Gambling is like day trading ? - page 3.

boyptc

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Quote from: earnadoge on May 15, 2020, 01:55:17 PM

I heard that day traders and scalpers are so effective that they significantly effect the market. Also the mechanics of trading is a little different. Those that are long term holders essentially ride everything out but other go with leverage and can gain or loose alot. In some way if I wanted to gamble significant amounts, like over 10k, I would do it with leveraged trading over normal gambling. Also I've seen youtube videos of gambling strategies used on trading, and it looks good.

That goes and effective for traders but gamblers don't do it the same as traders.

In gambling, there are the multipliers that can also be compared to leverage and I guess every single thing that traders and gamblers do have similarities in process and methods.

DevilSlayer

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Quote from: robelneo on May 16, 2020, 09:28:43 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 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.

It will only be addicted if we emotionally attach to it, I see trading and gambling differently because I do both. In gambling the luck is what we need and only small skills while in trading is improving our skills are what we should focus and not luck. Trading and gambling are only becoming risky if we do not have foundations or prior knowledge on what it is and it is the reason why we should carefully manage the risks.

robelneo

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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 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.

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Quote from: finaleshot2016 on May 15, 2020, 06:03:10 PM

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.

FontSeli

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Quote from: finaleshot2016 on May 15, 2020, 06:03:10 PM

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.

We have many times suggested that he use bots for trading. He has familiar programmers who already have similar bots. He just doesn't trust bots and believes that they can't trade better than him. One good thing is that his time pays off with very good returns.

finaleshot2016

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Quote from: FontSeli on May 15, 2020, 05:56:08 PM

Quote from: johhnyUA on May 15, 2020, 01:18:27 PM

Quote from: FontSeli on May 14, 2020, 06:42:28 PM

He has a huge experience of trading in various markets, about 5 years ago, he started trading here. My friend does nothing else but trade.
I also know two people who lost their families to gambling. One of them used to be my neighbor.

Perhaps this is only in my circle of communication so. Some people may have successful gamblers in their social circle.

Are you sure he is "day trader"? because here we talking about exactly day trading, not some month options or futures trading. It's normal, unlike day trading, because of one fundamental law (and maybe paradox) that it's more easier to predict what will be after 10 years with a market , than what will be after one month. And of course, noone can say for sure what price will be tomorrow. (Paradox, because in many other parts of our life you can predict more precise what will be tomorrow, than what will be with you after 10 years or even month)

Soi still consider day trading as a gambling.

Yes. I am sure that he is also a "day trader". He spends a lot of time in front of his monitors . It is very difficult to lure him to any friendly meeting. And even if he comes, he always has a laptop with which he controls his exchange accounts. I sometimes think that he sleeps with a laptop)
In fact, it trades in different markets and in different ways, but it spends a lot of time on "day trading".

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.

FontSeli

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Quote from: johhnyUA on May 15, 2020, 01:18:27 PM

Quote from: FontSeli on May 14, 2020, 06:42:28 PM

He has a huge experience of trading in various markets, about 5 years ago, he started trading here. My friend does nothing else but trade.
I also know two people who lost their families to gambling. One of them used to be my neighbor.

Perhaps this is only in my circle of communication so. Some people may have successful gamblers in their social circle.

Are you sure he is "day trader"? because here we talking about exactly day trading, not some month options or futures trading. It's normal, unlike day trading, because of one fundamental law (and maybe paradox) that it's more easier to predict what will be after 10 years with a market , than what will be after one month. And of course, noone can say for sure what price will be tomorrow. (Paradox, because in many other parts of our life you can predict more precise what will be tomorrow, than what will be with you after 10 years or even month)

Soi still consider day trading as a gambling.

Yes. I am sure that he is also a "day trader". He spends a lot of time in front of his monitors . It is very difficult to lure him to any friendly meeting. And even if he comes, he always has a laptop with which he controls his exchange accounts. I sometimes think that he sleeps with a laptop)
In fact, it trades in different markets and in different ways, but it spends a lot of time on "day trading".

earnadoge

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I heard that day traders and scalpers are so effective that they significantly effect the market. Also the mechanics of trading is a little different. Those that are long term holders essentially ride everything out but other go with leverage and can gain or loose alot. In some way if I wanted to gamble significant amounts, like over 10k, I would do it with leveraged trading over normal gambling. Also I've seen youtube videos of gambling strategies used on trading, and it looks good.

fiulpro

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Gambling is based on luck and if you have an exceptional mind then yes you can make a program and go about it . I do not think it is even close to day trading since in that you are in the full control plus you can speculate about the market looking at the news and all . But in gambling , you go and you pray you win .

Quote from: StephenJH on May 13, 2020, 03:34:49 PM

Quote from: yazher on May 13, 2020, 12:18:37 PM

Quote from: boyptc on May 13, 2020, 08:55:13 AM

Quote from: greylandm on May 12, 2020, 08:06:41 PM

You're in for emotions and entertainment while gambling. You're in for cash while day-trading. That's the point.

Well, I doubt that most gamblers are just for the entertainment.

It's also attached that most gamblers are in for the profit.

Most of them think that whenever they go to the gambling den or any other places that have the same setting as gambling. They always think that someday their gonna win big time. then the result is you can see them keep coming and coming to that same place with a perspective to win next time. but after next time, nothing has happened and the only thing they get is losing. the entertainment at first became a hobbit and that's when they pay the price. because after that there are only 3 days of winning and 27 days of losing every day if they cannot stop themselves.

Majority of the average gamblers' mind works as you mentioned, they hope and they don't want to give up about the big win bets. The one big shot should cover all losses according to the loser's gambling mind but in reality, things turn differently. Slightly decreasing life conditions and spending life savings on the casinos ruin their life and drain life motivation. In trading, the risks can be controlled and the addiction level is not high as compared to gambling.

I do think it depends on how much you gamble. Honestly speaking never make anything your necessity , make it your luxury . If you can afford to loose some bucks always take the negative outcome in your mind .

Quote from: 3meek on May 15, 2020, 01:59:07 AM

Quote from: Negotiation on May 15, 2020, 12:59:32 AM

In the case of gambling those who are part of their own team are more likely to win No one can easily make a profit by gambling like this That's why I trade from gambling. It is possible to make more profit by trading. Even if there is a loss, the amount of loss can be reduced but in the case of gambling it is never possible You are right that there are many families who have become destitute by gambling. That's why I think it's better to trade short-term every day than our gambling.

If you trade on the margin exchange, then as in gambling you can lose all your money!
By the way, just like in gambling you may become addicted to trading!

Becoming addicted to trading is a rough start because I do think trading is also a very risky sport . One can very easily sleep out and miss the time when they were supposed to change their money into crypo or vise versa.
It is really hard to give something your attention 24*7 .

johhnyUA

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Quote from: FontSeli on May 14, 2020, 06:42:28 PM

He has a huge experience of trading in various markets, about 5 years ago, he started trading here. My friend does nothing else but trade.
I also know two people who lost their families to gambling. One of them used to be my neighbor.

Perhaps this is only in my circle of communication so. Some people may have successful gamblers in their social circle.

Are you sure he is "day trader"? because here we talking about exactly day trading, not some month options or futures trading. It's normal, unlike day trading, because of one fundamental law (and maybe paradox) that it's more easier to predict what will be after 10 years with a market , than what will be after one month. And of course, noone can say for sure what price will be tomorrow. (Paradox, because in many other parts of our life you can predict more precise what will be tomorrow, than what will be with you after 10 years or even month)

Soi still consider day trading as a gambling.

FontSeli

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Quote from: Botnake on May 15, 2020, 06:52:45 AM

Quote from: FontSeli on May 15, 2020, 06:46:24 AM

Quote from: Negotiation on May 15, 2020, 12:59:32 AM

In the case of gambling those who are part of their own team are more likely to win No one can easily make a profit by gambling like this That's why I trade from gambling. It is possible to make more profit by trading. Even if there is a loss, the amount of loss can be reduced but in the case of gambling it is never possible You are right that there are many families who have become destitute by gambling. That's why I think it's better to trade short-term every day than our gambling.

When you talk about "part of their own team" of gambling that you have in mind? I don't quite understand this expression.
Do you mean that in some cases the game may be dishonest and thus they can earn a profit?

I think he is referring to sports betting, where you some kind of fix game happen, you know when you are part of the team, you have a lot of knowledge and you might know some information that are not available publicly, and also you can fix the game if you are betting on it, but in these case does not happen all the time, I mean its very rare and this is illegal.

Wow. I would not consider such options. It is unlikely that any law-abiding people would agree to such a thing. Criminal liability is possible for such manipulations.

I have heard of such manipulations in football, when the team's players placed bets on their loss. This team was then banned from playing in the championship for several years, and the main organizers were put in prison.

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Quote from: FontSeli on May 14, 2020, 05:19:27 PM

Quote from: ethereumhunter on May 14, 2020, 11:57:30 AM

Quote from: FontSeli on May 14, 2020, 06:44:00 AM

Entering the market is absolutely not a problem, especially if you enter such coins as bitcoin, Ethereum, they can restore their price even after strong falls. The whole question is just about waiting time.
In order not to lose a lot of money in gambling, you need to be able to determine for yourself the amount after the loss of which you stop playing.

Yes, but many people cannot wait for some time, and they tend to panic if they see the price drops too far. If they don't know how to trade, then they might be a gamble because they will not see how the chance to pick the right coin. That will like a gamble for me Grin

All the better for those people who know how to trade. I say that the skill in trading is very important. Inexperienced traders at the beginning of a big fall wait a long time and start selling only when the price has fallen very much. At this time, experienced traders take advantage of the situation and buy coins at a much lower price.
And in a game of dice everyone presses the throw button) No one needs the skill there.

The experienced trader will take the benefits from the current situation at the market, but the inexperienced traders will suffer because they don't know how to trade and they don't want to learn about the trade. The dice games will need us to push the button without we need to think about what strategy we use, but for some gambler, they need to arrange the strategy to win.

Quote from: FontSeli on May 14, 2020, 05:19:27 PM

Quote from: cabalism13 on May 14, 2020, 12:34:12 PM

Quote from: ethereumhunter on May 14, 2020, 11:57:30 AM

Yes, but many people cannot wait for some time, and they tend to panic if they see the price drops too far. If they don't know how to trade, then they might be a gamble because they will not see how the chance to pick the right coin. That will like a gamble for me Grin

I think that users aren't really a trader. And doesn't know how digital assets means.

In the crypto market, new people often appear who want to get rich quickly. They do not learn, they do not read, they immediately rush to trade. And they lose their money. Then they go to tell everyone that nothing can be earned in cryptocurrencies.

In the beginning, I also think about getting rich from crypto trading, but unfortunately, I lose some money at that time. Then, I start to learn by searching for information from many sources, and slowly I can start to make a profit. It doesn't matter if the profit is not big than the other because I believe that if we still learn and try, we will have our time to make a profit in trading.

Botnake

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Quote from: FontSeli on May 15, 2020, 06:46:24 AM

Quote from: Negotiation on May 15, 2020, 12:59:32 AM

In the case of gambling those who are part of their own team are more likely to win No one can easily make a profit by gambling like this That's why I trade from gambling. It is possible to make more profit by trading. Even if there is a loss, the amount of loss can be reduced but in the case of gambling it is never possible You are right that there are many families who have become destitute by gambling. That's why I think it's better to trade short-term every day than our gambling.

When you talk about "part of their own team" of gambling that you have in mind? I don't quite understand this expression.
Do you mean that in some cases the game may be dishonest and thus they can earn a profit?

I think he is referring to sports betting, where you some kind of fix game happen, you know when you are part of the team, you have a lot of knowledge and you might know some information that are not available publicly, and also you can fix the game if you are betting on it, but in these case does not happen all the time, I mean its very rare and this is illegal.

FontSeli

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Quote from: Negotiation on May 15, 2020, 12:59:32 AM

In the case of gambling those who are part of their own team are more likely to win No one can easily make a profit by gambling like this That's why I trade from gambling. It is possible to make more profit by trading. Even if there is a loss, the amount of loss can be reduced but in the case of gambling it is never possible You are right that there are many families who have become destitute by gambling. That's why I think it's better to trade short-term every day than our gambling.

When you talk about "part of their own team" of gambling that you have in mind? I don't quite understand this expression.
Do you mean that in some cases the game may be dishonest and thus they can earn a profit?

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Quote from: 3meek on May 15, 2020, 01:59:07 AM

Quote from: Negotiation on May 15, 2020, 12:59:32 AM

In the case of gambling those who are part of their own team are more likely to win No one can easily make a profit by gambling like this That's why I trade from gambling. It is possible to make more profit by trading. Even if there is a loss, the amount of loss can be reduced but in the case of gambling it is never possible You are right that there are many families who have become destitute by gambling. That's why I think it's better to trade short-term every day than our gambling.

If you trade on the margin exchange, then as in gambling you can lose all your money!
By the way, just like in gambling you may become addicted to trading!

That is possible but honestly, I haven't seen a lot of cases where people got addicted in trading because trading is not really fun.
compared to gambling, we are addicted because we are challenge and we are enjoying at the same time due to the nature of the game which is entertaining.

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Quote from: Negotiation on May 15, 2020, 12:59:32 AM

In the case of gambling those who are part of their own team are more likely to win No one can easily make a profit by gambling like this That's why I trade from gambling. It is possible to make more profit by trading. Even if there is a loss, the amount of loss can be reduced but in the case of gambling it is never possible You are right that there are many families who have become destitute by gambling. That's why I think it's better to trade short-term every day than our gambling.

If you trade on the margin exchange, then as in gambling you can lose all your money!
By the way, just like in gambling you may become addicted to trading!

Negotiation

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In the case of gambling those who are part of their own team are more likely to win No one can easily make a profit by gambling like this That's why I trade from gambling. It is possible to make more profit by trading. Even if there is a loss, the amount of loss can be reduced but in the case of gambling it is never possible You are right that there are many families who have become destitute by gambling. That's why I think it's better to trade short-term every day than our gambling.

FontSeli

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Quote from: johhnyUA on May 14, 2020, 06:32:44 PM

Quote from: FontSeli on May 09, 2020, 02:59:29 AM

Personally, I know several fairly experienced and successful traders who make a living trading. But I do not know of any avid gambler who would profit from a long distance. All of them constantly lose their money. I don't count poker here.

Really? I don't know anyone, who only trading. Most people besides trading, also doing something else, like selling signals, courses of trading, insides and so on

And yeah, situation with gamblers is worse. Even with poker players (except those selling poker courses Grin

). So i considering this two professions enough close

Really. My friend introduced me to cryptocurrencies. I've known him for more than 20 years. He has a huge experience of trading in various markets, about 5 years ago, he started trading here. My friend does nothing else but trade.
I also know two people who lost their families to gambling. One of them used to be my neighbor.

Perhaps this is only in my circle of communication so. Some people may have successful gamblers in their social circle.

johhnyUA

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Quote from: FontSeli on May 09, 2020, 02:59:29 AM

Personally, I know several fairly experienced and successful traders who make a living trading. But I do not know of any avid gambler who would profit from a long distance. All of them constantly lose their money. I don't count poker here.

Really? I don't know anyone, who only trading. Most people besides trading, also doing something else, like selling signals, courses of trading, insides and so on

And yeah, situation with gamblers is worse. Even with poker players (except those selling poker courses Grin

). So i considering this two professions enough close

FontSeli

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Quote from: cabalism13 on May 14, 2020, 05:34:10 PM

Yeah, it really sucks to be them,...
I remember last week, though it wasn't all about trading but investments in general, there was a group that is full of noobs, speaking as if they're true professionals in crypto, but you'll see that they're just spamming nonsense lies.

Experienced traders rarely write about their success. Even less often, they write about their strategies. Only noobs like to write about their fictional success in trading.

Quote from: cabalism13 on May 14, 2020, 05:34:10 PM

Anyways, In my case for being a noob back on that days, I did only try to invest a little and learn how it works then finally I found the way to make money, though youtube has a point on giving me some info 😂

I also read about cryptocurrencies for a very long time, studied the technology, and learned the theory of investing and trading before placing my first Deposit. And now, a few years later, I still can't call myself an experienced trader.

Topic: Gambling is like day trading ? - page 3. (Read 2855 times)