Trading and Gambling which do you earn faster?

[HustleZ]

[…]

There’s nothing such as Earn fast, it’s either lose fast or lose slow. You have to choose between these two and most of the time people choose to lose fast because it is brought to them as winning fast because Gambling ultimately is losing. Trading can also be gambling and is no different than it if a suppoosed “trader” doesn’t do proper risk management, emotion cotnrol and most importantly doesnt get greedy. The best choice is neither trading nor gambling but investing. DCA

[Solokan]

In my opinion, trading and gambling can generate quick profits but both are riskier in gambling because our money can be lost quickly compared to trading which is different from trading because we can use stop-loss orders

Personally I would prefer trading to gambling for quicker profits If you suggest trading to your friends I think that's a good idea because gambling is certainly riskier than trading I believe gambling is merely entertainment with the potential for profit but trading has the potential to generate substantial profits as long as we understand the science and can manage the risks

[Texac]

In my opinion, trading and gambling can generate quick profits but both are riskier in gambling because our money can be lost quickly compared to trading which is different from trading because we can use stop-loss orders

I wouldn't call either of them a way to make quick profits. Quick results is more like it, for both gambling and trading.

Also, how quickly you lose money depends on how you  trade or gamble . Having a stop-loss doesn't automatically make trading less risky.

If you are using high leverage or making poorly thought out trades,  you can still lose money very quickly .  On the other hand, if you only bet small amounts in gambling, you can stretch out your play and slow down the losses.

Personally I would prefer trading to gambling for quicker profits If you suggest trading to your friends I think that's a good idea because gambling is certainly riskier than trading I believe gambling is merely entertainment with the potential for profit but trading has the potential to generate substantial profits as long as we understand the science and can manage the risks

Sure , everyone's gonna pick trading over gambling. But tbh I don't think it changes much as long as we keep that get rich quick mindset.

Neither trading nor gambling is a quick way to make money. They're a fast track to getting rekt, lol.

[Bitcoin_people]

If someone thinks that gambling can be used to make money, then I think it is a complete misconception, because we must remember that gambling is mainly for fun and entertainment. When a person decides to earn and earn from gambling, he will definitely become addicted and lose control.
However, there are many people who find different ways to earn from trading, although it is risky, but it is possible to earn money if you trade according to the market situation and analyze it well. However, both gambling and trading can cause losses, this cannot be said at any time, so I think it is better to do it with a small amount of money when trading, and gambling should be done with a small amount of money for fun.
If someone can continuously make a profit by trading, then he can gradually increase his money if he wants, which will increase the number of profits, but in the case of gambling, if someone increases his money, it will be completely ineffective and may result in losses.

[WatChe]

In my opinion, trading and gambling can generate quick profits but both are riskier in gambling because our money can be lost quickly compared to trading which is different from trading because we can use stop-loss orders

Personally I would prefer trading to gambling for quicker profits If you suggest trading to your friends I think that's a good idea because gambling is certainly riskier than trading I believe gambling is merely entertainment with the potential for profit but trading has the potential to generate substantial profits as long as we understand the science and can manage the risks

In gambling its usually the gambler who lose the money, while house is the winner in most of the cases. Trading is different from gambling in a sense that if you do it properly i.e. after acquiring necessary knowledge and with self control then there are bright chances that you can earn profit from trading. If you do trading with intention of earning quick profits and open trades without any proper planning then you are just gambling with your money. Both trading and gambling have risks associated with them but we have techniques to mitigate risk in trading while its not the case in gambling.   

[Mpamaegbu]

He also considered trading but that would take his time as he lack patient...

He's right about dodging trading because of his lack of patience. The trading industry isn't for those with impulsive mindset or who can't persevere. The market has a way of disciplining and humbling such people through losses.

...for me I have given him the option of buying and hold and whenever there are more changes in the price of the asset he is hold can sell and take profit.

I don't even consider those who buy and hodl as traders. I see them as hodlers/investors. The real traders are those who buy and sell on Futures. Those who buy on spot can only profit one way, and that's only when price spikes and not dips. That's not trading.

I want to know if my advise is wrong, please your contribution also really matter to me so that I can quickly run back to him to share some resourceful information that are shared here.

Well, to each what works fine for them. There are those who can't stomach losses and when your advice to them leads to losses, they will quickly point you out as the reason why they've suffered financial losses. This set of people don't find it necessary to thank you or share profit with you when it goes well. They only remember you when it goes bad. This is why I don't like pointing to people what type of investments they should get into. In the past I did that but not anymore now, except I'm sure it's someone I know that's a big risk taker who understands what losing money is about. BTW, trading and gambling are too distinct stuff.

[masulum]

I wouldn't call either of them a way to make quick profits. Quick results is more like it, for both gambling and trading.

Also, how quickly you lose money depends on how you  trade or gamble . Having a stop-loss doesn't automatically make trading less risky.

If you are using high leverage or making poorly thought out trades,  you can still lose money very quickly .  On the other hand, if you only bet small amounts in gambling, you can stretch out your play and slow down the losses.

stop loss can become a check point for trader who don’t want to lose more money when market not running as their predictions when entry. you are right about stop loss even not reduce the risk of losing money. but, this feature at least can reduce the possibility of losing more money if implemented wisely by trader.

and there is a difference mechanism of stoploss between in trading and gambling. in trading someone can set a stop loss for the coins by placing a sell order at a specific price and can leave the platform at anytime, this feature help trader to maintain their emotion from fear of losing more money.

while in gambling, a gambler most be controlled their mind and emotions to stop after losses or win. If they are unable to control their emotion and not following the decision to stop quickly after loss, that person maybe failed to minimize their losses as a trader did. as we know, if the fear to lose more money unable to stop them, this condition will change their mind to get back the money from losses once again than thinking about i have to stop right now.

[fredericktaylor]

[…]

There’s nothing such as Earn fast, it’s either lose fast or lose slow. You have to choose between these two and most of the time people choose to lose fast because it is brought to them as winning fast because Gambling ultimately is losing. Trading can also be gambling and is no different than it if a suppoosed “trader” doesn’t do proper risk management, emotion cotnrol and most importantly doesnt get greedy. The best choice is neither trading nor gambling but investing. DCA

Both trading and gambling have the potential to make money but there is also a high risk of losing money. There is no guarantee of making money through gambling because the results are unpredictable and depend a lot on the luck of the gambler. If you are lucky, you can make money quickly through gambling but it is a fact that the chances of losing money are higher than winning money through gambling. From my point of view, there is a higher chance of making money through trading because it is more about a person's knowledge, skills, strategy and trading with awareness and emotion control, which can reduce losses and increase the chances of making money.