Day trading and gambling has a little similarity most especially scalping. Most times traders wouldn't waste time with analysis the would just follow up a candle with the mind of making little profits and end up getting trapped.
Day traders are becoming too lazy with analysis and this is pushing them to some sort of gambling options while trading. Most times when I am in need of quick cash I fall victim to this in many occasions but always try hard not to get overwhelmed by the market some days I could be lucky other times it's a different story altogether
Topic: *Day Traders* are now calling gambling Addiction helplines!! - page 7. (Read 720 times)
I wonder if these apps are those bet up or down on the price for the next 30 seconds? It's kinda like dice to me, just that they embedded charts and the market movement into the mix and the odds are always 50/50. Anyway, I'm not surprised even if these 'trading' apps are not even involved. Some daytraders are really into trading that much that they are risking lots of money that they don't have thinking that their reads might hit the greens the next time around. It's that greed and that urge to win anything at all cost.
Is this really related or not, but personally what is said to be a kind of gamble from day trading is when they trade futures. So it is very appropriate if you look at the level of profit and loss you get.
At first glance they will be very different, but when juxtaposed both use the same pattern. I can't fully say that this is a 100% form of gambling, perhaps more precisely, there are similarities in features that bring day trading traders like on a platform that uses crypto trading but inside it doesn't seem much different from gambling activities.
If they did really feel the thrill that they are looking for like in gambling then it may be considered as gambling. There are many forms of gambling not just playing card games and many more as long as there is a situation where a person is willing to risk his money just to earn profit. I would say that it is a gambling type of activity but in different way. At first glance they will be very different, but when juxtaposed both use the same pattern. I can't fully say that this is a 100% form of gambling, perhaps more precisely, there are similarities in features that bring day trading traders like on a platform that uses crypto trading but inside it doesn't seem much different from gambling activities.
Agreed, and it has its own set of rules. Depending on your strategy, trading can also be a game of chance. When you first start trading, you'll often hear or read that you shouldn't treat it like gambling; you're simply casting trades without a proper strategy or knowledge, and you're relying solely on luck, which will cause you to lose money in the long run. You are correct; no matter what kind of game there is with money involved, it is still gambling. As long as you agree on the same rules to win the game, you are good.
To be frank, I visit exchanges where I am trading, minimum 50 times a day. So is it the indication of an addiction or being responsible in checking out my assets have got any profits to me? Have lots of questions. Recent ATH of Bitcoin and news spread about other crypto currencies growth, people started investing and eagerly looking out for their profits often a day? Is it due to more expectation or how this can be called?
Is this really related or not, but personally what is said to be a kind of gamble from day trading is when they trade futures. So it is very appropriate if you look at the level of profit and loss you get.
At first glance they will be very different, but when juxtaposed both use the same pattern. I can't fully say that this is a 100% form of gambling, perhaps more precisely, there are similarities in features that bring day trading traders like on a platform that uses crypto trading but inside it doesn't seem much different from gambling activities.
If they did really feel the thrill that they are looking for like in gambling then it may be considered as gambling. There are many forms of gambling not just playing card games and many more as long as there is a situation where a person is willing to risk his money just to earn profit. I would say that it is a gambling type of activity but in different way. At first glance they will be very different, but when juxtaposed both use the same pattern. I can't fully say that this is a 100% form of gambling, perhaps more precisely, there are similarities in features that bring day trading traders like on a platform that uses crypto trading but inside it doesn't seem much different from gambling activities.
Agreed, and it has its own set of rules. Depending on your strategy, trading can also be a game of chance. When you first start trading, you'll often hear or read that you shouldn't treat it like gambling; you're simply casting trades without a proper strategy or knowledge, and you're relying solely on luck, which will cause you to lose money in the long run. You are correct; no matter what kind of game there is with money involved, it is still gambling. As long as you agree on the same rules to win the game, you are good.
So it's just a matter of sensations being identified as having something in common when trading and when gambling. If conditions that emphasize trading feel like gambling, then there must be something at stake? if indeed it is now similar. How recently realized that I have been doing it for a long time. Could it be that this is just a deliberately linked speculation?
A really interesting article:
https://www.ft.com/content/8f9bbc77-06b1-4fbd-8b7e-6e381ba038a7
The gambling Addiction helplines are spread across the world and people are super aware of them as well. Right now apparently there is a news regarding people actually calling those helplines asking help for not their *gambling Addiction* but for their day trading addiction.
The article goes far to compare the gambling with day trading, the trading platforms according to the article are now much similar to gambling and therefore when they talk about investing and trading, now a days, the animation, the applications, the bright colours, extreme profit and addiction is making it much similar to gambling.
Apparently the apps are designed in such a way that they rewire a person's brain and makes it harder for them to leave that habit.
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?*
This is an interesting question and like most of the time to answer to this is it depends, there are many trading platforms that do not resemble a casino at all while there are others that show some similarities, however the most important thing is the attitude of the traders themselves, there are many day traders that are very professional and that are nowhere close to be your average gambler, however there are many day traders that do not really know what they're doing and they are taking decisions not based on facts but on their feelings and that kind of attitude puts them very close to your average gambler. https://www.ft.com/content/8f9bbc77-06b1-4fbd-8b7e-6e381ba038a7
The gambling Addiction helplines are spread across the world and people are super aware of them as well. Right now apparently there is a news regarding people actually calling those helplines asking help for not their *gambling Addiction* but for their day trading addiction.
The article goes far to compare the gambling with day trading, the trading platforms according to the article are now much similar to gambling and therefore when they talk about investing and trading, now a days, the animation, the applications, the bright colours, extreme profit and addiction is making it much similar to gambling.
Apparently the apps are designed in such a way that they rewire a person's brain and makes it harder for them to leave that habit.
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?*
Is this really related or not, but personally what is said to be a kind of gamble from day trading is when they trade futures. So it is very appropriate if you look at the level of profit and loss you get.
At first glance they will be very different, but when juxtaposed both use the same pattern. I can't fully say that this is a 100% form of gambling, perhaps more precisely, there are similarities in features that bring day trading traders like on a platform that uses crypto trading but inside it doesn't seem much different from gambling activities.
If they did really feel the thrill that they are looking for like in gambling then it may be considered as gambling. There are many forms of gambling not just playing card games and many more as long as there is a situation where a person is willing to risk his money just to earn profit. I would say that it is a gambling type of activity but in different way. At first glance they will be very different, but when juxtaposed both use the same pattern. I can't fully say that this is a 100% form of gambling, perhaps more precisely, there are similarities in features that bring day trading traders like on a platform that uses crypto trading but inside it doesn't seem much different from gambling activities.
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?*
Is this really related or not, but personally what is said to be a kind of gamble from day trading is when they trade futures. So it is very appropriate if you look at the level of profit and loss you get.
At first glance they will be very different, but when juxtaposed both use the same pattern. I can't fully say that this is a 100% form of gambling, perhaps more precisely, there are similarities in features that bring day trading traders like on a platform that uses crypto trading but inside it doesn't seem much different from gambling activities.
The part about gamification is indeed interesting, I remember one of the sportsbooks have their own leveling system that's rpg like where you need to gain items and weapons in order to gain some bonuses on your winnings.
I think it's somewhat close since there are gambling sites that offers similar experience to trading and from my perspective I think of it as like arbing where timing is crucial. Then again it's not surprising that only a few are capable of making money from day trading since there are people that will come out on top and vice versa.
I think it's somewhat close since there are gambling sites that offers similar experience to trading and from my perspective I think of it as like arbing where timing is crucial. Then again it's not surprising that only a few are capable of making money from day trading since there are people that will come out on top and vice versa.
That's just wonderful, they're addicted now and they don't know where to go so they get to the one that's being compared to their trade which is gambling. It's a pretty wholesome thinking that this is their decision, to go to a gambling helpline.
The article says because of the broker apps that has game-like features, I wonder which one they are referring to but it was back in the days already when we see exchange have their own dice games too like yobit.
If the trader experience the same thrill as gambling like how they feel on horse race betting I guess the association of it made the trader think he is gambling.
To me, trading and gambling is very different because of the chart I'm analysing.
If the trader experience the same thrill as gambling like how they feel on horse race betting I guess the association of it made the trader think he is gambling.
To me, trading and gambling is very different because of the chart I'm analysing.
A really interesting article:
https://www.ft.com/content/8f9bbc77-06b1-4fbd-8b7e-6e381ba038a7
The gambling Addiction helplines are spread across the world and people are super aware of them as well. Right now apparently there is a news regarding people actually calling those helplines asking help for not their *gambling Addiction* but for their day trading addiction.
The article goes far to compare the gambling with day trading, the trading platforms according to the article are now much similar to gambling and therefore when they talk about investing and trading, now a days, the animation, the applications, the bright colours, extreme profit and addiction is making it much similar to gambling.
Apparently the apps are designed in such a way that they rewire a person's brain and makes it harder for them to leave that habit.
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?*
https://www.ft.com/content/8f9bbc77-06b1-4fbd-8b7e-6e381ba038a7
The gambling Addiction helplines are spread across the world and people are super aware of them as well. Right now apparently there is a news regarding people actually calling those helplines asking help for not their *gambling Addiction* but for their day trading addiction.
The article goes far to compare the gambling with day trading, the trading platforms according to the article are now much similar to gambling and therefore when they talk about investing and trading, now a days, the animation, the applications, the bright colours, extreme profit and addiction is making it much similar to gambling.
Apparently the apps are designed in such a way that they rewire a person's brain and makes it harder for them to leave that habit.
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?*
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