Cash out in gambling will prevent you from the lose. That will similar with stop loss in trading. If you can use both in trading and gambling, you will prevent the loss. But badly, most people are tempting to become greedy in gambling and trading so they are not use that feature because they expecting a big profit.
I do both gambling and trading and I can clearly tell you that the "stop lose" In trading is not same thing with "cash out" In sports betting. Stop lose is very good because it has precision but cash out don't have. You can set your precision in trading and once price hit there, you are off from the trade, but in betting you can not do the same. If you are not watching the game to know when to take the cash out, you will miss that opportunity. Cashout offers are not stable, it can appear for some minutes and the next minutes you won't see it again.
It is precisely because they do not have an exact stop in the game that many players do not feel the support under their feet and continue to play in situations where they should not. This is more about self-discipline, which players often do not want to pay attention to, because many do not want to take the game too seriously, because many of them even take it frivolously, sometimes win and are proud of it. This can also interfere and affect the player, especially when he loses and begins to prove in the game that he is not a loser with his money.
Over confidence and noy accepting defeat has made a lot of gamblers run into big losses. There is no need to get vex or allow your emotions to control you after a loss. See it as fun and get it off your mind and hope to gamble again next time. You can achieve this when you're not after making profits in gambling but just fun.
This is something that applies to both trading and Gambling, being too confident can be a huge problem for you...never believe too much in your strategies, always having a backup plan is very important...i have always had this mentally that any money thay goes into my bet account is lost whether I have placed my bet or not, so what I do is that I focus my mind on ways I can replace the money, not through gambling though...But if I end up winning it then I take it as a bonus.
Trading and gambling are different things but they kinda look similar actually, you can apply some sort of strategy and cashout on trading but gamble you need to be lucky before you can win. However the both also requires luck but sometime a good strategy can make you get profits from trading but it's not the same in gambling. Yes you are right, money that goes into a bet account shouldn't be expected to bring more money because it's not guarantee.
Confidence isnt bad specially when you are already that knowing on what are the things that you should gonna do in trading field, the only thing that makes it bad is on the time that you had put up yourself into a situation that you've been having that overconfidence on which you do make yourself that being blinded with that on which even if you are already doing something wrong, you do still believe that everything was still going as planned without even noticing that it is already compromising your finances on which this is that a very bad approach to have. Now in the talks about comparing trading to gambling then it will become one if you do make out trades without analysis on which this could be called gambling because trading is something on which you do need up that proper knowledge and skills for you to be able to have a good grasps on how this market works or behaves.
When doing up trading then you will be definitely be needing up that proper knowledge and skills for you to be able to have that kind advantage at the moment or time that you do made out some trades. We do know that on the moment that you do become having that acquiring knowledge and obtaining up skills then this is where you do established out yourself to become more better trader. This is something our main priority when it comes on dealing up with trading on which you will be needing up to make up that kind of skills on which it could make you sustain on dealing up with this volatile space. Trading just like on what i have said above that it will be turning out to be gambling when you arent that applying correct or right analysis. It will be just that too impossible that you cant be able to determine in between two when it comes into this aspect. We do know that on the moment that you've become a trader then its not that recommended that that you should act as a gambler.