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

[bangjoe]

To prevent crypto trading from feeling like gambling, you need a trading system with clear, formalized rules that leaves absolutely no room for second-guessing.

The point is not about a mechanism that does not make us doubt, it is clear that what makes gambling is not doubt or not, but how you trade, like you hope for luck after you take a position, and that is the type of behavior of gamblers in general, using leverage not according to financial capabilities, or even you do not measure where you can accept losses, and don't forget not only that, when you have greed after getting one trade and you always want more than what you have got it is similar to people who are addicted to gambling.

In some speculations there are those who say futures trading has a stronger gambling aspect even though you can manage it.

[Jegileman]

Trading is different from gambling and it doesn’t matter how you try to interpret them, you’ll always see something distinct about them that makes them not fit to be in the same category. The only similarity they share and I know is that they’re both risky. While one can help you get over the risk to a barest minimum using your skills, one cannot make you do that as a result of it being a game of luck and not skills. Trading is a very essential skill that requires knowledge that when you get over it, the rewards are attractive and more rewarding than one can imagine. Trading is skills based while gambling remains a luck based game.

[Plutomanian]

I never support gambling because gambling only brings people losses and never profits. Gambling is like a terrible disease, once caught, the addiction to gambling does not stop until it is over. A wise person never fights fate, a wise person is one who tries to make fate better with his knowledge.

Gambling should never be encourage especially in a trade. I've seen what gamble does to people when they're trading, messing with our mindsets and making a trader look confuse in the market and once a trader is confuse, he's been persuaded and panic to make wrong decisions because thoughts about losses will come in, while in his mind, he's doing his best to escape these losses but they will just keep coming.

Trading is not for everyone, take a leap of faith and count on the basic initiatives that best suits your ambition because it's not mandatory that everyone should trade, I've seen and come across people that are doing exceptionally well and they never for a day trade, connect with people with values if you want to go far in live.

[Peanutswar]

If you are talking about playing gambling like a casino, is you felt the loss why, because you dont have an option at all you are just rely based on your luck only and you can't do anything about it just wait the results. But in trading is you have an option the traders have the rights to make a move and create a decision if they wanted to pull out their current position or not. Now if you wanted to still be playing gambling better choose other game you have a lesser risk or higher chance to win and in trading is you need to identify what kind of set up you will use and strategy so you both not ended up losing more money.

[fuguebtc]

Trading is different from gambling and it doesn’t matter how you try to interpret them, you’ll always see something distinct about them that makes them not fit to be in the same category. The only similarity they share and I know is that they’re both risky. While one can help you get over the risk to a barest minimum using your skills, one cannot make you do that as a result of it being a game of luck and not skills. Trading is a very essential skill that requires knowledge that when you get over it, the rewards are attractive and more rewarding than one can imagine. Trading is skills based while gambling remains a luck based game.

It can be stated that gambling and trading are two different thing.

Trading is a part of the financial market, and we can use technical analysis and fundamental analysis to make informed decision. However, the line between gambling and trading is very thin, and we can easily become gamblers without even realizing it


Furthermore, do not think that being a trader give you a pass to lose beyond your limit. Know when to stop and do not let thing get out of control. Otherwise, the result you get will be no different than gambling.

[alastantiger]

(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).

Just because you think you learnt something from the trade that you made, that does not make the trade automatically not a gamble, there are some gambles that you make that you can also learn from as it teaches not to make such bet again in the future. You can enter a market in any of the cryptocurrencies and make a big bet of the chances of the coin increasing or reducing but then it does not favour you based on the decision you took and why this is pure gambling since you did not analyze the market in any way, you can also learn from that gamble that you made.

The only test that I use to distinguish between trading and gambling is when before I open a trading order I must have previously analyzed the market that is when I know that what I am doing is trading but if I just follow my feeling in any way and place a bet then it might not work out the way I wanted.