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Xantys

A good gambler prone to be a good trader

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Gambling and active trading (stocks, currencies etc) have lots of similarities. Both apply similar strategies, money management rules and both require same human qualities like self-discipline, patience, control of fear and greed. But there are some differences as well like entry barriers, technical and fundamental analysis, skills and education requirements.

Trading is generally viewed by society as good and respectable occupation while gambling is something more inferior and even dangerous.

However, in my point of view gambling with it's ease of access is a wonderful practice for a trader and someone capable of successfull gambling is also prone to be a successfull trader. And vice versa.

Do you agree?

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i really dont know why people think trading is like gambling, those are two diffefent things, gambling is based on luck in all its games, you can not predit the result in gambling, you have odds you have a game and your luck plays the biggest part. while trading is different, you can clearly predict the next price if you are good at it, you only need to follow the news and read about what can control the actual price like bid companies...etc.

a good trader doesnt mean a good gambler, trading and gambling are two different things.

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Not necessarily are a good gambler a good trader or vice versa. Trading needs a lot of patience, discipline and practice on part of the trader. Most gamblers are addicted and neither do they pay any attention to what they are losing nor they have any control over their emotions. Maybe both have a risk element but you are not completely washed out on a loss trade. You may still have some assets to hold on to - which you may be able to sell at profit later. But in gambling you get wiped out by a single bet if you are not lucky.

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in trade there is indeed a dibesebut making a profit by calculating the percentage of the final sales amount. while gambling there is something called luck. between luck and percentage are both aimed at earning money from the work (gambling and trading). it's just two things with the same goal but different paths ...

so yeah ... gambling with trade are two different things. but, there are those who gamble in trade ... if at first glance, someone is indeed trading, but essentially he is gambling. like an investor .. he initially only buys something, when the price goes up he sells it, at certain times he bet what he buys to make more profit. This is indeed a trade, but he also gambles ..

I'm sure not everyone wants to gamble when trading, it's just that, if the offer comes to them (the traders), not all traders are able to reject it. This is because the benefits are more ... 🤩
 
 

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1 hour ago, Xantys said:

Gambling and active trading (stocks, currencies etc) have lots of similarities. Both apply similar strategies, money management rules and both require same human qualities like self-discipline, patience, control of fear and greed. But there are some differences as well like entry barriers, technical and fundamental analysis, skills and education requirements.

Trading is generally viewed by society as good and respectable occupation while gambling is something more inferior and even dangerous.

However, in my point of view gambling with it's ease of access is a wonderful practice for a trader and someone capable of successful gambling is also prone to be a successfull trader. And vice versa.

Do you agree?

Not necessarily, but in a way it is similar. Trading is somewhat predictable if you are resourceful and keen enough about details but gambling and trading is similar in such a way that:

  • Risks are involved- you have no certainty that you will end up or exiting with a positive profit.
  • "Know when to stop."- that is self-explanatory.
  • Putting something inside what you can only afford to lose- both subject must not be used for any profitable enterprise. The only divergence between the two is that in gambling, you must not think about making a profit for a living from it. The latter is very psychologically destructive and will surely lead to a lot of financial problems if you sustain yourself in it.

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I do not agree, gambling remains gambling. If you trade based on feeling or luck and guess the origin. You can be sure you are gambling, but if you trade based on mature forex techniques and analysis, both Technical Analysis and Fundamental Analysis then you are not a gambler but a trader. Or the cool language is "Smart Traders Not Gamblers"

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While gambling and trading themselves are two completely different things, with gambling relying mostly on luck and chance and trading relying more on knowledge and analysis.  I somewhat agree that applying similar practices such as discipline, patience, and the ability to capitalize on momentum can make a good gambler into a good trader.  Obviously I would say this not always the case, but I could see where applying certain aspects from one to the other can translate into success.

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I agree you @Xantys when you say that gambling requires patience , bankroll management and discipline as in trading. However , a good trader can be a bad gamber and vice versa.  

Trading is very different from Gambling, when you enter a casino you have to expect a negative result since there's the house edge , while trading if it's done properly , can put you in advantage, so yeah maybe there are some similarities but  trading is more based on skills , even if sometimes some unexpected events can occurs.

 

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On 15/08/2019 at 21:11, Chikou1306 said:

i really dont know why people think trading is like gambling, those are two diffefent things, gambling is based on luck in all its games, you can not predit the result in gambling, you have odds you have a game and your luck plays the biggest part. while trading is different, you can clearly predict the next price if you are good at it, you only need to follow the news and read about what can control the actual price like bid companies...etc.

a good trader doesnt mean a good gambler, trading and gambling are two different things.

yepp ... you are right and I agree with you ... trade and gambling are the very opposite ..
if trading you need to analyze market share and calculate the percentage of the possibilities ...
turn around with gambling where you can lose everything in just a few seconds, or you can also get more in a few seconds too

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well they arent same, really, as gambling is random, pure random, and trading can be predictible, and if experienced  you can predict better, react based on news, and information, and it can  help you be right, while in gambling its odds.. and its random, pure random.

but ye, there is 

1) risk

2) skill needed, descipline, self-controll and stuff

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Gambling involved both risk and skill e.g self discipline/not making stupid bets. You are somewhat correct and gambling could be seen in the same way. Both involve risk and skill.

However, I know a few stock traders and there are more than it than sees the eye. It requires an immense amount of skill and quick thinking, to benefit from trades and make a profit.

Gambling on the other hand is purely luck, wel 90% of the time. People can count cards and sort cards, but that is only a small minority of gamblers. You can have the best strategy and it can still make you lose money at the end of the day. :/ 

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On 15/08/2019 at 23:09, sheenaz.bay said:

I do not agree, gambling remains gambling. If you trade based on feeling or luck and guess the origin. You can be sure you are gambling, but if you trade based on mature forex techniques and analysis, both Technical Analysis and Fundamental Analysis then you are not a gambler but a trader. Or the cool language is "Smart Traders Not Gamblers"

yeah ... between gambling and commerce are indeed two very different things ...
The trade chooses the calculation of profit by percentage, while gambling is not so always calculates percentage, .. there is only hunting and winning ... or losing ... done

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This is a great question! Good for my experience every time I start talking about cryptocoins, gambler, casino, coins, and electronic transactions, the moment I talk about casino games, people widen their eyes and say it's dangerous.

I laugh because I know it is really difficult and dangerous if there is no control, patience, practice, and especially experience.

I think the experience has made me win more than losing, even though I'm not getting my expected results in recent months, I'm happy with my casino play.

I agree with your point of view, you will only succeed in the game if you respect certain rules. If you know how to handle the game you have great results. I will sincerely play as long as possible, not just for the sake of addiction or liking, but for a greater option, this is a kind of work of mine in which I can take some advantage of my brain and my luck with the right strategies at certain times moments.

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On 16/10/2019 at 05:41, JohnTravel said:

This is a great question! Good for my experience every time I start talking about cryptocoins, gambler, casino, coins, and electronic transactions, the moment I talk about casino games, people widen their eyes and say it's dangerous.

I laugh because I know it is really difficult and dangerous if there is no control, patience, practice, and especially experience.

I think the experience has made me win more than losing, even though I'm not getting my expected results in recent months, I'm happy with my casino play.

I agree with your point of view, you will only succeed in the game if you respect certain rules. If you know how to handle the game you have great results. I will sincerely play as long as possible, not just for the sake of addiction or liking, but for a greater option, this is a kind of work of mine in which I can take some advantage of my brain and my luck with the right strategies at certain times moments.

I believe, patience, practice, self-control, and experience are indeed one of the main factors in betting that people make online casino. but that is only limited to theory, because until now, there are still many experienced gamblers, who have been trained enough in online casino cryptocoin betting, and are certainly highly trained, but always fail to control themselves. it is always dominated by greed that makes it even more devastating to the bets he makes himself.
I think self-control in betting is the main main point that really needs to be trained from an early age before actually engaging in gambling, because I believe many of the professional-grade gamblers lose out on bets because of greed that is beyond their own control

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in trade there is indeed a dibesebut making a profit by calculating the percentage of the final sales amount. while gambling there is something called luck. between luck and percentage are both aimed at earning money from the work (gambling and trading). it's just two things with the same goal but different paths ...

so yeah ... gambling with trade are two different things. but, there are those who gamble in trade ... if at first glance, someone is indeed trading, but essentially he is gambling. like an investor .. he initially only buys something, when the price goes up he sells it, at certain times he bet what he buys to make more profit. This is indeed a trade, but he also gambles ..

I'm sure not everyone wants to gamble when trading, it's just that, if the offer comes to them (the traders), not all traders are able to reject it. This is because the benefits are more ... 🤩

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On 16/10/2019 at 01:41, JohnTravel said:

This is a great question! Good for my experience every time I start talking about cryptocoins, gambler, casino, coins, and electronic transactions, the moment I talk about casino games, people widen their eyes and say it's dangerous.

I laugh because I know it is really difficult and dangerous if there is no control, patience, practice, and especially experience.

I think the experience has made me win more than losing, even though I'm not getting my expected results in recent months, I'm happy with my casino play.

I agree with your point of view, you will only succeed in the game if you respect certain rules. If you know how to handle the game you have great results. I will sincerely play as long as possible, not just for the sake of addiction or liking, but for a greater option, this is a kind of work of mine in which I can take some advantage of my brain and my luck with the right strategies at certain times moments.

imagine how good it would be for you, if it was 0 house edge and well i dont know, its still a game riski, and with a house edge, so be carefull, lots of reds can happen and well it might kill you. and good luck.

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On 15/10/2019 at 23:41, JohnTravel said:

This is a great question! Good for my experience every time I start talking about cryptocoins, gambler, casino, coins, and electronic transactions, the moment I talk about casino games, people widen their eyes and say it's dangerous.

I laugh because I know it is really difficult and dangerous if there is no control, patience, practice, and especially experience.

I think the experience has made me win more than losing, even though I'm not getting my expected results in recent months, I'm happy with my casino play.

I agree with your point of view, you will only succeed in the game if you respect certain rules. If you know how to handle the game you have great results. I will sincerely play as long as possible, not just for the sake of addiction or liking, but for a greater option, this is a kind of work of mine in which I can take some advantage of my brain and my luck with the right strategies at certain times moments.

if you are winning more than losing, then you must be lucky, gambling may requires mathematical skills but it all depends on luck, no matter how you play, when you get lucky you win, thats the fact.

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On 18/10/2019 at 10:57, Chikou1306 said:

if you are winning more than losing, then you must be lucky, gambling may requires mathematical skills but it all depends on luck, no matter how you play, when you get lucky you win, thats the fact.

it doesnt require mathematical skills, math= proves you will get fked in dice, only thing you will see, unless get lucky, and get more than average, bt will lose Thats why house edge is there, and math proves, more wager= more loss, so lower payouts,more loss.

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On 18/10/2019 at 06:59, JstLikeMagyk said:

in trade there is indeed a dibesebut making a profit by calculating the percentage of the final sales amount. while gambling there is something called luck. between luck and percentage are both aimed at earning money from the work (gambling and trading). it's just two things with the same goal but different paths ...

so yeah ... gambling with trade are two different things. but, there are those who gamble in trade ... if at first glance, someone is indeed trading, but essentially he is gambling. like an investor .. he initially only buys something, when the price goes up he sells it, at certain times he bet what he buys to make more profit. This is indeed a trade, but he also gambles ..

I'm sure not everyone wants to gamble when trading, it's just that, if the offer comes to them (the traders), not all traders are able to reject it. This is because the benefits are more ... 🤩

I also thought about that. I made sure that this was indeed true. between trade and gambling has something in common that most traders don't realize. Many traders are asked if he gambles? Peacock would say that they don't gamble, even though basically without them knowing it, they actually gambled.

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It is difficult to say to be honest. Gamblers are generally not traders, because they rely on luck, not skill. However, gamblers that analyse, count cards etc. will make good traders.

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On 15/08/2019 at 21:20, Xantys said:

Gambling and active trading (stocks, currencies etc) have lots of similarities. Both apply similar strategies, money management rules and both require same human qualities like self-discipline, patience, control of fear and greed. But there are some differences as well like entry barriers, technical and fundamental analysis, skills and education requirements.

Trading is generally viewed by society as good and respectable occupation while gambling is something more inferior and even dangerous.

However, in my point of view gambling with it's ease of access is a wonderful practice for a trader and someone capable of successfull gambling is also prone to be a successfull trader. And vice versa.

Do you agree?

Like what chikou said, luck plays a very important role in gambling even if you are patiently waiting for a nice time to bet, it's still gambling and you wont know what will be the outcome of your bets. Unlike in trading, yes there's nothing sure on both trading and gambling but it's trading that is safer in the long run. I recommend it as second income, while you're working. Gambling won't do anything if you're addicted to it learn when to cashout. Trading will bring you something, just invest your time and money it's maybe not so huge, but it'll be worth it.

 

On 18/10/2019 at 00:48, @zulfandina said:

I believe, patience, practice, self-control, and experience are indeed one of the main factors in betting that people make online casino. but that is only limited to theory, because until now, there are still many experienced gamblers, who have been trained enough in online casino cryptocoin betting, and are certainly highly trained, but always fail to control themselves. it is always dominated by greed that makes it even more devastating to the bets he makes himself.
I think self-control in betting is the main main point that really needs to be trained from an early age before actually engaging in gambling, because I believe many of the professional-grade gamblers lose out on bets because of greed that is beyond their own control

Well, in my years of experience in these kinds of gambling sites, I've seen many pro and experienced gamblers who gets lots of profit and had done the same mistake just like unixpunk he lost 18 btc that night or more, he was good at his strategy but the concept of "the house always wins" is always true! Im always watching his bets hoping to learn his strategy. Self control might be a huge factor in gambling but it's also matter of luck.

 

On 26/09/2019 at 06:07, ThePug said:

Gambling involved both risk and skill e.g self discipline/not making stupid bets. You are somewhat correct and gambling could be seen in the same way. Both involve risk and skill.

However, I know a few stock traders and there are more than it than sees the eye. It requires an immense amount of skill and quick thinking, to benefit from trades and make a profit.

Gambling on the other hand is purely luck, wel 90% of the time. People can count cards and sort cards, but that is only a small minority of gamblers. You can have the best strategy and it can still make you lose money at the end of the day. :/ 

Unfortunately I have to agree about that, how sad it is to lose the money you've won in the whole morning and just bust it in the evening cause your bored and wanna do crazy bet! 😆 1.1x all in is the most stupid thing I did, I lost 400k sats in just a click. Sometimes it's also us who's making us lose not the luck but our stupidity. 😂

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I've never connected the two. Investor trading involves a lot more than the smuck guess work of gamblers. You can apply whatever strategy or algorithm you want to your gambling tactics but i say posh! Guesswork is all. Goodly ungodly guesswork! 

Now a investment broker had better be doing a lot more for my damn profile then goodly ungodly guesswork! Bridges dammit! Everything i own is invested in bridges! 

Gotta know when to hold um....WHEN TO ROLL UM!

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