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 ?
I think there is a lot of difference between gambling and trading and it is completely different. Because if I say in terms of gambling then gambling is a game where you have to rely on luck. If we lose money while gambling then we try to hope for the profit of the next bet if it is based on luck. But although we play it with joy, after we lose money we gradually become more addicted to it, as a result we are afraid of losing all our assets. In terms of trading it is completely different. If we want to invest in a currency then we invest there without analyzing it well and relying on what the future may be. A professional investor will never support gambling. Trading depends completely on himself, his knowledge or his own strategy. So I would say that trading and gambling are never the same, they are completely different.
On this case its seems Gambling on with the luck of the player and traders are base on the skills and knowledge of the trader they have both the risk so its up to you where are you willing to take the risk the high risk return or a trading that requires a skills, basically I'm doing the same thing and for me its effective to make a trade in a daily basis, and then make a gambling once I got extra income in my trades so those funds for gambling are the one can be use for entertainment because its just an extra funds can be use.