Why would a successful trader play casino games?

[bakasabo]

Either that trader is gambling for fun and has chosen gambling as form of entertainment, because money are involved there. Not only he is having fun but also test chances of earning. Or he has not got enough of risky emotions at work and he wanted to receive remaining of them by gambling. Gambling allows him to get them for a lower price (I dont think he is gambling with same amount of money he operates while trading).

[Achalugo BTC]

Someone might be successful as a trader or a business man, and engage in gambling as a fun or even as a means of making more money. However, not every wealthy person gamble for fun, but see gambling as a way of multiplying their money. There are several cases where people who were doing well financially eventually became weak financially because of gambling, and that is because they they attached so much interest to gambling thinking they could make more money from their . Not everyone are disciplined, some of us who ventured into playing of these casino games never entered it as a means of making money, but as fun, but went out of control and spend more money than necessary, and now see it as an alternative to generate more money.

That is why it is important for one to balance things such business, finances and gambling. That will help them avoid falling into traps that could ruin them, especially when they are addicted to gambling, as they could use their business money to gamble, believing it will multiply their money. But being disciplined enough to understand that gambling is meant for fun will help them know when to stop before their losses get out of hand, because they will understand that gambling is entertainment, not a way to make money.

[TheUltraElite]

It might be a personal choice or another method of marketing their social media because most people who are into trading also want to get rich quick and gambling does not come far from it. They are not the ones who are diligent about their gameplay and would more likely be wasting money on gambling rather than make some on trading.

So its in the mindset and the person who is posting these might understand it clearly and want to exploit just this.

I dont consider a trader who declares themselves as successful to be a truthful person or a real trader, because the latter keeps their exploits hidden from public.

[ultrloa]

I was recently browsing through posts on a well-known trader's Telegram channel. He often posts screenshots, income statements, links to asset price forecasts, and so on. Interestingly, he spends some of his trading winnings on casino games. His casino winnings are random and generally unprofitable compared to trading. This got me thinking. Many people claim that gambling is wrong for fun; there's always an ulterior motive to get rich. Why do you think traders play casino games in this case?

By saying that he's successful trader means the amount he lost in casinos is just nothing to him.

Somehow he can recover back, once he do trades again.

But I really have bad feeling that, he's just flexing his gains. Also the amount he can afford to lose, so that he can gain the trust and confidence of people. Because people might feel relax seeing that he can afford all of those things.

Also usually those people flexing their gains and status is life are usually scammer, if we talk about in telegram. So best to be more careful because who knows, maybe that guy have bad intention to those people following his progress.

[Luzin]

Many people claim that gambling is wrong for fun; there's always an ulterior motive to get rich. Why do you think traders play casino games in this case?

Some people are indeed looking for money and others do it just for fun. There are two perceptions about gambling, and I respect that; for instance, I also gamble because I need entertainment. Not everyone's ultimate goal is money. Everyone seems to have different motives, so you might need to conduct a survey in this forum to find out the details on how many people gamble for money and how many gamble for fun. Those who show off gambling or trading results are usually people trying to seek other gains; successful people tend to hide a lot from the word 'show-off'. The ultimate goal is usually to build trust with the public. They are asked to follow their social media. After that, they are asked to join a group. Next, they create a paid VIP group. Situations like this are common, and some people might not be surprised. IMO

[TedMosby]

I am more interested in people who say gambling for fun is wrong. Making money at a casino is great, it's part of the good experience. Most people may have experienced more losses than wins. They may even know it's almost impossible to beat the casino in the long run, but they just keep playing. Do you think money alone is a strong enough reason why they keep playing? Obsession and addiction play significant roles here.

What people like about casinos is not only the money. If money were the only reason, casinos wouldn't need to provide so many kinds of games. Different games can give you different sensations of adrenaline spikes. Winning after losing also feels good and addictive. If you say the motive is to get rich, then why do rich people gamble too?

Maybe we can use alcohol as a similar analogy. Many people know it's mostly bad for their health. Water is the cheapest and healthiest option to drink. Why do people still drink alcohol?

[Leahized]

I was recently browsing through posts on a well-known trader's Telegram channel. He often posts screenshots, income statements, links to asset price forecasts, and so on. Interestingly, he spends some of his trading winnings on casino games. His casino winnings are random and generally unprofitable compared to trading. This got me thinking. Many people claim that gambling is wrong for fun; there's always an ulterior motive to get rich. Why do you think traders play casino games in this case?

It should never be externally, a successful trader uses some of the earned money for gambling. And he profits continuously or regularly through trading. According to this statistic, spending time in a casino is not unusual. However, his intention cannot be clearly stated, but the desire to earn money quickly exists within a person. Perhaps there is such an intention or something else.

A trader has to spend a lot of time daily analysing the market and behind the candles. This can create mental unrest. Perhaps, even in a funny way, such decisions can be made. As far as I know, those who have a large amount of money make such absurd decisions.

[WhoYouCantKill]

Many people claim that gambling is wrong for fun; there's always an ulterior motive to get rich. Why do you think traders play casino games in this case?

Some people are indeed looking for money and others do it just for fun. There are two perceptions about gambling, and I respect that; for instance, I also gamble because I need entertainment. Not everyone's ultimate goal is money. Everyone seems to have different motives, so you might need to conduct a survey in this forum to find out the details on how many people gamble for money and how many gamble for fun. Those who show off gambling or trading results are usually people trying to seek other gains; successful people tend to hide a lot from the word 'show-off'. The ultimate goal is usually to build trust with the public. They are asked to follow their social media. After that, they are asked to join a group. Next, they create a paid VIP group. Situations like this are common, and some people might not be surprised. IMO

Well, different people have different reasons for gambling, but the real problem starts is when people start flaunting their wins to others and use it to try to convince others that gambling is actually a reliable source of income. Some of these people show off these winnings to attract dozens of followers, and then later sell them betting tips or some so called access to VIP groups that offers accurate predictions, while hiding their losses from those people.

This is the very reason why I’ll judge someone success merely through screenshots or what they show off on social media, no matter how profitable they claim or appear to be in gambling.

[Zlantann]

Either that trader is gambling for fun and has chosen gambling as form of entertainment, because money are involved there. Not only he is having fun but also test chances of earning. Or he has not got enough of risky emotions at work and he wanted to receive remaining of them by gambling. Gambling allows him to get them for a lower price (I dont think he is gambling with same amount of money he operates while trading).

Both gambling and trading seem to have similar risk levels. The difference might be that traders use more money and trading is a career. The example the OP said might be that the trader enjoys gambling. This example couldn't be used for generalization.  As long as the trader is gambling responsibly, there is no need to worry. I wouldn't advise people to engage in both gambling and trading because of them involves high levels of risk.

[Orpichukwu]

Interestingly, he spends some of his trading winnings on casino games. His casino winnings are random and generally unprofitable compared to trading. This got me thinking. Many people claim that gambling is wrong for fun; there's always an ulterior motive to get rich. Why do you think traders play casino games in this case?

The motive might be fun for the trader but making more money is not far from it, no body is ever tired of making money he might be using those casinos games to spend some free time when he’s not analyzing his next trade but that does not mean he’s doing it without expecting something in return he can just be more in control than some players who take it as a source of income.

[Bluedrem]

There are many rich people around and there are various ways of earning money from which they can easily earn money but they also gamble sometimes. So considering the source of income, we can never say why this person gambles and why this person does not gamble. What a person will do or not is entirely a matter of his psychology. When a person considers the surrounding conditions and sees people around him gambling, perhaps curiosity about gambling arises in him and out of this curiosity he comes to gamble to experience how gambling works. And we know that once someone starts gambling, he cannot get out of there very easily. Maybe that trader had a continuity of income through trading but when he came to know about gambling, maybe he entered gambling out of curiosity and is still gambling continuously.

[$crypto$]

The ulterior motive behind the word fun is actually this can be an alibi, it's not all of it just partly because I believe there are some players gambling purely because of the fun of the game.

We do not know from what you inform it, whether the trader plays gambling only 10% of the total trading profit or all of it? Maybe it could be that people think because they are too stressed a lot of thoughts about the price every time there is a time when they play gambling first after trading.

This is all just an estimate, but if the trader spends all of it, it will make his addiction worse.

[UpTober]

Many times, we say that we play casino for entertainment, maybe the businessman you mentioned is also quite satisfied with his business and maybe he plays casino to spend time outside of business. If the businessman you mentioned performs all his business tasks well and then plays casino with control over himself, then I think he should not have a problem with this casino game, but the problem is when a person is addicted to gambling and when he forgets his daily work and only gambles. I myself study as well as look after my own site business and I have a habit of betting on sports along with this. I have not felt that I am addicted to these things so far, so I do not consider these things as a problem so far.

[henmark]

Does the channel have a large number of subscribers?
The only motive I can think of is leveraging that popularity to distribute referral or affiliate links. In terms of potential, earnings from such partnerships can sometimes be more attractive than the casino winnings themselves.

There are also sponsorships as well. I mean, a casino could be paying that dude a good chunk of money to post from there as well? It has happened, plenty of Kick streamers, for example, ended up turning into gamblers even though they did not get famous for gambling.

A lot of LoL players, CS: GO players, Valorant players, Dota players, all turned into gambling during the early days of Kick because we have seen kick pay these streamers a ton of money for streaming from Stake, and those streamers made literally millions together that way. I do not know who OP is talking about, and I am sure it's not millions, but still, money is money, and if someone pays you to post some screenshots of some bets you made on some website, you usually take that.

[Cossyblack]

Those that does it to fuel their ego are those that are actually successful in it, but majority of these people that does such things are only doing it to have more followers to be able to earn from their social media account, because if you are truly good at something and you are making a lot of money from it, you wouldn't come to social media and be making announcements on how good you are, and how you are willing to teach others that will pay a certain amount of money, that will be an unnecessary stress.

You are looking at it from a different perspective. People who are very skilled and good at something and they are making money from it can still go on social media to showcase their talents to earn more income from their followers. The boldness you have is because you know it very well and you can earn by teaching others what you know.  The goal is to make extra incomes by teaching others,  even though it will be stressful but i don't think it is unnecessary stressful like you put it because you have a good reason why you are doing it.

[Antotena]

I was recently browsing through posts on a well-known trader's Telegram channel. He often posts screenshots, income statements, links to asset price forecasts, and so on. Interestingly, he spends some of his trading winnings on casino games. His casino winnings are random and generally unprofitable compared to trading. This got me thinking. Many people claim that gambling is wrong for fun; there's always an ulterior motive to get rich. Why do you think traders play casino games in this case?

Maybe he is among the number of people that believe gambling is for fun and don't care about the money he makes from it as compare to trading. I think this is simple, people don't get entertained when there is no incentive, it's possible that some people may see gambling as some fun thing to do but that number is very few and that well known telegram guy might just be one of them, the rest of the people including myself don't gamble for fun, I'm there for the money.

If anyone want to think otherwise, that's fine but I'm bit gambling to lose money to any company because they are not there to entertain me. They are there to make money and so am I too. The difference is just that I don't see gambling as a source of income, it should never be a place to make money but if you make the money, use it for what you want.

[JoyceBTC]

In as much as so many people gamble for the money, they are still people who gamble for the fun, which is this traders. It is maybe they find it fun gambling or they just like taking risks since it is mostly said that trading is just like gambling and I believe these are one of the reasons traders gamble.
Again it can also be a personal reason, everyone has their on motive as to why they gamble, in as much as this gamblers don’t lose all their money from trading to gambling and they do it responsibly, then it is not a problem no matter the motive behind it.

[bakasabo]

Either that trader is gambling for fun and has chosen gambling as form of entertainment, because money are involved there. Not only he is having fun but also test chances of earning. Or he has not got enough of risky emotions at work and he wanted to receive remaining of them by gambling. Gambling allows him to get them for a lower price (I dont think he is gambling with same amount of money he operates while trading).

Both gambling and trading seem to have similar risk levels. The difference might be that traders use more money and trading is a career. The example the OP said might be that the trader enjoys gambling. This example couldn't be used for generalization.  As long as the trader is gambling responsibly, there is no need to worry. I wouldn't advise people to engage in both gambling and trading because of them involves high levels of risk.

The the explanation is simple, trader that also gamble prefer activities that are heavily connected with money or activities that might improve his finances. If there is a choice between gambling and any other entertainment activity, then gambling will be preferred as in that activity money, like in all activities, can not be spend, but also gained. I dont believe explanation to OP question is as simple as "he just like to gamble".

[Findingnemo]

I was recently browsing through posts on a well-known trader's Telegram channel. He often posts screenshots, income statements, links to asset price forecasts, and so on. Interestingly, he spends some of his trading winnings on casino games. His casino winnings are random and generally unprofitable compared to trading. This got me thinking. Many people claim that gambling is wrong for fun; there's always an ulterior motive to get rich. Why do you think traders play casino games in this case?

Maybe he just wanted to get some entertainment?

A trader can gamble which doesn't mean he is doing it for the money, it can be simply for what he is supposed to get, just the fun and focus on his trading back with much more efficiency when he is stress free.

[Obim34]

I was recently browsing through posts on a well-known trader's Telegram channel. He often posts screenshots, income statements, links to asset price forecasts, and so on. Interestingly, he spends some of his trading winnings on casino games. His casino winnings are random and generally unprofitable compared to trading. This got me thinking. Many people claim that gambling is wrong for fun; there's always an ulterior motive to get rich. Why do you think traders play casino games in this case?

People's choice to spend money where they want, but in this case, there is a motive. Outside the idea of having fun, he is looking for an easy way to quickly multiply his profits without having to go through the difficulties of analyzing the market. He might be playing for fun, but it feels somewhat like moving your money from one risky place to a riskier site, where you can easily lose everything.