Post
Topic
Board Gambling
Re: Flip or Trade? What’s The Bigger Gamble?
by
avp2306
on 15/10/2023, 06:36:15 UTC
Coin flipping has so much to do with luck and with little or no skill at all whereas in day trading you can't just open a position to trade hinging on luck there must be an applied skills from a long time built technique.
I have learnt a number of lessons from my losses in gambling but I can't say I can depend and work with the experiences of those losses to make profit in subsequent bets but for trade the more experience and knowledge you possess the more chances you have of making profitable trades without having to be lucky at it.
Exactly, that's their difference. Experience in luck based games (or in coin flip specifically) doesn't increase your chances to profit the next time you gamble again. Because there's no skills that can help you to win, thus regardless of what you do the result will still depend on your luck.

While on trading, experience can help you to improve, this can increase the possibility to profit next time since you gained knowledge already from your past experiences. Although it is also risky just like gambling, but trading doesn't solely relying on luck. The more experience you have, means you already learned something, it could be another knowledge or strategy.

Its because in coinflip all what you do there is random so you cannot really expect that there's a way that you can increase your chances to win since you need a huge luck before you can earn or have a long winning streak in this games.

Unlike on trading where we can do something to increase our chance to win and we can read up some sort of current events happening and do some technical analysis so that we can see a better figure on which is the good time to execute to do our buy orders or even get some hints about when to sell. That's why this two is really incomparable since there's a lot of things should need to look forward and coinflip is just a luck based game where people got only excited to see the result when the coin hit on the floor.