Is there a difference between stock trading and gambling?

First, stocks are an investment, while gambling is just a consumption.

Whether buying lottery tickets or entering any gambling game, in fact, consumers just choose a kind of spiritual consumption and get the dream experience of bonuses and chips. Measuring the value of this kind of consumption has little to do with whether they win the lottery, because people who choose this kind of consumption will regard it as an accident, not winning the lottery.

Buying stocks is completely different. You should at least pay attention to what industry the company you buy belongs to, what it does, whether it makes a profit, whether it pays dividends and so on. Even if you are stupid, look for stocks that are easy for "fools" to see. This shows that buying stocks is not a consumption experience, but a more targeted "capital preservation and appreciation" demand.

Second, the profit models of casinos and stock exchanges are different.

The profits of casinos come from direct gambling with "gamblers", and most rules of casino games make participants' dividend expectations lower than 1 (casinos have an advantage over gamblers), so in the long run, only casino owners will win money, resulting in huge excess profits.

In order to attract "customers", many casinos even provide ultra-low-priced hotels, free catering, transportation, song and dance performances and other services, and they are open 24 hours a day to stimulate "gamblers' desire" and "impromptu consumption" with gorgeous decorations and "dark days". The ultimate goal of all kinds of marketing and design of casinos is to stimulate gamblers' infinite greed, desire and hedonism.

The stock exchange is a non-profit platform organization, and its operating expenses come from membership fees, seat fees and account opening fees. All institutional investors must pay a certain fee when using the facilities of the stock exchange, which is the guarantee to maintain the operation of the exchange.

The purpose of the exchange is not to stimulate investors' "trading sentiment" and stimulate greed and desire, but to give the market more rationality.

Even securities companies. , mainly by brokerage business, not by the loss of shareholders. Compared with the stock exchange, the interests of casinos and "gamblers" are often contradictory.

Third, gambling mainly depends on luck, and the stock market mainly depends on technology.

This is the most controversial point. Many people must think that gambling depends on technology and the stock market depends on luck. In fact, this is just a specious subjective feeling, which does not conform to objective logic.

Most gambling is equivalent to betting with chips. Winning or losing depends on the cards drawn or the dice rolled, and the time is beyond the control of the participants.

You can't wait years for a bet in a casino, but if you buy a stock, you can hold it for one day or five years.

In other words, in the casino, you have almost no room for manoeuvre, and there is almost no room for thinking before betting.

The stock market is more selective, whether it is a large number of listed companies or various fund products based on the stock market, it provides investors with more choices and more room for manoeuvre.

How to choose and treat a stock, investors have enough time to think, so they need to have their own judgment and knowledge level, which is an important point different from single and high-frequency gambling models.

If you only invest in the stock market once, you may really rely on luck, but if you want to invest in the stock market for a long time, you must rely on "technology."

Extended data

Stock trading rules

There are also certain regulations on the number of stocks to be bought and sold: that is, the number of stocks entrusted to buy must be an integer multiple of one hand (each hand 100 shares), but the number of stocks entrusted to sell must not be an integer multiple of 100 shares. The buying or selling price must be within 10% of yesterday's closing price.

Price priority and time priority are implemented in stock trading: during the continuous bidding period, because many investors may buy and sell the same stock at the same time, the exchange has formulated the principle of "price priority and time priority".

If the current price of a stock is 5.66 yuan, if investor A enters the purchase price of 5.66 yuan and investor B enters the purchase price of 5.67 yuan at the same time, investor B's declaration takes precedence over investor A's declaration ... If the purchase prices declared by everyone are the same, the transaction will be made first. The same is true for selling stocks. If the current price of a stock is 5.66 yuan, A enters the selling price of 5.66 yuan, and B also enters the selling price of 5.65 yuan, then B's declaration takes precedence over A's declaration.

If both parties enter the same selling price, then whoever declares first will make a deal first. This situation is more prominent when the share price of a stock suddenly rises sharply or suddenly falls sharply.

Resources Baidu Stock Exchange Encyclopedia