Is Trading Just Gambling in a Suit?

[sotelorene]

I don’t really have much to say on this, because there are a lot of arguments out there already. some people say trading is gambling, others say it’s not.
But for me, I’ve seen and heard of people making money from trading consistently, and I’ve also heard same for gambling. Even though gambling seems to be pure luck. So honestly, I can’t really say for sure.

The same is in trading, you need to predict the future in trading just like you need to predict the future in gambling. Both activities rely on predicting the future and both activities can be greatly manipulated by insiders, like the last example where a special forces soldier was arrested because he had insider info and won over 400.000 dollars in trading because of that. In soccer which falls in gambling let me remind once again despite old news now the fact that Sweden vs Denmark ending 2-2 in a draw to let Italy out of Euro 2004 was also known by many and a lot of people made a lot of money on that exact result 2-2 for that game. As you can see both activities also contain high risk so I would definitely say that there is not any difference at all between gambling and trading, for me they are the same.

I agree. but to say that trading is the same as gambling is a bit different. They both have risk and randomness, but trading includes planning strategies. analysing and managing risks to gain an advantage over time. Gambling. particularly games of chance, typically involves more luck and given odds. Cheating examples don’t represent either. as they involve cheating. Trading is more skill and probability based gambling is more luck-based even if it might appear that some people win or lose in the long run.

It is true that there is difference between gambling and trading but the difference is not much because the primary goal between trading and gambling is to make profit and the principles or guidelines to make this profit or gain is almost the same thing because you will need to analyze the game same thing in trading, you will need to analyze the trade and the possibility or chances of making profit is the same but in gambling it is mostly luck and I believe same in trading because traders do make loss regardless of their analysis.

[mirakal]

If you are a good and profitable gambler as much as you do as a trader, I guess there's no wrong if you execute trading like gambling. You profit in both ways, and that's the most important.

But if you are a bad trader and trade just like how its bad when you're as a gambler, that would be a big problem. You don't just allow yourself to lose more than what you can managed to lose, but you send yourself into frustration until you develop stress and anxiety for not being successful and profitable.

People have different performance level when they trade or gamble. And the result of doing trading like gambling lies on how a person does his performance when he is gambling. Its bad when its bad, its good when its good, as simple as that.

[GiftedMAN]

It is true that there is difference between gambling and trading but the difference is not much because the primary goal between trading and gambling is to make profit and the principles or guidelines to make this profit or gain is almost the same thing because you will need to analyze the game same thing in trading, you will need to analyze the trade and the possibility or chances of making profit is the same but in gambling it is mostly luck and I believe same in trading because traders do make loss regardless of their analysis.

How profitable a trader is depends on how much experience and skill he has, and not necessarily luck, so traders don’t depend on luck to make profits, they mostly depend on their skills and experience, while gambling (luck based) are specifically based on luck. Again, I don’t see people say they’re only trading for fun or leisure, but I can say that I’ve seen a lot of gamblers who literally claim to gamble for fun and not for profits, the mindset behind these things is exactly what distinguishes them from each other.

[shawonngp]

I don’t really have much to say on this, because there are a lot of arguments out there already. some people say trading is gambling, others say it’s not.
But for me, I’ve seen and heard of people making money from trading consistently, and I’ve also heard same for gambling. Even though gambling seems to be pure luck. So honestly, I can’t really say for sure.

Yeah, people argue a lot, but a real trader can easily distinguish between gambling and trading. Those new to trading think the two are the same because they lack the knowledge to distinguish between them. They want to win in trading and rely on luck, but in reality, trading is skill-based, while gambling depends on luck. Consistent profits are possible in Crypto trading if you are skilled and have strong fundamental knowledge. But it is impossible to win consistently in gambling; even experienced gamblers cannot guarantee a sure win. Gambling is much more uncertain.

[o48o]

Hello Reader . I hope u are doing well.

So few days ago i went to my father’s office with him. While i was there one of his assistant asked me about trading and i gave some answers. Then one of his colleague in the office said “Trading is basically gambling people just call it something else these days.” That made me think. I gave them answer at the time but later i did some research on what really makes trading different from gambling.

In my opinion in gambling most of the time the result depends mainly on luck. U may win today and lose tomorrow but in the long run the house usually has the advantage. Many people keep playing because of emotions excitement and stress relief or the hope of a quick recovery after losses.

While trading on the other hand should be based on analysis and patience and also risk management. A good trader does not enter every opportunity. He wait plan and accept losses as part of the process. The goal is not fast money but consistency over time.

The problem starts when people treat trading like gambling. They overleverage ignore stop losses and make emotional decisions. At that point trading stops being investing and becomes gambling with better graphics.

So in my opinion the biggest difference is control. In trading u can control your risk. In gambling most of the time u are only controlling how fast you lose.

what do u all think?

Take care of urself , love urself and stay blessed.

You can call investing or buying and selling collectables as gambling. Because it's about level of the risk you are taking, so basically all the risky moves can be considered as gambling

And there's no trading without risks. You are counting on a pattern repeating itself and it's just a one pattern out of other countless patterns you are likely ignoring for your narrative to hold. And there's no way of actually knowing if something goes back up or down ever or at least in a time frame you have planned for.

Main difference between gambling and trading is at least where i live, is that you can write off losses in taxes, unlike in gambling. Also you usually don't win or lose the whole bet to zero when you trade, unless it's leveraged.

[Orpichukwu]

I've often read information that associates trading with casino games and gambling. Sometimes I even have this thought myself.

After all, there are people who seriously engage in analytical work related to sports betting. How is this different from speculative trading, where the same processes occur? So, it was perfectly natural to come to this conclusion.

To me, everyone has their own opinion. Those who say they are the same have their opinion, and those who say they are totally different things are also right as long as they have facts to back up their claims, just like you use the analysing of data which is done on both sport betting and trading. When we are also talking about risk, both are risky, just that one risk can be managed more than the other.

[Porfirii]

It is true that there is difference between gambling and trading but the difference is not much because the primary goal between trading and gambling is to make profit and the principles or guidelines to make this profit or gain is almost the same thing because you will need to analyze the game same thing in trading, you will need to analyze the trade and the possibility or chances of making profit is the same but in gambling it is mostly luck and I believe same in trading because traders do make loss regardless of their analysis.

How profitable a trader is depends on how much experience and skill he has, and not necessarily luck, so traders don’t depend on luck to make profits, they mostly depend on their skills and experience, while gambling (luck based) are specifically based on luck. Again, I don’t see people say they’re only trading for fun or leisure, but I can say that I’ve seen a lot of gamblers who literally claim to gamble for fun and not for profits, the mindset behind these things is exactly what distinguishes them from each other.

Sorry but Nobel Memorial Prize in Economic Sciences winner Daniel Kahneman would disagree, as he stated something like all that imagery about the great skills of famous and successful Wall Street traders was nothing more than a construction by people interested in making you think that way, and that in most cases their success was not due at all to talent, but to luck or even worse, manipulation. In markets subject to such randomness, thinking that experience and skill will necessarily make the difference is, IMO, an illusion that few people talk about or are aware of, because of a whole industry that has convinced us about the contrary.

[fruktik]

I agree with you that the same fate catches up with a trader and a gambler therefore, they can be considered as the same. Gambling is publicly knows as an activity that takes more from you than what it gives to you but trading isn't really pronounced to the public that most traders run at loss because even when traders are not making profits, they see want to kill themselves on trading.

Suicide is definitely not the answer. A long time ago, I too thought it was the only right decision when I lost a huge sum of money at a casino in just a few days. And I was also laid off from work. Can you imagine how I felt at that moment? It was absolutely terrifying. I thought the entire world around me had ceased to exist and I had no place in it. Still, I managed to overcome myself and find a dignified way of life. Yes, it wasn't easy, but it only made me stronger and gave me invaluable life experience.

[maydna]

I don’t really have much to say on this, because there are a lot of arguments out there already. some people say trading is gambling, others say it’s not.
But for me, I’ve seen and heard of people making money from trading consistently, and I’ve also heard same for gambling. Even though gambling seems to be pure luck. So honestly, I can’t really say for sure.

Yeah, people argue a lot, but a real trader can easily distinguish between gambling and trading. Those new to trading think the two are the same because they lack the knowledge to distinguish between them. They want to win in trading and rely on luck, but in reality, trading is skill-based, while gambling depends on luck. Consistent profits are possible in Crypto trading if you are skilled and have strong fundamental knowledge. But it is impossible to win consistently in gambling; even experienced gamblers cannot guarantee a sure win. Gambling is much more uncertain.

They don't have to gamble if they want to make money but trading. But they must have good skills so they can picks the right coin and determine the right time to trade. But people will have their own opinion between trading and gambling so no need to argue as that will not end.

If they want to make money from gambling, we can let them try and see the outcome. But we should warns them not using too much money if they can't accept the reality. That also happens in trading so they will managing the risk not to be bigger.

[Olatundespo]

I agree with you that the same fate catches up with a trader and a gambler therefore, they can be considered as the same. Gambling is publicly knows as an activity that takes more from you than what it gives to you but trading isn't really pronounced to the public that most traders run at loss because even when traders are not making profits, they see want to kill themselves on trading.

Suicide is definitely not the answer. A long time ago, I too thought it was the only right decision when I lost a huge sum of money at a casino in just a few days. And I was also laid off from work. Can you imagine how I felt at that moment? It was absolutely terrifying. I thought the entire world around me had ceased to exist and I had no place in it. Still, I managed to overcome myself and find a dignified way of life. Yes, it wasn't easy, but it only made me stronger and gave me invaluable life experience.

Those who choose the path of struggle to get themselves out of a dire situation and reach a dignified position are the real heroes. In such a situation some would have given up blaming their fate or become irresponsible towards their family and disappeared. I was not in an extreme situation like you but I was in a very close situation. At least I had a job to provide for my family but I lost money in gambling. You can imagine how helpless a trader would feel if he had invested almost all his funds in a wrong project and lost all his funds. Going from that situation to a dignified position is the job of a successful warrior.

[Zadicar]

I don’t really have much to say on this, because there are a lot of arguments out there already. some people say trading is gambling, others say it’s not.
But for me, I’ve seen and heard of people making money from trading consistently, and I’ve also heard same for gambling. Even though gambling seems to be pure luck. So honestly, I can’t really say for sure.

Yeah, people argue a lot, but a real trader can easily distinguish between gambling and trading. Those new to trading think the two are the same because they lack the knowledge to distinguish between them. They want to win in trading and rely on luck, but in reality, trading is skill-based, while gambling depends on luck. Consistent profits are possible in Crypto trading if you are skilled and have strong fundamental knowledge. But it is impossible to win consistently in gambling; even experienced gamblers cannot guarantee a sure win. Gambling is much more uncertain.

They don't have to gamble if they want to make money but trading. But they must have good skills so they can picks the right coin and determine the right time to trade. But people will have their own opinion between trading and gambling so no need to argue as that will not end.

If they want to make money from gambling, we can let them try and see the outcome. But we should warns them not using too much money if they can't accept the reality. That also happens in trading so they will managing the risk not to be bigger.

If you have a that gambler like kind of approach towards trading then it would really be just that the same literally on doing gambling thing or playing at casino on which considering that you have put up some trades which you didnt have any analysis backing it up and that increases the risks involved into it but as we do all know that trading skills is something valuable once you would really be able to have a grasps or knowing it then its something that most traders are thriving to achieve. If you do have plans on doing gambling from the start then you shouldnt be doing trading in the first place since its a different thing. If you do want or like to have some thrill when doing trading and act as a gambling then you can test out futures trading on which considering these high leverage but actually its never been sensible on trying out to make yourself dealing up with trading on just simply thinking that you would really be just that gamble.

[Powerjumboo]

Trading and gambling are not the same but two different things. However, those who start trading by leaving it to luck and start trading without gaining any experience in trading compare trading to gambling. If trading is done with good analysis and good experience, then it is possible to bring success in the trading platform, but if trading is started by leaving it to luck, then it will never be possible to bring success. Similarly, in gambling, if you start with casino games, you have to rely entirely on luck, and if you bet on sports matches, you can ensure victory with good experience and good strategy. But I would say that no matter what you think, gain experience, trade or gamble after gaining experience, you will be successful there.

[LUCKMCFLY]

Of course, these are different things, but they do share some common elements, such as emotional control and how we manage our bankroll while taking risk into account. If we don't do this in gambling or trading, we simply won't achieve anything. We must control our emotions, because if we don't, we can tilt, which can gradually slide us into depression, which won't be easy to recover from. I don't want that, so I closely monitor my emotional control.

I agree they share commonalities; they have that as an analogy because these activities involve money, and it's money that can be lost quickly if one is careless. For that reason, one must be very careful when operating, both in trading and gambling, as these are extremely delicate activities. They are not for just anyone who sees everything as a matter of chance, at least not in trading.

[abaeze]

Those who have lost repeatedly while trading without knowledge and finally got involved in gambling, basically compare trading with gambling because they believe that in gambling, you have to depend on your own luck. So trading is the same, but in reality, no calculation, no plan, no statistics work in gambling, but in trading, calculation, mathematics, statistics are a very big factor to gain. Another thing is that those who want to increase leverage by going beyond their control and without thinking about their own ability, think of gambling and trading as parallel. But in fact, there are many differences between trading and gambling and in the long run, one turns a trader into a big investor but in the long run, a gambler becomes addicted.

[sompitonov]

Those who have lost repeatedly while trading without knowledge and finally got involved in gambling, basically compare trading with gambling because they believe that in gambling, you have to depend on your own luck. So trading is the same, but in reality, no calculation, no plan, no statistics work in gambling, but in trading, calculation, mathematics, statistics are a very big factor to gain. Another thing is that those who want to increase leverage by going beyond their control and without thinking about their own ability, think of gambling and trading as parallel. But in fact, there are many differences between trading and gambling and in the long run, one turns a trader into a big investor but in the long run, a gambler becomes addicted.

These two fields still have similarities, but they are certainly different. In my opinion, it's certainly possible to become a professional in gambling, but I think it's much harder than becoming a simple trader with even a minimal profit. Trading may not be enjoyable, or at least only a little, but gambling offers much more in terms of entertainment. But right now, I want to focus more on trading because I'm not interested in relying on luck in gambling; I want more conscious risk management with some kind of profit.

[fredericktaylor]

Trading and gambling are not the same but two different things. However, those who start trading by leaving it to luck and start trading without gaining any experience in trading compare trading to gambling. If trading is done with good analysis and good experience, then it is possible to bring success in the trading platform, but if trading is started by leaving it to luck, then it will never be possible to bring success. Similarly, in gambling, if you start with casino games, you have to rely entirely on luck, and if you bet on sports matches, you can ensure victory with good experience and good strategy. But I would say that no matter what you think, gain experience, trade or gamble after gaining experience, you will be successful there.

Of course, trading and gambling can never be the same, they are completely different, to succeed in trading you need to gain the right knowledge and have the right knowledge about the volatility of the market and use different strategies, along with that you need to enter the market at the right time with patience and exit the market at the right time, if you do not exit the market at the right time in the hope of making extra money, then the chances of losing money may increase. Through trading, your knowledge, experience, strategy and patience can bring success. Gambling is a game of luck. If you have good luck, you can win by gambling, and if you do not have good luck, you cannot win by gambling. You cannot be confirm about the results of gambling, you can only guess about the results based on gambling experience and research, nothing more. It is always wise to start trading and gambling by gaining the right knowledge.

[OgNasty]

Trading is gambling, and the first step to becoming a successful trader is learning this fact and then identify the bet you’re making. A lot of people blindly buy stocks and don’t even know what bet they’re making or who is on the other side of the trade…

[mak013]

You can play casino games and buy/sell stocks in the same way. In such way the trader becomes gambler.
You can analyze all information about match you can get and after it you make a bet. You can trade the same. In such way a gambler becomes a trader.
In other combinations trading and gambling differs seriously.
There is no just one right answer.

[ChocolateBitcoinK]

Trading is gambling, and the first step to becoming a successful trader is learning this fact and then identify the bet you’re making. A lot of people blindly buy stocks and don’t even know what bet they’re making or who is on the other side of the trade…

Similarly, in every case, if we get involved in something without knowledge, then we will definitely get negative results from it. When people risk a large amount of money with excessive confidence without understanding, then it will definitely lead to losses, and in the case of those who come to trading with complete ignorance, everything depends on luck which basically becomes a game of gambling. So we need to understand this matter, instead of making trading a gamble, we should make decisions here with reality through research.

[OsaiEmma]

The problem starts when people treat trading like gambling. They overleverage ignore stop losses and make emotional decisions. At that point trading stops being investing and becomes gambling with better graphics.

So in my opinion the biggest difference is control. In trading u can control your risk. In gambling most of the time u are only controlling how fast you lose.

what do u all think?

Take care of urself , love urself and stay blessed.

Well, I think some gambling activities/games do have a close relationship, and similarities with trading, based on the difference u mentioned. Some gambling activities are treated like trading too, the require skill, analysis, money and risk management, almost everything we do in trading are applied here. These gambling games are sports betting, and poker.

So, as some do treat trading as gambling, the same is being applied to gambling, some do treat it as trading too.