Quote from: Dunamisx on Today at 11:59:28 AM

Quote from: avp2306 on October 15, 2023, 06:36:15 AM

Quote from: lienfaye on October 15, 2023, 12:26:55 AM

Quote from: Lida93 on October 14, 2023, 03:51:41 PM

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.

Coinflip is strictly on luck, how lucky we are in playing this game will determine if the luck works on our side or not by winining or loosing, we should understand games by their categories, some are not only determined by luck alone, but how skillful we appear in playing them, when we divert to trading, this is another thing entirely different from flipping coin or gambling, this is a way of making business or an investment and we choose the kind of position to take that best fit us.

Different category
Different approach
Different dealing
Different actions to be made
Different preparation
Same outcome- Win/Lose

When it comes on dealing things then it would really be that entirely be depending on someones preference on which one they would really be dealing out on which if they would
be dealing with some entertainment or they would really come after for investment or business on which risks is also there. Both things might have risks on losing money but on the way
that you would really be dealing up or on what the things been needed for you to be able to get a good grasps of it then it would really be that different.