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.

[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

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.

If you think about it, your opinion is certainly valid. Regardless of how quickly or slowly you gain profits, it certainly depends on how you manage it. However, in my opinion, if we trade using large multiples and win with a large capital, we will quickly gain profits. Trading is still a fast way to generate profits, but of course, if you want to make a quick profit, the risks are very high. However, the topic is about whether trading or gambling can make a profit quickly. In my opinion, both are fast, but with consistent luck and profit in trading and gambling. However, to seek wealth, it's better to do business. Trading is still better as a side job, while gambling is just for fun and entertainment.

But I was wondering if you have any ideas on how to make a quick profit besides trading and gambling? I would be very happy if you could share your knowledge and experience.

[noorman0]

-snip-
I was having a conversation with a friend and he was like saying 'he has two things in his mind on to into but, he doesn't know the one that could pay him more faster and quickly" He also considered trading but that would take his time as he lack patient, then on the second thought he felt that gambling is another thing he could do without doing much research about what he is doing, is just about doing finding on the history of the bet he gonna bet on and whenever he finishes his analysis he can place bet.

If I had to guess, your friend is the type of casino gambler who wants to know the outcome of a bet instantly, meaning he can't wait even a minute. Derivatives trading also offers multipliers in the form of leverage. If he simply wants to equate the risk between trading and gambling, he can achieve that by setting the leverage to the maximum.

[Texac]

But I was wondering if you have any ideas on how to make a quick profit besides trading and gambling? I would be very happy if you could share your knowledge and experience.

Nope , and going by my limited experience after years in the financial markets, there's no shortcut to getting rich. All these get rich quick ideas, gambling, trading, memecoin, HYIPs, Ponzi...they all end up being traps that makes us waste money, time, and better opportunities, all because we're chasing a quick profit.

If you ask me, anyone who wants to burn money fast can throw it at that stuff. People who are serious about building wealth should stay away from it, or at least cut back on throwing money at it.

[bakasabo]

It is obvious that gambling allows to earn faster and easier. No skill is required to place a bet. Not a single trade will allow to make to multiply capital by x2 or more in a second. Regards crypto, I havent seen any cryptocurrency that gained 100% in price immediately after purchase. Gambling allow to pick at random a game, place a random bet and turn rich. Same would never happen to trading. While all that sound so nice when I talk about gambling, gambling also allow to lose everything and go bankrupt fast and easy. In trading, even if value of your purchased crypto is falling down to zero, there is always a chance that some idiot would buy it for a higher price or someone will buy it higher than market price by mistake. In trading loss can be turned into profit, while in gambling a loss is a loss.

[Big Dirams]

But I was wondering if you have any ideas on how to make a quick profit besides trading and gambling? I would be very happy if you could share your knowledge and experience.

Nope , and going by my limited experience after years in the financial markets, there's no shortcut to getting rich. All these get rich quick ideas, gambling, trading, memecoin, HYIPs, Ponzi...they all end up being traps that makes us waste money, time, and better opportunities, all because we're chasing a quick profit.

If you ask me, anyone who wants to burn money fast can throw it at that stuff. People who are serious about building wealth should stay away from it, or at least cut back on throwing money at it.

You are right, the getting rich quick mindset is what gets many folks into this traps and experience negativity. They always approach gambling and  trading as an activity where they can get rich instantly and make a massive breakthrough but those activities aren’t meant to be treated in that manner because that not what they are not especially when we want to see progress specifically in trading.
 As we all know gambling is just more about luck and it only needs few requirements aside luck so it isn’t something that can be relied on at all but trading is much more reliable than gambling because if we have the right knowledge then we can make it out in success and profits.

[SamReomo]

You are right, the getting rich quick mindset is what gets many folks into this traps and experience negativity. They always approach gambling and  trading as an activity where they can get rich instantly and make a massive breakthrough but those activities aren’t meant to be treated in that manner because that not what they are not especially when we want to see progress specifically in trading.

Those who think they can become rick quickly by trading or by gambling are the ones who actually don't understand economics in detail. Such people ends up losing their capital again and again in hope of getting rich in shortest period.

It is not practically possible to get rich in a quick way, one has to do things properly and over time one can increase the earning level to reach rich status.

It is not something that one can achieve in short time and there is no short cut either to get rich. One has to follow proper steps to grow the wealth over time, that is the only method that works for everyone.

[ChocolateBitcoinK]

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.   

This is a clear difference between trading and gambling, and this difference must be understood very well, there are many who do not understand this difference well, and because of this they do everything with emotion and end up in big losses. Trading should not be treated like gambling, here everything has to be achieved through skill. The more skill you have, the more chances you will have of success. Nothing depends on emotion or luck in trading, rather here you have to control the risk, increase the chances through your own research, and by researching everything and trading with the right strategy, you have to create your own chances of success. But in the case of gambling, there is no such opportunity, rather everything is determined only by luck, and at the same time everything is arranged in such a way that you can never profit, rather the house will take money from you most of the time. And that is why you should be careful, and be realistic and understand the difference between trading and gambling well and make decisions, so that unexpected risks can be avoided.

[Texac]

You are right, the getting rich quick mindset is what gets many folks into this traps and experience negativity. They always approach gambling and  trading as an activity where they can get rich instantly and make a massive breakthrough but those activities aren’t meant to be treated in that manner because that not what they are not especially when we want to see progress specifically in trading.

Those who think they can become rick quickly by trading or by gambling are the ones who actually don't understand economics in detail. Such people ends up losing their capital again and again in hope of getting rich in shortest period.

It is not practically possible to get rich in a quick way, one has to do things properly and over time one can increase the earning level to reach rich status.

It is not something that one can achieve in short time and there is no short cut either to get rich. One has to follow proper steps to grow the wealth over time, that is the only method that works for everyone.

Agreed.
Look at the richest people in world or people who made serious money in the market. How many of them got rich in shorttime by constantly chase huge return? Pretty much none.
Most of that wealth was built over year through hard work, building capital and disciplined investing.

It's not gambling or trading.  It's all of get rich quick schemes that are trap, and who do not understand economic are easy target for all those empty promise.

[Obari]

I do not know if this post should be posted at the gambling section or this trading board because if you look at the title it both has gambling and trading which I am trying to know where to post it.
That not withstanding, finally decided to post it here as I believe that it would well answered over here than the other side. I was having a conversation with a friend and he was like saying 'he has two things in his mind on to into but, he doesn't know the one that could pay him more faster and quickly" He also considered trading but that would take his time as he lack patient, then on the second thought he felt that gambling is another thing he could do without doing much research about what he is doing, is just about doing finding on the history of the bet he gonna bet on and whenever he finishes his analysis he can place bet.

When he asked that which do I prefer to go into and told him trading could be more better, this also struck me to come here to ask on which do you think one can make quick money from them. I know both do take time but he doesn't have patient to trade or sitting his himself down to start learning things about trade otherwise, 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 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, I don't know if I have made a comment on this topic previously but I know that both gambling and trading have reasonable amount of risk associated with them and firstly before I make any recommendations, I would want to know the age of your friend because age of a person also plays some roles in the decisions of a person and that aside, except your friend truly knows what his doing, I wouldn't advise him to gamble and that's because gambling is more of luck based than skill while trading on the other hand can be taught and learnt so if he can be patient enough to know trading properly, then I would suggest trading to him.

[Nwadiche]

From my own opinion i would say gambling tender prompt disbursement. Why i said gambling is faster id because is an event that last within few minutes, not unlike trading that required time to learn. Because in trading someone really need to master charts, you must be aware of risks involved on it and  you must know about management, which by knowing all this things it happens that it'll take you up to months and years.