actually put forth the energy to comprehend it. This alone classifies the profit from trading as a hard earned money .so as the same way in our everyday life there are things we are good at and things we aren't.

​The Risk

​Psychologically one can only see things the way they are when he or she isn't prepared to put in effort that is to say folks/newbies that actually gamble, just because they heard that there is money in trading they immediately jump into the market and instead of looking at the charts to analyze it they start betting on the price going up because they feel they are lucky. Believe it or not first time in trading is always interesting as a beginner, but as time goes it becomes harder. Even at that some even go ahead by using gambling money to trade is not bad in most cases but this indeed will cost the individual a lot of anxiety,stress, depression, and even psychological issues putting the mind at a state of no rest.​And when you lose in gambling you will have no funds to use and trade. And when you win the gamble but lose the trade you will feel like you have to gamble again just to get back into trade all this leads to a very poor decision making as an individual..... And again gambling funds aren't steady because it's not a pay job....

​Overall correct me if I am wrong relying on gambling to start your trading journey is considered as an unhealthy approach to trading because you will be limited to luck only, winning in gambling with luck, and making profit from trading with that same luck will make you feel overconfident until the market starts playing its tricks on you. It's easy to say one can be carried away without knowing the  difference between financial strategy and a gambling habit/fun .

​A Better Approach Towards Trading and Gamble:​To ensure a proper psychological in building wealth as an individual in gambling and trading


1)​Firstly, yeah there is no work in most country but still gambling isn't considered a work and trading needs backup funds you can rely on during a loss, so having a job would be very good.

2)​If gambling is actually interesting to you as an individual, do not involve the money in your trading funds even if you want to do it, you must have understood the psychology, analysis, and strategy of being a trader.

3)​Lastly we should always do research before getting involved with anything that concerns finance, because trading requires skills it's not a game of chance So yeah, create time to spend on studying how the market works rather than to rely on gambling on luck to win.

​Well that's all for me folks hope this was helpful.......