Post
Topic
Board Gambling
Re: Flip or Trade? What’s The Bigger Gamble?
by
Lida93
on 15/10/2023, 07:40:32 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.
Because it's an activity that's based on luck that's why we see people that gamble performs rituals and all sorts of stuffs just to increase their chances of luck for them to be fortunate to win but these rituals don't have a place in trading no amount of rituals done can make you win a trade it's particularly characterized by knowledge, experience and research.
Although we are bound to incur losses from the two (trade and gambling) but in trading, with how good your skills and strategy is working well for you you don't need luck to win many trades.