Gambling is like day trading ? - page 17.

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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?

Day trading is not entirely like gambling.

Gambling results depends on probability of the game you are betting.

Most players win lot of money but they never realize that they are losing the same amount of money on multiple losing bets.

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Yes gambling is like a day trading especially if you are playing or gambling daily in which you are able to earn money daily through the gambling but it would be a problem if you are losing just like in trading it is a big problem. Trading and gambling is almost the same because it is more likely that you are betting also your money in trading in which the profit that you may get after the trading same as the gambling.

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

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.

I wonder where you heard that because it is obviously not true, if you take a look at the forum you will see there are many more stories about people losing all their money while they are day trading than those that lose all their money gambling, it is true day trading can be way more profitable than most forms of gambling but with the way this market moves and its volatility the day traders that can make money out of this market are probably below 1% while the rest lose some or all of their money.

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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 is both risky because if you don't have a good strategy and you can't control your emotion in both trading and gambling, you will definitely lose. But the difference is it is much better to trade than to gamble because when you have a great skill in trading it is enough for you to provide all of your necessities.

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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.

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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.

As for legality, yes it's no doubt that gambling is more prohibited and has strict terms compare to trading but that should be the main point of comparing gambling and day trading for an obvious reason that both have different natures.

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Quote from: qomariah95 on March 18, 2020, 12:30:58 PM

I assume that gambling and daily trading are different things. Because in gambling can sometimes spend money faster, different from daily trading for example. Because we can control the trade and in that case can also benefit. I play gambling, mostly losing compared to winning.

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.

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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.

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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?

You bet!
There are different types of gambling although all of them really cost a lot of money. Almost the same as trading but there are still differences when it comes to spending.

Dice gambling like one in my signature is one example which could make you win a lot in just a little amount of time. High risk, fast profit.
Sports gambling. It takes time. You will need to do research to have a higher percentage of winning.

In trading, there is like a safety pin. You could always cancel your order if you are having doubts.
That won't happen if you gamble. Grin

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Quote from: Sadlife on March 16, 2020, 07:49:50 PM

Why is it that most people has such misconceptions about trading and gambling. They're both different platforms and has different methods, trading relies on calculated algorithm and analyze movements of the price. Gambling is different it is in the realm of probabilities, a true russian roullete type of platform where you can win lots of money or loss them all in one fell swoop.

Because most people never really make an effort to learn how to trade so they never really get a grasp of what trading is really about, to them trading and gambling seems like something similar and they think they can apply the same methods to both of those activities, when you take all of that into account then you will realize that most of those that call themselves traders are in fact gamblers just betting their money in the markets so they are not that far out wrong when they say to you that gambling and trading is the same to them even if professional traders will obviously disagree with that concept.

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Quote from: ampere on March 16, 2020, 04:56:31 PM

Gambling is not like day trading to be honest, in day trading, you have strategies, patterns and a chance to get atleast 80% wins daily.

There are strategies in gambling. One example is poker where you use bluff to throw off your opponent to win.

Quote from: ampere on March 16, 2020, 04:56:31 PM

But in gambling, there's no cut loss, its either you win your gamble, or you lose your staking fee. Theres no going back or turning back.
Its that straight forward.

Day trading is the same as gambling, you either get a profit from your trade or you will have a loss.

Quote from: ampere on March 16, 2020, 04:56:31 PM

Yes, there are gamblers who profit, and gamblers who lose, and i think we have more gambling losers than winners.

I agree on this one but I think if we are using gambling as something that is analogous with day-trading then it is not a far-fetch idea.

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Quote from: Ailurophile on March 19, 2020, 04:25:26 AM

I get your point but they aren't really similar they both have risk,
But gambling is way more different than trading gambling is fun unlike trading it is too serious.
You couldn't trade to have fun and relax.

That's your own perceptions but for traders who already been here for some time, they've treated this place as source of their enjoyment.
Trading gives them money and that money provide relaxations. Gambling most of the time do the other side, it's not giving you money but
stress when you lose your capital.

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I get your point but they aren't really similar they both have risk,
But gambling is way more different than trading gambling is fun unlike trading it is too serious.
You couldn't trade to have fun and relax.

Janation

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We can say that day trading is a gamble or a risk but not the opposite.

Gambling is not like day trading. When you lose in day trading, it is obvious that you will lose your money but just a percentage of it on the other hand, if you lose in gambling you can lose all of your money. We can just relate those two in terms of the risk they have but these two is not really the same.

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

There are posts here that gambling is addiction and how to get rid of.
Are there gamblers here who are in profit overall?

You once took water in a well "you take water and you pour" that's what happens for gambling addicts.

Never run out and never satisfied.

If you expect profits and want to be rich don't expect at gambling tables, look for vacant land, look for grape and apple seeds and plant them, you will benefit and become rich.

Gambling is solely for pleasure, not for expecting wealth.

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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?

They have similarities but they are very different aspects because gambling is very difficult to study, it is about luck or strategy if there are loopholes to the game that you are planning to play. And in day trading, only newbies are having difficulty in making a successful trade as they didn't know yet the basics and advance technique or strategy in order to achieve the goal.

So the advantage of daily trading is that you can easily profit if you are a professional trader, meaning it can be studied in order to become successful while gambling can't be studied in order to make sure that you will win in the next bet or play. Before you trade, make sure that you study first so you can avoid losing too much money upon your first trade.

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It is a decade old debate but not sure why many people are still not realizing the practical facts from this kind of discussion. Trading may turn gambling when we buy/sell randomly whereas betting on something with the help of scientific approach then that gambling will be not having any differences from gambling; horse racing must be a typical example where you can approach it with the help of mathematical calculations.

Trading must be an improved or derived version of gambling. Gambling relies only on luck factor whereas in trading even you are strong on fundamental and technical analysis, you still need luck to favor you to crack profits. This is the simple reason why people are finding similarities between these two different sectors.

Traders can be gamblers but when gamblers try trading, they may not be successful consistently as trading needs more dedication and focus whereas gambling allows you to relax time to time but trading needs you to be more conscious while your position is open. I talk about leveraged trading; yes, spot markets with optional holding based asset trading gives you more room for being relaxed and to enjoy like gambling. So, there is no wonder why people finds similarities among these two Cool

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It has similarities but compared to gambling, day trading is not more on luck because it requires knowledge and strategy.

The outcome depends on your plan in choosing what coins to buy and the time you spend to be able to monitor the market so you wont miss the right timing on when to sell.

Both is risky and in gambling we often lose than win.

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In my opinion, both are gambling in their own way. Once you've put money on the line or anything or anyone, than can be considered as gambling. In casino games, you are mainly depending in luck while in trading you have to depend on your knowledge. The level of risk is kinda different because if you ever sharpen your skills in trading, you will likely have a better chance in making a profit compared in casino games.

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Quote from: qomariah95 on March 18, 2020, 12:30:58 PM

I assume that gambling and daily trading are different things. Because in gambling can sometimes spend money faster, different from daily trading for example. Because we can control the trade and in that case can also benefit. I play gambling, mostly losing compared to winning.

Gambling and trading are different in their own ways but both of them involves money and you can lose your money there although in an instant or slowly Cheesy

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In trading if the coin you bought goes lower than your buying price, there is still a chance that you can get profit by either averaging down, cut loss and find another coin which you know will rise in a few days or just wait for it to go up again which will took some time though. In gambling, if you lose your money there then its over and the only way to get your money again is to invest more money. Money cycle on gambling is faster since many gamblers are losing there way faster than in trading.

If you are losing in gambling like you said, maybe you should realize that you must stop now unless you are happy even you are losing Cheesy

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