Topic: Gambling is like day trading ? - page 12. (Read 2864 times)

Yes, but not in gambling in general. In sports gambling! There is a big difference in regular gambling and sports gambling when it comes to having luck or knowledge in order to pick your winning bet. Success in regular (casino) gambling depends on luck much more than on knowledge. Don't you think?

In terms of good strategy and knowledge, you can take that advantages if you have good plans ahead of your bet or your trading positions. Each time you gathered information, you'll be able to make a clearer pick and the chances of getting the right timing will be much higher.
This kind of skills are both present from trading and gambling, the capabilities to advance and use your knowledge to make sure that you have the advantages.

Precisely. And when you have exclusive news on some project (like signing a deal with some big company like Microsoft or Google), then you have an advantage and it's easy to put your money into it.

I think I can accept this definition as well just like the day trading skills, sports gamblings need some particular knowledge to be able to predict well which team have the advantages than the other. Because when you know some news or exclusive news fro the team you are about to put your bet on, it gives you a lot of advantages whether to maximize your bet or not. I agree this two has complete similarity.

I'd say that sports gambling really is like daytrading. With sports gambling you can read statistics, news and other stuff and choose a winning bet. But "normal" gambling (as in casino) is definitely not like daytrading. In daytrading you can still have support&resistance and bunch of other indicators that can help you to decide should you buy or sell. And what can tell you if you're gonna guess a number in roulette or 21 in blackjack?

I'd say both short term and long term investment would seem to be a gamble since there's no assurance of the profit. Long term trading would require patience and deep analysis of the coins to be the best to trade with if ever there will be an increase upon trading in a particular moment. The thing that links trading and gambling is risk, no matter how you look at the situation.

This is the 'mindgame' present to both gambling and trading. One could win in a single trade likewise a spin, perhaps, in a roulette to give an example. In both ways, there are chances of losing your money, and the same thing of earning money from doing so. The best thing is to know that profit is not assured to avoid drawbacks when it comes to one's mental condition because that would be worse than losing money.
The profit to both gambling and trading or even investment, depends on one's analysis, luck and will. If one would use huge amount of money, huge profit will be earned if he made good analysis and if he is has 'that' fate, but same thing would be the weight if he won't be. But an individual has a choice, to 'play' the market wise and be safe from both winning and losing, or to push that much.

In both cases you are predicting the future.Which in itself it implies high risk as no one can predict the future.It is the same as day trading because in both cases you can read news about events and you can even talk to other people in forex forums so you can analyze things before betting,in this sense it is almost the same as day trading.

It all depends on how and what you trade. You can trade high-risk tokens that can bring more than 200% profit, but can also fall in price by the same amount.
You can also engage in margin trading with very high leverage, and there, too, you can lose all your money in a short period of time.

The mentality of the people in trading and gambling is different.

Most gamblers does not build a good bankroll before they start gambling because they are trying their luck in turning their small capital into many folds and they think it's easy to achieve that.

While in trading, most traders start with a realistic capital because they understand that small capital won't take them to their goal.

I too think that good money management is the key. And in this regard day trading is similar to poker, where while not risking much you are surely going to last longer, but your chances of winning big are not that big with this strategy. If you make big bets your chances of ending up in the top places increase, but the chances of being wiped out in no time increase either. You have to find a golden mean of a kind, to be successful both in trading and in poker.

The same can be earned by trading with leverage.
You can't compare all types of gambling to trading, but there are exceptions.
Typical casino games, i.e. roulette or slots, are based entirely on luck, so have nothing to do with trading. However, such gambling games as poker or sports betting require experience and knowledge to have an advantage. It is the same in trade, the one who has more knowledge and experience, is more likely to earn than others on the market.
I think that this is the only way to compare gambling to trading.

You cannot say that the profit from trading is bigger than in gambling.
The market is so volatile and can be end up losing a lot of money while in gambling you can double or triple your money in just some minutes if you are lucky enough.

Gambling games will certainly use luck because they only want to see how the results that come out of the casino can be changed by the dealer so this will be a game with high challenges, high risk gambling, relying solely on luck, different from daily trading. concentration to read market movements or can also be called its analysis must be precise.
For me, daily trading will be far better than gambling, relying only on luck because the reality is so.

At least, the chance for us to get a profit in trading will be bigger in gambling. No matter how big the volatility of the price in trading, we can make a profit, but that will work if we can analyze the market. But if you can not analyze, then that is gambling because you depend on the luck which you hope that the price will reach on the price you want.

Indeed, in trading the value of our assets might decrease but there's a chance to recover it if a trader has a patience to wait until the price increase again. While in gambling its a game of luck, sometimes even you have a strategy its not a guarantee to win or recover back your losses. Unlike in trading wherein having a plan and strategy is a must to avoid panic selling. But both has risk and thats their similarities just like investing too.

Why should we equate daily trading with gambling ?
Market volatility is caused by the demand and supply of traders and that is about how crypto assets are valued. And if because of volatility people will call it a gambling, then what about other traders who choose short-term or long-term trading? Because all traders without exception will take advantage of this volatility to profit.

Trading is a gamble due to the volatility of the market. In day trading you can use different tools and leverages to earn profit. However, in gambling you can only depend in luck, the amount or profit you earn depends on your luck and the amount you are willing to stake on each bet.

That's absolutely true! I have been starting to trade with leverage on Binance and I am doing it at 5x right now and they only charge around 0.001% per hour interest which is nothing and I surely know that bitcoins won't go down by 20% all of a sudden so yeah doing good right now and if you know how to use leverage trading to it's maximum potential then that gives great results.

I was thinking about trying the futures which offers 125x leverage trading but I was a little bit worried because this high borrow means a massive interest as well as a big risk of little price swing and all the money will be sold. Anyone if have any good experience with such future trading please share a guide.

Back to topic, I don't even know how people compare trading with gambling in 2020 where trading is all about skill and execution and gambling is all about luck and bankroll management.

if you gamble it will not be as easy as you imagine because when you lose your assets will disappear instantly and it will make poor instantly and cannot be equated with daily trading, whereas if daily trading when you are trapped then what changes is only the estimated value of your assets due to the influence of falling prices at the exchange place and can recover when prices rise, better and safer trading than gambling.

Everything is gambling, gambling is everything!

What I always wrote, but I don't see anyone noticed that, is that gambling is not one game! If we discuss gambling in general we can discuss who will be the best worker this month in your company, we can even place bets on that. Long story short we can discuss anything and everything, and if we are involved in any way and if we make any kind of predictions about possible outcome (with side bets or not) it's gambling. In example above if you are can give extra effort to be the best employee and win some prize (or just a thank you note) you are gambling!
Where is trading there? Trading is a subgroup of gambling, you risk, you invest money, you can win, you can lose. Later you can make many subgroups of trading, there's not just one way you can trade!
There are some gambling games that are very similar to trading, they have the same risk factors, you also need to do your homework (research, analyzes...).

Learn to make a difference between games, learn about games before you start playing. Bankroll management is essential for all games, all games are risky, risk level is different. Chances for win (for making profit, call it as you wish) depends on you, about your understanding of the game and how manage your money!