Gambling is like day trading ? - page 20.

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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?

We can consider that day trading is really like a gambling because they treating you are getting your money in order to gain more than just like trading you're talking and corn in order for you to learn the best ways like in gambling you are some everytime or every day in order to satisfy your needs so that it would probably consider just like a day trading in which you are betting everyday.

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

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.

True they are both different and not to be linked together but you can lose all in both gambling and trading. The difference here then is managing the losses. In other words, I have heard about an experienced trader but I don't know if any body is ascribed as "experienced" gambler Grin

Trading lately has become very popular and many books, audios and lesson classes for learning trading but that also I don't know of gambling. Gambling is an old trade but I don't if one is called professional gambler because there are no defined variables to study in being better with gambling but trading has, the fundamental and TA are helpful for trading.

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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?

Well, gambling and trading are somehow related because you may not assure yourself that you may win the game, especially those gambling that will only rely on the luck of the gamblers, that kind of gambling site or casino gambling are really hard to win, it is better to play a gambling that will require you to use your skill and technique to win the game. Trading is much better than gambling because if you have knowledge about it, or you are really familiar with the basics techniques of trading then you may earn from it.

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

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.

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.

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

I don't think so, because there are still some gambling websites or casino gambling that you may use your skills and techniques to win the game, just like what we are doing in trading to earn from it. So I think both gambling and trading are somehow related because you may use your skills and techniques to win the game and you will surely be lost if you have not enough knowledge on it.

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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.

Absolutely correct Gambling and trading are both different entities. With Gambling you are entertaining yourself whereas with trading you are trying to make money using your skills. I do not see making money happening with gambling and if someone believes that it is possible then that person would need professional help.

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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?

Take some correction OP, Gambling isn't technically like trading, it's only like trading when you gamble with your trades (that's you pick random projects to trade with the hopes of it been profitable simply depending or relying on the luck factor as we do most times when gambling), that's the only time we can relate gambling and trading together. When you have equipped yourself with the necessary tools and skills needed to succeed as a trader then you'll understand the two industry aren't alike.

While a trader can duplicate his success multiple times and still be taught to other which if they follow his guidance are likely to receive similar or exact outcome, that can't be said about gambling as no two games are the same. People who think trading is like gambling end up quiting as the rate at which they lose discourages them to continue. Their early beginning might be profitable as that's just beginners luck although the deeper they go, the more they understand the difference between the two industry.

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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 .

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Quote from: philanthropist67 on March 16, 2020, 11:37:45 AM

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.

This is somewhat debatable because trading does not some knowledge and skills to be able to make money. Now if you are talking about spot trading then these points apply. Again in options and futures you are literally gambling on the prices and placings bets for your predictions.

While the whole point is to make money you can see that long term holding is like a bank deposit getting interest when you sell your held stock. So that is a safer but less rewarding method.

Hence It can be considered as both a skill based speculation and a gambling method.

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You have a point there, trading is a sort of gambling that you also risking your money in a short period of time.
But trading is required technical analysis just like sports betting and poker that need to analyze per game. However, there are various kinds of gamblings that you cant compare to base skills gambling, just like dice and roulette they are base on luck game that had a difference to trading activity. Nevertheless, gambling has a feature of fun activity whereas trading is a focus on earning 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?

When it comes to the risk we are taking , you can say both are similar . If you consider other factors , then it is not .
If you gamble , all the things are dependent on only you , you win -> You feel like you should win more -> you bet more . You lose -> you feel like you should recover -> you bet more , or if you are a good gambler you can stop after you feel its unlucky day for you .
Whereas in trading it is not the case , it depends on not only you but on the decisions taken by the masses . The only thing similar? wagering more or stopping .

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Risking your money is a gamble and that's why you are considering that day trading is like that because you just can't be sure what will be the result of it unless you're very reliable and knowledgeable in reading the charts.

And the same goes for the gambling that we know. Example, you are in sports betting and you have the strategy that you have been using and it's very effective because you profit most of the time, the risk that you're accepting is like the trading risk that you have also whenever you trade but, you have the advantage because you have a game plan.

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

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?

I think gambling and trading is different but you see from time frame, that is not objective because you must see from all side in complete form. Gambler can get profit consistent and some of them live from gambling, need time and hard work but reality they are exist. The problem is about addicted, use gambling for fun only and make good plan with limit, start gambling with the right mindset if can't never touch it.

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There are similarities as there are also differences but I think there more of the latter than the former. Both are the same in that both have risks. Both are the same in a way because both will give you results that you are not certain of. However, we also have to take note that when it comes to gambling there are just too many kinds of gambling games out there. Sports betting cannot be categorized with other gambling games such as dice and roulette in the same manner that poker cannot be categorized with lottery or slots.

I guess day trading is more like comparable to sports betting because you will need an analysis in both, an extensive one, so that your prediction will become more probable than without 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?

The hold for the coin is not the same as gambling as long as you can hold the right coin, even if the price is down like bitcoin price that we already saw today. If you can feel okay for holding the coin and you can accept the price, then it is not the same as gambling.

The addiction is one thing that the gamblers should avoid, and one thing that they need to do has control for themselves, so they don't have to afraid of addicting.

If we talk about the profit from gambling, I am sure that some gamblers can take the profit, but unfortunately, we don't know who they are.

Sadlife

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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.

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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.

It depends on what gambling type you are pointing but in general, it's not appropriate to compare gambling and day trading due to the fact that they have different factors looked at in order to win.

In day trades, you have the control on where to in and out so making a strategy is a must. You are playing with the price volatility here so you are against the whole traders - means the whole market. Unlike in gambling, you are dealing with the house that even you apply strategy it's useless. For sports betting, you will place your bet prior start of the game. You won't be to control the phase but you have the ability to make an analysis that can increase your winning chance rate.

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

Are there gamblers here who are in profit overall?

Yes, there is. You might not see it as it's not necessary after all to post winning stats here.

Bottom line, either day trades or gambling, it's risky to deal with these without any knowledge.

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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 many similarities. Both in day trading and in gambling, people are guided by excitement, the desire to earn money. And there and there very much depends not only on knowledge and experience but also on luck. This is what makes them very similar.

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

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.

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

philanthropist67

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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.

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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?

The nature of gambling and trading may seem to be similar but it is not true, if you have abilities as a trader you can take trades that have a higher probability of being profitable, you just have to wait for them to appear on the charts while you cannot change at all the odds of the gambling games you play.

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?

When it comes to gambling there are a few professional gamblers out there that can make money but most of them do it in games where you need to play against others like poker, the rest are on the losing side but that is not a big deal if your goal is just to have some fun.

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Quote from: Mahanton on March 16, 2020, 05:34:57 AM

Gambling is for entertainment and Trading is for long term investment they would never be the same.

Day trading is for the short term though, investing is not equal to trading.

Quote from: Mahanton on March 16, 2020, 05:34:57 AM

The time on when trading can be considered as gamble if you do just simply trade up without any analysis or basis regarding into your buying or selling position.

This is the illusion of "calculated risk" when you perform TA. Even if you are an expert on TA, you cannot have 100% confidence in your prediction. You essentially "gamble" with the unknown. However, it's different than the pure "game of chance" when the results is solely based on the algorithm. The win chances and multipliers are fixed, wherein trading, it varies.

Quote from: Mahanton on March 16, 2020, 05:34:57 AM

I highly believe that there are more successful traders rather than successful gamblers.What you think?

I'm afraid we can only guessing since no research about this issue AFAIK. However, from what I read, human traders are now obsolete, replaced by AI.

https://www.youtube.com/watch?v=THpXovjy7Bc

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