Are You Gambling or Trading? Think about this.

Fried_Rice

Active Trader
Aug 30, 2021
260
27
34
50
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

Newbie
Mar 28, 2022
27
2
4
27
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

Master Trader
Dec 7, 2013
1,598
10
74
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.
 

Forextobe

Newbie
Feb 9, 2022
10
3
4
34
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
 
Apr 24, 2022
1
0
6
42
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

Active Trader
Dec 11, 2020
451
31
39
41
I agree. If one follows their impulses when trading, instead of a concrete plan, they're bound to fail.
 

Lincoln James

Banned
Apr 26, 2022
9
0
1
25
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

Master Trader
Dec 7, 2013
1,598
10
74
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.
 
Apr 21, 2022
9
1
3
30
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

Banned
Apr 26, 2022
3
0
0
25
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

Master Trader
Dec 7, 2013
1,598
10
74
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.
 
May 23, 2022
2
0
1
24
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

Newbie
May 26, 2022
24
0
1
46
Trading is calculated risk do no more than 2% of equity or account size for me .
Gamblers generally dont employ strict money management
 

Resolve

Master Trader
Dec 7, 2013
1,598
10
74
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

Banned
Jun 6, 2022
2
0
1
33
To avoid gambling, it is important to make decisions rationally by conducting a well calculated technical analysis.
 

CallahanSinclair

Active Trader
May 13, 2023
124
16
34
40
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.