The answer is No. If your day trades is losing then, it's gonna turn into long term one LOL. You only lose if you close the trade, as long as you are not closing it, it still not consider as a lose. Gambling is 50/50 chance but the trading(day trading or long term trading), have a more chance of winning as long as you know what you are doing, don't close trade if it is losing and set a stop-loss to minimize the lose, those steps will improve your chance of winning in trading. Day trading is claiming the profit within the day but if it losing trade then, just wait to pump and claim the profit again. Just set a stop-loss when you trade doesn't go as planned.
Considering the eyes of amateurs and not being clear about these two areas, the similarity between the two areas will be relatively high but once we are a trader then we turn to gambling and vice versa, we feel more deeply about the difference of both. Exactly as you said, the loss from trading days only comes true when we end with dumping, otherwise, time may bring recovery while gambling can only propel us to one of two immediate win and lose options, especially our skills do not use effectively here, there is not much information to analyze while trading will provide a full range. 
Topic: Gambling is like day trading ? - page 19. (Read 2839 times)
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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?
Gambling is not a day trading because the lesson between gambling and trading will not be the same. But both gambling and trading will have the same risk, which is you can lose your money if you cannot get the right time to make money. But the risk in gambling will be bigger if the game is based on luck because you will depend on the luck to win. In trading, you can make a profit if you can analyze the market so you can know where the market will move, and you will see what you need to do. Both gamblers and traders can make a profit, but only some gamblers who can win the games because they can get lucky at the right time.
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?
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...
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.
The answer is No. If your day trades is losing then, it's gonna turn into long term one LOL. You only lose if you close the trade, as long as you are not closing it, it still not consider as a lose. Gambling is 50/50 chance but the trading(day trading or long term trading), have a more chance of winning as long as you know what you are doing, don't close trade if it is losing and set a stop-loss to minimize the lose, those steps will improve your chance of winning in trading. Day trading is claiming the profit within the day but if it losing trade then, just wait to pump and claim the profit again. Just set a stop-loss when you trade doesn't go as planned.
Well, they are surely alike because short time trading and gambling is hard and full of risk that takes a lot of effort and experience but, for me, Gambling is much more risky because, your only weapon in gambling is your luck considering the odds that might take your money instantly or the opposite. Unlike in trading, you can't base your decisions in valuable data that is a key aspect in trading.
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?
Yes, day trading is very similar to gambling, and I personally know a guy who is addicted to trading, and overall he is in big loss. Some people say, in order to trade successfully you must know what you are doing, but I think it's an impossible task. Unpredictable things happen all the time on the market, and, just like in gambling, you can earn big and you can lose big, depending on how events are unfolding and on the amount you are willing to risk.
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 different from gambling because in Trading we must learn first before buying currency and also we need to make profit.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?
In gambling we must only Enjoy either winning or losing the important part is the happiness and for me only Stupid people make a living in gambling because this is not the way it must be,not like in Daytrading this can be a bread and butter if we will Study first and don't just invest as Noob.
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?
The longer you play, the more likely you will lose. This is a mathematical rule and it will not change until there is house edge. I think that only by playing the lottery and being lucky by winning, in the long run can we be on plus. House edge is a "tax" that we pay for our fun. Addicted people who lose control over their finances have worse..
Those luck based games are those that house a house edge, and its true that we can never beat the house and that is not comparable to trading since in trading its like using your skills to gamble and be profitable, you can't do that in games with house edge.
Poker and sports betting, these are popular gambling games where there are people who are successful, so this is more comparable to day trading.
Better yet, "using your skills to day trade & be profitable"... that is assuming you don't trade with amount you can't afford to lose. If your trading skills isn't working for you, and you are trading frequently with risky amount, it's likely that you are gambling.
In regards to poker and sports betting, do you know anyone who is consistently profitable in both? I do not doubt that though, as long as skills are concerned.
nc explanation . skill based gambling can be more comparable to trading but there are still house edge on those games but on trading there isnt known house right ? only trading fees tho so both are still close to each other although trading is more favored by serious business minded person while gambling is favored by general audience or people on any ages that are goal is to pass the time ( have fun or have profit ) . this is the edge that we must look for so that we can deicide if which activity is suitable for us .
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?
The longer you play, the more likely you will lose. This is a mathematical rule and it will not change until there is house edge. I think that only by playing the lottery and being lucky by winning, in the long run can we be on plus. House edge is a "tax" that we pay for our fun. Addicted people who lose control over their finances have worse..
Those luck based games are those that house a house edge, and its true that we can never beat the house and that is not comparable to trading since in trading its like using your skills to gamble and be profitable, you can't do that in games with house edge.
Poker and sports betting, these are popular gambling games where there are people who are successful, so this is more comparable to day trading.
Exactly! Experience is important in poker and betting, just as in daytrading. Of course, luck is needed in all three options, but without experience and knowledge, it is unlikely to succeed. Of course, daytrading can only be based on luck and, for example, you can toss a coin if the price will go up or down, but this is not what trading is about.
In terms of winning and losing I think it's the same with gambling a lot of people lose and only a few are the real winners. You should ask tyki if you're looking for someone who's making money from gambling I remember he had an ama thread .
only day trading ? what about regular trading but that wil be depending on your gambling hours .
if you play gambling at day time only then yes its simillar to day trading . both trade and gamble have adequate risk but only difference is that gamble with crypto sites provide free money that you can be used to earn real cash while on trading i know they also provide free money too but you cant withdraw it , its only being used to practice or for testing the trading site .
Afaik gambling sites wouldn't allow you to withdraw balance from faucets back then others could get away with it but now they're very strict. if you play gambling at day time only then yes its simillar to day trading . both trade and gamble have adequate risk but only difference is that gamble with crypto sites provide free money that you can be used to earn real cash while on trading i know they also provide free money too but you cant withdraw it , its only being used to practice or for testing the trading site .
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?
The longer you play, the more likely you will lose. This is a mathematical rule and it will not change until there is house edge. I think that only by playing the lottery and being lucky by winning, in the long run can we be on plus. House edge is a "tax" that we pay for our fun. Addicted people who lose control over their finances have worse..
Those luck based games are those that house a house edge, and its true that we can never beat the house and that is not comparable to trading since in trading its like using your skills to gamble and be profitable, you can't do that in games with house edge.
Poker and sports betting, these are popular gambling games where there are people who are successful, so this is more comparable to day trading.
Better yet, "using your skills to day trade & be profitable"... that is assuming you don't trade with amount you can't afford to lose. If your trading skills isn't working for you, and you are trading frequently with risky amount, it's likely that you are gambling.
In regards to poker and sports betting, do you know anyone who is consistently profitable in both? I do not doubt that though, as long as skills are concerned.
I don't believe that gambling is like day trading.
Gambling relies mostly on luck while day trading needs some knowledge and personal skills in order to do your technical analysis and interpret it in order to take the correct decision.
Gambling relies mostly on luck while day trading needs some knowledge and personal skills in order to do your technical analysis and interpret it in order to take the correct decision.
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?
The longer you play, the more likely you will lose. This is a mathematical rule and it will not change until there is house edge. I think that only by playing the lottery and being lucky by winning, in the long run can we be on plus. House edge is a "tax" that we pay for our fun. Addicted people who lose control over their finances have worse..
Those luck based games are those that house a house edge, and its true that we can never beat the house and that is not comparable to trading since in trading its like using your skills to gamble and be profitable, you can't do that in games with house edge.
Poker and sports betting, these are popular gambling games where there are people who are successful, so this is more comparable to day trading.
Well I think you could say that they are similar to each other no matter what we say.
For example there are traders who enters the market without a proper knowledge and picks a random crypto that is like gambling depending on luck.
And when it comes to skills,analyzing and experience both fields required it in order to be successful.
We have some gambling games that require those skills like sports betting and card games like poker.
For example there are traders who enters the market without a proper knowledge and picks a random crypto that is like gambling depending on luck.
And when it comes to skills,analyzing and experience both fields required it in order to be successful.
We have some gambling games that require those skills like sports betting and card games like poker.
trading is some kind of gambling, in my opinion...
trading also has trading bot as well...
trading also has trading bot as well...
-snip
Day trading is safe than gambling because of some particular reason and that is the necessary knowledge to do it. Day trading is not for everyone, One should know that, in order to start day trading, you should know what to do. Unlike gambling, you can start right away as soon as you create your account that's why it's so addicted. You can rid of gambling addiction when you wanted to do it and you also need to stay out of it after you successfully leave it for good.
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?
The longer you play, the more likely you will lose. This is a mathematical rule and it will not change until there is house edge. I think that only by playing the lottery and being lucky by winning, in the long run can we be on plus. House edge is a "tax" that we pay for our fun. Addicted people who lose control over their finances have worse..
Well, day trading is quite risky. You have to know what you are doing to thrive in it, or simply develop a strategy that works for you. If you spend alot of time learning to day trade but you're still not profitable in real trade, then day trading is probably not your thing. You could try other type of trading, like weekly trading, long-term/holding etc. Always remember to trade what you can afford to lose.
Regarding typical betting or gambling, I have seen few who claim they earn consistently from it... whether it is true or not, I don't know. Some skill-based betting could actually be profitable, I guess.
Regarding typical betting or gambling, I have seen few who claim they earn consistently from it... whether it is true or not, I don't know. Some skill-based betting could actually be profitable, I guess.
Day trading is you gamble with the price movement, it could be similar when it comes to taking a risk but not the same.
Mind you also that in gambling, there are two types, skilled based gambling and luck based gambling where you rely on luck only as no strategy that could help you to win consistently, in day trading you can impose an strategy, you can treat it like skilled based gambling, e.g sports betting.
Mind you also that in gambling, there are two types, skilled based gambling and luck based gambling where you rely on luck only as no strategy that could help you to win consistently, in day trading you can impose an strategy, you can treat it like skilled based gambling, e.g sports betting.
Day trading or trading in general will be like gambling if you don't know how to trade.
This is what is happening to most of the traders out there. They started trading like they were pro investing many money on it and they end up losing all of their money. They've gambled their money thru trading because they have no planned strategies or anything at all just like gambling. Trading isn't game of luck. It is game of strategies unlike gambling which is a game of luck. If you have strategies in your pocket, you can succeed in trading but in gambling if even you have 100000 strategies if you aren't lucky then you will not win.
Now is gambling like day trading?? For most newbie traders probably yes but for the pro traders out there, it isn't and there is a differences in the two.
This is what is happening to most of the traders out there. They started trading like they were pro investing many money on it and they end up losing all of their money. They've gambled their money thru trading because they have no planned strategies or anything at all just like gambling. Trading isn't game of luck. It is game of strategies unlike gambling which is a game of luck. If you have strategies in your pocket, you can succeed in trading but in gambling if even you have 100000 strategies if you aren't lucky then you will not win.
Now is gambling like day trading?? For most newbie traders probably yes but for the pro traders out there, it isn't and there is a differences in the two.
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