I don't really think there are folks who trade purely for the thrill, but I'm curious if any traders here see it that way.
When I say trading to gamble, I mean those who believe trading is just like gambling. They only risk money they can afford to lose and go in with the mindset that it’s all a loss to start with. They’re not stressing over it too much.
Personally, I treat trading differently. I only put a small portion of my earnings at stake, like 10% of my weekly income, but I’m looking to make a profit. With gambling, I don’t expect to win anything, but when I trade, it's all about the gains for me.
We are trading to make profit and not to appear as a gambler by taking risk to trade and afford to lose, this is not the right intention for us in trading, it is very possible that we trade with the intention that we wanted to make profit and later end up losing, but taking such risk does not make it gambling except we extremely go into trading that we don't know much about and often lose than we make profit from it each time we trade.
With the right skill and edge in trading, you can make a 7/10 win to loss(3losses). It's very possible. Something even lower can still make you profitable on a long term. The idea is to make sure your wins are bigger than your losses. Expecting profits from trading is a usually thing but you shouldn't force it because the market doesn't care what you think. All you have to do is take your trades and be patient enough to wait for the results or outcome. Gambling is different. There's a high tendency that you lose all your capital in a short period except you are good with risk management then it takes longer, but the profits are still not guaranteed..
As far as I know, people do not trade only for gambling. However, if some people trade on their own initiative for gambling or for the purpose of gambling, then it is a sign of their low intelligence. People trade to make profit and when people see that they have made some profit from trading, they try to invest more. They try to make more profit and trading is a good medium for many from which they can earn maximum profit.
Others may believe that trading is gambling, but most traders do not view it as gambling because they manage risk and do not want to lose all of their capital in one trade. They only risk 2%-5% of their capital on each trade, but they profit twice or more. It would only become gambling if you entered and exited the market at random and had no idea how to use the SL. I saw many people enter randomly and hold the position and pray, believing that without analysis, they can become rich overnight. That's totally a gamble. I already experienced that thing many times and got the whole capital liquidated. I've learned my lesson; I'm not doing that again. That's why I keep my risk tight since, as a trader, we seek profit, including knowledge about the market, like they said, "Treat trading as business." if you treat trading as gambling then your win and lose are based in luck not from your skill.
If you are trading like you are gambling, that means you don't see it as a career or side hustle but a mere source of fun or entertainment. That is from a responsible gambler's point of view.
But if you are trading like you earnestly gamble to earn a living, you don't just trade a limited amount, but you always go for leverage to achieve higher probability of winning a good amount. But I don't think going on leverage is the key.
If you can trade and master a combination of strict risk management, a tested strategy and emotional discipline, trading will turn into a successful and profitable one. But if you prioritize taking leverage and minimize taking risk management, your trade may profit but most of the time you will definitely lose a good amount of capital.
What if the someone make money from trading, added money but start to lose after adding more money to trade? Some people can be earning from trading but they have to be very careful because trading can make them lose at anytime. But with the right trading plan, they can make money but they should not be greedy at all. Some people that are winning before in trading start to lose money just because they added money, think they will make more money.
Traders can see trading not to be gambling, but I still like the idea that people should trade with the amount of money that they can afford to lose.
I don't think that using money that you can afford to lose neither a consideration of loss funds prior to taking your trade makes you trading to gamble or whatever term that can be coined around this notion. The only time I could consider myself or any other person trade to gamble is when you're entering a trade blindly. Doing no analysis, taking no risk management measures (not setting SL/TP), and so on. Ultimately it's always a good idea to use what we can afford to risk when trading as to prevent trading on emotions and tension.
Well, you basically risking your money and risking it in order to have more (profit) it's already a gambling. Honestly, anything involves you risking a money and hoping it to gain more or losing it is considerable as gambling and gambling is different type there's the sports betting, cards, slots, and trading and sometimes they call it futures or binary options. So no matter if you only use 10% or lower or you can afford it or not, it's technically a gambling already increasing your wallet money more than you can afford to lose isn't the only basis of gambling it would only just increase the risk but increase your reward.
The question can be asked from us either ways, if we gamble to trade or we are trading to gamble, it may sound funny but that's the actual truth and we have to define what we are in for, when you are trading, you are not a fool because you know what you are doing and how such could be profitable, trading for the benefits of gambling is not something bad once we know how to put things in order.
I do this trading what you can afford to lose because same with gambling, crypto trading incorporates risk too that intensify depending on token volatility you are trading.
Dedicating money only what I can afford to lose is always my objective due to my experience of multiple in past on trading altcoins and futures trading.
I knew how volatile crypto market so I always cautious when it comes to trading crypto. I only extend my budget when holding Bitcoin because I consider it already as long term investment.
Trading only becomes gambling if you are aware what you are doing, you are just predicting the market movement base on your guts and not base on your analysis, now there are people keep saying that trading is a gambling but compared with these gambling is only base on the luck in trading you are using your knowledge and skills to guess the outcome of the market, difference is you have a historical data compared to gambling, well depends on the games of course but nots a win or lose strategy, you can do cut losses and make a take profit whenever you want. When I was a newbie, I admit that during the bull run only I do trade but after get exhausted of consecutive losses I tried to find whats suitable to me which is currently a swing trader.
Easily said than done. As far, as I know about trading, I haven't seen anyone that has made profits in the long run from trading. I have only heard of it without any evidence to prove their claims. Trading is very risky and traders run at loss in the long run because you cannot always outsmart the price wave of bitcoin in the long run due to her volatile nature.
I see majority of traders as gamblers because of few make profits while, majority of them run at loss because they don't know what they're doing and only they depend on luck.
If I want to gamble, I will log into a casino or a bookie and do that but when I want to trade, I have a total feeling or mindset entirely from how I will feel if I was going to gamble. Trading and gambling is a risky financial activity that's why it's important that one must only venture into it with the amount they can afford to lose and not putting their entire income on it. I trade because I want to make profit, stay profitable and successful for a long time but I still I will want to invest with an amount that I can be able to handle in case my account gets liquidated.
I think those who gamble also want profit. Not everyone will easily think of gambling as buying pleasure. Perhaps the difference lies in our mindset towards trading and gambling.
Trading can be done more cautiously based on the trader's ability. Gambling is also better done with a well calculated budget, just like trading.
Both carry risks, and as someone who does both, what we can do is minimize the risk of loss as much as possible. Whether by setting budget limits or by managing trading and gambling time.
It's very simple, till you open your mind to a better view of trading rather than comparing it to gambling, you will not be able to spot good traders. I don't brag about trading, but if I'm to rate my trading skill it's outstanding. The fact is that no one needs to prove anything to anyone because people have this wrong mentality that trading is some kind of skill that once someone says they are traders, then they are supposed to have a certain luxurious lifestyle.
Trading is just like every other investment, on the long run you can be profitable but if you measure profitability on a short term then you are not ready to be consistent in trading. Nobody is perfect, losses is part of trading but how you balance your losses with your wins determines how much profits you will make on a long term..
A professional trader cannot see it as gambling because they have taken quite a long time to learn the necessary skills to trade professionally so they don't enter trade for fun or being carefree like in gambling, they are very focused. Anybody can be a gambler, they stake their money and wait for luck to determine whether they win or not but trading is deeper than that, it takes focus and monitoring the market patiently. Traders are profit oriented professionals and if you're not qualified to be in that league then you're a trading gambler who is just relying on luck to make profit. You can gamble for fun but you cannot trade for fun because it is a serious job.
I don't but many are probably doing it. Those who are doing futures without having an idea of what they do, they sure like to trade to gamble. They think that it's the fastest way to earn from this market but they don't know that it's mostly a gamble if they don't have a concrete plan and they don't have strategies to be applied with their trades. But for the usual traders, when they do it and with small amounts, they know that they're likely to lose and I think the principle is simply the same as gambling/trading what we can afford to lose.
Thats why we say emotions kicks in when traders start to win or lose. You see someone start adding more money or better still increasing position size because they started earning profit, this particular action depending on the emotion of the trader starts making the trader looks more like a gambler than a real trader because this action would easily cause the trader to panic and most especially not to follow his trading strategy again as he is more scared now to lose a larger amount than they started with. In trading you only make money by having good psychology.
While I will say that 7/10 wins in a trade is definitely a very hard one both possible and the type of traders that get this kind of wins are swing traders but for day traders is seriously not so common. In fact most traders actually do not have higher winning rate in trades but do you know that they are actually some that even with this low winning rate they are profit table in the long run, so trading profitability is not about the rate of winning traders but how profitable one is consistently.
I don't trade to gamble but whenever I trade I trade with the concept of useless money. In which we trade with the money we won't care about losing because that's what everyone has been suggesting everyone since the start. So does that make me a person who trade to gambler? I don't think so.
I don't trade to gamble but I have seen people on social media who trade to gamble they take huge leverages and their own capital is less than $100 or an amount that they don't care to lose. Their leverage makes their capital big and they take huge risk on the riskest assets possible. They sometimes win as well.
I will never trade to gamble but if sometimes trading is called gambling by traders that's because they failed to understand the market although understing market has never been easy but at least they could have tried and things would have much easier for them.