Are You Gambling or Trading? Think about this.

[Fried_Rice]

I don't mind a calculated gamble every now and then if it looks like a solid set up or a break out. As long as you use a tight stop loss and move it to at least break even when you are in the green, it can be fun and rewarding.

 

[BritneyHolden]

For me, when you gamble, you take actions based on your intuition, not on facts. There is a lack of knowledge. However, when you trade, you not only trade with facts, but also with a plan and a strategy.

 

[Resolve]

For me, when you gamble, you take actions based on your intuition, not on facts. There is a lack of knowledge. However, when you trade, you not only trade with facts, but also with a plan and a strategy.

Each trader will need to understand whether he is doing gambling or trading and the results of the both.

 

[Rendezvous]

Gambling is provoked by greed. When you trade seriously, you make decisions with careful analysis.

 

[Forextobe]

Gambling is essentially betting on an outcome with a proven mathematical edge in your favour so you have a negative expected value. The casino/bookmaker has the edge. In trading once you have a proven edge that occurs over 50% of the time with a 1:1 RR you are now trading with a positive EV. Once you practice this over and over the edge will make you profitable. However having said that you need to have risk management/take profit all factored in and mostly you have to follow the rules any deviation will affect the results. Hence why most traders fail as they don't have set out stop losses so probability can't take over as its a moving variable, they cut winners short once again affecting the probability and they use lot sizes too big to give the probabilities to play out

 

[ThePropertyist]

Impulse restrained is a step towards making a decent, less risky trade whether that's profitable or not; on the other hand, impulse left unchecked will lead you down the road to losses quickly

 

[e_abrams]

I agree. If one follows their impulses when trading, instead of a concrete plan, they're bound to fail.

 

[Lincoln James]

You could be gambling but never feel so. Thus, it is imperative to know the difference. Gambling forces you to think out of logic and take actions without any analysis. Provoked by greed or emotions, gamblers do not have a specific methodology to gain from the market contrary to what serious trading requires.

 

[Resolve]

You could be gambling but never feel so. Thus, it is imperative to know the difference. Gambling forces you to think out of logic and take actions without any analysis. Provoked by greed or emotions, gamblers do not have a specific methodology to gain from the market contrary to what serious trading requires.

With the help of Reliable trading system the income we are getting can also get increased.

 

[NicholasHennessy]

Trading requires proper analysis of the market. Whatever decisions you make are based on facts and proper analysis of data. However, gambling doesn’t require any methodology to perform trading. You are trading based on intuition in hope of making quick profits.

 

[Zack Williams]

You are gambling if you are not sure about what you are doing. You are gambling if you don’t understand what is happening in the market and still trade. You are gambling if you change your trading plan after you have entered the market.

 

[Resolve]

You are gambling if you are not sure about what you are doing. You are gambling if you don’t understand what is happening in the market and still trade. You are gambling if you change your trading plan after you have entered the market.

If we are doing gambling in our trades the income will stay low and also uncertain for us.

 

[Leonzio Necci]

You could be gambling even without knowing it. To avoid it, whatever actions you take in trading, ensure that there is proper analysis behind them.

 

[Takeshita Sakiko]

All new traders start as gamblers. They have no idea about the market movements. In order to know what it can be, they have to take risks even when they don’t understand what they are doing.

 

[Johhnyboy]

Trading is calculated risk do no more than 2% of equity or account size for me .
Gamblers generally dont employ strict money management

 

[Resolve]

Trading is calculated risk do no more than 2% of equity or account size for me .
Gamblers generally dont employ strict money management

Many times the traders are making the same mistakes and due to which the losses are more for them.

 

[Sinopia]

To avoid gambling, it is important to make decisions rationally by conducting a well calculated technical analysis.

 

[alzheimer]

Sometimes I gamble but I do it infrequently and use separate trading account for this.

 

[Maverick]

IMO spreadbetting the markets is educated gambling unlike roulette which is merely chance

 

[CallahanSinclair]

I often find that the line between trading and gambling can blur, as there are moments when I see it as a matter of chance, but I'm determined to continually learn and understand more about it.