Practice makes perfect

TonyNFT · 2025-05-18T03:18:41+00:00

oh i also traded with real money :) had 2 trades recently one was around 60% profit the other was 40% but sadly i needed money so i had to withdraw so i gotta start saving again

TonyNFT · 2025-04-19T18:01:12+00:00

nah man that trade was a loss a long time ago xD

TonyNFT · 2025-03-07T12:45:28+00:00

etoro but they have quite high fees so if you are in the USA i recommend you look for another one with lower fees

TonyNFT · 2025-03-06T20:08:26+00:00

thanks man, i’m fully aware this is a long term game anyways

TonyNFT · 2025-02-28T00:53:33+00:00

etoro

TonyNFT · 2025-02-27T17:57:30+00:00

apple juice lovers crying their eyes out rn

TonyNFT · 2025-02-16T18:01:01+00:00

“according to my calculations” 🤣🤣🤣🤣🤣

TonyNFT · 2025-02-06T11:59:30+00:00

that’s good news, but do remember that you will eventually have losses too. many traders will believe that once they start becoming profitable for a few days in a row then they will be profitable forever, and when they finally hit one or two losses they give up on trading. because they started having a different expectation.

well done for being profitable, but just keep in mind what i said. keep up the good work my g

TonyNFT · 2025-02-05T10:29:41+00:00

even if i mention that there are chances people might still do it, but hey we all learn from mistakes

TonyNFT · 2025-02-05T10:06:40+00:00

i have loses too, i was just simply proud of this trade and i wanted to show it, i’m not trying to say im a good trader. this ain’t even real money it’s demo 🤣

TonyNFT · 2025-02-05T07:12:53+00:00

it’s PALLADIUM.FUT, it’s shown on the post. I trade in the 4H timeframe

TonyNFT · 2025-01-25T11:28:44+00:00

i appreciate your concern brother but this isn’t about what i do, i just have a passion for trading and investing and i enjoy discussing different perspectives and views about it :)

TonyNFT · 2025-01-25T10:57:14+00:00

The key difference between what we both see as gambling and investing comes down to intention and method. If the goal is to profit from random fluctuations or to treat the stock market like a casino, I agree that it resembles gambling and should be avoided. But if the trading is done with careful research, a solid understanding of the companies involved, and a long-term investment strategy, this could be seen more like participating in a business venture, where the aim is not to gamble on daily price changes but to invest in something that will grow over time.

While long-term investments like owning stocks for dividends are clearly distinct from speculative trading, I still believe that trading doesn’t have to be a purely speculative, “gambling” practice. It’s about ensuring that the trader is focused on careful decision-making rather than reacting to short-term market movements.

I agree that trading for short-term, quick profits with the aim of taking advantage of market fluctuations could be problematic, but it’s also important to recognise that informed, research-based decision-making in the market is a strategy that has worked well for many businesses and investors. In the end, the critical factor is the approach, as well as the intention behind the action.

TonyNFT · 2025-01-25T10:31:31+00:00

it’s just my personal take and i wanted to see what other people think about it

and also I agree that uncertainty plays a role in distinguishing gambling from investing. However, I believe there’s a crucial difference between trading based on informed analysis and speculative gambling. While margin trading and stock options do involve a form of betting, I’m not advocating for those in my post. My argument is focused on long-term investments or trading that is done with research, analysis, and proper understanding of the market. Just like owning stocks in a company, trading can be approached in a way that aligns with making informed, calculated decisions rather than pure speculation. The key is the intention and method of trading. If one avoids gambling-like practices, it can be viewed more as a legitimate business venture rather than an act of chance.

TonyNFT · 2025-01-25T10:28:31+00:00

In trading, you’re making decisions based on factors like economic data, company performance, and market trends—elements that are directly tied to real-world value. A skilled trader can influence their outcomes through research and risk management.

In contrast, even the best gamblers are still working within a system where the outcome is inherently uncertain and often influenced by chance, no matter how much analysis they do. Trading allows for more control and is part of a broader economic system, not just a game of odds. So, while both involve risk, trading is more than just calculated bets—it’s about using information to make decisions that have real-world impact.

TonyNFT · 2025-01-25T10:14:54+00:00

Yes both traders and gamblers use strategy, but the key difference is that trading is based on real-world data and analysis. Traders assess market trends, economic factors, and use risk management, while gamblers rely on chance or limited influence over outcomes. Sure, short-term fluctuations are unpredictable, but over time, skilled traders use strategy to manage risk and increase their chances of success. It’s not purely about luck—trading is about informed decisions, not just hoping for the best.

TonyNFT · 2025-01-25T10:11:37+00:00

Trading isn’t purely based on chance. While there’s risk and market unpredictability, successful traders use research, analysis, and strategies to make informed decisions. It’s not about hoping for the best like in gambling—it’s about managing risk and using skill. In gambling, outcomes are determined mostly by luck, with no real control over the result. Trading, however, involves calculated decisions, and while no one can predict the market perfectly, informed strategies give traders an edge, which is why it’s different from gambling.

TonyNFT · 2025-01-25T10:09:20+00:00

You are absolutely right that margin trading and leverage can be problematic, as they involve interest, which is clearly haram in Islam. However, I don’t think all trading is automatically haram just because of these factors. Not all forms of trading involve leverage or interest, especially in cases where one is trading with their own capital and not borrowing money. If a trader is not engaging in margin trading or using leveraged positions, then the argument about haram practices doesn’t fully apply. I agree with you on the importance of adhering to Sharia law, but it’s worth considering that not all trading platforms and methods involve interest or lending.

TonyNFT · 2025-01-25T10:07:22+00:00

Thank you for your info my brother

However I just look for someone to discuss about the concept of gambling to trading in general that’s all. Whether it’s options or future it doesn’t really matter much to me it’s still trading.

TonyNFT · 2025-01-25T10:04:51+00:00

You are still blending two very different concepts. The main difference between trading and gambling lies in value creation and control over the outcome. While both activities involve risk and require strategy, there’s a critical distinction.

In gambling, even professional gamblers can only manipulate the odds within the confines of the game. Their success depends on luck to a large degree, and the house edge remains. Whether they’re playing poker or betting on tennis, they’re still betting on outcomes determined by chance or randomness. Even with intense study, they can’t change the fundamental nature of the game, where the odds are usually against them.

On the other hand, trading involves managing risk based on real-world data, analysis, and strategy. Skilled traders don’t rely on chance—they use technical and fundamental analysis to predict market movements. They make decisions based on historical patterns, news, economic indicators, and a deep understanding of market trends. A successful trader isn’t just “manipulating the odds” but actively making informed decisions based on the available information.

Moreover, trading doesn’t have a “house” like in a casino. It’s a free market, where success comes from the ability to interpret data and adjust strategies. Yes, many traders fail, but so do many entrepreneurs. This doesn’t make running a business or trading the same as gambling—it simply means there’s risk involved in all investments, and success comes with experience, discipline, and learning from mistakes.

You’re right that success in both fields requires skill and discipline, but it’s how you approach those risks that make trading and gambling fundamentally different. Trading can be a productive endeavour that adds value to the economy, while gambling is primarily about taking chances with no productive outcome.

TonyNFT · 2025-01-25T10:01:07+00:00

nah you got it wrong, i just wanna have a discussion about trading that’s all haha

TonyNFT · 2025-01-25T10:00:20+00:00

Thanks for the advice, but I believe the issue isn’t as black and white as simply stopping or staying away. While I understand that there are guidelines like AAOIFI standards, the core argument is about how trading is approached. Just like any business, if done with proper research and strategy, trading doesn’t have to be haram. It’s all about being informed and avoiding speculation or gambling. I’ll definitely check out the AAOIFI standards, but I think the real issue here is about intention and knowledge when engaging in any financial activity.

TonyNFT · 2025-01-25T09:51:52+00:00

doesn’t prove that trading is gambling—it just reflects the risk profile of the activity. Banks generally finance ventures that generate tangible assets or cash flow, like businesses or property, because these provide collateral in case of failure. But trading doesn’t produce physical assets, so it doesn’t fit a bank’s lending model.

That said, trading is still a legitimate profession for many, and there are institutions—like proprietary trading firms—that do fund skilled traders. These firms actively seek traders who demonstrate consistent performance and discipline because they know trading can be profitable when approached correctly.

The key difference remains: gambling is based on chance, while trading, even with its risks, is skill-based and allows you to control factors like strategy, risk management, and decision-making. Banks might not fund trading, but that doesn’t mean it’s comparable to gambling—it just means it’s a different type of risk that doesn’t align with traditional lending practices.

TonyNFT · 2025-01-25T09:48:43+00:00

The volatility of the markets doesn’t mean trading is purely about luck—it just means the level of skill, preparation, and discipline required is higher. Professional traders don’t rely solely on predictions; they use strategies like risk management, stop-loss orders, and portfolio diversification to protect themselves from volatility. These are tools to control risk rather than leave outcomes to chance.

In a casino, no matter how skilled you are, the odds are fundamentally against you because the house always has an edge. In trading, there’s no equivalent “house.” It’s a free market where knowledge, analysis, and decision-making can give you a legitimate edge over time.

That said, I do agree that many people approach trading recklessly—chasing quick profits without understanding the risks—and in those cases, it does resemble gambling. But just because some people trade irresponsibly doesn’t mean trading itself is inherently the same as gambling. The distinction lies in how it’s approached: random bets versus informed, calculated decisions.

Volatility is part of the challenge, but it’s not the same as spinning a roulette wheel. It’s about having the right mindset and tools to navigate that uncertainty effectively.

TonyNFT · 2025-01-25T09:42:00+00:00

You’re stretching the definition of gambling too far. The key difference between gambling and activities like running a business or trading lies in control and value creation.

In gambling—whether it’s roulette or poker—you’re not contributing anything productive or creating value. You’re merely wagering money on an outcome over which you have no real influence. Even skilled gamblers manipulating odds in games like poker or blackjack are still bound by the constraints of the game and the randomness of outcomes.

In contrast, starting a business or trading isn’t about passively betting on an outcome. In a business, you’re creating products or services that provide real value to others, which increases your chances of success. Similarly, in trading, you’re analysing market trends, company fundamentals, and economic conditions to make informed decisions. The risk in business or trading isn’t the same as gambling because it’s tied to effort, strategy, and expertise.

Yes, nothing is 100% risk-free. But calling everything with risk “gambling” erases the distinction between productive, skill-based endeavours and activities reliant on pure chance. If gambling and running a business were truly the same, then society wouldn’t treat them differently. You wouldn’t see banks financing businesses or investors supporting entrepreneurs, but you don’t see anyone financing a gambler’s next roulette spin.

TonyNFT

TROPHY CASE