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 the think that gets most people is that they don't realize there is such a large overlap when it comes to trading and gambling. The gambling portion in trading is the risking of the gambling and in gambling it really is all risky as well and so they are just so similar in that sense
Maybe their similarities are that we have the same amount of money at risk in both, what is always said is that we can always afford to lose, this is probably their similarity in this matter.
I'm just not sure if this is how they see the similarity between the two.
Because apart from this, I don't see anything else that they have in common, because trading is really a required study, whereas in gambling, even if you don't study,
there are chances that if you get lucky, you can win a jackpot or huge profit when we play gambling.