Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Cryptoprincess101
on 19/08/2024, 20:54:17 UTC
Trading is risky just like gambling but trading is nothing compared to gambling. In gambling, you will always need luck, but in trading, you can solely depend on your expertise and flourish in it if you know your way out. But the issue with people is that they do not know how to trade but are just forcing things, this is why you can even compare trading with gambling Still, what I agree with you on is that people can resort to investing instead of trading as a less risky option. But it still has to be strictly engaged, otherwise, an investment could be silently more dangerous than trading at times. DCA is also a very good investment style but we should not let it enter our heads as a safe haven for investment as it on this thread. The right application is key.
People are comparing trading to gambling due to the high risk they both involve. A lot of people are losing money in trading just as they are also losing in gambling, and that is why they always compare them. Even gambling is not fully based on luck; if someone can analyze it well, there is always a better opportunity to win than for those who just want to fully rely on luck. Let's know that we have different types of trading; some types of trading are akin to gambling.
Quote
I agree with you on this, gambling isn't just all about luck alone, but a combination of knowledge and experience for you to have a better wining rate.

And yes, trading is risky, but way more controlled than you would have control over gambling, Basically, those you would see complain about trading being as gambling are these categories of traders who might have in one way or the other had gambled before, and it didn't work out for them or maybe currently are into gambling but has come into the trading world with a gambling mindset, where you have them gambling the market and calling it trading, lol.

Trading can devolve into gambling, and sure there are likely more conservative trading methods that might not really be gambling, so there are not exactly bright lines in regards to the various categories, of investing versus trading versus gambling but they might sort of be on a spectrum in which many of us might not agree upon the thresholds upon which one of the practices might fall into being the next one.

Even though there are some similarities between trading and gambling, to me they are not the same because trading has some ethics that when strictly adhered to, even if you incur losses, it is not going to be as numerous as gambling is and gambling is more like a blind form of investment permit me to say because this is basically on uncertainty, if you like apply all the whole skills and tactics about gambling but if it's not a won bet it can never be but even though trading also falls more in category of involving higher risks of losing money just like in gambling but if a trader follows some principles and techniques about trading they don't incur to many losses. And in trading, the most people that losses more are the beginners because they don't understand the basics concepts in trading but when they learn with time they begin to get used to how trading works but even with that being said it is preferable to engage more in making investments than either gambling or trading because it does not involve too many risks as trading and gambling does.