Gambling is like day trading ? - page 16.

crzy

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Quote from: philanthropist67 on March 16, 2020, 05:28:18 AM

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?

Trading is a big gambling but its totally different on playing on the casino. If you are addicted gambler then you must ask for someone help to get rid of and the profit will depend on every gambler. Day trading is much more volatile compare to gamble and I think trading are more less risk simply because you don’t depend on any luck compare to gamble.

jhonjhon

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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.

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Quote from: Best Dreams on March 25, 2020, 07:14:15 AM

Quote from: FlightyPouch on March 20, 2020, 11:57:08 AM

Quote from: verita1 on March 18, 2020, 10:31:21 PM

Day trading activity is unmatched by gambling. In a day of trading you have the opportunity to win and lose according to the strategy used. Gambling allows you to win randomly. Only you choose the best activity that suits you and improve your skills and above all act with caution.

Day Trading and gambling give you two choices, obviously that is winning and losing and that do not depend on the strategy used since the price chart will be the one telling the price changes and not your strategy. As gambling can ruin your balance, day trading is better since you will jsut lost some profit based on the price changes but not all of it.

Day trading is a better option than gambling in many ways and sensible people prefer risking their money in day trading than on gambling all the time. Gambling shall be done off and on that too without a large amount of money. Day trading never makes you bankrupt but this can easily happen in the case of former.

It can make you bankrupt, especially for those people that don't know what they are doing. I did say that it can lose you some profit but if that continuously happen then you obviouslt can go bankrupt. The only component day trading has that is better than gambling is luck which almost all of the games in gambling has.

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Quote from: adzino on March 28, 2020, 09:44:02 AM

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.

No matter how much you think before the next move, this is a random process for you, since you do not have an insider and cannot predict the influence of all factors on the price (even if you know all of them). You should think by yourself of such a paradox: if you could logically calculate the “right” next move, then everyone would do it. But in reality, no one can predict (statistically significant) price fluctuations over a short period of time.

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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.

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Quote from: harizen on March 20, 2020, 12:40:07 PM

Quote from: onrise on March 20, 2020, 12:11:46 PM

For me both are different because in trading you analyse both technical and fundaments and then accordingly can place the trades on but in gambling you do not have such options as many would be your luck-based games. Also trading requires skills which not everyone can have it just like skills required in card games. Gambling would not be approved in all countries, but trading is legal in all countries then be it stocks, commodities etch.

Honestly, no.

Others might see gambling as luck-based but overall there's a catch on how to overcome that. Same with day-trading or basically, any types of trades, the strategy must always be considered and not just you will bet then that's it. Not relying purely on luck but to increase our winning chance rate in every bet. ~

But do you still agree that it's impossible to increase your winning chance in the luck-based games, such as dice, roulette, minesweeper, plinko and slots? I think, the only thing you can do about the aforementioned games is you can limit your gambling balance in order to not lose too much in the case of bad luck, but there is no way of increasing your winning chance in those games.

Imo, day trading is somewhat similar to poker and sports betting, where luck still plays a big role, but not everything depends on it.

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The existence of risk is the "thing" that relates both trading and gambling to one another. But it seem to me that the similarity is more sided with gambling more than trading. Trading is like gambling because there is no assurance of profit because the market value is volatile and it would be hard to find a good trade, especially at this moment that the market value of cryptos are low, and no one knows when will uprise occur as well as which coin would go along with the uptrend. Gambling on the other hand is a bit like trading especially on strategical gambling games such as card game, a player would think of the best method in order to come up with the win. But as what I have said, it is risk which connects both gambling and trading to each other forming similarities.

JoMarrah Iarim Dan

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Quote from: philanthropist67 on March 16, 2020, 05:28:18 AM

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?

Gambling and day trading are both risky. Gambling is a form of entertainment but can make us earn money and lose at the same time. Gambling does not need skills, it needs luck. But in day trading if we have the skills we can surely earn money. Of course it is not that easy to have that skill.

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Quote from: Ucy on March 26, 2020, 02:42:42 AM

Ofcourse. Crypto Trading is less risky type of betting... less risky than many/most types of bettings or prediction markets. I guess other betting types (the safe/good ones especially) could even consider bit by bit winnings/losses, like in crypto trading instead of the normal "win all/loss all" your fund kind of thing... guess they do it already?

But you can set your winning chance in dice, for example, 98% chance, 1% payout. Thus, the "profit" from one bet would be similar to profit from one transaction (if the price is rising). You can also divide your bet in a smaller batch, so if you lose one, you still have plenty.

Well, gambling and day trading is a different game, but similar in nature.

KTChampions

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Given that no one (we are not talking about market makers) can manage randomness, intraday trading is very similar to gambling. Negative mathematical expectation is what brings these two activities together. For a while you may be in profit but at a distance you will be in the red. The longer the distance, the more true this statement.

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Quote from: radjie on March 26, 2020, 01:24:05 AM

gambling and trading are clearly very different, gambling is not always able to provide benefits, on the contrary, the longer we bet, the greater the chance of being able to deal with losses.

what do you mean with this? If I am not mistaken, you are pertaining to experiences, so the longer we play in gambling, we getting the game clearly that we can deal with our losses. If that is what you mean, I for me, the longer we play, means there is a huge chance of winning from the particular gambling site or game that we are playing. Because basically, who want's to play with games that the chances of losing is higher that winning right? So we should be aware of our losses, compare and contrast it to our wins, and take a look if the games is still fair.

Quote from: radjie on March 26, 2020, 01:24:05 AM

different from trading, the longer we trade the possibility that in the end we can get used to facing fluctuations in market prices and more can use the best time possible to always make a profit so that more can minimize losses

In here, the concept is still experience, I am thinking if you are pertaining to the long term hodling in saying "the longer we trade" but I think experience in trading does really help. For me, long term hodling is quite better and it differs from person's time in trading. If you have more time, then do a scalping or day trade, but if you are busy in some other areas, then it's better to hodl in long term but make sure you have invested enough funds.

AicecreaME

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They are both risky, I must admit that, but, the profits in day trading could be more promising and reassuring than in gambling. On the other side, if you're looking for both fun and danger, then gambling is the best choice for you, but if you're after in profits alone and you take it very seriously, then day trading is the best fit for you.

Just like what everyone said here, it depends on everyone's life perspective on what we are after.

Ucy

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Quote from: Best Dreams on March 25, 2020, 07:14:15 AM

Quote from: FlightyPouch on March 20, 2020, 11:57:08 AM

Quote from: verita1 on March 18, 2020, 10:31:21 PM

Day trading activity is unmatched by gambling. In a day of trading you have the opportunity to win and lose according to the strategy used. Gambling allows you to win randomly. Only you choose the best activity that suits you and improve your skills and above all act with caution.

Day Trading and gambling give you two choices, obviously that is winning and losing and that do not depend on the strategy used since the price chart will be the one telling the price changes and not your strategy. As gambling can ruin your balance, day trading is better since you will jsut lost some profit based on the price changes but not all of it.

Day trading is a better option than gambling in many ways and sensible people prefer risking their money in day trading than on gambling all the time. Gambling shall be done off and on that too without a large amount of money. Day trading never makes you bankrupt but this can easily happen in the case of former.

Ofcourse. Crypto Trading is less risky type of betting... less risky than many/most types of bettings or prediction markets. I guess other betting types (the safe/good ones especially) could even consider bit by bit winnings/losses, like in crypto trading instead of the normal "win all/loss all" your fund kind of thing... guess they do it already?

radjie

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gambling and trading are clearly very different, gambling is not always able to provide benefits, on the contrary, the longer we bet, the greater the chance of being able to deal with losses. different from trading, the longer we trade the possibility that in the end we can get used to facing fluctuations in market prices and more can use the best time possible to always make a profit so that more can minimize losses

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Quote from: naikturun on March 26, 2020, 12:39:37 AM

like pro traders or pro gambling players, they too must have suffered losses and will not always profit.
that is why gambling and trading are very rarely sought after to become the main occupation.
the risk is too great, so those who dare to take risks carry out this work.
Some pro poker player already earning million $ from their gameplay, for example.

only jobs are not risky enough and can sustain you contious/stable profit but gambling and trading especially they are related to crypto are much more risky than those who arent related to crypto .

actually the next from the job is that people look for trading or gambling , many people living out of gambling but much more on trading because trading is more profitable and likely achievable than on gambling .

big risk is also equals to great rewards , both applicable on trading and gambling .

naikturun

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like pro traders or pro gambling players, they too must have suffered losses and will not always profit.
that is why gambling and trading are very rarely sought after to become the main occupation.
the risk is too great, so those who dare to take risks carry out this work.
Some pro poker player already earning million $ from their gameplay, for example.

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Quote from: AakZaki on March 25, 2020, 03:26:19 PM

~~snip~~

Correct, gambling is about prediction and mostly luck-based. Our funds and profits will depend on them. Even, we don't need certain skills to gamble. While trading isn't about luck, it is skill-based. Although sometimes one of the factors of success in trading is luck, it isn't the main factor which has the most important role.

Quote from: hahay on March 25, 2020, 04:01:06 PM

~~snip~~

I think the same as you. Gambling isn't a proper profession, we cannot rely on the luck for our regular income, it is too risky. It is different than trading, for the traders who have good knowledge and skills, they can hope for regular income from trading. It's possible if you know how to trade well.

hahay

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I only think if gambling and trading are something different, trading is a profession while gambling is not a profession and it is not appropriate if gambling is used as a profession because gambling is a game of luck, no matter how much your experience in gambling is still not going to guarantee you to get profits every day, is different from trading because in trading at least when you have good skills then of course it's like a guarantee for you to gain profit every time you trade.

AakZaki

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How trading can be equated with gambling, it is very different in my opinion.
Gambling once we bet and our predictions are wrong, of course the capital runs out.
different from trading every time we make an entry buy and then our prediction is wrong, then we still have coins, only estimates are decreased.
even in trading we can still get profits by utilizing its price fluctuations. Gambling is clearly not possible because there is also based on one's luck, if we bet but not in luck yes all of his capital can be used up.

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Not quite but there are some similarities.
I would say that if you gamble every day you are exposed to risk on a daily basis and you are present every day.
However, day trading depends primarily on.your skills, knowledge and experience and gambling stil depends great deal on luck.
To me this is also the main difference between gambling and trading and generaly I wouldn't compare these two disciplines.

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