I don't think that gambling is similar to day trading. One obvious reason as far as I am concerned is that day traders do lots and lots of analyzing and observations for them to be able to make good decisions in increasing their investments. Most often than not they do calculations, research the asset that they invest on and then make rational decisions.
Gambling as far as my experience is concerned does not really need skill 100% of the time, maybe except Poker as this is also a game where many things can happen and it depends on skill and luck to win and sometimes strategy. But for most other games, it is really mostly luck that gets into play.
Topic: Gambling is like day trading ? - page 2. (Read 2839 times)
I agree.
Trading with big amount or what you can't afford to lose without the required knowledge/experience is basically gambling. Same as other bettings, like betting in skill-based games, sport betting, poker, politics, etc.
I believe a good poker player for example could win consistently with his/her skills. The good and successful ones are probably few
Trading with big amount or what you can't afford to lose without the required knowledge/experience is basically gambling. Same as other bettings, like betting in skill-based games, sport betting, poker, politics, etc.
I believe a good poker player for example could win consistently with his/her skills. The good and successful ones are probably few
Maybe, if we continue to believe this way, we might find it as misleading to classify trading as gambling, as it is more over falls as an investment rather than gambling. Because for me, gambling is when you don't have the feeling of winning with more than 50% but you continue to believe and test your luck until you made it. In comparison to trading which is to continue studying and looking at patterns to make sure that you have more than 50% of chance to earn profit. In addition, you also watch the market that gives you more probability to earn.
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 really addicted and so is day trading both are risky but still many do it for profit fun, and experience and it's on your motivation and how high is your risk to continue moving on in gambling and day trading but when it comes to what is more addictive, I guess gambling is more addictive, obviously because of the so many online casinos and casinos, it's probably the most profitable industry because gamblers will always come back no matter what is the condition.
But if traders don't have skills and knowledge, that will be the same as gambling because they want to make a profit without analyzing the market. We know that is happening to many traders out there but they still not learning about trading. But if in sports betting, if that person has skills and knowledge to analyze which team that has a big chance to win, his probability of winning will increase.
I agree.
Trading with big amount or what you can't afford to lose without the required knowledge/experience is basically gambling. Same as other bettings, like betting in skill-based games, sport betting, poker, politics, etc.
I believe a good poker player for example could win consistently with his/her skills. The good and successful ones are probably few
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 really addicted and so is day trading both are risky but still many do it for profit fun, and experience and it's on your motivation and how high is your risk to continue moving on in gambling and day trading but when it comes to what is more addictive, I guess gambling is more addictive, obviously because of the so many online casinos and casinos, it's probably the most profitable industry because gamblers will always come back no matter what is the condition.
But if traders don't have skills and knowledge, that will be the same as gambling because they want to make a profit without analyzing the market. We know that is happening to many traders out there but they still not learning about trading. But if in sports betting, if that person has skills and knowledge to analyze which team that has a big chance to win, his probability of winning will increase.
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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 really addicted and so is day trading both are risky but still many do it for profit fun, and experience and it's on your motivation and how high is your risk to continue moving on in gambling and day trading but when it comes to what is more addictive, I guess gambling is more addictive, obviously because of the so many online casinos and casinos, it's probably the most profitable industry because gamblers will always come back no matter what is the condition.
But if traders don't have skills and knowledge, that will be the same as gambling because they want to make a profit without analyzing the market. We know that is happening to many traders out there but they still not learning about trading. But if in sports betting, if that person has skills and knowledge to analyze which team that has a big chance to win, his probability of winning will increase.
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?
In my opinion, a very important step in this matter is the selection of a reliable and respected betting site. The list of the best cryptocurrency sportsbooks you can find here: http://futbik24.com/cryptocurrency-sportsbooks-eng/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?
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 really addicted and so is day trading both are risky but still many do it for profit fun, and experience and it's on your motivation and how high is your risk to continue moving on in gambling and day trading but when it comes to what is more addictive, I guess gambling is more addictive, obviously because of the so many online casinos and casinos, it's probably the most profitable industry because gamblers will always come back no matter what is the condition.
Yes, I agree that day trading is one of source income that can give us a chance to make money. But before we do day trading, we need to learn more about day trading, what we need to prepare before we start day trading, and else.
Using bots to semi-automate our work in trading can be a solution, and I guess that bots can also be used in gambling, but I don't know how to use it.
Using bots to semi-automate our work in trading can be a solution, and I guess that bots can also be used in gambling, but I don't know how to use it.
Bots can automate things like scripts also can.The problem is not how to automate our day trading but the problem is that day trading like gambling is most of the times based on luck so it is impossible to win or be profitable in the long run.You cannot predict outcomes of major central banks meetings which are crucial to forex day trading for example.
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 addictionand 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 addictionand how to get rid of.
Are there gamblers here who are in profit overall?
Gambling, not equal to addiction. Gambling addiction in my opinion, is taking big risk frequently, or addiction to taking big risk. You can't easily control the addiction, usually because it makes you feel better, excited or good. This is why it's good to bet only little or what you can afford to lose on good/safe games.
Before I thought that gambling has higher risk than trading.
Gambling needs luck, chances and somehow skills are applied to specific games. Trading in the other hand, needs that amount where in you have higher control of your investment. As I have observe, they are just the same. We can not predict at both ends. Still there is no assurance of profit both ways.
Gambling needs luck, chances and somehow skills are applied to specific games. Trading in the other hand, needs that amount where in you have higher control of your investment. As I have observe, they are just the same. We can not predict at both ends. Still there is no assurance of profit both ways.
The risk of losing money is everywhere. This can happen in gambling and trading. However, you can't learn to roll the dice better and better to increase the chance of getting the right combination. But you can learn to trade and thus you will reduce the chance of getting losses from trading.
Before I thought that gambling has higher risk than trading.
Gambling needs luck, chances and somehow skills are applied to specific games. Trading in the other hand, needs that amount where in you have higher control of your investment. As I have observe, they are just the same. We can not predict at both ends. Still there is no assurance of profit both ways.
But at least in trading can make a cut when it has a wrong prediction, which can not be done on gambling.Gambling needs luck, chances and somehow skills are applied to specific games. Trading in the other hand, needs that amount where in you have higher control of your investment. As I have observe, they are just the same. We can not predict at both ends. Still there is no assurance of profit both ways.
when experiencing entry errors in trade we can stop losses and repeat entries more carefully until we get a return.
while gambling can not, even if we make a bet that might be said to be careful still gambling only relies on luck.
Experiencing entry error is not common and happens rarely unless you are the guy on Japanese hedge-fund management who clicked the wrong button and that simple click has cost more than 4 billion USD. Unless you use the "max bet" function, the same probability is near to zero on both versions of casinos(both physical and online).
Before I thought that gambling has higher risk than trading.
Gambling needs luck, chances and somehow skills are applied to specific games. Trading in the other hand, needs that amount where in you have higher control of your investment. As I have observe, they are just the same. We can not predict at both ends. Still there is no assurance of profit both ways.
But at least in trading can make a cut when it has a wrong prediction, which can not be done on gambling.Gambling needs luck, chances and somehow skills are applied to specific games. Trading in the other hand, needs that amount where in you have higher control of your investment. As I have observe, they are just the same. We can not predict at both ends. Still there is no assurance of profit both ways.
when experiencing entry errors in trade we can stop losses and repeat entries more carefully until we get a return.
while gambling can not, even if we make a bet that might be said to be careful still gambling only relies on luck.
~ Still there is no assurance of profit both ways.
In this aspect, you make both are the same. No guarantee for profits because it should depend on the individual. I think that is true but trading should have a rather higher chance to take profits than gambling. We can take the chance in trading better if we trade with sufficient knowledge and already have experience. While in gambling, for some games, it never creates a higher chance even if you have good knowledge and experience. It requires "luck" (dice, roulette, slots, etc). 
Before I thought that gambling has higher risk than trading.
Gambling needs luck, chances and somehow skills are applied to specific games. Trading in the other hand, needs that amount where in you have higher control of your investment. As I have observe, they are just the same. We can not predict at both ends. Still there is no assurance of profit both ways.
Gambling needs luck, chances and somehow skills are applied to specific games. Trading in the other hand, needs that amount where in you have higher control of your investment. As I have observe, they are just the same. We can not predict at both ends. Still there is no assurance of profit both ways.
To make this short, both have different ways to win.
Risks are always there that's why it's not applicable to compare gambling to day trading.
Both also depends on the strategy, as bankroll management is a must. We don't want to just rely on luck, right?
Before I thought that gambling has higher risk than trading.
Gambling needs luck, chances and somehow skills are applied to specific games. Trading in the other hand, needs that amount where in you have higher control of your investment. As I have observe, they are just the same. We can not predict at both ends. Still there is no assurance of profit both ways.
Gambling needs luck, chances and somehow skills are applied to specific games. Trading in the other hand, needs that amount where in you have higher control of your investment. As I have observe, they are just the same. We can not predict at both ends. Still there is no assurance of profit both ways.
A day-trader defines as the one who conducts a wide number of short and long trades to capitalize on intraday stock price activity.
So definitely, your friend is a day-trader since he spends a lot of time looking at the market. I'm afraid that someday even though he has a lot of income due to day trading, maybe he might lose his ability to socialize with other people. If he's really into day-trading, try to consult on a programmer and make an AI that's built with his own preferences so he can have time to his friends and family.
Day trading is a great source of income in daily basis however it is time consuming especially now that the market is very volatile. Yes, I agree dealing with market right now might lose your time to socialize people but the thing is we have a corona virus right now that will make you think if it is worth having a conversation to anyone. So I think the need for bot is not necessary now as we are all in our home locked up which makes the gambling more convenient.So definitely, your friend is a day-trader since he spends a lot of time looking at the market. I'm afraid that someday even though he has a lot of income due to day trading, maybe he might lose his ability to socialize with other people. If he's really into day-trading, try to consult on a programmer and make an AI that's built with his own preferences so he can have time to his friends and family.
Using bots to semi-automate our work in trading can be a solution, and I guess that bots can also be used in gambling, but I don't know how to use it.
Bots can automate things like scripts also can.The problem is not how to automate our day trading but the problem is that day trading like gambling is most of the times based on luck so it is impossible to win or be profitable in the long run.You cannot predict outcomes of major central banks meetings which are crucial to forex day trading for example.
So we can say that short term trading or day trading is much better compared to gambling. Since it requires skills to do good in short term trading then with gambling.
It depends on how you see both of them.With regards to risk, gambling is way riskier than day trading. With regards to rewards, gambling can give you more compare to trading.
The only advantage of short term trading that I see is that in day trading, there is a low chance for your initial capital to go to zero if you know how to cut your losses and you know when to enter and exit on the market. In gambling, one single mistake and you will lose it all.
With your question though, I don't see any connections between them I think since I don't see gambling as day trading because they are different.
A day-trader defines as the one who conducts a wide number of short and long trades to capitalize on intraday stock price activity.
So definitely, your friend is a day-trader since he spends a lot of time looking at the market. I'm afraid that someday even though he has a lot of income due to day trading, maybe he might lose his ability to socialize with other people. If he's really into day-trading, try to consult on a programmer and make an AI that's built with his own preferences so he can have time to his friends and family.
Day trading is a great source of income in daily basis however it is time consuming especially now that the market is very volatile. Yes, I agree dealing with market right now might lose your time to socialize people but the thing is we have a corona virus right now that will make you think if it is worth having a conversation to anyone. So I think the need for bot is not necessary now as we are all in our home locked up which makes the gambling more convenient.So definitely, your friend is a day-trader since he spends a lot of time looking at the market. I'm afraid that someday even though he has a lot of income due to day trading, maybe he might lose his ability to socialize with other people. If he's really into day-trading, try to consult on a programmer and make an AI that's built with his own preferences so he can have time to his friends and family.
Using bots to semi-automate our work in trading can be a solution, and I guess that bots can also be used in gambling, but I don't know how to use it.
~it's probably the most profitable industry because gamblers will always come back no matter what is the condition.
Not really!! Gamblers can come back if they have funds to play or they have the intention to play, right? Once they have no money anymore and they may be trapped with loans, it is difficult to expect they come back. Or maybe they have already cured of addiction in gambling and committed to never play gambling anymore. These two conditions can happen anytime for each gambler, and it is really possible. So, don't so easy to judge that "whatever the condition", they will come back!! 
it's probably the most profitable industry because gamblers will always come back no matter what is the condition.
no, though gambling industry is profitable but it's not the most profitable industry in the world since in some countries, gambling is illegal.
here are the list of top 10 most profitable industry in US,
https://www.ibisworld.com/united-states/industry-trends/most-profitable-industries/
as you can see, gambling industry was not even included though in US gambling is legal.
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