Quote from: Lovykitty on February 17, 2018, 09:02:03 AM

I want to explain about the Difference Gambling With Trading

Many of those who claim to be a trader still can not distinguish gambling with trading.

The word "play or play" is different 'taste' if used in a "play ball" activity for example.

Consciously or not, the word 'play' is more pronounced to the nuances of gambling when used in a trading activity - unconsciously embedded in the mental and then form what is called mental gambler
Gambling and trading are two different activities.

Gambling is an activity of drawing fate! For example - grab a dice, select a number and then hope the number will appear, throw the chest ... the decision-making process is complete when the dice is thrown, the end result we never know and can not control it.

Then what about trading? Trading is a decision-making activity involving many aspects ranging from market research and analysis, financial management and risk management to psychology management to recognizing market psychology as well as the ability to control oneself. But what differentiates a trader from a gambler is - a trader have the ability to read things and then change them - for example by counter-trading, running a backup strategy when realizing the predefined calculations and analyzes are wrong. A trader has the ability to turn an unfortunate circumstance into a favorable state for himself.
I do not agree if the bitcoin is called gambling,
Has not the LORD said that HE will not change the state of a people if the people will not try to change their own circumstances?

Would you say sports betting is gambling? You could spend hours analysing any sports match, statistics, injuries, motivation, weather, formations, strategy, match up, calculating causal fanbase bias and irrationality, so many aspects, so much depth, and also requires bankroll management, yet everyone agrees it's gambling. because it's a zero sum, even negative sum game (because house in betting/or exchanges and fees with crypto take a chunk). Same goes with poker. Trading is no different.

You can increase odds in you favor, but still lose because it's unpredictable in the short term and anything can happen no matter how much time and how well you did you analysis.