Gambling is like day trading ? - page 7.

panjul07

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Quote from: JoMarrah Iarim Dan on May 06, 2020, 09:01:37 AM

Quote from: Naida_BR on May 04, 2020, 01:43:38 AM

If you gamble everyday then there is not any difference between gambling and day trading.
You have to pose a strategy and you have to have in mind the price of the crypto that you are betting in order to maximize profits and minimize losses. The same concept happens with day trading so there is not any difference at all.

Both were risky. But I think day trading has a higher potential of earning money than gambling. Most games in gambling does not require a player to become skillful in order to earn, so it will jist be a luck. But if we become really good at day trading, we can really earn some profits small or high.

Both are completely different, they cant be compared as they are not apple to apple comparison. Gambling = pure luck while trading requires some technical analysis and knowledge.
Trading can be a gambling only if people do it blindly. Just guessing without any proper analysis and knowledge.

Nalbo

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Gambling is a vague genre and Day trading may be considered a type of gambling as it depends on small fluctuations in price rather than a trend or analysis. Though market sentiments would have a benefit while day trading but you can't be so sure about the result.
If sports betting could be considered a gambling, day trading should be too.

palle11

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Quote from: Naida_BR on May 04, 2020, 01:43:38 AM

If you gamble everyday then there is not any difference between gambling and day trading.
You have to pose a strategy and you have to have in mind the price of the crypto that you are betting in order to maximize profits and minimize losses. The same concept happens with day trading so there is not any difference at all.

Not the same . You will not compare trading to gambling. Trading to me is a more professional and respected business activity than gambling. Gambling has been looked down on, it has been seen as unprofessional and not worthy to go in for. You can learn trading in a professional way but gambling can be understood by just watching and observing.

About the real money making, trading involves technical , it is professional and not based on luck but gambling is based on luck.

JoMarrah Iarim Dan

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Quote from: Naida_BR on May 04, 2020, 01:43:38 AM

If you gamble everyday then there is not any difference between gambling and day trading.
You have to pose a strategy and you have to have in mind the price of the crypto that you are betting in order to maximize profits and minimize losses. The same concept happens with day trading so there is not any difference at all.

Both were risky. But I think day trading has a higher potential of earning money than gambling. Most games in gambling does not require a player to become skillful in order to earn, so it will jist be a luck. But if we become really good at day trading, we can really earn some profits small or high.

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Quote from: FontSeli on May 06, 2020, 07:39:12 AM

Quote from: DevilSlayer on May 05, 2020, 09:28:25 PM

I'm a momentum/scalp trader where I do day trading, the gambling and the day trading are both different to each other especially the skills that you need but both requires a good management skills in order to lessen losses and handle unforeseen scenarios. In day trading I using intraday charts like 3 minutes, 5 minutes and 1 hour. I scalp where I earn 10% above everyday but there are times that I experience losses. In gambling my win rate is very low because my skills are not yet properly trained.

You don't need much skill in gambling. It probably needs more luck than skill. You also need to learn to stay calm in any situation. This is really important.

Skills are very much needed in gambling! For example, in poker or betting on sports! Without skills you will lose 100% of your money!
You don't need skills in slot machines or dice...

FontSeli

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Quote from: DevilSlayer on May 05, 2020, 09:28:25 PM

I'm a momentum/scalp trader where I do day trading, the gambling and the day trading are both different to each other especially the skills that you need but both requires a good management skills in order to lessen losses and handle unforeseen scenarios. In day trading I using intraday charts like 3 minutes, 5 minutes and 1 hour. I scalp where I earn 10% above everyday but there are times that I experience losses. In gambling my win rate is very low because my skills are not yet properly trained.

You don't need much skill in gambling. It probably needs more luck than skill. You also need to learn to stay calm in any situation. This is really important.

DevilSlayer

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I'm a momentum/scalp trader where I do day trading, the gambling and the day trading are both different to each other especially the skills that you need but both requires a good management skills in order to lessen losses and handle unforeseen scenarios. In day trading I using intraday charts like 3 minutes, 5 minutes and 1 hour. I scalp where I earn 10% above everyday but there are times that I experience losses. In gambling my win rate is very low because my skills are not yet properly trained.

FontSeli

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Quote from: Yaunfitda on May 04, 2020, 05:39:31 AM

Quote from: FontSeli on May 04, 2020, 04:47:51 AM

Quote from: michellee on May 04, 2020, 01:19:40 AM

It seems, many traders or gamblers underestimate how the feeling works so that makes them emotional, especially when the market is increasing so the traders will have a big passion for following the price. That will happen too with the gamblers who can win some rounds so that will makes them excited to bet more and more. But if gamblers play gambling every day, that will be the same as day trading, but he still doesn't know how big the percentage to win the games.

I rarely played in any gambling casino games. However, no matter how much I won I never had a desire to increase the size of the next bet. Perhaps because I saw gambling as a way to have a good time, not as a way to make money.
With cryptocurrency trading, everything is different, I trade in order to earn money. And that's the big difference for me.

Or perhaps you really don't like gambling per se, the risk-reward ratio is not for you and that is a good thing. But for some they can't really get off the hook once they started to gamble.

As for crypto currency trading, yes there is a risk as well, but you have total control of it. Unlike in gambling where everything is based on pure luck. But in trading, you have ways to mitigate your loss.

It's simple. Gambling is usually played with a house. In order for casino to make a profit it must win more money than lose. And in this case, the ratio is not in favor of the players.
When trading, the exchange is not interested in your losses. You trade with the same people as you, the exchange only takes commissions.

Quote from: michellee on May 05, 2020, 01:39:38 AM

I already tried to what you did, and so far, I know that gambling is not a way to make money and for me, I want to enjoy playing gambling games. I don't try to use big money or increase the amount of money for the next bet because that can make me sad if somehow I lose, and I cannot enjoy the game.
Yes, we have a similar think about trading which we use trading as a way to earn money.

So I only gamble for fun. And it is very expensive for me Cheesy

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Quote from: FontSeli on May 04, 2020, 04:47:51 AM

I rarely played in any gambling casino games. However, no matter how much I won I never had a desire to increase the size of the next bet. Perhaps because I saw gambling as a way to have a good time, not as a way to make money.
With cryptocurrency trading, everything is different, I trade in order to earn money. And that's the big difference for me.

I already tried to what you did, and so far, I know that gambling is not a way to make money and for me, I want to enjoy playing gambling games. I don't try to use big money or increase the amount of money for the next bet because that can make me sad if somehow I lose, and I cannot enjoy the game.
Yes, we have a similar think about trading which we use trading as a way to earn money.

Debonaire217

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It's really hard to compare especially knowing the difference in umbrella category of both trading and gambling. Trading is a form of investment and Gambling for me is not. both can provide profits by taking risk but the significant risk from trading is really low compared to gambling when most of the time, the chance for profit is 50/50. Trading perhaps, provide clues on whether you will earn a profit or not. And I think for newbies, there is nothing wrong by partaking on both of these platforms at it takes allot of losses in order to learn how to control winning here. It is just that, no matter how often you gamble, you are still unsure for every time you play if you will win or not. You're just doing it because you want the satisfaction it can give by winning.

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Quote from: FontSeli on May 04, 2020, 04:47:51 AM

Quote from: michellee on May 04, 2020, 01:19:40 AM

It seems, many traders or gamblers underestimate how the feeling works so that makes them emotional, especially when the market is increasing so the traders will have a big passion for following the price. That will happen too with the gamblers who can win some rounds so that will makes them excited to bet more and more. But if gamblers play gambling every day, that will be the same as day trading, but he still doesn't know how big the percentage to win the games.

I rarely played in any gambling casino games. However, no matter how much I won I never had a desire to increase the size of the next bet. Perhaps because I saw gambling as a way to have a good time, not as a way to make money.
With cryptocurrency trading, everything is different, I trade in order to earn money. And that's the big difference for me.

Or perhaps you really don't like gambling per se, the risk-reward ratio is not for you and that is a good thing. But for some they can't really get off the hook once they started to gamble.

As for crypto currency trading, yes there is a risk as well, but you have total control of it. Unlike in gambling where everything is based on pure luck. But in trading, you have ways to mitigate your loss.

Japinat

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Quote from: FontSeli on May 04, 2020, 04:47:51 AM

Quote from: michellee on May 04, 2020, 01:19:40 AM

It seems, many traders or gamblers underestimate how the feeling works so that makes them emotional, especially when the market is increasing so the traders will have a big passion for following the price. That will happen too with the gamblers who can win some rounds so that will makes them excited to bet more and more. But if gamblers play gambling every day, that will be the same as day trading, but he still doesn't know how big the percentage to win the games.

I rarely played in any gambling casino games. However, no matter how much I won I never had a desire to increase the size of the next bet. Perhaps because I saw gambling as a way to have a good time, not as a way to make money.
With cryptocurrency trading, everything is different, I trade in order to earn money. And that's the big difference for me.

That's a nice way of gambling, you stay with your strategy and you don't get your emotion involved in decision making.
A gambler would be successful if his strategy is good and he also has the skills to implement it effective, meaning, he is in control of his emotion.

In your experience, you rarely play and you stick with your betting strategy, I would say that is good, you'll be far from losing a big amount of money.

FontSeli

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Quote from: michellee on May 04, 2020, 01:19:40 AM

It seems, many traders or gamblers underestimate how the feeling works so that makes them emotional, especially when the market is increasing so the traders will have a big passion for following the price. That will happen too with the gamblers who can win some rounds so that will makes them excited to bet more and more. But if gamblers play gambling every day, that will be the same as day trading, but he still doesn't know how big the percentage to win the games.

I rarely played in any gambling casino games. However, no matter how much I won I never had a desire to increase the size of the next bet. Perhaps because I saw gambling as a way to have a good time, not as a way to make money.
With cryptocurrency trading, everything is different, I trade in order to earn money. And that's the big difference for me.

akirasendo17

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for me this is different in many ways here is why

Day to day trading
1. in day to day trading you can choose which one has the higher chance to get profit
2. Less pressure and can be monitor
3. control loses
4. you can pull your trade if suddenly you feel its not okay, since you can cancel it

Gambling
1. gambling unsure if you can win with your bets since there are lots of possibilities or combination.
2. once bet you can't stop the deal
3. higher chance of loosing, yes it has big return if you win, but in gambling more loses than wins, so you don't actually win the next day because its your
money loss last time.

This are just few but there are lot more that make both different.

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Quote from: culuuton on May 04, 2020, 01:51:04 AM

Both gambling and day trading are high risk for newbies, but it is not accurate to compare gambling with day trading. You will definitely lose gambling if you play every day but day trading depends on your ability and experience. For experienced people, they will earn more benefits and minimize the risk, it isn't entirely lucky.

Not just for newbies but for everyone. Even the expert in trading and gambling still feel the risk and you might misunderstand that it's easy for them to do that without taking caution of the risk.

High risk for both ends and there's fear whenever you do that. But if you get used to it and you're not leaning to your emotion anymore, that high risk can be set aside.

culuuton

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Both gambling and day trading are high risk for newbies, but it is not accurate to compare gambling with day trading. You will definitely lose gambling if you play every day but day trading depends on your ability and experience. For experienced people, they will earn more benefits and minimize the risk, it isn't entirely lucky.

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To be honest I don't like any kind of comparisons between gambling and trading.
For me these are two totaly different categories and I don't agree that gambling is like day trading. Sometimes people like to make things more simple than they really are and forget about knowledge, skills and experience that are really important for any kind of trading.
If you gamble every day that you are attached to casino every day and if you are day trader you need to be president in the market every day but there all similarities stop.

Naida_BR

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If you gamble everyday then there is not any difference between gambling and day trading.
You have to pose a strategy and you have to have in mind the price of the crypto that you are betting in order to maximize profits and minimize losses. The same concept happens with day trading so there is not any difference at all.

michellee

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It seems, many traders or gamblers underestimate how the feeling works so that makes them emotional, especially when the market is increasing so the traders will have a big passion for following the price. That will happen too with the gamblers who can win some rounds so that will makes them excited to bet more and more. But if gamblers play gambling every day, that will be the same as day trading, but he still doesn't know how big the percentage to win the games.

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Quote from: JohnBitCo on May 03, 2020, 02:06:33 AM

Quote from: Janation on May 03, 2020, 01:53:04 AM

Quote from: Nissan-GTR on April 23, 2020, 10:09:36 PM

I do not think that gambling is like trading, sure they are similar with risk but that is the only similarities they have, the big difference is that day trading has a return of investment while gambling obviously do not have.

I agree with you but it is not the return of investment.

It is not that we always lose in gambling, we do, in the short run. In the long run, it is either we are getting back our money or we are just losing. Mostly we lose in the long run. In terms of return of investment, we can't always do that in day trading since we can lose there. There is a higher risk of losing in day trading since with the fast-changing market, we don't know what will happen.

From your point of view, we lose in gambling and trading both in the long term and short term. This may be true for gambling but i do not agree that day traders will be on the losing side. Also note that those who are day traders, they only do day trading with certain portion of their money and they also do regular trading which gives them steady profit also.

But we are just talking about day trading and gambling, right?

Obviously I am also considering those people that are doing trading and not only day trading, but since we are talking only about day trading, then obviously, they have a higher possibility of losing. The fact that you said that they are only doing this with a small portion of their money means they know it is risky, isn't it?

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