Purpose of the topic: for a simple clarity on what your thoughts are.
Key point: cash-out in gambling and stop lose/take profit in trading
Guys, there have been too many comparison between gambling and trading and some people says that gambling is totally different from trading while some people also think that they are both the same. Personally I believe that they have similarities in some things but they are completely different. That was my believe not until I saw a discussion comment that said that gambling is 100% the same as trading and while I argue that they are never the same, I even told them that there is no stop lose in gambling but it's there in trading. I was told that the cash-out feature in casinos is the same thing as stop lose in trading. I have been thinking about and I decided to bring it here. What do you have to say ?
Gambling is gambling and trading is trading, both are almost the same but different, it will be the same when thinking that trading can be done without skills and just hoping for luck.
Cashout in gambling is different from stoploss in trading, cashout is usually done by players who are satisfied or afraid of losing profits that have been seen, while stoploss is a feature for traders to avoid big losses because it is impossible to always pay attention to the market so this feature will prevent traders from losses when the market reverses direction and stoploss is set based on the loss ability that traders can bear, while cashout is not like that even cashout can benefit the casino when it turns out that cashout fails the player to achieve a big win.