Quote from: Zaguru12 on September 28, 2024, 10:57:10 PM

I think many people will be against this statement that trading is not gambling.

You can trade, everyone can trade but whether your and their tradings are like trading or more like gambling, it depends on how the trade is made.

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Trading is involves prediction without actually knowing the outcome and this is why most people don’t trust it and rather easily relate it to gambling. Personally I wouldn’t debate on that even if I think it is not but I tell people that even if it is gambling then it is a calculated gambling because the odds are in your favour if you do the right analysis unlike the other gambling

Trading if is done properly, will start with your analysis for your entry, your exit and assessment of risk and profit if you open a trading position. A responsible trader will open a trading position if analysis shows that chance to get profit is higher than risk of loss. But above all, that trader has a solid plan on his exit with two possible exits: one exit for profit, and another exit for a draw or small loss to take the initial capital back.

Defending initial capital is most important and if a trader can do this, it's truly trading. If a trader can not do this, it's gambling, and no longer as trading.

To be truly a trader, make sure of using Stop loss order or Stop limit order.

One of best weapons in trading. It's a stop loss order but there is another weapon in trading, stop limit order.
What is a stop limit order?