Topic: *Day Traders* are now calling gambling Addiction helplines!! (Read 679 times)
And what's surprising here, I'll tell you more, remember there were slot machines before, so they all switched to such platforms under the cryptocurrency, such people have no goal to make money, they have excitement and they get some kind of pleasure from it, where there are risks of losing everything and where there is excitement, there will always be people of chance ...
November 05, 2021, 02:38:48 AM
one thing is very important that when peoples start this trading professionally they have done their own strategies for long term because they have all things in their hand, and they understand how to manage but in gambling it's never been works you can't go with strategies mostly it's happen through luck and this can break you any time without any serious trouble.
I don’t see how trading and gambling are the same with each other. They are both totally different, because when it comes to trading you’re required to do analysis and through this analysis you’re able to predict what the market would turn out to be, although I do understand that analysis doesn’t really give you hundred of what the market would be, but at least you’re able to tell that the market will likely go a particular direction due to one thing or the other that would happen. Finally I would like to add that there can always be an addiction for anything, even in day trading there can be an addiction and since there are risks involved, you’re taking risks by being addicted to it, because you will be losing money all the time. So addiction is always bad and should be avoided.
November 05, 2021, 02:08:57 AM
My question is : *How far is day trading from Gambling according to you?*
Is that a valid comparison?? Are we soon going to consider the day trading *gambling?*
There's a valid comparison if you are gambling based on your skills. Is that a valid comparison?? Are we soon going to consider the day trading *gambling?*
Problem is, the majority of the gamblers do not use their skills, they tend to rely on their luck more and they are undisciplined, so you can really expect that problem will occur over time which is what creates an addiction. Day trading is different, before you enter into day trading, you already understand the risk and your chances, you don't play the game by just doing some random choices, you choose your strategy based on the information you gathered and the experience your earn.
November 04, 2021, 04:18:02 PM
Day traders are very addicted once we really know how to trade daily and earn much money from it.
But, I am sure that it is different from gambling addiction.
That may be some addiction but it is exactly different from gambling addiction.
Gambling addiction commonly will not really pay attention to how they play, they only want to lay gambling.
But daily trade is different. They focus on their trades, doing always research and also analysis to the market, always focus on market analysis in order to get and earn profits always, doing trading again and getting profits again.
But, if we cannot control it and we don't know enough how to do with the trading, it may be like gambling addiction
Addiction in trading is somewhat much preferable compared when you do get addicted with gambling or with other vices but doesnt mean that you shouldnt really be that prepared on how to handle them up because everything which is excessive would be always bad and you should really be keen with these But, I am sure that it is different from gambling addiction.
That may be some addiction but it is exactly different from gambling addiction.
Gambling addiction commonly will not really pay attention to how they play, they only want to lay gambling.
But daily trade is different. They focus on their trades, doing always research and also analysis to the market, always focus on market analysis in order to get and earn profits always, doing trading again and getting profits again.
But, if we cannot control it and we don't know enough how to do with the trading, it may be like gambling addiction
kind of situations.Addiction is something talks about being excessive but of course if we do talk in trading then it is somewhat a beneficial kind of
act because the more experience you do get from trading the more better you would be.
Day traders are very addicted once we really know how to trade daily and earn much money from it.
But, I am sure that it is different from gambling addiction.
That may be some addiction but it is exactly different from gambling addiction.
Gambling addiction commonly will not really pay attention to how they play, they only want to lay gambling.
But daily trade is different. They focus on their trades, doing always research and also analysis to the market, always focus on market analysis in order to get and earn profits always, doing trading again and getting profits again.
But, if we cannot control it and we don't know enough how to do with the trading, it may be like gambling addiction
Addiction in trading is somewhat much preferable compared when you do get addicted with gambling or with other vices but doesnt mean that you shouldnt really be that prepared on how to handle them up because everything which is excessive would be always bad and you should really be keen with these But, I am sure that it is different from gambling addiction.
That may be some addiction but it is exactly different from gambling addiction.
Gambling addiction commonly will not really pay attention to how they play, they only want to lay gambling.
But daily trade is different. They focus on their trades, doing always research and also analysis to the market, always focus on market analysis in order to get and earn profits always, doing trading again and getting profits again.
But, if we cannot control it and we don't know enough how to do with the trading, it may be like gambling addiction
kind of situations.Addiction is something talks about being excessive but of course if we do talk in trading then it is somewhat a beneficial kind of
act because the more experience you do get from trading the more better you would be.
Day traders are very addicted once we really know how to trade daily and earn much money from it.
But, I am sure that it is different from gambling addiction.
That may be some addiction but it is exactly different from gambling addiction.
Gambling addiction commonly will not really pay attention to how they play, they only want to lay gambling.
But daily trade is different. They focus on their trades, doing always research and also analysis to the market, always focus on market analysis in order to get and earn profits always, doing trading again and getting profits again.
But, if we cannot control it and we don't know enough how to do with the trading, it may be like gambling addiction
But, I am sure that it is different from gambling addiction.
That may be some addiction but it is exactly different from gambling addiction.
Gambling addiction commonly will not really pay attention to how they play, they only want to lay gambling.
But daily trade is different. They focus on their trades, doing always research and also analysis to the market, always focus on market analysis in order to get and earn profits always, doing trading again and getting profits again.
But, if we cannot control it and we don't know enough how to do with the trading, it may be like gambling addiction
Yes! It is right that day trading is just like gambling habit. Traders that like to earn money from short term trades and exit the market they prefer day trading then the long term holding. Because in this way, traders earn small profits with low risk factor. And some peoples do trading regularly to make profit. And their routine looks like a gambling.
But traders have their own choice.
Those that are calling those gambling addiction helplines have to be the ones that are losing their money, after all if you are a day trader and you are winning then why do you need any help? The only way it could make sense is if the person is always staring at their screen to see if they can catch a profitable trade, but this could be easily solved with a bot, the ones that are calling are obviously the ones that are trading and are losing a fortune in the markets, and this is because they are trading in the same way they gamble and that is a mistake.But traders have their own choice.
Addiction in trading and addiction in gambling is different because on trading you've been dealing on thing which could possibly give out profits if you done it right and also you could apply analysis into it
not like with gambling where you do make out bets and dealing with leisure and not an investment and thats the main difference.
I have to agree that using bots in trading is not effective all the time. It could be just an alternative to working on us in behalf of our absence but above all of the strategies and decision making still, it relies on us (humans).
And in regards to addiction, I don't think that really it happens in trading, unlike in gambling. Maybe we can say trading is like gambling due to the nature of the market but that is the only comparison they have, it all has differences and results. We can make a good living in trading, a far different from what we got from gambling.
Trading bots are basically us, that's what people do not understand. It is us that trades for us 7/24 non-stop. However great you are, will be how your bot is, if you are bad then it will be bad as well. I personally try to not look at it that way, I try to look at it like it is something that is like my arm, or my leg, like an extension of myself. That way I end up with trading bots that are never failing to do expected stuff.And in regards to addiction, I don't think that really it happens in trading, unlike in gambling. Maybe we can say trading is like gambling due to the nature of the market but that is the only comparison they have, it all has differences and results. We can make a good living in trading, a far different from what we got from gambling.
I tell it to do something and it does that, which means I wanted to do something and it happened, I was just not there while it happened. If you do that with VPS then you do not even have to check it constantly, it will be there working on its own and that's a great feeling.
snipped...
Those that are calling those gambling addiction helplines have to be the ones that are losing their money, after all if you are a day trader and you are winning then why do you need any help? The only way it could make sense is if the person is always staring at their screen to see if they can catch a profitable trade, but this could be easily solved with a bot, the ones that are calling are obviously the ones that are trading and are losing a fortune in the markets, and this is because they are trading in the same way they gamble and that is a mistake.Addiction in trading and addiction in gambling is different because on trading you've been dealing on thing which could possibly give out profits if you done it right and also you could apply analysis into it
not like with gambling where you do make out bets and dealing with leisure and not an investment and thats the main difference.
And in regards to addiction, I don't think that really it happens in trading, unlike in gambling. Maybe we can say trading is like gambling due to the nature of the market but that is the only comparison they have, it all has differences and results. We can make a good living in trading, a far different from what we got from gambling.
Yes! It is right that day trading is just like gambling habit. Traders that like to earn money from short term trades and exit the market they prefer day trading then the long term holding. Because in this way, traders earn small profits with low risk factor. And some peoples do trading regularly to make profit. And their routine looks like a gambling.
But traders have their own choice.
Those that are calling those gambling addiction helplines have to be the ones that are losing their money, after all if you are a day trader and you are winning then why do you need any help? The only way it could make sense is if the person is always staring at their screen to see if they can catch a profitable trade, but this could be easily solved with a bot, the ones that are calling are obviously the ones that are trading and are losing a fortune in the markets, and this is because they are trading in the same way they gamble and that is a mistake.But traders have their own choice.
Addiction in trading and addiction in gambling is different because on trading you've been dealing on thing which could possibly give out profits if you done it right and also you could apply analysis into it
not like with gambling where you do make out bets and dealing with leisure and not an investment and thats the main difference.
Yes! It is right that day trading is just like gambling habit. Traders that like to earn money from short term trades and exit the market they prefer day trading then the long term holding. Because in this way, traders earn small profits with low risk factor. And some peoples do trading regularly to make profit. And their routine looks like a gambling.
But traders have their own choice.
Those that are calling those gambling addiction helplines have to be the ones that are losing their money, after all if you are a day trader and you are winning then why do you need any help? The only way it could make sense is if the person is always staring at their screen to see if they can catch a profitable trade, but this could be easily solved with a bot, the ones that are calling are obviously the ones that are trading and are losing a fortune in the markets, and this is because they are trading in the same way they gamble and that is a mistake. But traders have their own choice.
Yes! It is right that day trading is just like gambling habit. Traders that like to earn money from short term trades and exit the market they prefer day trading then the long term holding. Because in this way, traders earn small profits with low risk factor. And some peoples do trading regularly to make profit. And their routine looks like a gambling.
But traders have their own choice.
But traders have their own choice.
~
If you are not aware of this, then I am sorry to break it to you 
But you are guaranteed to lose all of your money depending on how long you play. That is literally what the house edge is there for. The difference is that you could start with 1 dollar, turn it into a million dollars and then quit, that would mean that you turned 1 dollar into 1 million dollars and got out. This is possible, and you can do that, BUT if you turn 1 dollars into 1 million dollars and then keep gambling then you will end up losing it all as well.There is zero possibility that you could keep on gambling forever and not lose your money, it is mathematically impossible. ~
There is zero possibility that a construction, whether it's a bridge or a building, will last forever. Maybe some people would disagree with this, but not me.
There's zero possibility that the Earth will last forever, and the Sun too. But how's this information can be helpful in our everyday lives? Not much. What's helpful is some info about probability of losing everything during our lifetime(with gambling), or several lifespans, with bridge or building. And if you are saying that a gambler is guaranteed to lose all of his/her money eventually, if they gamble repeatedly, within their lifetime, then I strongly disagree with you.
Guys, these stories are very similar to something like this: "I rolled 99.99 on a dice site the other day, but I bet with $0.001 only, and won 10 bucks. If I'd bet $30, which were on my balance at the time, I'd win almost $300k!"
See? That's why they say crytpo trading is very similar to gambling, and that's why some day traders are now calling those helplines. Be careful.
I would say that it is a lot similar than different, but it is not exactly the same neither. When you are gambling the house edge GUARANTEES that you are going to lose all of your money, it is literally guaranteed that the more you gamble the more you will lose and that is exactly why casino business is a great business because there is a guarantee that your casino will make a profit in the long term. Sure there are gamblers who win like that sometimes, but do you know what happens to those people in the end? They lose all of that money as well. I have seen someone who turned 300k into 6.5 million dollars in a few days and then lose that 300k and then another 300k on top of that in the long run.See? That's why they say crytpo trading is very similar to gambling, and that's why some day traders are now calling those helplines. Be careful.
Nope, that's not guaranteed, and if it were, no one would play in casinos, neither in land-based nor in online ones.
The only thing that is guaranteed, provided that many millions bets made, is that all the players altogether will lose something around the house edge to casino. That's how casinos stay afloat, not because they rip off all their customers of all their money.
But you are guaranteed to lose all of your money depending on how long you play. That is literally what the house edge is there for. The difference is that you could start with 1 dollar, turn it into a million dollars and then quit, that would mean that you turned 1 dollar into 1 million dollars and got out. This is possible, and you can do that, BUT if you turn 1 dollars into 1 million dollars and then keep gambling then you will end up losing it all as well.There is zero possibility that you could keep on gambling forever and not lose your money, it is mathematically impossible. Yes it is correct that the "average" is the house edge, but the reason for that is the fact that eventually even the winners end up losing all their wins one day. The only way to profit is to get out before you start losing.
that we would really be having those thoughts that we might win even more if we do tend to bet up more which most likely the case where people do end up on giving back those winnings
in the casino and this is where you do start on taking up some blames whether you do say that the casino was rigged or simply you cant just resist.
Day trading as an addiction? I do much prefer on this kind of addiction rather than sticking with gambling.
Guys, these stories are very similar to something like this: "I rolled 99.99 on a dice site the other day, but I bet with $0.001 only, and won 10 bucks. If I'd bet $30, which were on my balance at the time, I'd win almost $300k!"
See? That's why they say crytpo trading is very similar to gambling, and that's why some day traders are now calling those helplines. Be careful.
I would say that it is a lot similar than different, but it is not exactly the same neither. When you are gambling the house edge GUARANTEES that you are going to lose all of your money, it is literally guaranteed that the more you gamble the more you will lose and that is exactly why casino business is a great business because there is a guarantee that your casino will make a profit in the long term. Sure there are gamblers who win like that sometimes, but do you know what happens to those people in the end? They lose all of that money as well. I have seen someone who turned 300k into 6.5 million dollars in a few days and then lose that 300k and then another 300k on top of that in the long run.See? That's why they say crytpo trading is very similar to gambling, and that's why some day traders are now calling those helplines. Be careful.
Nope, that's not guaranteed, and if it were, no one would play in casinos, neither in land-based nor in online ones.
The only thing that is guaranteed, provided that many millions bets made, is that all the players altogether will lose something around the house edge to casino. That's how casinos stay afloat, not because they rip off all their customers of all their money.
But you are guaranteed to lose all of your money depending on how long you play. That is literally what the house edge is there for. The difference is that you could start with 1 dollar, turn it into a million dollars and then quit, that would mean that you turned 1 dollar into 1 million dollars and got out. This is possible, and you can do that, BUT if you turn 1 dollars into 1 million dollars and then keep gambling then you will end up losing it all as well.There is zero possibility that you could keep on gambling forever and not lose your money, it is mathematically impossible. Yes it is correct that the "average" is the house edge, but the reason for that is the fact that eventually even the winners end up losing all their wins one day. The only way to profit is to get out before you start losing.
Guys, these stories are very similar to something like this: "I rolled 99.99 on a dice site the other day, but I bet with $0.001 only, and won 10 bucks. If I'd bet $30, which were on my balance at the time, I'd win almost $300k!"
See? That's why they say crytpo trading is very similar to gambling, and that's why some day traders are now calling those helplines. Be careful.
I would say that it is a lot similar than different, but it is not exactly the same neither. When you are gambling the house edge GUARANTEES that you are going to lose all of your money, it is literally guaranteed that the more you gamble the more you will lose and that is exactly why casino business is a great business because there is a guarantee that your casino will make a profit in the long term. Sure there are gamblers who win like that sometimes, but do you know what happens to those people in the end? They lose all of that money as well. I have seen someone who turned 300k into 6.5 million dollars in a few days and then lose that 300k and then another 300k on top of that in the long run.See? That's why they say crytpo trading is very similar to gambling, and that's why some day traders are now calling those helplines. Be careful.
Nope, that's not guaranteed, and if it were, no one would play in casinos, neither in land-based nor in online ones.
The only thing that is guaranteed, provided that many millions bets made, is that all the players altogether will lose something around the house edge to casino. That's how casinos stay afloat, not because they rip off all their customers of all their money.
~
The trading world is not like that and I would say that there is a good chance you could keep on making a profit for the long term and that is the great thing about trading, there is no guarantee to win but there is no guarantee to lose either.
The trading world is not like that and I would say that there is a good chance you could keep on making a profit for the long term and that is the great thing about trading, there is no guarantee to win but there is no guarantee to lose either.
Trading is not purely luck based, that's what I agree with. But there are partially skill-based games too.
Guys, these stories are very similar to something like this: "I rolled 99.99 on a dice site the other day, but I bet with $0.001 only, and won 10 bucks. If I'd bet $30, which were on my balance at the time, I'd win almost $300k!"
See? That's why they say crytpo trading is very similar to gambling, and that's why some day traders are now calling those helplines. Be careful.
I would say that it is a lot similar than different, but it is not exactly the same neither. When you are gambling the house edge GUARANTEES that you are going to lose all of your money, it is literally guaranteed that the more you gamble the more you will lose and that is exactly why casino business is a great business because there is a guarantee that your casino will make a profit in the long term. Sure there are gamblers who win like that sometimes, but do you know what happens to those people in the end? They lose all of that money as well. I have seen someone who turned 300k into 6.5 million dollars in a few days and then lose that 300k and then another 300k on top of that in the long run.See? That's why they say crytpo trading is very similar to gambling, and that's why some day traders are now calling those helplines. Be careful.
The trading world is not like that and I would say that there is a good chance you could keep on making a profit for the long term and that is the great thing about trading, there is no guarantee to win but there is no guarantee to lose either.
~
I would not mind actually, but maybe I can see it that the bad habits are like something that they would not love to be called at or be called down for. Good thing I did not addicted to gambling at all nor the day trading, judging my first day in Binance while scraping up tutorials from Youtube. 
--snip--
(I have wasted more than $10k in commodity market by 2007 to 2009 and if I would have bought bitcoin for some 10% of that money then I would have been a billionaire right now; only a time machine might solve all these frustrations).
(I have wasted more than $10k in commodity market by 2007 to 2009 and if I would have bought bitcoin for some 10% of that money then I would have been a billionaire right now; only a time machine might solve all these frustrations).
Even I was asked to put in the exact amount you're talking about, i.e.; $1k (INR 50k at that time). During 2011, I was asked by a friend who wanted to sell his 10k BTC at just INR 5 per BTC (which is roughly $0.1). But my dad thought that this is a scam, ponzi and whatnot and he denied while I tried my level best to make him believe in this. No matter what we do, we will always have something to regret about, and even in trading, if we would have longed BTC at $3500 in futures at even 10x leverage with just $1k, we would have made a fortune after BTC making an ATH of $65 grand.
Guys, these stories are very similar to something like this: "I rolled 99.99 on a dice site the other day, but I bet with $0.001 only, and won 10 bucks. If I'd bet $30, which were on my balance at the time, I'd win almost $300k!"
See? That's why they say crytpo trading is very similar to gambling, and that's why some day traders are now calling those helplines. Be careful.
--snip--
(I have wasted more than $10k in commodity market by 2007 to 2009 and if I would have bought bitcoin for some 10% of that money then I would have been a billionaire right now; only a time machine might solve all these frustrations).
(I have wasted more than $10k in commodity market by 2007 to 2009 and if I would have bought bitcoin for some 10% of that money then I would have been a billionaire right now; only a time machine might solve all these frustrations).
Even I was asked to put in the exact amount you're talking about, i.e.; $1k (INR 50k at that time). During 2011, I was asked by a friend who wanted to sell his 10k BTC at just INR 5 per BTC (which is roughly $0.1). But my dad thought that this is a scam, ponzi and whatnot and he denied while I tried my level best to make him believe in this. No matter what we do, we will always have something to regret about, and even in trading, if we would have longed BTC at $3500 in futures at even 10x leverage with just $1k, we would have made a fortune after BTC making an ATH of $65 grand.
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