Flip or Trade? What’s The Bigger Gamble? - page 11.

pawanjain

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Quote from: fingnome on September 25, 2023, 03:43:05 AM

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Day tricking cannot be directly said as a gamble. There are people who do perform their analysis and set their targets.
It's more of a prediction game than a straight up gamble. The bigger gamble would definitely be trading.
There are lots of people involved in it and the amount accumulates in millions when trading.
As for the coin flip, I don't think a lot of people are doing that.

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Quote from: uneng on September 27, 2023, 11:18:36 AM

You could compare such trading statistics to statistics from teams and players in sports betting, which is also a form of gambling. Sports gamblers also claim results aren't random and that it's possible to make progress on long term. Daily trading seems similar to that or even more random than sports betting. After all, you have to be lucky to place the right order at the right time in crypto market, considering you are a small fish without influence on it, against whales who move prices upside and downside as they wish.

It's compulsory to gain proper knowledge about what we derived pleasure in doing. Luck is primary needed and important in the system, I doubt if any gambler can be successful without the presence of luck on his or her side. We're bound to make mistakes in the system because we have no clue about the next movement of the market and games, we only have solidable ideas of what could happen, more reasons we predict on games and make analysis concerning the market, either bull or bear season. Flipping and trading are similar depending on how the gambler or trader keen on viewing it.

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Quote from: Hispo on September 25, 2023, 12:12:20 PM

Quote from: uneng on September 25, 2023, 12:07:15 PM

Quote from: fingnome on September 25, 2023, 03:43:05 AM

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Yes, it's totally gambling. The market is unpredictable and everyone is repeating it all around the forum and internet, still they claim to be possible to turn daily trading into a solid activity for a living. For me it sounds extremely contradictory! If we can't say accurately if BTC will be cheaper or more expensive by the end of the day, how can we say statistics and analyzes make difference on daily trading's results? It's totally random...

Only long term trading works in crypto market, if you pick the right coins and have patience to wait for long periods of time.

I disagree, though.
Even if seems to be random at times, there are rules which the market is supposed to follow and that is the reason why people pay attention to metrics like volume, averages and try to identify patterns.

It is not a secret that the biggest players within a specific market have more power over it, to change the prices and even mess with the sentiment of other investors. On the other hand, in gambling no one is supposed to have influence over the result, it is supposed to be random.

In the market, the actions of some players can discontinue the randomness.

You could compare such trading statistics to statistics from teams and players in sports betting, which is also a form of gambling. Sports gamblers also claim results aren't random and that it's possible to make progress on long term. Daily trading seems similar to that or even more random than sports betting. After all, you have to be lucky to place the right order at the right time in crypto market, considering you are a small fish without influence on it, against whales who move prices upside and downside as they wish.

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Quote from: Hirose UK on September 25, 2023, 03:56:05 AM

In my opinion I would not consider daily trading to be like betting because in daily trading we can determine any time and take a more dominant profit depending on the target we have.

That despite, you can lose all that profit at once just like in gambling and that is why trading is compared to gambling. Not everyone can do trading and I believe majority prefer to gamble than to trade because it has high risk tendency.

Quote from: Hirose UK on September 25, 2023, 03:56:05 AM

Obviously trading has a level of certainty that we can see and all profits depend on the amount of capital and what selling price we decide.

I think the amount of capital will not be what determine the profit in trading but that will be the risk you take and that is why they say trading is a very risky business. If you don't know how to minimize loses for higher maximize profit that means you will keep recording greater loses and lower profit and soon you will be out of capital but capital is not all that can determine the profit but if you will manage your risk.

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Quote from: Japinat on September 27, 2023, 04:06:19 AM

Quote from: fingnome on September 25, 2023, 03:43:05 AM

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Coin flipping seems more like gambling to me. The reason we are interested in gambling isn't just because we feel lucky, but, most importantly, because we believe we have the skills. We can't apply those skills in gambling if it's a simple coin flip; it should involve only skill-based games like poker or sports betting. Additionally, day trading is not easy; it can be quite complicated for some. However, at least there's a good chance of improving our skills.

Coin flipping is gambling, you cannot call this for trade because when you look at how it's been played, you will discover that it only involves the use of money to gamble on the winning or loosing ground, trade is notnthat risky as found in gambling because you are investing on a currency unlike gambling where you only make use of the fund you have to bet, a day trading being similar in risk to that of gambling is not a process of arriving at the conclusion that they are all the same.

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Quote from: BitDane on September 25, 2023, 04:19:51 PM

Quote from: coolcoinz on September 25, 2023, 02:58:32 PM

I don't like day trading to be honest, so I'd choose to flip a coin. If you're a swing trader, that's a bit different, long-term traders who hold an asset for a year or longer are also a different breed.

It's hard to choose since you're not giving us more details about the type of trader that you are, but when I read predictions by some people who constantly get everything wrong when it comes to bitcoin, I start to believe in coin flips more and more Cheesy

Prediction are often made with contrasting conditions, it says the trend of the market in two opposite path by using if and else statement. So it is conditional. I have read lots of predictions and they states the condition of the market and sentiments while in TA a measure of something to states the possible trend of the market price. Those who just give prices without any kind of conditions is called speculation not prediction.

I would take day trading any time against coin flip due to the reason that day trading have factors that can affect the result to be in profit while coin flip do not have.

Interesting insight, especially on the conditional aspect of predictions. I'm curious though, when you talk about the factors that can affect the result to be in profit in day trading, could you expound on what specific factors you are referring to, especially for intraday trading? The coin may not have factors, but it does have the thrill of simplicity, no charts, no graphs, just a flip away from fate. The world of trading is peppered with conditions, analyses, and not to forget, the sneaky speculations masquerading as predictions. Don’t you think there's a bit of a gamble in navigating through all these?

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Quote from: fingnome on September 25, 2023, 03:43:05 AM

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Coin flipping seems more like gambling to me. The reason we are interested in gambling isn't just because we feel lucky, but, most importantly, because we believe we have the skills. We can't apply those skills in gambling if it's a simple coin flip; it should involve only skill-based games like poker or sports betting. Additionally, day trading is not easy; it can be quite complicated for some. However, at least there's a good chance of improving our skills.

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Quote from: Haunebu on September 27, 2023, 02:52:52 AM

Day trading is less riskier when compared to gambling, but is far less entertaining and time-consuming in comparison. I would choose gambling over day-trading any freaking day primarily due to the time and fun factors.

Tip: Invest only what you are willing to lose when dabbling with any of them though.

You've got a point about gambling's allure – it’s like the flashy, bad boy compared to day trading's nerdy, methodical approach. But let's toss a coin on this. In the world of coin flipping, where it's just you, the coin, and destiny having a rendezvous, who’s to say it's pure gamble? No sly casino tricks or house edge, just the raw thrill of chance, meeting you in the middle. Sure, day trading’s got its own suspense, but can it beat the heart-pounding drama of "heads or tails"? Whether you’re embracing the chaos or calculating the climb, just remember - it’s all fun and games until your wallet enters the chat. Choose your adventure wisely, my friend!

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Quote from: LUCKMCFLY on September 26, 2023, 10:10:48 PM

Quote from: Slow death on September 25, 2023, 10:28:50 AM

Day trading is not similar to gambling, in day trading the person studies the market a lot, does a lot of technical and fundamental analysis of the market and then buys and when buying the person puts stop - loss which allows the person to be able to buy and when the forecast is wrong and the price drops, that person will only lose a little money. There are very good strategies for making money trading and reducing money losses, but in general day trading is less risky than gambling. just ask ourselves how many people became addicted to gambling and how many people became addicted to day trading and we will see that the number of people addicted to gambling is a much greater number than the people who do day trading

and in my opinion this difference in the number of people addicted to gambling is a much greater number than the people who are addicted to day trading (I confess that I have not yet seen anyone saying that person X or Z became addicted to day trading) if This is due to the fact that in day trading people know that they are not going to make a lot of money, even a beginner when they enter day trading immediately realizes that they are not going to make a lot of money. for example: if a person puts $400 on an exchange to do day trade, it would take months for that person to make a 2x profit, that is, it could go more than 4 or 6 months without the $400 becoming $800

The only option a person would have in trading to get a profit of 2x or more than that would be to do hodl, and this is something that also forces the person to have patience and hold on for a year or years. Now when we look at games of chance, people immediately come across games that have a multiplier of 2x to 35x or if the person places sports bets they will easily see games with odds of @2.00, that is, in the game of chance, place $400 and have lucky, the person would easily have more than $800 in a few hours. but if that person is unlucky, then in a few hours they will easily lose all 400$ whereas in day trading even if the person were a complete amateur it would take months to lose all 400$

Well, many people tend to confuse trading (whatever its aspects) with gambling, some people believe that because some trading options are fast, such as futures, binary options, it is like gambling and it is not like that, things are usually different, for example when entering a casino the chances of winning are very random, it may be that you can win at once with a large bet or you may not win at all, it is luck, it is randomness, in rtrading there are many other things with work, there is fundamental analysis, technical analysis, a lot of mathematics, many things that have to do with the main reason of doing an analysis to win in a certain time interval.

Futures trading is very simple to do, to operate, but it takes work to reach a good result, however sometimes with all that things don't go well, you slip up or you make a mistake, so you can lose money. who posted, then these types of things are what one should consider when facing a game, or trading, in trading it is more focused on doing things by knowing, if you don't know anything and leave everything to luck, Well, that's not good, because there is no profitability, there is no way to do things well.

In trading there is a lot of work, we only see the tip of the iceberg and there is a lot there to be able to reach a signal, because money that is put in is money that can be lost and that is not what we are looking for, me personally, I find it very difficult to trade futures, because there have to be many indicators, many conditions, plus the volatility is impressive, whether in futures or forex, for me it is very risky, because I am not a quick responder. , I am one of those who likes to do long-term trading, and that is just that compared to a trader of any game, the long-term game tends to lose, while the trading does not, in the long term with a good analysis you can win , do not confuse this.

Absolutely spot-on about the detailed analysis and calculated strategies in day trading compared to the raw luck in gambling. But here's a curveball: despite all the analysis and tactics, the world of day trading often feels akin to a coin toss, don't you think? It's like entering a labyrinth, with every twist and turn dictated by the capricious whispers of the market.

But you really hit the bullseye, it's indeed more than charts and patterns, it's about intuiting the market’s unpredictable pulse, which no tutorial can imbue. Yet, even with this, why can the majority of hedge funds not outperform the index? Perhaps because the market, like a moody dance partner, chooses its own rhythm, leaving even the most skilled dancers a step behind. Despite the risks and the unpredictable twists, the journey of trading is not just about the wins or losses, it’s about growing, learning, and swaying along with the market's unique beat, hoping it chooses to dance with us. A gamble? Maybe. A growth? Definitely.

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Day trading is less riskier when compared to gambling, but is far less entertaining and time-consuming in comparison. I would choose gambling over day-trading any freaking day primarily due to the time and fun factors.

Tip: Invest only what you are willing to lose when dabbling with any of them though.

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Quote from: Slow death on September 25, 2023, 10:28:50 AM

Day trading is not similar to gambling, in day trading the person studies the market a lot, does a lot of technical and fundamental analysis of the market and then buys and when buying the person puts stop - loss which allows the person to be able to buy and when the forecast is wrong and the price drops, that person will only lose a little money. There are very good strategies for making money trading and reducing money losses, but in general day trading is less risky than gambling. just ask ourselves how many people became addicted to gambling and how many people became addicted to day trading and we will see that the number of people addicted to gambling is a much greater number than the people who do day trading

and in my opinion this difference in the number of people addicted to gambling is a much greater number than the people who are addicted to day trading (I confess that I have not yet seen anyone saying that person X or Z became addicted to day trading) if This is due to the fact that in day trading people know that they are not going to make a lot of money, even a beginner when they enter day trading immediately realizes that they are not going to make a lot of money. for example: if a person puts $400 on an exchange to do day trade, it would take months for that person to make a 2x profit, that is, it could go more than 4 or 6 months without the $400 becoming $800

The only option a person would have in trading to get a profit of 2x or more than that would be to do hodl, and this is something that also forces the person to have patience and hold on for a year or years. Now when we look at games of chance, people immediately come across games that have a multiplier of 2x to 35x or if the person places sports bets they will easily see games with odds of @2.00, that is, in the game of chance, place $400 and have lucky, the person would easily have more than $800 in a few hours. but if that person is unlucky, then in a few hours they will easily lose all 400$ whereas in day trading even if the person were a complete amateur it would take months to lose all 400$

Well, many people tend to confuse trading (whatever its aspects) with gambling, some people believe that because some trading options are fast, such as futures, binary options, it is like gambling and it is not like that, things are usually different, for example when entering a casino the chances of winning are very random, it may be that you can win at once with a large bet or you may not win at all, it is luck, it is randomness, in rtrading there are many other things with work, there is fundamental analysis, technical analysis, a lot of mathematics, many things that have to do with the main reason of doing an analysis to win in a certain time interval.

Futures trading is very simple to do, to operate, but it takes work to reach a good result, however sometimes with all that things don't go well, you slip up or you make a mistake, so you can lose money. who posted, then these types of things are what one should consider when facing a game, or trading, in trading it is more focused on doing things by knowing, if you don't know anything and leave everything to luck, Well, that's not good, because there is no profitability, there is no way to do things well.

In trading there is a lot of work, we only see the tip of the iceberg and there is a lot there to be able to reach a signal, because money that is put in is money that can be lost and that is not what we are looking for, me personally, I find it very difficult to trade futures, because there have to be many indicators, many conditions, plus the volatility is impressive, whether in futures or forex, for me it is very risky, because I am not a quick responder. , I am one of those who likes to do long-term trading, and that is just that compared to a trader of any game, the long-term game tends to lose, while the trading does not, in the long term with a good analysis you can win , do not confuse this.

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Quote from: fingnome on September 25, 2023, 03:43:05 AM

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

They're both a gamble really. It's just that in trading, the factors involved are rather different compared to gambling. Gambling is random, or pseudo-random, or whatever they use, while trading, the basic factors involved would be supply and demand, and of the two, demand is influenced by a multitude of factors. In simple terms, I'd describe trading as a calculated risk, while gambling is just a risk itself. Ofc this doesn't mean that you can't trade like how you gamble, it's just that the difference is with gambling, that's your only real option while in trading, it's only one of the available options (and probably the worst one).

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Quote from: coolcoinz on September 25, 2023, 02:58:32 PM

I don't like day trading to be honest, so I'd choose to flip a coin. If you're a swing trader, that's a bit different, long-term traders who hold an asset for a year or longer are also a different breed.

It's hard to choose since you're not giving us more details about the type of trader that you are, but when I read predictions by some people who constantly get everything wrong when it comes to bitcoin, I start to believe in coin flips more and more Cheesy

Prediction are often made with contrasting conditions, it says the trend of the market in two opposite path by using if and else statement. So it is conditional. I have read lots of predictions and they states the condition of the market and sentiments while in TA a measure of something to states the possible trend of the market price. Those who just give prices without any kind of conditions is called speculation not prediction.

I would take day trading any time against coin flip due to the reason that day trading have factors that can affect the result to be in profit while coin flip do not have.

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Quote from: fingnome on September 25, 2023, 03:43:05 AM

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

I'm not really into day trading but I read that there are people who make a living out of it it has a big risk but the risk can be lowered with the help of tools and knowledge that you can develop so we can say that it's a total gamble its a gamble for newbies but not to real trader with real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game, it's a total stroke of luck there is no tool or knowledge that you can use to have an edge the coin is tossed in the air, and whoever luck smiles on, you or the other guy that will be the result I cannot totally consider day trading a gamble.

Quote

The main difference between day trading and gambling is that gamblers play available odds while traders strategize based on market trends, price movements, and past performances. Traders often use sophisticated analytical tools and real-time market updates to decide which stocks to buy or sell and how much to spend.

Reference: https://www.gatewayfoundation.org/addiction-blog/day-trading-gambling

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I don't like day trading to be honest, so I'd choose to flip a coin. If you're a swing trader, that's a bit different, long-term traders who hold an asset for a year or longer are also a different breed.

It's hard to choose since you're not giving us more details about the type of trader that you are, but when I read predictions by some people who constantly get everything wrong when it comes to bitcoin, I start to believe in coin flips more and more Cheesy

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Quote from: fingnome on September 25, 2023, 03:43:05 AM

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Gamble on the sense that you arent applying any analysis or strategy towards your trading then it would really be a complete gambling on which we could really say that it would really be having that 50-50% chance on whether you would be ending up profitable or not.Some people do even think that it is really just that a gamble and this is why they would really be treating it up on the time that they do make out some daytrades on which results could neither be up and down which we could really be able to make out some similarity with gambling in having those results which it could really be end up
on two possible path and this is something that we would really be needing to look or been wary of because on the time that you do make yourself making trades without having no basis
then its gambling but i wont really be recommending on having this kind of approach because on the time that you do make trades then you could increase your chance on making good trades if
you are really just that serious on what you would gonna do and its something applicable compared when you are really that doing gambling.

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Day trading with no leverage might be a bit safer than a coin flip. After all, you're never putting all your bet at stake. At coin flip if you bet $100 and lose, you lose it all. A market bet can lead to a 5% loss in a day, but that's it. You'll never be down even 10% because you'll react to the market going below your minimums and exit with a small loss.
That said, it depends on what you're trading, how good you are in this and many other things. You could be trading SHIB with 10x leverage for all I know. Cheesy

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Quote from: fingnome on September 25, 2023, 03:43:05 AM

...
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Well, daily trading with pump & dump coins/tokens is worse than a coin toss game. A coin toss game has some house edge, but pump-and-dump schemes are pure manipulation, it's cheating basically.

I guess if you day trading with unknown coins/tokens it's more manipulation (cheating) by some whales and groups, and if you are not at the top of that chain you will just face losses. We can't say it's gambling if the game its already rigged.

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Quote from: Oshosondy on September 25, 2023, 04:07:30 AM

Quote from: fingnome on September 25, 2023, 03:43:05 AM

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Day trading is different from gambling but it can be gambling for those that did not understand how it works. Even in day trading, people can lose more just like in gambling because they are not getting it. If it is learned and not using more than the amount you can afford to lose and not using leverage, you will make money from trading if you learn about when to open a position. Sine when I have been trading and gambling, I lost huge amount in both, but when I know more about trading, I gain in it than gambling.

I would not really say that at all. Gambling is considered gambling because it relies on a unpredictable element. And while you can narrow down the probability of day trading, it still has unknowable variables which could plummet or skyrocket the price without anyone being any wiser. Say for example that tomorrow, a billionaire somewhere around the world decided to buy a gigantic amount of Bitcoin and did not tell anyone beforehand. There is no possible strategy which could prepare you for this. But you can always stop loss the rare incidents and you are left with the common incidences, which can be predicted, more or less.

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Quote from: fingnome on September 25, 2023, 03:43:05 AM

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Trading is not gambling. Trading and gambling have their own separate rules and separate ways. You can never mix up trading with gambling. Not unless someone is trading without proper knowledge and just predicting whatever they think will happen. Gambling is always a 50/50 chance. No way to control your profits and losses. No way to minimize your loss by using risk management. It all depends on your luck.

On the other hand, trading gives you flexibility. You can manage your assets more proper way than gambling. You can choose how much you are willing to lose on one trade or every other trade. That's called risk management. You can do it in trading. Trading is not based on luck. There is more data to collect information from and analyze them for better outcomes.

As day trading is also a part of trading, it also follows the same principles. So it is not a gamble. Trading is better than gambling in terms of control.

Topic: Flip or Trade? What’s The Bigger Gamble? - page 11. (Read 1753 times)