Gambling is like day trading ? - page 18.

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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.

This is not true. Many types of gambling is far from just luck. There is often a lot of skill that goes in to being a good gambler. In Texas Hold Em for example, being able to read the decks, understand whats possible by process of elimination, and the art of bluffing are all skills that take time to acquire.

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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.

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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.

Try doing the highest winning chance for dice games, and you will see it would be pretty similar to trading. Imagine one roll is equal to one buy/sell order.

I prefer to invest than to trade though, simply because I don't want to waste my time watching the live chart.

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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.

sana54210

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It has resemblances I am not going to lie, I understand why people would compare the two and it makes sense. However, we should point out what type of gambling and not just general gambling. For example if you focus the fact that trading is a lot like dice, you would be wrong, dice is a definite answer, you WILL lose all your money, there is no way you can make money constantly because in the long run house always wins, however if you say trading is a lot like poker then you might be right, in poker house only gets a rake and then you play against other humans, if you are a better poker player you get the money and you can continue to do this all the time.

So, trading is like poker or vice versa where two people bet on one thing and one of them is right, meanwhile house always gets their share no matter who wins.

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Quote from: Latviand on March 17, 2020, 10:16:22 AM

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I would agree to the 'period' of trading. There are times in which trading is really profitable especially when the market price suddenly increase, and it does depend on the market situation. In gambling, there's no such thing, a gambler could gamble anytime he would like to without thinking whether the price of cryptos are high or low.

And yet there are periods of times in gambling which can be compared to those when trading is really profitable. I mean various promotions run by gambling sites when you can win big while risking almost nothing by hitting n-th billion roll on dice, or by guessing goal scorers etc. So, even in this regard gambling is similar to day trading.

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I think if you gamble every day, then that would look like as day trading but he will have the chance to lose your money because, in gambling, we know that the option will only win or lose. Day trading is not gambling if you can analyze the coin movement so you can get the right time to trade, and if you are lucky, you can be able to make a profit every day. Sometimes hold can be looked as gambling because we hope that the coin can increase in some periods but we don't know for sure if the coin can really increase or not.

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Quote from: XCANA on March 17, 2020, 04:29:36 PM

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?

Different people will view this differently because, the two almost stand at the same level of lost and gains. Trading need commitments while the gambling life of a gambler also need commitments to survive the arenas of gamblers. Profits come to both the traders and the gamblers, although one It's more dangerous than the other. Gamblers can easily loose their attention when the game turns against them but smile why they're winning against the house. Likewise the life style of a trader, though this lose will be more known but not than that of the gamblers. Addiction is attributed to gambling and not trading personnel.

Commitment would be more worth if you do spend up your time and effort on trading rather than on selecting gambling.We know the opportunity that it gives where it can sustain for long term.
Gambling is for enjoyment or past time but cant be considered to be part of living or source of money.So i can say that they are different to each other but they do have similarities on some ways
yet you are risking out your money to earn money.Trading can be considered gambling if you dont know on what you are doing.

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Quote from: Teawhalee on March 17, 2020, 03:52:52 PM

Trading requires alot of things while gambling is just a few things .

Yes, some gambling such as Roulette and Lottery are no need skills or a certain strategy. But others may be different, and probably require a bit of skills or strategy. While trading, surely it needs sufficient knowledge, at least about trading strategy and understanding the market trends.

Quote from: leowonderful on March 17, 2020, 04:28:10 PM

Both are terrible if you overdo either one.

It is applied to everything. Overdo is something to avoid by all people. That's why everyone should have a limitation, target, and a certain way (strategy) both in trading and gambling. Smart traders know when and how much to buy or sell, while smart gamblers should understand the limitation on his funds for gambling.

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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?

Different people will view this differently because, the two almost stand at the same level of lost and gains. Trading need commitments while the gambling life of a gambler also need commitments to survive the arenas of gamblers. Profits come to both the traders and the gamblers, although one It's more dangerous than the other. Gamblers can easily loose their attention when the game turns against them but smile why they're winning against the house. Likewise the life style of a trader, though this lose will be more known but not than that of the gamblers. Addiction is attributed to gambling and not trading personnel.

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Both are terrible if you overdo either one. It's very easy to overtrade and take less than optimal entries into positions, and it's also very easy to overgamble and spend funds that you've set aside for everyday spending and your savings in general. It's also entirely possible that you could become addicted to daytrading because a lot of people treat all varieties of trading as gambling.

Teawhalee

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It can be the same if you look at it from an angle where people trade or gamble with little or zero knowledge and they lose heavily. You can gamble with little knowledge and win but trading can't he don't that way. Trading requires alot of things while gambling is just a few things .

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Only few people who experienced success in day trading because it is absolutely risky and not good for people who don't have knowledge in trading and improper time management. You are also right that day trading is like gambling because they are both risky that you can't really say when will you lose or win.

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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.

doing day trade is not an easy task, I speak from my own experience because I am an amateur daytrade (because I still don't have years of experience) but you can't compare daytrade to gamble

See the following:

if you have $1000 and do bitcoin day trade you should do day trade with $1000 if you want to make a decent profit (if you want to have 1% profit per day. and note that there will be days when you will not be able to earn anything), but you have the advantages of stop-loss to avoid losing big ones. I would say that you will take little risk if you know what you are doing

But if you have $1000 to place a sports bet (if you bet on football games), you will not put your entire bankroll of $1000 betting on a game even if you believe it is an easy game to win, you will bet $100 and if you win you will have $150 depending on the odd of the game you bet, but if you lose in the game then you will lose $100 and on the day trade with Stop - Loss you will not lose $100

By that I mean that gamble has more risks in relation to day trade, but you can earn a lot of money fast in relation to day trade

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

Are there gamblers here who are in profit overall?

I play for fun, so the profit is always used to bet more games, sometimes I withdraw

rdluffy

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I consider totally different things
Gambling is almost about lucky, and day trading is based on skills

If you know what are you doing when trading, you can gain a solid money, but gambling is mostly for fun and just some rare people can gain decents amount of money

bitcoin-shark

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in my opinion they are two different things in day trading you need skill, strategy and study of the markets, in gambling you need skill but also a good dose of luck, however both can be addictive...

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Quote from: Latviand on March 17, 2020, 10:16:22 AM

I would agree to the 'period' of trading. There are times in which trading is really profitable especially when the market price suddenly increase, and it does depend on the market situation. In gambling, there's no such thing, a gambler could gamble anytime he would like to without thinking whether the price of cryptos are high or low.

Only the case here why gambling is like day trading is because of the similarities of risk being involved. If that is the case, I'll just leave day trading, instead, go for the long-term investment and would just go in gambling as the risk is just the same.

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Quote from: $crypto$ on March 17, 2020, 09:58:26 AM

Daily trading is indeed quite risky but we must understand very well about the movements of the coins we trade and a fairly strong analysis and stop-loss must also be prepared when the decline occurs, a slight decrease will also be a loss.

Gambling is only 2 choices win and lose one more if you are lucky then I think trading and gambling indeed we should have a basis so that it is not wrong in applying the strategy, but I'm sure here will be happy to gamble more because it's fun and also if you test your strategy and not greedy in every win.

But gambling is long criticized as habit of losing money. Its said as a bad habit and we have to admit that worldwide its not known as a good habit. Just relying on your luck to win and lose money.

Latviand

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They are a bit the same if we would talk about risk being involved. But I would say, Trading is more like gambling. Choosing good cryptos is like a gamble because, not all cryptos at this moment are showing signs of recovery and if the situation will continue, some coins would 'die' in the exchanges. But I would also add that gambling is more risky, I think. Gambling is more certain of losing since it is more of a pure-luck activity while on trading, deep analysis would result to a win, but still risk exist to both methods of earning profit.

Quote from: AniviaBtc on March 17, 2020, 07:15:17 AM

Quote from: asu on March 16, 2020, 06:30:23 AM

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?

Ahmm, probably it can be. If we're going to consider the risk of doing both (gambling and day trading) because day trading requires a lot of fundamental and it's hard to do it without the proper knowledge, while in gambling it just all based on luck. Both risky to play, you know...

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

Are there gamblers here who are in profit overall?

Pretty much, there is.

I'm in quite lucky last week and earned some good amount on it.

Maybe because results varies in time, when you play gambling, the results are uncertain the same with trading. Everyday is another day, each day requires a reflection on what you will do for today, in other words, planning. If you experience losses in a day then study and learn from that mistakes so that you will minimize the money that you've wasted. This advice is applicable both in gambling and trading, you should always reflect on the things that you've done and learn how to manage your money. You need to make sure that you're getting more productive each day so that you will become an effective gambler or trader.

I would agree to the 'period' of trading. There are times in which trading is really profitable especially when the market price suddenly increase, and it does depend on the market situation. In gambling, there's no such thing, a gambler could gamble anytime he would like to without thinking whether the price of cryptos are high or low.

$crypto$

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Daily trading is indeed quite risky but we must understand very well about the movements of the coins we trade and a fairly strong analysis and stop-loss must also be prepared when the decline occurs, a slight decrease will also be a loss.

Gambling is only 2 choices win and lose one more if you are lucky then I think trading and gambling indeed we should have a basis so that it is not wrong in applying the strategy, but I'm sure here will be happy to gamble more because it's fun and also if you test your strategy and not greedy in every win.

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