Is this a gamble or a trade ? The clear test that works

[JaanusRaim]

I have a very clear test that works 100% (at least for me) for making sure am I gambling or trading at the moment.

If I gamble and I lose, I will feel terrible. Because I have lost valuable resources for nothing.
If I trade/invest and I lose, I will feel good. Because I know and feel that the lost trade that I have made using all my resources in the best possible way I was able - that this lost trade is a valuable asset from what I and others can learn much. A lost trade is as interesting and useful as a negative result in science (hypothesis that is proved to be false).



(I have not gambled in markets long time because it is relatively easy to be fully aware for avoiding it some minutes or hours I am behind my trading desk. I have gambled occasionally in everyday situations (for example in traffic) when I lose my awareness - is is difficult to be 24/7 fully aware).

[EarnOnVictor]

I have a very clear test that works 100% (at least for me) for making sure am I gambling or trading at the moment.

You made me laugh! ...That could only mean that you are still new to the system, so you need to test it further. The amount used will pinch you, whether you personalise it or not.

If I gamble and I lose, I will feel terrible. Because I have lost valuable resources for nothing.
If I trade/invest and I lose, I will feel good.

At this point, you are acting like a weirdo. You lose in gambling, and you lose in trading, is it not money you lost in both? Technically, I got your school of thought, but in the end, you are still wrong. You might not feel the loss in trading simply because of delusion, since you believe you did the right thing, but in the end, loss is loss, as something went wrong, which made you lose. No loss should be celebrated.

[masulum]

you need to explain the loss on trading that happens to you, if you mean you are trading in futures or leverage, it's mean your trade is part of gamble because you will lose everything if your entry being liquidated. but if the loss mean just decreased in value, that I can agree with you, that loss is not permanent loss as gamble or futures. as long as you have the coins after you buy, decreased in value can be a normal. but you are still need to be careful if you are buying in memecoins, because after decreased the value, may it impossible to back as position you bought. loss bitcoin value because correction, this is normal, and may you are able to getting back your money or even increased after bullish phase come and breaking your entry position. but losing value in futures, mean you are lose everything like gamble. so, what loss in trade you want to talk about?

[Furball808]

The clear distinction to me between gambling and trading is that if you place a bet without prior analysis then you are gambling because you are just merely hoping to make profit rather than having made an informed decision. If you truly took your time to understand and analyze the market then you are trading. If you are just guessing, you are better off in a casino.

[Oshosondy]

If I gamble and I lose, I will feel terrible. Because I have lost valuable resources for nothing.
If I trade/invest and I lose, I will feel good. Because I know and feel that the lost trade that I have made using all my resources in the best possible way I was able - that this lost trade is a valuable asset from what I and others can learn much. A lost trade is as interesting and useful as a negative result in science (hypothesis that is proved to be false).



(I have not gambled in markets long time because it is relatively easy to be fully aware for avoiding it some minutes or hours I am behind my trading desk. I have gambled occasionally in everyday situations (for example in traffic) when I lose my awareness - is is difficult to be 24/7 fully aware).

I am a gambler and I am a trader.

Yes, it is not good to gamble in traffic because anything can happen. I have never think of gambling in traffic before, but the traffic where I am is not more than 2 to 5 minutes where the traffic lights are. If it is still not like that, I will still prefer not to gamble.

Trading is very exhaustive if you are a scalper or a day trader, but 85% of the traders are losing. Nobody like to lose money repeatedly and it can lead to addiction just like how it is for addicted gamblers.

What I do not want is to be losing money, not that I will trade and lose money and still like it. That is not possible.

In both, we need to be careful and have good money management in practice.

[Minor Miner]

If I trade/invest and I lose, I will feel good. Because I know and feel that the lost trade that I have made using all my resources in the best possible way I was able - that this lost trade is a valuable asset from what I and others can learn much. A lost trade is as interesting and useful as a negative result in science (hypothesis that is proved to be false).

Trading is not gambling, but many people are gambling under the guise of trading. They are deceiving themselve into thinking they are trading strategically and that those losses are only temporary and part of the trading journey. But in reality, they are just repeating old mistake, poor risk management, relying on luck and hoping this time will be different. They call it a learning process to reassure themselves, but it is clear they are gambling.

I'm not talking about you, but imo, this is not an effective way to distinguish between trader and gambler.

[passwordnow]

I think both can be beneficial if you are learning from the losses that you make. But that's up to you on how you're going to value each loss but with trading, it is where most of the people are learning from the setups and decisions that they do with it. And with gambling, if we lose that's just the same for all of us that we let it go and we simply move on and try to find the games where our luck could be found. There's a difference with how we take the wins and loses that we make from both of it. But I know that losses in gambling won't be so much painful compared to the trades we do.

[macson]

If I gamble and I lose, I will feel terrible. Because I have lost valuable resources for nothing.
If I trade/invest and I lose, I will feel good. Because I know and feel that the lost trade that I have made using all my resources in the best possible way I was able

It’s really funny to see how you think. Whether you lose at gambling or in trading, both should be disappointing because, after all, both involve losing money, and no one wants to lose their money. How people react to that situation depends on their understanding and experience, those who are more knowledgeable won't overreact to it. But still, no one feels "good" when they lose their money, even professional traders still feel emotional pain when they lose.

[Arenga pinnata]

The clear distinction to me between gambling and trading is that if you place a bet without prior analysis then you are gambling because you are just merely hoping to make profit rather than having made an informed decision. If you truly took your time to understand and analyze the market then you are trading. If you are just guessing, you are better off in a casino.

Yeah, I feel the same way you do. And that’s really the only thing that sets it apart. Although, at the end of the day, trading is still trading—not gambling. But there are indeed reckless traders, and there are smart, disciplined traders. However, trading without analysis does look more like gambling or just placing a bet. A trader must know how to analyze effectively. They manage their capital with proper money management. And a trader must also be able to manage risk and opportunity with the right ratio. Therefore, the use of risk management is mandatory for a trader.

But I understand what OP means. That is, in trading, at least we can learn from those losses. And we can continue to refine our trading strategies so that eventually we can find a strategy that is truly precise and suitable.

[Lida93]

If I gamble and I lose, I will feel terrible. Because I have lost valuable resources for nothing.
If I trade/invest and I lose, I will feel good. Because I know and feel that the lost trade that I have made using all my resources in the best possible way I was able - that this lost trade is a valuable asset from what I and others can learn much. A lost trade is as interesting and useful as a negative result in science (hypothesis that is proved to be false).

You can still learn a thing about why you lose while gambling as you do with losing in trading as there's no difference with all the losses you're making. I would recommend you focus on one and try to be at your best with it than moving in circles with the two and losing funds on either sides and at same time be thinking it's worth it losing to trading than it is losing it to gambling. Your viewpoint doesn't generally share much logic in as much as you're losing your trades than winning.

[AakZaki]

Basically, Trading and Gambling are two different things, I always emphasize that trading can be analyzed while gambling cannot be analyzed, that's the difference.

In Spot Trading, when you experience losses due to incorrect analysis is normal, you can evaluate it at any time and can study it again until you really understand how to do it best.
While in gambling, it is completely unanalyzeable like slot gambling. If you lose it cannot be evaluated or taught how to win, because it is purely due to luck.

In this discussion, I don't expect you to say futures trading, because if you mean futures trading it is the same based on luck.

[liasbaa]

Trading is a learning subject for the time being when you can trade with funds that are available to you in excess. The nature of that fund will be such that you are mentally prepared to lose. That is, you are investing your funds in a learning project because as you gain more experience, trading will entice you to make the best decisions.

Trading will be gambling for you when you are driven only by the purpose of making a profit. Just as gamblers only expect to win but luck is not on their side most of the time. When you apply skills in trading, it will automatically turn into long term investments. Because you will gradually gain experience and apply skills instead of being driven by luck.

[Cgrexp]

If I gamble and I lose, I will feel terrible. Because I have lost valuable resources for nothing.
If I trade/invest and I lose, I will feel good. Because I know and feel that the lost trade that I have made using all my resources in the best possible way I was able - that this lost trade is a valuable asset from what I and others can learn much. A lost trade is as interesting and useful as a negative result in science (hypothesis that is proved to be false).

You can still learn a thing about why you lose while gambling as you do with losing in trading as there's no difference with all the losses you're making. I would recommend you focus on one and try to be at your best with it than moving in circles with the two and losing funds on either sides and at same time be thinking it's worth it losing to trading than it is losing it to gambling. Your viewpoint doesn't generally share much logic in as much as you're losing your trades than winning.

Both gambling and trading have the potential for financial risk. Gambling is completely based on luck and its results are mostly opposite. Many people can make a profit in trading due to decisions made based on experience. However, it is very hard for a trader to sustain profits in the long term. But when a trader relies on luck  it becomes like gambling. If a trader loses repeatedly, he should take a break and can re-enter after increasing his skills.  And making such decisions is risky. While gambling is completely based on luck, trading is not. And those who survive in trading survive because of their skills, knowledge, experience and right decisions.

[Creeper0]

I would advise you to invest instead of trading. But not in any coin that is known as a scam coin in the market. Rather, I would advise you to invest in some trusted coins, especially Bitcoin. The possibility of losing money in the long term is very low and it is not like gambling. But trading is usually compared to gambling by many. So if you want to completely distance yourself from gambling, then enter into investing.

[Asiska02]

The clear distinction to me between gambling and trading is that if you place a bet without prior analysis then you are gambling because you are just merely hoping to make profit rather than having made an informed decision. If you truly took your time to understand and analyze the market then you are trading. If you are just guessing, you are better off in a casino.

Trading is not a game of thoughts but a game of knowledge. Once you have been able to understand the concept of the trading market, you’ll begin to realize that for every time you want to place a trade, you’ll know that gambling is a game of luck but that of trading works beyond luck and can actually become something that is unquestionable  when you’ve predicted the direction you think the market is going to pass. Trading and gambling have been compared to be the same thing for long because of their risky nature but when you’ve delved into it more, you’ll understand and can spot the difference in them immediately.

[I_Anime]

Trading and gambling are two different things but they can be related in a way when you are trading without any vital knowledge on how it works (that’s literally gambling), is good that you are learning from any win or mistakes in the trading process , but make sure you are not using too much resources especially during the learning phase , save as much by playing it safe with proper risk management.

[Cryptohygenic]

If I gamble and I lose, I will feel terrible. Because I have lost valuable resources for nothing.
If I trade/invest and I lose, I will feel good. Because I know and feel that the lost trade that I have made using all my resources in the best possible way I was able - that this lost trade is a valuable asset from what I and others can learn much. A lost trade is as interesting and useful as a negative result in science (hypothesis that is proved to be false).

You don't gamble for nothing because you've expectations before you begin to gamble.
Even if I have to agree with you that you gambled for nothing, then you should not to feel that terrible over your losses in gambling or if I may ask, how did you lost those values because as I checked you lost it over nothing. 
Meaningful and experienced gamblers don't involve their emotions in gamble and if you have not been able to tolerate your gambling losses, then you don't even have to go trading because trading involves higher risk than gambling because, trading requires high capital and you are strictly trading to make profits unlike gambling that too can play with certain minimum and as well also involves playing for fun even though it may be profitable.

[LogitechMouse]

If I gamble and I lose, I will feel terrible. Because I have lost valuable resources for nothing.
If I trade/invest and I lose, I will feel good.

At this point, you are acting like a weirdo. You lose in gambling, and you lose in trading, is it not money you lost in both? Technically, I got your school of thought, but in the end, you are still wrong. You might not feel the loss in trading simply because of delusion, since you believe you did the right thing, but in the end, loss is loss, as something went wrong, which made you lose. No loss should be celebrated.

I don't want to say that he's a weirdo, but I will just say that he's thinking differently at least when it comes to losses.

You lost and you're good? Not feeling anything would be fine, but being good like good, good? You're just hiding yourself from the fact that you're being affected by your loss. I'm losing in trading, and I can accept it of course, but I can't remove the fact that I'm frustrated after I lost my money. A loss is a loss, and even though you will feel okay with it after a few hours, you can't change the fact that you will be disappointed on yourself because you lost. Loss being celebrated? I think I'd rather look at why I lost money on it instead of celebrating.

[jcojci]

If you trade, you should analyze first but in gambling, you just prepare your money and click roll button. But if you choose sports betting, you need to research finding the right team but trading could be gambling if you don't know how to analysis.

Winning/profit in trading and gambling is possible if you have skills. But it is difficult to always wins in gambling so I suggest you choose trading than gambling.

There is more chances to profit in trading than gambling, you have so many options coins to choose. But in gambling, you will difficult to win especially in the casino games.

[SquallLeonhart]

Why would you and others learn from a loss in trading but not from a loss in gambling? A loss is a loss, apparently, and whether you lose money because you are playing roulette, or because you are doing futures, you basically lose money, but you should say that when you are doing everything properly when you are trading and you still lose, that is when you can learn a thing or two because you have done everything well from your end, and then you will find the mistake you have made so that you can fix it when you make a trade next time, and that option is not available in gambling, but you can't say that you don't feel bad when you lose money in trading.

People gamble with their money even in the trading markets, which is because they use their gut feelings to make their trades, and then when they lose, they feel terrible because they thought trading is not like gambling, but it can be like gambling if you treat it that way. If you don't want trading to give you gambling-like results, you will need to do it properly, gain knowledge, understand how the markets work, and make your trades when you totally understand what you are doing and how the market can react either in your favour or against you, and you should be ready to deal with the negative situations as well because trading allows you to do that unlike gambling.