Gambling is nothing like day trading, except in that they both require risk management and budgeting.
Although it is true that a lot of gamblers eventually go on to become traders, I would say that very few traders go on to become gamblers—at least no professionally. Gambling is all about managing your exposure to risk and seizing the right opportunities, gambling is completely about luck, unless it's sports betting or poker.
With gambling you're always up against the odds, and although the same is true for trading, you can beat the odds with knowledge. No matter how much you know about slots, you can never overcome the 10-15% house edge of w.e. using pure knowledge.
Topic: Gambling is like day trading ? - page 15. (Read 2839 times)
Please stop comparing gambling with trading. Gambling with cryptocurrencies and trading are not the same at all. Gambling is all about luck. If you get luck, you win. If you are unlucky you lose everything. There is nothing you have to "think" about since the outcome of your results are always random. Logic does not work/change your outcome when gambling. But trading does depend on logic. You have to think a lot before you make your next move. The outcomes are not random and you have more control over your investment when compared to gambling.
They are basically thesame thing. Crypto traders are betting on something (price) just as other prediction markets. Sport bettors for example are betting on scores and other things.
Some cryptocurrency trading are very risky, eg Binary option, leverage trading, etc. This type of trading kind of qualify as gambling depending on how much you risk.
Gambling is NOTHING like day trading. As an investment advisor by trade, I am quite versed on the topic. The vast majority of people should first off not be day trading. Trading takes a lot of time, skill and research to be able to know how to do so correctly. I'd say 98% of investors should not be day trading. Day trading involves actual companies and not just a game of mostly luck. Stocks are backed by businesses and often when trading it's not an all or nothing scenario as is most often the case with gambling. Gambling often takes no skill at all or even any need for research. Both are something to consider heavily before doing so, making sure that you're willing to lose it all in both cases is a big part of it. Some similarities do exist, but for the most part they're very different.
Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.
There is no guaranteed that you earn in both ways but risk is less in trading and more danger to the gambling they have similarity but they have differences also. In everything there is no assurance even not gambling or trading!.
daily trading
- small risk of loss (no loss of 100% capital)
- possibility of profit (small amount)
gambling
- risk of losing a large amount (100% capital is used up)
- the possibility of getting a large amount of profit (if you are lucky to reach 10 times)
Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.
I don't think it's the right approach. In day trading, the risk is low if it is continuously followed by the agenda, developments and graphs. Especially as online time increases, the risk decreases. But gambling is largely dependent on luck. The risk is therefore slightly higher.
In day-trading, gain-loss ratios can be limited within a certain framework by using tools such as stop loss, stop buy and OCO. But in gambling, the psychological effect is very important. A momentary error can lead to huge losses.
I agree and I already said same thing in my post.
Quote
the risk is low if it is continuously followed by the agenda, developments and graphs
So I think we are talking same think with different words.
Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.
I don't think it's the right approach. In day trading, the risk is low if it is continuously followed by the agenda, developments and graphs. Especially as online time increases, the risk decreases. But gambling is largely dependent on luck. The risk is therefore slightly higher.
In day-trading, gain-loss ratios can be limited within a certain framework by using tools such as stop loss, stop buy and OCO. But in gambling, the psychological effect is very important. A momentary error can lead to huge losses.
Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.
The only common with these two is the fact that they are both risky. In terms of earning, gambling is better but it is also riskier than day trading but for me, it is worse than day trading. Gambling usually is based on luck, though there are some those games where you can analyze your bets carefully, most of the people are playing luck-based games. It is a high-risk high reward situation while day trading may also give you losses, it will not fully lose the money you invested.
Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.
There is no guaranteed that you earn in both ways but risk is less in trading and more danger to the gambling they have similarity but they have differences also. In everything there is no assurance even not gambling or trading!.
Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.
It is both risky it's just it is more easy and fast to earn or lose money on gambling than day trading.
Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.
I don't think it's the right approach. In day trading, the risk is low if it is continuously followed by the agenda, developments and graphs. Especially as online time increases, the risk decreases. But gambling is largely dependent on luck. The risk is therefore slightly higher.
In day-trading, gain-loss ratios can be limited within a certain framework by using tools such as stop loss, stop buy and OCO. But in gambling, the psychological effect is very important. A momentary error can lead to huge losses.
Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.
It is both risky it's just it is more easy and fast to earn or lose money on gambling than day trading.
Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.
Please stop comparing gambling with trading. Gambling with cryptocurrencies and trading are not the same at all. Gambling is all about luck. If you get luck, you win. If you are unlucky you lose everything. There is nothing you have to "think" about since the outcome of your results are always random. Logic does not work/change your outcome when gambling. But trading does depend on logic. You have to think a lot before you make your next move. The outcomes are not random and you have more control over your investment when compared to gambling.
You are not wrong however many traders do not really approach the situation like that and they put their money in a coin not because they made a long analysis and they decided it was a good move, they do it just because they felt like it in a similar fashion to what they will do if they were gambling, that is why people compare gambling and trading all the time because for the most part those that are trading that way are in fact not trading but gambling with their money. 
Problem is, a lot of people see gambling as a way to make money, and to test their luck.
This could be true because they are seeing people making money in gambling although they really don't know if such people are really having more wins that loses in gambling, sometimes gamblers just look at the bright side and that's why most of them failed to consider the risk that resulted to making bad decision in their gambling journey. Problem is a lot of people also do the same for Trading. And they think with a few strategies (like in gambling) they can make profit.
Compared to gambling, I think trading is boring, this is not a game so less people are attracted to this and if they lose they'll just quit right away. In gambling, they feel the challenge as the game is easy to understand and its entertaining, so they got hook up.
I cannot compare the gambling as day trading, I'm a day trader and also a gambler and the approaches are both different. In day trading it is all about technical analysis and when it comes to gambling, the thing that you should use depends on what type of games or features that you are currently gamble. In day trading the time frame is also important and I'm using 5 minutes time frame because my studies are base on it. When it comes to dice games, it is only about luck and there is no skills required on it.
Honestly, these two are different as night and day IF used for their original purposes. Gambling should be for FUN and ENTERTAINMENT and that is how I see it, which is why I gamble a lot and do not touch day trading.
Problem is, a lot of people see gambling as a way to make money, and to test their luck. Problem is a lot of people also do the same for Trading. And they think with a few strategies (like in gambling) they can make profit.
Gambling is almost the same. When trading is you still can get the amount you traded even if the value is lower than the value before unlike gambling where it's 50/50 win or lose and if you lose then there's no money expected to return. Gambling is much faster when in terms of losing while trading is slowly losing money if you have a weak hand meanwhile those who are expert at it will most likely earn profit or get the same value as before.
When you lose in gambling you don't have any chance to recover while in trading if you lose your investment you still have the time to wait for your assets to move back and recover in time when the market gets better. Though there's other type of trading where it's a same thing with gambling. 
We know that day trading or short time trading is like playing with wild fire, not may can handle it. That's y most player's end up in loss and very few are successful day traders.
Is that hold true for gambling also?
There are posts here that gambling is addiction and how to get rid of.
Are there gamblers here who are in profit overall?
Is that hold true for gambling also?
There are posts here that gambling is addiction and how to get rid of.
Are there gamblers here who are in profit overall?
Short term trading is indeed a like of playing with a wild fire, yet it would only depend on how knowledgeable you are in the market and how passionate you are with what you are doing. But, gambling is very different from it. Gambling involves strategies and even self-taught knowledge from experience yet mostly depends on a person's dumb luck. And you don't need to research and spend time in studying as the same as trading, all you need is gut and trust.
Gambling is almost the same. When trading is you still can get the amount you traded even if the value is lower than the value before unlike gambling where it's 50/50 win or lose and if you lose then there's no money expected to return. Gambling is much faster when in terms of losing while trading is slowly losing money if you have a weak hand meanwhile those who are expert at it will most likely earn profit or get the same value as before.
I cannot compare the gambling as day trading, I'm a day trader and also a gambler and the approaches are both different. In day trading it is all about technical analysis and when it comes to gambling, the thing that you should use depends on what type of games or features that you are currently gamble. In day trading the time frame is also important and I'm using 5 minutes time frame because my studies are base on it. When it comes to dice games, it is only about luck and there is no skills required on it.
OP might be thinking about the risk and the possible losses that we are able to get from gambling and day trading. Yes it can be true and losses could have some point to find but you are certainly wrong if you think that day trading is all about luck, unlike gambling.
And the bad thing about gambling, you might lose your money without any chances to get it back.
And the bad thing about gambling, you might lose your money without any chances to get it back.
If you know what you are doing when you are in trading, it will not be in the luck's side but more on skills and strategies. Also, if you have prior knowledge regarding the coin that you are trading with, the likelihood of earning profits is high. Unlike gambling, most games are based on luck though sportsbetting is one of them that relies on the player's knowledge about the game. But if you will jump on trading without any knowledge about the coin, I guess you are really in the gambling mode here.
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