Yes, they are different, and they also share a similarity of being risky, and not to forget, before you can really be able to minimize risks and achieve considerable profit in trading, a good skill and experience in it should be achieved, else your losses would be great
There was a research I read in the past, some people have the experience but they are not disciplined enough but go against their strategies and continue to lose while trading. In the research, some people have been trading for 5 years but later stopped trading. Some people got married and stopped it because of their past experiences about it and they want to become a responsible husband and father. Some people will try their best but continue to lose.
It is very important for people to have a percentage they should use for trading and they should truly be able to afford to lose th money. There will be good days, bad days but emotions and panic will reduce.
I choose 1%. But I can go up to 10% if it is bitcoin.