Trading doesn't have to be like casinos if you are smart enough, it is more like gambling in the poker ways and less like the casinos if you ask me actually.
In poker games there is a pot to win and if you win it you get all the money minus the rake poker company gets, which is equal to trading fees and basically the same idea, one person wins and one person loses while the casino always makes a profit. However in casino regular games where you play against the house, it is mathematically impossible to keep winning all the time, you will eventually lose the longer you play the bigger chance of you busting out. This is why trading which can be profitable if you are good, is equal to poker type of games which is profitable as well if you know how to play it.
Topic: Gambling is like day trading ? - page 9. (Read 2864 times)
Indeed, it has similarities but the way to gain is totally different. Gambling usually doesnt require skills, if you know the game then you can start to play and in order to win you need to become lucky. However there are some games that if you have a knowledge its an edge to predict who might win (e.g. sports betting).
you answered it well, it does not require skills if you are gambling for fun, but there are games like sports betting where you can get use of your skills to win. Sports betting is a skilled based type of game, anyone can start their journey as a sports bettor as it's like trading where you need to analyze. If you are going to ask me trading and gambling, probably I'm in favor of gambling because the odds there are pretty high if you were choose based on skills game. Not just like trading, you can't predict the market movement.
I don't know anybody who constantly makes money in trading on the stock exchange or in casinos, or at bets! So I think that daytrading and gambling can easily be called similar..
I don't think there is someone who can earn daily in betting or casinos. AFAIK, we don't always win in each attempt in gambling. While in trading, you can earn daily if you don't target too high for profits. On the other side, some gambling games such as dice or slot, require no specific skills since they are luck-based. In trading, especially in day trading, we need specific skills to optimize the chance of profits. You cannot trade with careless skills & no knowledge in trading yet it will lead to losing only. So, how can we conclude they are the same?The conclusions are that day trading and gambling lead to losses! Here everything depends on luck, and nothing else! I'm not comparing trading with sports betting or poker, I'm talking about casino...
Skills can help when trading for weeks or months, but intraday trading is not subject to technical analysis! I'm talking about it because I was losing my money trading intraday!
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I don't know anybody who constantly makes money in trading on the stock exchange or in casinos, or at bets! So I think that daytrading and gambling can easily be called similar..
I don't think there is someone who can earn daily in betting or casinos. AFAIK, we don't always win in each attempt in gambling. While in trading, you can earn daily if you don't target too high for profits. On the other side, some gambling games such as dice or slot, require no specific skills since they are luck-based. In trading, especially in day trading, we need specific skills to optimize the chance of profits. You cannot trade with careless skills & no knowledge in trading yet it will lead to losing only. So, how can we conclude they are the same?If playing Texas HoldEm Poker and other gambling games on Facebook consider as a gambling game, I think some of my friends can earn money. But I don't know how much they can win, and I don't know if they can buy their daily needs or not. But I admitted that it is so difficult to make money from gambling, whether it is online or offline, and not all people can successfully get the win money. Maybe people prefer to do trading as they can have the chance to make money, although that will depend on how the market moves.
Indeed, it has similarities but the way to gain is totally different. Gambling usually doesnt require skills, if you know the game then you can start to play and in order to win you need to become lucky. However there are some games that if you have a knowledge its an edge to predict who might win (e.g. sports betting).
you answered it well, it does not require skills if you are gambling for fun, but there are games like sports betting where you can get use of your skills to win. Sports betting is a skilled based type of game, anyone can start their journey as a sports bettor as it's like trading where you need to analyze. I do not think that gambling and day trading are the same, sure they both involve risk which made it look like that they have a lot of similarities, but if you take a step back and look at the bigger picture gambling doesn't have a money back guarantee, trading on the other hand ensures that you can still get the money back though you have a loss. Another difference is the timeframe of return of investment, in gambling, once the dice stops or the cards are set is also the time when you will get the return or not, unlike day trading, if you bought a stock and the price continues to dump you could either wait for it to get back on track and reap a profit. For me that is enough difference to make me identify one from the other.
Indeed, it has similarities but the way to gain is totally different. Gambling usually doesnt require skills, if you know the game then you can start to play and in order to win you need to become lucky. However there are some games that if you have a knowledge its an edge to predict who might win (e.g. sports betting).In trading its a must to learn first. Having a plan and strategy can maximize your chance to earn for doing it right. It has risk and no assurance if you will gain like gambling but the outcome is in your hands because it depends how you will act on what coins to buy and how much price you will sell plus your time to monitor the market.
I mentioned the term "discipline" because a characteristic of a good gambler and good trader have a discipline. Discipline in what way? In trading we should always have a plan where we should we enter and where we should exit in a trade. The discipline that I want to give focus is following our plan where we should have cut loss very tight to protect our capital especially in day trading. In terms of gambling it is also like that, we should have discipline because it is part of our risk and management. We should know when to quit or when to bet more.
I do not think that gambling and day trading are the same, sure they both involve risk which made it look like that they have a lot of similarities, but if you take a step back and look at the bigger picture gambling doesn't have a money back guarantee, trading on the other hand ensures that you can still get the money back though you have a loss. Another difference is the timeframe of return of investment, in gambling, once the dice stops or the cards are set is also the time when you will get the return or not, unlike day trading, if you bought a stock and the price continues to dump you could either wait for it to get back on track and reap a profit. For me that is enough difference to make me identify one from the other.
Indeed, it has similarities but the way to gain is totally different. Gambling usually doesnt require skills, if you know the game then you can start to play and in order to win you need to become lucky. However there are some games that if you have a knowledge its an edge to predict who might win (e.g. sports betting).In trading its a must to learn first. Having a plan and strategy can maximize your chance to earn for doing it right. It has risk and no assurance if you will gain like gambling but the outcome is in your hands because it depends how you will act on what coins to buy and how much price you will sell plus your time to monitor the market.
How can they bothe have similar logic?
Gambling has house edge and in trading exchanges do not. Both, use different logic, gambling platfor control the outcome and exchange depends on the community who are controlling the outcome of a trade.
They both are completely different entities. Day trading is part of trading which is done on an exchange and exchanges depend on the community of traders. The community decides how a particular asset will perform, you need different set of skills ans logic for that.
Correct me if Im wrong, but there are different kinds of gambling, and yes there are those gambling games like dice and other games that uses an algorithm which usually set on the houses' edge. But, gambling like sports betting does not have an algorithm that can be set in the houses' favor. Sports gambling enables your knowledge and analysis to narrow down the risk of lossing. Same as day trading, you need to set specific strategies and market analysis for you to be able to make a winning trade.
I know people who are day traders and they are living for that but it's the other way around and not in crypto. The comparison of day trading and gambling isn't vague and odd. There's really similarity for both ends but they are entirely unique on their own ways of making strategy.
How you will win your bets and same goes by for your trades.
How you will win your bets and same goes by for your trades.
but if you take a step back and look at the bigger picture gambling doesn't have a money back guarantee, trading on the other hand ensures that you can still get the money back though you have a loss.
The logic is just the same with gambling and that's why you see gamblers taking back their losses and gamble again.How can they bothe have similar logic?
Gambling has house edge and in trading exchanges do not. Both, use different logic, gambling platfor control the outcome and exchange depends on the community who are controlling the outcome of a trade.
They both are completely different entities. Day trading is part of trading which is done on an exchange and exchanges depend on the community of traders. The community decides how a particular asset will perform, you need different set of skills ans logic for that.
I know people who are day traders and they are living for that but it's the other way around and not in crypto. The comparison of day trading and gambling isn't vague and odd. There's really similarity for both ends but they are entirely unique on their own ways of making strategy.
How you will win your bets and same goes by for your trades.
How you will win your bets and same goes by for your trades.
but if you take a step back and look at the bigger picture gambling doesn't have a money back guarantee, trading on the other hand ensures that you can still get the money back though you have a loss.
The logic is just the same with gambling and that's why you see gamblers taking back their losses and gamble again. 
I do not think that gambling and day trading are the same, sure they both involve risk which made it look like that they have a lot of similarities, but if you take a step back and look at the bigger picture gambling doesn't have a money back guarantee, trading on the other hand ensures that you can still get the money back though you have a loss. Another difference is the timeframe of return of investment, in gambling, once the dice stops or the cards are set is also the time when you will get the return or not, unlike day trading, if you bought a stock and the price continues to dump you could either wait for it to get back on track and reap a profit. For me that is enough difference to make me identify one from the other.
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?
I think yes...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?
Daily gambling and trading are betting, betting is a process of doubling money, just the way to double the money and the analysis is different.
I don't know anybody who constantly makes money in trading on the stock exchange or in casinos, or at bets! So I think that daytrading and gambling can easily be called similar..
I don't think there is someone who can earn daily in betting or casinos. AFAIK, we don't always win in each attempt in gambling. While in trading, you can earn daily if you don't target too high for profits. On the other side, some gambling games such as dice or slot, require no specific skills since they are luck-based. In trading, especially in day trading, we need specific skills to optimize the chance of profits. You cannot trade with careless skills & no knowledge in trading yet it will lead to losing only. So, how can we conclude they are the same?situation where trading can be gambling if you dont know on what you are doing but gambling cant really be considered trading.
Theres no such thing about fix profit on gambling in daily basis even lets talk on strategy based gambling.
If you do like to trade or investment then all things should really be studied and you shouldnt do it on random basis or does lack
skills and knowledge yet you do basically doing gambling.
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?
I agreed with you having been in involved in both day trading and gambling, the unpredictable movement of price as per short term trading makes it to be highly risky to earn any tangible profits while gambling is more like a 50:50 chance in long run a gambler might loss whatever profits earned earlier, my best bet is long term trading where the price is stable and predictable. 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 don't know anybody who constantly makes money in trading on the stock exchange or in casinos, or at bets! So I think that daytrading and gambling can easily be called similar..
I don't think there is someone who can earn daily in betting or casinos. AFAIK, we don't always win in each attempt in gambling. While in trading, you can earn daily if you don't target too high for profits. On the other side, some gambling games such as dice or slot, require no specific skills since they are luck-based. In trading, especially in day trading, we need specific skills to optimize the chance of profits. You cannot trade with careless skills & no knowledge in trading yet it will lead to losing only. So, how can we conclude they are the same? 
Result the same. Or maybe do you know traders which living by trading for long time, eh? For honest, i don't know any example. I know traders which selling signals, which selling courses or even creating movies about their life (wolf of wall street). But there noone who would live from their "main" activity.
Trading shitcoins might be completely risky and can end up with losing all your investment. So does gambling as well, it might provide us higher yield of investments or can make us lose everything. I would never argue that all the traders are gamblers, but all the gamblers at one point of time would have been traders indeed... Only a very few of us consider gambling as a form of game or entertainment while majority of them play for immediate profits which are quite risky and can end up losing all over money... So does trading shitcoins go here, either we might end up with high profits in a short span of time or might lose our investment completely with get rich quick scams.
But short-term investment is already different from gambling!
What time you put in meaning "short term investments"? One week?
However, it is still necessary to buy correctly (not on high
), otherwise everything can go on a bad scenario!Buying coins for 1 week in the hope of getting a good profit - it's just like a casino game!
Both needs to learned in order to choose what best platforms will bring you higher chance to earn, though trading if you will be seeking for much deeper there are lots of educational ways to understand and not just to deal with luck, as gambling mostly depends from luck that will be at your side each time you play and bet.
There no "the best platform" to lose your money. And about luck: trading and gambling depends on luck. both. There no difference.
But short-term investment is already different from gambling!
What time you put in meaning "short term investments"? One week?
Don't think so, if you truely understand what goes on behind trading then you won't put both words in the same sentence insulating similarities. The only reason why people compare the two is because most "so called traders"aren't actually traders but gamblers disguising themselves as traders since all they do is gamble on coins that are likely to pump and place their trade.
When it comes to gambling although continuous practice can make you perfect your skills as a gambler, it isn't as effective as that of a traders since in trading practice makes perfect. The two are different and doesn't have any similarities when done In the right manner.
When it comes to gambling although continuous practice can make you perfect your skills as a gambler, it isn't as effective as that of a traders since in trading practice makes perfect. The two are different and doesn't have any similarities when done In the right manner.
Result the same. Or maybe do you know traders which living by trading for long time, eh? For honest, i don't know any example. I know traders which selling signals, which selling courses or even creating movies about their life (wolf of wall street). But there noone who would live from their "main" activity.
Definitely, trading is like gambling but like what some people said, it's not vice versa means gambling can't be trading. Both trading and gambling have risk, trading usually has long term risk since you're waiting for the pump in the market while gambling is just a short term risk which means a situation will occur after betting. Both should be learned but for me, trading is more complex than gambling 'cause you just need to rely on luck sometimes.
Both needs to learned in order to choose what best platforms will bring you higher chance to earn, though trading if you will be seeking for much deeper there are lots of educational ways to understand and not just to deal with luck, as gambling mostly depends from luck that will be at your side each time you play and bet.I don't know anybody who constantly makes money in trading on the stock exchange or in casinos, or at bets! So I think that daytrading and gambling can easily be called similar... But short-term investment is already different from gambling!
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Definitely, trading is like gambling but like what some people said, it's not vice versa means gambling can't be trading.
Don't think so, if you truely understand what goes on behind trading then you won't put both words in the same sentence insulating similarities. The only reason why people compare the two is because most "so called traders"aren't actually traders but gamblers disguising themselves as traders since all they do is gamble on coins that are likely to pump and place their trade.
When it comes to gambling although continuous practice can make you perfect your skills as a gambler, it isn't as effective as that of a traders since in trading practice makes perfect. The two are different and doesn't have any similarities when done In the right manner.
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