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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?

You got some points but they are entirely different when it comes to risk level.Gambling is for entertainment and Trading is for long term investment they would never be the same.

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.They do differ when you play or trade
smart and wisely.

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

There are actually some gamblers who do make money but most of the time or the ration is heavily obvious in talks of lossers than winners.

What do you mean? Because in day trading, I actually oppose the idea of playing with fire though there is a risk in losing fund because that is still an investment. But the case here is day trading is quite safer than long term hodling IMO, why? because day trading allows you to see the market every time and you will not miss out the opportunity to sell when you already see the profit. And comparing that to gambling, I don't think there is a seasonal time where you could lose allot or win. The reason is because in gambling, there is no assurance and your winnings will depend in your luck.

However, there are some sites that provide the chances of winnings or the odds for you to consider playing.

Let's take this as an example:


Even though they've provided the odds of winning, there is no assurance that their system is really following a standard for randomizing numbers.

Meaning, betting will be based from your luck and not seasonal.

Day trading is based on personal opinion, on how the market works. On this sense, some factors can easily be seen that could affect the market, such as what are the prospects of the coin, what are the possible factors that could affect it and the like. It could be clearly seen but it honestly depents on the person himself on whether he could actually determine the future movement of the market depending on the factors. As for gambling, its kind of the same but different as well. On games, there 's always a random algorithm followed which makes the game truly random in of itself, thereby giving you no chance to actually formulate a strategy for it. As for gambling on games, well, those gives you clear odds regarding each team, depending on their performance and such but it isn't that rare for a black horse to suddenly come out and completely reverse the odds given.

Ahmm, probably it can be. If we're going to consider the risk of doing both (gambling and day trading) because day trading requires a lot of fundamental and it's hard to do it without the proper knowledge, while in gambling it just all based on luck. Both risky to play, you know...

Pretty much, there is.

I'm in quite lucky last week and earned some good amount on it.

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

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.

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

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.


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.

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.

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.

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.

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.


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.

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.

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.

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.

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.

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.

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 .

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.

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.

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  . 

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.

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.

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.

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.

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  ;D

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.

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.

Day trading or trading in general will be like gambling if you don't know how to trade.

This is what is happening to most of the traders out there. They started trading like they were pro investing many money on it and they end up losing all of their money. They've gambled their money thru trading because they have no planned strategies or anything at all just like gambling. Trading isn't game of luck. It is game of strategies unlike gambling which is a game of luck. If you have strategies in your pocket, you can succeed in trading but in gambling if even you have 100000 strategies if you aren't lucky then you will not win.

Now is gambling like day trading?? For most newbie traders probably yes but for the pro traders out there, it isn't and there is a differences in the two.

Day trading is you gamble with the price movement, it could be similar when it comes to taking a risk but not the same.
Mind you also that in gambling, there are two types, skilled based gambling and luck based gambling where you rely on luck only as no strategy that could help you to win consistently, in day trading you can impose an strategy, you can treat it like skilled based gambling, e.g sports betting.

Well, day trading is quite risky. You have to know what you are doing to thrive in it, or simply develop a strategy that works for you. If you spend alot of time learning to day trade but you're still not profitable in real trade, then day trading is probably not your thing. You could try other type of trading, like weekly trading, long-term/holding etc. Always remember to trade what you can afford to lose.
Regarding typical betting or gambling, I have seen few who claim they earn consistently from it... whether it is true or not, I don't know. Some skill-based betting could actually be profitable, I guess.

The longer you play, the more likely you will lose. This is a mathematical rule and it will not change until there is house edge. I think that only by playing the lottery and being lucky by winning, in the long run can we be on plus. House edge is a "tax" that we pay for our fun. Addicted people who lose control over their finances have worse..

Day trading is safe than gambling because of some particular reason and that is the necessary knowledge to do it. Day trading is not for everyone, One should know that, in order to start day trading, you should know what to do. Unlike gambling, you can start right away as soon as you create your account that's why it's so addicted. You can rid of gambling addiction when you wanted to do it and you also need to stay out of it after you successfully leave it for good.

trading is some kind of gambling, in my opinion...

trading also has trading bot as well...

Well I think you could say that they are similar to each other no matter what we say.
For example there are traders who enters the market without a proper knowledge and picks a random crypto that is like gambling depending on luck.
And when it comes to skills,analyzing and experience both fields required it in order to be successful.
We have some gambling games that require those skills like sports betting and card games like poker.

Those luck based games are those that house a house edge, and its true that we can never beat the house and that is not comparable to trading since in trading its like using your skills to gamble and be profitable, you can't do that in games with house edge.

Poker and sports betting, these are popular gambling games where there are people who are successful, so this is more comparable to day trading.

I don't believe that gambling is like day trading.
Gambling relies mostly on luck while day trading needs some knowledge and personal skills in order to do your technical analysis and interpret it in order to take the correct decision.

Better yet, "using your skills to day trade & be profitable"... that is assuming you don't trade with amount you can't afford to lose. If your trading skills isn't working for you, and you are trading frequently with risky amount, it's likely that you are gambling.
In regards to poker and sports betting, do you know anyone who is consistently profitable in both? I do not doubt that though, as long as skills are concerned.

In terms of winning and losing I think it's the same with gambling a lot of people lose and only a few are the real winners. You should ask tyki if you're looking for someone who's making money from gambling I remember he had an ama thread .

Afaik gambling sites wouldn't allow you to withdraw balance from faucets back then others could get away with it but now they're very strict.

Exactly! Experience is important in poker and betting, just as in daytrading. Of course, luck is needed in all three options, but without experience and knowledge, it is unlikely to succeed. Of course, daytrading can only be based on luck and, for example, you can toss a coin if the price will go up or down, but this is not what trading is about.

nc explanation  . skill based gambling can be more comparable to trading but there are still house edge on those games but on trading there isnt known house right ?  only trading fees tho  so both are still close to each other although trading is more favored by serious business minded person while gambling is favored by general audience or people on any ages that are goal is to pass the time  ( have fun or have profit  )   . this is the edge that we must look for so that we can deicide if which activity is suitable for us .

Trading is different from gambling because in Trading we must learn first before buying currency and also we need to make profit.
In gambling we must only Enjoy either winning or losing the important part is the happiness and for me only Stupid people make a living in gambling because this is not the way it must be,not like in Daytrading this can be a bread and butter if we will Study first and don't just invest as Noob.

Yes, day trading is very similar to gambling, and I personally know a guy who is addicted to trading, and overall he is in big loss. Some people say, in order to trade successfully you must know what you are doing, but I think it's an impossible task.  Unpredictable things happen all the time on the market, and, just like in gambling, you can earn big and you can lose big, depending on how events are unfolding and on the amount you are willing to risk.

Well, they are surely alike because short time trading and gambling is hard and full of risk that takes a lot of effort and experience but, for me, Gambling is much more risky because, your only weapon in gambling is your luck considering the odds that might take your money instantly or the opposite. Unlike in trading, you can't base your decisions in valuable data that is a key aspect in trading.

The answer is No. If your day trades is losing then, it's gonna turn into long term one LOL. You only lose if you close the trade, as long as you are not closing it, it still not consider as a lose. Gambling is 50/50 chance but the trading(day trading or long term trading), have a more chance of winning as long as you know what you are doing, don't close trade if it is losing and set a stop-loss to minimize the lose, those steps will improve your chance of winning in trading. Day trading is claiming the profit within the day but if it losing trade then, just wait to pump and claim the profit again. Just set a stop-loss when you trade doesn't go as planned.

Maybe because results varies in time, when you play gambling, the results are uncertain the same with trading. Everyday is another day, each day requires a reflection on what you will do for today, in other words, planning. If you experience losses in a day then study and learn from that mistakes so that you will minimize the money that you've wasted. This advice is applicable both in gambling and trading, you should always reflect on the things that you've done and learn how to manage your money. You need to make sure that you're getting more productive each day so that you will become an effective gambler or trader.

Gambling is not a day trading because the lesson between gambling and trading will not be the same. But both gambling and trading will have the same risk, which is you can lose your money if you cannot get the right time to make money. But the risk in gambling will be bigger if the game is based on luck because you will depend on the luck to win. In trading, you can make a profit if you can analyze the market so you can know where the market will move, and you will see what you need to do. Both gamblers and traders can make a profit, but only some gamblers who can win the games because they can get lucky at the right time.

Considering the eyes of amateurs and not being clear about these two areas, the similarity between the two areas will be relatively high but once we are a trader then we turn to gambling and vice versa, we feel more deeply about the difference of both. Exactly as you said, the loss from trading days only comes true when we end with dumping, otherwise, time may bring recovery while gambling can only propel us to one of two immediate win and lose options, especially our skills do not use effectively here, there is not much information to analyze while trading will provide a full range.

Daily trading is indeed quite risky but we must understand very well about the movements of the coins we trade and a fairly strong analysis and stop-loss must also be prepared when the decline occurs, a slight decrease will also be a loss.

Gambling is only 2 choices win and lose one more if you are lucky then I think trading and gambling indeed we should have a basis so that it is not wrong in applying the strategy, but I'm sure here will be happy to gamble more because it's fun and also if you test your strategy and not greedy in every win.

They are a bit the same if we would talk about risk being involved. But I would say, Trading is more like gambling. Choosing good cryptos is like a gamble because, not all cryptos at this moment are showing signs of recovery and if the situation will continue, some coins would 'die' in the exchanges. But I would also add that gambling is more risky, I think. Gambling is more certain of losing since it is more of a pure-luck activity while on trading, deep analysis would result to a win, but still risk exist to both methods of earning profit.
I would agree to the 'period' of trading. There are times in which trading is really profitable especially when the market price suddenly increase, and it does depend on the market situation. In gambling, there's no such thing, a gambler could gamble anytime he would like to without thinking whether the price of cryptos are high or low.

But gambling is long criticized as habit of losing money. Its said as a bad habit and we have to admit that worldwide its not known as a good habit. Just relying on your luck to win and lose money. 

Only the case here why gambling is like day trading is because of the similarities of risk being involved. If that is the case, I'll just leave day trading, instead, go for the long-term investment and would just go in gambling as the risk is just the same.

in my opinion they are two different things in day trading you need skill, strategy and study of the markets, in gambling you need skill but also a good dose of luck, however both can be addictive...

I consider totally different things
Gambling is almost about lucky, and day trading is based on skills

If you know what are you doing when trading, you can gain a solid money, but gambling is mostly for fun and just some rare people can gain decents amount of money

doing day trade is not an easy task, I speak from my own experience because I am an amateur daytrade (because I still don't have years of experience) but you can't compare daytrade to gamble

See the following:

if you have $1000 and do bitcoin day trade you should do day trade with $1000 if you want to make a decent profit (if you want to have 1% profit per day. and note that there will be days when you will not be able to earn anything), but you have the advantages of stop-loss to avoid losing big ones. I would say that you will take little risk if you know what you are doing

But if you have $1000 to place a sports bet (if you bet on football games), you will not put your entire bankroll of $1000 betting on a game even if you believe it is an easy game to win, you will bet $100 and if you win you will have $150 depending on the odd of the game you bet, but if you lose in the game then you will lose $100 and on the day trade with Stop - Loss you will not lose $100

By that I mean that gamble has more risks in relation to day trade, but you can earn a lot of money fast in relation to day trade
 

I play for fun, so the profit is always used to bet more games, sometimes I withdraw

Only few people who experienced success in day trading because it is absolutely risky and not good for people who don't have knowledge in trading and improper time management. You are also right that day trading is like gambling because they are both risky that you can't really say when will you lose or win.

It can be the same if you look at it from an angle where people trade or gamble with little or zero knowledge and they lose heavily. You can gamble with little knowledge and win but trading can't he don't that way. Trading requires alot of things while gambling is just a few things .

Both are terrible if you overdo either one. It's very easy to overtrade and take less than optimal entries into positions, and it's also very easy to overgamble and spend funds that you've set aside for everyday spending and your savings in general. It's also entirely possible that you could become addicted to daytrading because a lot of people treat all varieties of trading as gambling.

Different people will view this differently because, the two almost stand at the same level of lost and gains. Trading need commitments while the gambling life of a gambler also need commitments to survive the arenas of gamblers. Profits come to both the traders and the gamblers, although one It's more  dangerous than the other. Gamblers can easily loose their attention when the game turns against them but smile why they're winning against the house. Likewise the life style of a trader, though this lose will be more known but not than that of the gamblers. Addiction is attributed to gambling and not trading personnel.

Yes, some gambling such as Roulette and Lottery are no need skills or a certain strategy. But others may be different, and probably require a bit of skills or strategy. While trading, surely it needs sufficient knowledge, at least about trading strategy and understanding the market trends.

It is applied to everything. Overdo is something to avoid by all people. That's why everyone should have a limitation, target, and a certain way (strategy) both in trading and gambling. Smart traders know when and how much to buy or sell, while smart gamblers should understand the limitation on his funds for gambling.

Commitment would be more worth if you do spend up your time and effort on trading rather than on selecting gambling.We know the opportunity that it gives where it can sustain for long term.
Gambling is for enjoyment or past time but cant be considered to be part of living or source of money.So i can say that they are different to each other but they do have similarities on some ways
yet you are risking out your money to earn money.Trading can be considered gambling if you dont know on what you are doing.

I think if you gamble every day, then that would look like as day trading but he will have the chance to lose your money because, in gambling, we know that the option will only win or lose. Day trading is not gambling if you can analyze the coin movement so you can get the right time to trade, and if you are lucky, you can be able to make a profit every day. Sometimes hold can be looked as gambling because we hope that the coin can increase in some periods but we don't know for sure if the coin can really increase or not.

And yet there are periods of times in gambling which can be compared to those when trading is really profitable. I mean various promotions run by gambling sites when you can win big while risking almost nothing by hitting n-th billion roll on dice, or by guessing goal scorers etc. So, even in this regard gambling is similar to day trading.

It has resemblances I am not going to lie, I understand why people would compare the two and it makes sense. However, we should point out what type of gambling and not just general gambling. For example if you focus the fact that trading is a lot like dice, you would be wrong, dice is a definite answer, you WILL lose all your money, there is no way you can make money constantly because in the long run house always wins, however if you say trading is a lot like poker then you might be right, in poker house only gets a rake and then you play against other humans, if you are a better poker player you get the money and you can continue to do this all the time.

So, trading is like poker or vice versa where two people bet on one thing and one of them is right, meanwhile house always gets their share no matter who wins.

I assume that gambling and daily trading are different things. Because in gambling can sometimes spend money faster, different from daily trading for example. Because we can control the trade and in that case can also benefit. I play gambling, mostly losing compared to winning.

Try doing the highest winning chance for dice games, and you will see it would be pretty similar to trading. Imagine one roll is equal to one buy/sell order.

I prefer to invest than to trade though, simply because I don't want to waste my time watching the live chart.

Day trading activity is unmatched by gambling. In a day of trading you have the opportunity to win and lose according to the strategy used. Gambling allows you to win randomly. Only you choose the best activity that suits you and improve your skills and above all act with caution.

This is not true.  Many types of gambling is far from just luck.  There is often a lot of skill that goes in to being a good gambler.  In Texas Hold Em for example, being able to read the decks, understand whats possible by process of elimination, and the art of bluffing are all skills that take time to acquire.

Gambling and trading are different in their own ways but both of them involves money and you can lose your money there although in an instant or slowly :D.

In trading if the coin you bought goes lower than your buying price, there is still a chance that you can get profit by either averaging down, cut loss and find another coin which you know will rise in a few days or just wait for it to go up again which will took some time though. In gambling, if you lose your money there then its over and the only way to get your money again is to invest more money. Money cycle on gambling is faster since many gamblers are losing there way faster than in trading.

If you are losing in gambling like you said, maybe you should realize that you must stop now unless you are happy even you are losing :D.

In my opinion, both are gambling in their own way. Once you've put money on the line or anything or anyone, than can be considered as gambling. In casino games, you are mainly depending in luck while in trading you have to depend on your knowledge. The level of risk is kinda different because if you ever sharpen your skills in trading, you will likely have a better chance in making a profit compared in casino games.

It has similarities but compared to gambling, day trading is not more on luck because it requires knowledge and strategy.

The outcome depends on your plan in choosing what coins to buy and the time you spend to be able to monitor the market so you wont miss the right timing on when to sell.

Both is risky and in gambling we often lose than win.

It is a decade old debate but not sure why many people are still not realizing the practical facts from this kind of discussion. Trading may turn gambling when we buy/sell randomly whereas betting on something with the help of scientific approach then that gambling will be not having any differences from gambling; horse racing must be a typical example where you can approach it with the help of mathematical calculations.

Trading must be an improved or derived version of gambling. Gambling relies only on luck factor whereas in trading even you are strong on fundamental and technical analysis, you still need luck to favor you to crack profits. This is the simple reason why people are finding similarities between these two different sectors.

Traders can be gamblers but when gamblers try trading, they may not be successful consistently as trading needs more dedication and focus whereas gambling allows you to relax time to time but trading needs you to be more conscious while your position is open. I talk about leveraged trading; yes, spot markets with optional holding based asset trading gives you more room for being  relaxed and to enjoy like gambling. So, there is no wonder why people finds similarities among these two 8).

They have similarities but they are very different aspects because gambling is very difficult to study, it is about luck or strategy if there are loopholes to the game that you are planning to play. And in day trading, only newbies are having difficulty in making a successful trade as they didn't know yet the basics and advance technique or strategy in order to achieve the goal.

So the advantage of daily trading is that you can easily profit if you are a professional trader, meaning it can be studied in order to become successful while gambling can't be studied in order to make sure that you will win in the next bet or play. Before you trade, make sure that you study first so you can avoid losing too much money upon your first trade.

You once took water in a well "you take water and you pour" that's what happens for gambling addicts.

Never run out and never satisfied.

If you expect profits and want to be rich don't expect at gambling tables, look for vacant land, look for grape and apple seeds and plant them, you will benefit and become rich.

Gambling is solely for pleasure, not for expecting wealth.

We can say that day trading is a gamble or a risk but not the opposite.

Gambling is not like day trading. When you lose in day trading, it is obvious that you will lose your money but just a percentage of it on the other hand, if you lose in gambling you can lose all of your money. We can just relate those two in terms of the risk they have but these two is not really the same.

I get your point but they aren't really similar they both have risk,
But gambling is way more different than trading gambling is fun unlike trading it is too serious.
You couldn't trade to have fun and relax.

That's your own perceptions but for traders who already been here for some time, they've treated this place as source of their enjoyment.
Trading gives them money and that money provide relaxations. Gambling most of the time do the other side, it's not giving you money but
stress when you lose your capital.

There are strategies in gambling. One example is poker where you use bluff to throw off your opponent to win.
Day trading is the same as gambling, you either get a profit from your trade or you will have a loss.
I agree on this one but I think if we are using gambling as something that is analogous with day-trading then it is not a far-fetch idea.

Because most people never really make an effort to learn how to trade so they never really get a grasp of what trading is really about, to them trading and gambling seems like something similar and they think they can apply the same methods to both of those activities, when you take all of that into account then you will realize that most of those that call themselves traders are in fact gamblers just betting their money in the markets so they are not that far out wrong when they say to you that gambling and trading is the same to them even if professional traders will obviously disagree with that concept.

You bet!
There are different types of gambling although all of them really cost a lot of money. Almost the same as trading but there are still differences when it comes to spending.

Dice gambling like one in my signature is one example which could make you win a lot in just a little amount of time. High risk, fast profit.
Sports gambling. It takes time. You will need to do research to have a higher percentage of winning.

In trading, there is like a safety pin. You could always cancel your order if you are having doubts.
That won't happen if you gamble.  ;D

Day Trading and gambling give you two choices, obviously that is winning and losing and that do not depend on the strategy used since the price chart will be the one telling the price changes and not your strategy. As gambling can ruin your balance, day trading is better since you will jsut lost some profit based on the price changes but not all of it.

For me both are different because in trading you analyse both technical and fundaments and then accordingly can place the trades on but in gambling you do not have such options as many would be your luck-based games. Also trading requires skills which not everyone can have it just like skills required in card games. Gambling would not be approved in all countries, but trading is legal in all countries then be it stocks, commodities etch.

Honestly, no.

Others might see gambling as luck-based but overall there's a catch on how to overcome that. Same with day-trading or basically, any types of trades, the strategy must always be considered and not just you will bet then that's it. Not relying purely on luck but to increase our winning chance rate in every bet.

As for legality, yes it's no doubt that gambling is more prohibited and has strict terms compare to trading but that should be the main point of comparing gambling and day trading for an obvious reason that both have different natures.

Day trading is a better option than gambling in many ways and sensible people prefer risking their money in day trading than on gambling all the time. Gambling shall be done off and on that too without a large amount of money. Day trading never makes you bankrupt but this can easily happen in the case of former.

Gambling and day trading is both risky because if you don't have a good strategy and you can't control your emotion in both trading and gambling, you will definitely lose. But the difference is it is much better to trade than to gamble because when you have a great skill in trading it is enough for you to provide all of your necessities.

I wonder where you heard that because it is obviously not true, if you take a look at the forum you will see there are many more stories about people losing all their money while they are day trading than those that lose all their money gambling, it is true day trading can be way more profitable than most forms of gambling but with the way this market moves and its volatility the day traders that can make money out of this market are probably below 1% while the rest lose some or all of their money.

Yes gambling is like a day trading especially if you are playing or gambling daily in which you are able to earn money daily through the gambling but it would be a problem if you are losing just like in trading it is a big problem. Trading and gambling is almost the same because it is more likely that you are betting also your money in trading in which the profit that you may get after the trading same as the gambling.

Day trading is not entirely like gambling.

Gambling results depends on probability of the game you are betting.

Most players win lot of money but they never realize that they are losing the same amount of money on multiple losing bets.

Not quite but there are some similarities.
I would say that if you gamble every day you are exposed to risk on a daily basis and you are present every day.
However, day trading depends primarily on.your skills, knowledge and experience and gambling stil depends great deal on luck.
To me this is also the main difference between gambling and trading and generaly I wouldn't compare these two disciplines.

How trading can be equated with gambling, it is very different in my opinion.
Gambling once we bet and our predictions are wrong, of course the capital runs out.
different from trading every time we make an entry buy and then our prediction is wrong, then we still have coins, only estimates are decreased.
even in trading we can still get profits by utilizing its price fluctuations.  Gambling is clearly not possible because there is also based on one's luck, if we bet but not in luck yes all of his capital can be used up.

I only think if gambling and trading are something different, trading is a profession while gambling is not a profession and it is not appropriate if gambling is used as a profession because gambling is a game of luck, no matter how much your experience in gambling is still not going to guarantee you to get profits every day, is different from trading because in trading at least when you have good skills then of course it's like a guarantee for you to gain profit every time you trade.

Correct, gambling is about prediction and mostly luck-based. Our funds and profits will depend on them. Even, we don't need certain skills to gamble. While trading isn't about luck, it is skill-based. Although sometimes one of the factors of success in trading is luck, it isn't the main factor which has the most important role.

I think the same as you. Gambling isn't a proper profession, we cannot rely on the luck for our regular income, it is too risky. It is different than trading, for the traders who have good knowledge and skills, they can hope for regular income from trading. It's possible if you know how to trade well.   

like pro traders or pro gambling players, they too must have suffered losses and will not always profit.
that is why gambling and trading are very rarely sought after to become the main occupation.
the risk is too great, so those who dare to take risks carry out this work.
Some pro poker player already earning million $ from their gameplay, for example.

only jobs are not risky enough and can sustain you contious/stable profit but gambling and trading especially they are related to crypto are much more risky than those who arent related to crypto  .

actually the next from the job is that people look for trading or gambling  , many people living out of gambling but much more on trading because trading is more profitable and likely achievable than on gambling  .

big risk is also equals to great rewards , both applicable on trading and gambling   .

gambling and trading are clearly very different, gambling is not always able to provide benefits, on the contrary, the longer we bet, the greater the chance of being able to deal with losses. different from trading, the longer we trade the possibility that in the end we can get used to facing fluctuations in market prices and more can use the best time possible to always make a profit so that more can minimize losses

Ofcourse. Crypto Trading is less risky type of betting... less risky than many/most types of bettings or prediction markets. I guess other betting types (the safe/good ones especially) could even consider bit by bit winnings/losses, like in crypto trading instead of the normal "win all/loss all" your fund kind of thing... guess they do it already?

They are both risky, I must admit that, but, the profits in day trading could be more promising and reassuring than in gambling. On the other side, if you're looking for both fun and danger, then gambling is the best choice for you, but if you're after in profits alone and you take it very seriously, then day trading is the best fit for you.

Just like what everyone said here, it depends on everyone's life perspective on what we are after.

what do you mean with this? If I am not mistaken, you are pertaining to experiences, so the longer we play in gambling, we getting the game clearly that we can deal with our losses. If that is what you mean, I for me, the longer we play, means there is a huge chance of winning from the particular gambling site or game that we are playing. Because basically, who want's to play with games that the chances of losing is higher that winning right? So we should be aware of our losses, compare and contrast it to our wins, and take a look if the games is still fair.


In here, the concept is still experience, I am thinking if you are pertaining to the long term hodling in saying "the longer we trade" but I think experience in trading does really help. For me, long term hodling is quite better and it differs from person's time in trading. If you have more time, then do a scalping or day trade, but if you are busy in some other areas, then it's better to hodl in long term but make sure you have invested enough funds.

Given that no one (we are not talking about market makers) can manage randomness, intraday trading is very similar to gambling. Negative mathematical expectation is what brings these two activities together. For a while you may be in profit but at a distance you will be in the red. The longer the distance, the more true this statement.

But you can set your winning chance in dice, for example, 98% chance, 1% payout. Thus, the "profit" from one bet would be similar to profit from one transaction (if the price is rising). You can also divide your bet in a smaller batch, so if you lose one, you still have plenty.

Well, gambling and day trading is a different game, but similar in nature.

Gambling and day trading are both risky. Gambling is a form of entertainment but can make us earn money and lose at the same time. Gambling does not need skills, it needs luck. But in day trading if we have the skills we can surely earn money. Of course it is not that easy to have that skill.

The existence of risk is the "thing" that relates both trading and gambling to one another. But it seem to me that the similarity is more sided with gambling more than trading. Trading is like gambling because there is no assurance of profit because the market value is volatile and it would be hard to find a good trade, especially at this moment that the market value of cryptos are low, and no one knows when will uprise occur as well as which coin would go along with the uptrend. Gambling on the other hand is a bit like trading especially on strategical gambling games such as card game, a player would think of the best method in order to come up with the win. But as what I have said, it is risk which connects both gambling and trading to each other forming similarities.

But do you still agree that it's impossible to increase your winning chance in the luck-based games, such as dice, roulette, minesweeper, plinko and slots? I think, the only thing you can do about the aforementioned games is you can limit your gambling balance in order to not lose too much in the case of bad luck, but there is no way of increasing your winning chance in those games.

Imo, day trading is somewhat similar to poker and sports betting, where luck still plays a big role, but not everything depends on it.

Please stop comparing gambling with trading. Gambling with cryptocurrencies and trading are not the same at all. Gambling is all about luck. If you get luck, you win. If you are unlucky you lose everything. There is nothing you have to "think" about since the outcome of your results are always random. Logic does not work/change your outcome when gambling. But trading does depend on logic. You have to think a lot before you make your next move. The outcomes are not random and you have more control over your investment when compared to gambling.

No matter how much you think before the next move, this is a random process for you, since you do not have an insider and cannot predict the influence of all factors on the price (even if you know all of them). You should think by yourself of such a paradox: if you could logically calculate the “right” next move, then everyone would do it. But in reality, no one can predict (statistically significant) price fluctuations over a short period of time.

It can make you bankrupt, especially for those people that don't know what they are doing. I did say that it can lose you some profit but if that continuously happen then you obviouslt can go bankrupt. The only component day trading has that is better than gambling is luck which almost all of the games in gambling has.

OP might be thinking about the risk and the possible losses that we are able to get from gambling and day trading. Yes it can be true and losses could have some point to find but you are certainly wrong if you think that day trading is all about luck, unlike gambling.
And the bad thing about gambling, you might lose your money without any chances to get it back.

Trading is a big gambling but its totally different on playing on the casino. If you are addicted gambler then you must ask for someone help to get rid of and the profit will depend on every gambler. Day trading is much more volatile compare to gamble and I think trading are more less risk simply because you don’t depend on any luck compare to gamble.

If you know what you are doing when you are in trading, it will not be in the luck's side but more on skills and strategies. Also, if you have prior knowledge regarding the coin that you are trading with, the likelihood of earning profits is high. Unlike gambling, most games are based on luck though sportsbetting is one of them that relies on the player's knowledge about the game. But if you will jump on trading without any knowledge about the coin, I guess you are really in the gambling mode here.

I cannot compare the gambling as day trading, I'm a day trader and also a gambler and the approaches are both different. In day trading it is all about technical analysis and when it comes to gambling, the thing that you should use depends on what type of games or features that you are currently gamble. In day trading the time frame is also important and I'm using 5 minutes time frame because my studies are base on it. When it comes to dice games, it is only about luck and there is no skills required on it.

Gambling is almost the same. When trading is you still can get the amount you traded even if the value is lower than the value before unlike gambling where it's 50/50 win or lose and if you lose then there's no money expected to return. Gambling is much faster when in terms of losing while trading is slowly losing money if you have a weak hand meanwhile those who are expert at it will most likely earn profit or get the same value as before.

Short term trading is indeed a like of playing with a wild fire, yet it would only depend on how knowledgeable you are in the market and how passionate you are with what you are doing. But, gambling is very different from it. Gambling involves strategies and even self-taught knowledge from experience yet mostly depends on a person's dumb luck. And you don't need to research and spend time in studying as the same as trading, all you need is gut and trust.

When you lose in gambling you don't have any chance to recover while in trading if you lose your investment you still have the time to wait for your assets to move back and recover in time when the market gets better. Though there's other type of trading where it's a same thing with gambling.

Honestly, these two are different as night and day IF used for their original purposes. Gambling should be for FUN and ENTERTAINMENT and that is how I see it, which is why I gamble a lot and do not touch day trading.

Problem is, a lot of people see gambling as a way to make money, and to test their luck. Problem is a lot of people also do the same for Trading. And they think with a few strategies (like in gambling) they can make profit.

This could be true because they are seeing people making money in gambling although they really don't know if such people are really having more wins that loses in gambling, sometimes gamblers just look at the bright side and that's why most of them failed to consider the risk that resulted to making bad decision in their gambling journey.


Compared to gambling, I think trading is boring, this is not a game so less people are attracted to this and if they lose they'll just quit right away.
In gambling, they feel the challenge as the game is easy to understand and its entertaining, so they got hook up.

You are not wrong however many traders do not really approach the situation like that and they put their money in a coin not because they made a long analysis and they decided it was a good move, they do it just because they felt like it in a similar fashion to what they will do if they were gambling, that is why people compare gambling and trading all the time because for the most part those that are trading that way are in fact not trading but gambling with their money.

Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.

Earning crypto has always a risk. I think gambling has more risk than day trading, Because if you lose on gambling you can possibly go bankrupt but if you lose on a day trade you can possibly survive in next day by just holding your assets, Cryptocurrency consist of many volatile assets that's why the risk on day trading is big compared to other trading platforms.

It is both risky it's just it is more easy and fast to earn or lose money on gambling than day trading.

I don't think it's the right approach. In day trading, the risk is low if it is continuously followed by the agenda, developments and graphs. Especially as online time increases, the risk decreases. But gambling is largely dependent on luck. The risk is therefore slightly higher.

In day-trading, gain-loss ratios can be limited within a certain framework by using tools such as stop loss, stop buy and OCO. But in gambling, the psychological effect is very important. A momentary error can lead to huge losses.

Right, that's the real difference I've been aware of, so even though both can be done every day and for that reason it's clear, in gambling you can lose money faster but when we have a strategy and realize the right time to bet then it will also giving you faster profits. That way, then I think the two are very different and I'm personally not sure if they have something in common.

Both gambling and trading is one of the risky way to earn bitcoin because in every mistake you do you can lose money.
There is no guaranteed that you earn in both ways but risk is less in trading and more danger to the gambling they have similarity but they have differences also. In everything there is no assurance even not gambling or trading!.

The only common with these two is the fact that they are both risky. In terms of earning, gambling is better but it is also riskier than day trading but for me, it is worse than day trading. Gambling usually is based on luck, though there are some those games where you can analyze your bets carefully, most of the people are playing luck-based games. It is a high-risk high reward situation while day trading may also give you losses, it will not fully lose the money you invested.

There are some key differences between day trading and gambling however I do not agree when you say that day trading is a low risk activity, by far the most difficult and risky way to trade is day trading, you need to watch the markets all the time and you need to have a way to deal with the extreme changes that happen in the market in a matter of minutes and that is not something your average trader can do as it requires to have a very clear idea of what you are doing and why and it also requires the ability to apply that knowledge in the blink of an eye.

I agree and I already said same thing in my post.

So I think we are talking same think with different words.

there are 2 big things that distinguish the two.

daily trading
- small risk of loss (no loss of 100% capital)
- possibility of profit (small amount)

gambling
- risk of losing a large amount (100% capital is used up)
- the possibility of getting a large amount of profit (if you are lucky to reach 10 times)

Gambling is NOTHING like day trading.  As an investment advisor by trade, I am quite versed on the topic.  The vast majority of people should first off not be day trading.  Trading takes a lot of time, skill and research to be able to know how to do so correctly.  I'd say 98% of investors should not be day trading.  Day trading involves actual companies and not just a game of mostly luck.  Stocks are backed by businesses and often when trading it's not an all or nothing scenario as is most often the case with gambling.  Gambling often takes no skill at all or even any need for research.  Both are something to consider heavily before doing so, making sure that you're willing to lose it all in both cases is a big part of it.  Some similarities do exist, but for the most part they're very different.

They are basically thesame thing. Crypto traders are betting on something (price) just as other prediction markets. Sport bettors for example are betting on scores and other things. 
Some cryptocurrency trading are very risky, eg Binary option, leverage trading, etc. This type of trading kind of qualify as gambling depending on how much you risk.

Gambling is nothing like day trading, except in that they both require risk management and budgeting.

Although it is true that a lot of gamblers eventually go on to become traders, I would say that very few traders go on to become gamblers—at least no professionally. Gambling is all about managing your exposure to risk and seizing the right opportunities, gambling is completely about luck, unless it's sports betting or poker.

With gambling you're always up against the odds, and although the same is true for trading, you can beat the odds with knowledge. No matter how much you know about slots, you can never overcome the 10-15% house edge of w.e. using pure knowledge.

daily gambling wouldn't suit for me i have tried for some days to gamble daily but lost more then is got , guess i need more experience , i have some friends who gamble often and make some money , i think it depends on which we understand more and know to make money in a better way , but both of them needs lot of knowledge

It's not totally true. If you want to earn money in day trading, you need to use leverages.
And when you use leverage (longs or shorts) you can win as much as in gambling but you can also lose all your funds.

In my opinion gambling and day trading are not the same, because day trading is much less risky than gambling. If we play
gambling winning percentage is around 50%, but the fact is if we play gambling more experience defeat. While day trading
percentage gets a profit of around 80%, if we have the ability to read market prices. So, the conclusion gambling cannot be
used as a source of income, while day trading can be used as a source of income. And according to data i read in the article
the number of people who are successful in day trading more than people who are successful in gambling.

The experienced day trader can make the same percentage gain over the weeks but this is no true for the gambler. The risk management is the basement of gambling and trading, but there is no luck factor in trading for the long term-swing traders.

This topic has been discussed on multiple occasions before and in short it goes like this:

Trading is not gambling because a trader is never in an all or nothing situation. When you gamble and place a bet you don't get back anything when you lose. You put in 100 USD into a pile and you either get it all or lose your 100.

A trader or an investor invests 100 and can lose a part of it and withdraw if things keep going bad. Depending on his moves he can lose $10 or $20 but never all of it.

Not the same at all.

Even if you suffer a loss in trading (whatever the period), at least the loss still holds value. Wherever the market chart takes you, you still hold your money and there will be hope that the value will return someday even give you a profit (depending on the currency you hold).

This will not be found in gambling. Your prediction is correct, your money multiplies, if wrong your money is lost.
"Trading for profit, gambling for luck."

Yes they are different. In many ways, in trading you may earn in a day trading only if you know how to scalp and also if you are having a good hands, but if not then you need to wait, while in gambling you may lost everything in just one bet so you need to think every move you are doing.

I could not agree with this, this  kind of belief is only for those who does not really know the potential on how to make money in gambling.
Gambling for majority maybe a game of luck, but we can't deny that there are people who make money in gambling because of their skills, example are the poker players and the sports bettors, I am talking of the successful ones.

That's quite true, gambling doesn't totally depends on luck but new lucky  has major contributions to winning bets. We have professional that have perfected their skilled to the exact they can gamble repeatedly without losing on specific days although that doesn't mean they don't lose as somedays the luck factor meant not be on their side.

Gambling and trading are two different things that can only be related together when a trader gambles on his trader. That's to say, they go into a market without having any prior knowledge of the market and pick trade based on how lucky they feel. This kind of traders don't last long in the industry as they easily quit when they're no longer getting lucky.

Maybe some will disagree on me but for me, gambling and day trading have some connections ;).

How? For me, I can say that day trading is considered gambling if the trader doesn't know what he is doing. He just throws his money and bought a coin without proper knowledge on trading whatsoever. He just felt that he need to buy that coin and he bought it without knowing that its at the highest price. In gambling, you just throw your money there and hoping that it will win (with a bit of strategy maybe). Same goes in day trading, you are just throwing away your money hoping that the coin you bought will increase its price.

This just applies for those traders who doesn't have any knowledge on trading. If you are an amateur or a professional trader then that is a different story already ;).

You have some exact points and some need editing, day trading or trading in general, when compared directly to gambling, the safety is actually higher when we can decide the winning or losing rate based on the observation and evaluation in the market. While gambling has a nearly complete chance of losing, it cannot reach 50% as you say, casinos always create fake rates to cheat us, the analogy between gambling and trading is the bet to win but gambling is a business place to generate revenue for its owners, trading is a marketplace for traders to make money on their analytics.

Can I categorize such traders as traders who only rely on expectations from market conditions or should I say it as a trader who relies on speculation ?

Hope and luck

Only hope

---

Trading involves speculation, predictions, analysis, and expectations while gambling only involves predictions, expectations, and luck. I think this is what distinguishes trade from gambling.

We have different perspective how can we earn more profit and some of us are trying to deal with the daily trading by that all you need is the knowledge about the market movement and also there is a chance of you will get a profit but we cannot tell how much on it because it is a single movement in the market there is a chance to increase or decrease your market income also in gambling it is good too because if you are skilled and got a lot of experience enough to play gamble games it is good because there is a higher probability to make more earnings because you are confident enough to make more profit both of them are a risk but it depends on you where you think you are confident to make more money.

Yeah right, there are people out there who manage to win from this kinds of gambling, they are well organized and have the capabilities to manage
every single information to use for their favors. This kind of wise gamblers are not so many those are not relying with their luck but with their skills
sorting the right games and the right timing.

There are many games that rely on luck.
It depends on what kind of gambler you are - if you try to play card games that require skills then you should not agree to this statement.
I believe that gambling is luck on specific games, not in all kind of games.

Yes but in all kind of games and even (mostly) in trading there is a part of luck.
So even with strong skills you can lose and even with weak skills you can win. It's unfair but chance is unfair  :-\

My thoughts regarding this enlightened when I created my own thread about gambling is similar to trading. Since gambling and trading have both risks, then we can conclude that they are similar to each other. Risks always have a basis on what they're trying to predict, prediction can be applied to gambling and trading even different kinds of analysis so definitely, you're trading every day without knowing if you'll get a win or lose situation.

But some other gambling games aren't really similar to trading because it only requires luck.

You are talking about this thread https://bitcointalk.org/index.php?topic=5237701 ?
Why it has been closed only few hours after its opening? Did you close it yourself or it has been closed by a moderator?

Right, and that's what makes day trading to look very similar to gambling. I wouldn't go so far to say that day trading is purely luck based, so it's not like dice or slots. But compared to poker (real poker, not video poker) and sports betting, it's pretty much the same. You can apply some skills, but luck plays a huge role still.

You are right, however if for me and I have to choose between the two, I think I'll choose sports betting as day trading is very stressful, the market is 24 hours, that will attract you to trade more, unlike in sports betting that you just have to focus on a certain game, and even with the small number of hours, you can get the job done already and rest for the rest of the day.

I'm not saying day trading is bad, this is just me, I'm saying based on my experience and that is my preference here.

That's why we should be very careful with the day trading and Gambling because both are indicating luck-based. People who have experienced towards chart will make money, but that analyzing part will be considered based on the experience. I hope gambling is completely based on pure luck.

That day trading is too difficult for other people not all people have a good skills in trading unlike sports bet . you just need to know who will play and you can now predict who will in that game . Your prediction some times is not accurate to what will happen  how ever if you watch all thier game play in both side you can see whos in both player team have chance to win .

One of the easiest ways to bet if you want to earn a huge profit is the sports betting if you are active about sports and also e-sports because it is easier to research about the sports because there is a lot of websites supports the analysis on it like in basketball you can see the stats on the nba official website also you can make a background check on the esports on gosugamers because most of the time it has an updated status on the recent games and matches on it also you can wage a lot of you are confident enough to make more earnings on it still the game is on the hand of players because some of them are not on the condition well and may cause of throwing the games.

Gambling is not also for all people because there is a required skills in this area. Both gambling and trading have specific skills in order to win, a trader or a gambler should have high risk appetite in order to easily manage the risks and to have control to his/her decision. Both dy trading ans gambling are difficult but if we focus on developing our skills then it can be easy for us to gain profit from both.

For those who will start day trading and they are still beginners in the market then it will be a disaster because they cannot handle the volatility of the cryptocurrencies. Day trading is like a gambling for those people who will yet to start because they still do not what they will do and it is like a gambking that putting their decisions base on their instincts and relying to their trusts.

Well, if that is the case where people will be going into day trading and they are just beginners, then that is not a gamble, it is a suicide mission. At least when you are gambling, you know what you will be doing but in terms of day trading with this volatility, it is just impossible. Just try to educate yourself first before you go into something since it is always good for people to be ready in some way rather than pushing your self into something you don't even know what it is.

Day trading is a skill based profession, where in you need to learn first and then implement it. Although there is no guarantee that you will earn straight away but as more you test your strategy the more you will have the experience and skill to make good money. Experienced day traders can earn upto 5k in a single intraday trade. There are lot of books inthe market to teach anyone bout day trading . Here is list of best day trading books for begginers (https://cointikka.com/best-day-trading-books/)

Gambling on the other hand does not involve 100 percent skills. To become a good gambler you do need 50 percent luck and 50 percent skills. Through experience you cannot guaranteely make money. The chance of losing is pretty high because of the house edge.

I agree with you on most part but look if I am being honest and let's talk about crypto trading and we all know how unpredictable it is so it is not completely wrong to compare gambling with day trading because recently we saw how a plus token scam took bitcoins to cleaners and similarly you expect in gambling that a particular event will occur but sometimes things go absolutely opposite.

I mean yes although with trading you can use skills and compare charts but trust me I have been into trading as well with crypto and it is not as easy as it might seem and I respect since you are a adviser and any statement you make is worth it but I am just sharing my own opinion that in certain areas gambling and trading are similar maybe only if someone is as experienced and skilled as you then they can make correct calls.

Nothing is fair in gambling and trading. You may won or lose in both of them. These days trading is also very uncertain because mostly it is controlled by the manipulators. No matter how good you are in Technical analysis, you can't be sure for bitcoin next moves. Day trading is very difficult and is same risky as gambling.

Definitely not. The way how they work is different from one another. If you'll understand the principle of gambling, it's pure luck based. Thus, there is really no professional here. You can't help yourself from losing in gambling if your luck isn't favorable of you but to stop. Meanwhile in day trading, you might lose continuously but you can be professional there with decent experiences and knowledges of course.

I would not agree with that principle, how can it be pure luck when some people are winning using their skills?
If it's a pure luck, people would not risk their money because in the end its the gambling sites that would just win since they have an edge.
Sports gambling is the biggest, there are bettors who bet on millions not because they believe they are lucky but because they believe they got skills.


Everyone has different belief, some would say no professional gamble but some would believe there is because they themselves are professional gambler.

I'm no trader either. You choose sports betting, I choose poker to have fun with. I don't want to live the stressful life that day traders have 24/7. But it's me, maybe for someone day trading is as much fun as poker for me, idk. In fact, I respect day traders because they are real hard workers and they can do something which I cannot do.

Because what do we mean exactly by "professional"? Is it because we are on it full time? Or is it probably because we are earning only from it? Or because we have undergone some kind of training or course for it? What we call "professional" is rather hazy and could mean different things.

There are indeed professional gamblers if we consider the factor of income source or full time dedication and focus just like there are also professionals in trading.

Sort of, but if I would choose from the two, maybe I prefer Day trading with big capital, of course, doing day trading with small capital will do nothing, you will lose on fees. Why I prefer day trading because most of the gambling games are purely based on luck unlike trading there are some charts that can help you with your decisions on gambling you just need to bet or guess and it is done and wait for the result.

It's contradictory with what I've heard.

In trading, I've heard good traders say that luck is also included as they trade and for experienced gamblers, it's not always luck but being skilled is also needed.

This is the right definition of day trading in its sense. When you are a gambler for 40 years all of your winnings are coming from your own luck, not your skills. Whenever you put your money on the table, you only waiting for the unknown results. Whether you win or lose, it's all about luck. On the other hand, Day trading will give you tremendous experiences in the long run which will become a skill after so many day trading you had through the years.

The similarity of it implies on risk. The reason why people risk their money in gambling is because of the massive return it gives the higher the risk is. On the other hand, market volatility makes trading risky and profitable.

Day trading doesn't include a 100% chance of earning everyday though. With skills, yes, a person has higher chances of actually earning something out of trading, but it isn't a guarantee that they'd actually earn something 100%. Day trading is a mix of skills and luck, because any change that is favorable to the position you made for that day could potentially be a profit or a loss. It's close to a 50-50, but with skills, you can understand the market beforehand and possibly, I repeat, only possibly, increase the chances of actually profiting.

definitely!
and risk management is key even if you're not trading, only gambling

imho this is one of the best crypto articles on risk management
https://medium.com/@Cryptilicious/risk-management-for-trading-8608d813872d

really important concept for gambling, trading and for life.

Interesting article, well, for me, the first thing every gambler or trader must know is the risk, if they are aware of the risk and they pursue that means they understand how to manage it. We can think of the reward as well but we should not think that we can get the reward overnight as no trader or gambler that are successful overnight, except for those who are extremely lucky and they win a jackpot.

What we are talking here is the consistency, and we need to achieve that if we want to be successful.

Everything is gambling, gambling is everything! :)

What I always wrote, but I don't see anyone noticed that, is that gambling is not one game! If we discuss gambling in general we can discuss who will be the best worker this month in your company, we can even place bets on that. Long story short we can discuss anything and everything, and if we are involved in any way and if we make any kind of predictions about possible outcome (with side bets or not) it's gambling. In example above if you are can give extra effort to be the best employee and win some prize (or just a thank you note) you are gambling!
Where is trading there? Trading is a subgroup of gambling, you risk, you invest money, you can win, you can lose. Later you can make many subgroups of trading, there's not just one way you can trade!
There are some gambling games that are very similar to trading, they have the same risk factors, you also need to do your homework (research, analyzes...).

Learn to make a difference between games, learn about games before you start playing. Bankroll management is essential for all games, all games are risky, risk level is different. Chances for win (for making profit, call it as you wish) depends on you, about your understanding of the game and how manage your money!

if you gamble it will not be as easy as you imagine because when you lose your assets will disappear instantly and it will make poor instantly and cannot be equated with daily trading, whereas if daily trading when you are trapped then what changes is only the estimated value of your assets due to the influence of falling prices at the exchange place and can recover when prices rise, better and safer trading than gambling.

That's absolutely true! I have been starting to trade with leverage on Binance and I am doing it at 5x right now and they only charge around 0.001% per hour interest which is nothing and I surely know that bitcoins won't go down by 20% all of a sudden so yeah doing good right now and if you know how to use leverage trading to it's maximum potential then that gives great results.

I was thinking about trying the futures which offers 125x leverage trading but I was a little bit worried because this high borrow means a massive interest as well as a big risk of little price swing and all the money will be sold. Anyone if have any good experience with such future trading please share a guide.

Back to topic, I don't even know how people compare trading with gambling in 2020 where trading is all about skill and execution and gambling is all about luck and bankroll management.

Trading is a gamble due to the volatility of the market. In day trading you can use different tools and leverages to earn profit. However, in gambling you can only depend in luck, the amount or profit you earn depends on your luck and the amount you are willing to stake on each bet.

Why should we equate daily trading with gambling ?
Market volatility is caused by the demand and supply of traders and that is about how crypto assets are valued. And if because of volatility people will call it a gambling, then what about other traders who choose short-term or long-term trading? Because all traders without exception will take advantage of this volatility to profit.

Indeed, in trading the value of our assets might decrease but there's a chance to recover it if a trader has a patience to wait until the price increase again. While in gambling its a game of luck, sometimes even you have a strategy its not a guarantee to win or recover back your losses. Unlike in trading wherein having a plan and strategy is a must to avoid panic selling. But both has risk and thats their similarities just like investing too.

At least, the chance for us to get a profit in trading will be bigger in gambling. No matter how big the volatility of the price in trading, we can make a profit, but that will work if we can analyze the market. But if you can not analyze, then that is gambling because you depend on the luck which you hope that the price will reach on the price you want.

Gambling games will certainly use luck because they only want to see how the results that come out of the casino can be changed by the dealer so this will be a game with high challenges, high risk gambling, relying solely on luck, different from daily trading. concentration to read market movements or can also be called its analysis must be precise.
For me, daily trading will be far better than gambling, relying only on luck because the reality is so.

You cannot say that the profit from trading is bigger than in gambling.
The market is so volatile and can be end up losing a lot of money while in gambling you can double or triple your money in just some minutes if you are lucky enough.

The same can be earned by trading with leverage.
You can't compare all types of gambling to trading, but there are exceptions.
Typical casino games, i.e. roulette or slots, are based entirely on luck, so have nothing to do with trading. However, such gambling games as poker or sports betting require experience and knowledge to have an advantage. It is the same in trade, the one who has more knowledge and experience, is more likely to earn than others on the market.
I think that this is the only way to compare gambling to trading.

I too think that good money management is the key. And in this regard day trading is similar to poker, where while not risking much you are surely going to last longer, but your chances of winning big are not that big with this strategy. If you make big bets your chances of ending up in the top places increase, but the chances of being wiped out in no time increase either. You have to find a golden mean of a kind, to be successful both in trading and in poker.

The mentality of the people in trading and gambling is different.

Most gamblers does not build a good bankroll before they start gambling because they are trying their luck in turning their small capital into many folds and they think it's easy to achieve that.

While in trading, most traders start with a realistic capital because they understand that small capital won't take them to their goal.

It all depends on how and what you trade. You can trade high-risk tokens that can bring more than 200% profit, but can also fall in price by the same amount.
You can also engage in margin trading with very high leverage, and there, too, you can lose all your money in a short period of time.

In both cases you are predicting the future.Which in itself it implies high risk as no one can predict the future.It is the same as day trading because in both cases you can read news about events and you can even talk to other people in forex forums so you can analyze things before betting,in this sense it is almost the same as day trading.

I'd say both short term and long term investment would seem to be a gamble since there's no assurance of the profit. Long term trading would require patience and deep analysis of the coins to be the best to trade with if ever there will be an increase upon trading in a particular moment. The thing that links trading and gambling is risk, no matter how you look at the situation.

This is the 'mindgame' present to both gambling and trading. One could win in a single trade likewise a spin, perhaps, in a roulette to give an example. In both ways, there are chances of losing your money, and the same thing of earning money from doing so. The best thing is to know that profit is not assured to avoid drawbacks when it comes to one's mental condition because that would be worse than losing money.
The profit to both gambling and trading or even investment, depends on one's analysis, luck and will. If one would use huge amount of money, huge profit will be earned if he made good analysis and if he is has 'that' fate, but same thing would be the weight if he won't be. But an individual has a choice, to 'play' the market wise and be safe from both winning and losing, or to push that much.

I'd say that sports gambling really is like daytrading. With sports gambling you can read statistics, news and other stuff and choose a winning bet. But "normal" gambling (as in casino) is definitely not like daytrading. In daytrading you can still have support&resistance and bunch of other indicators that can help you to decide should you buy or sell. And what can tell you if you're gonna guess a number in roulette or 21 in blackjack?

I think I can accept this definition as well just like the day trading skills, sports gamblings need some particular knowledge to be able to predict well which team have the advantages than the other. Because when you know some news or exclusive news fro the team you are about to put your bet on, it gives you a lot of advantages whether to maximize your bet or not. I agree this two has complete similarity.

Precisely. And when you have exclusive news on some project (like signing a deal with some big company like Microsoft or Google), then you have an advantage and it's easy to put your money into it.

In terms of good strategy and knowledge, you can take that advantages if you have good plans ahead of your bet or your trading positions. Each time you gathered information, you'll be able to make a clearer pick and the chances of getting the right timing will be much higher.
This kind of skills are both present from trading and gambling, the capabilities to advance and use your knowledge to make sure that you have the advantages.

Yes, but not in gambling in general. In sports gambling! There is a big difference in regular gambling and sports gambling when it comes to having luck or knowledge in order to pick your winning bet. Success in regular (casino) gambling depends on luck much more than on knowledge. Don't you think?

That's right, we have a lot of factors to consider when we are trading and sports betting.
And compared to the crypto market, when people think there are whales who would manipulate the price, in sports gambling there are also sharks who can move the line, they also use their power because they are smart like the whales.

there's no fair market for both, it will always depend on the risk takers on how smart they are.


That's based on luck.

What do you mean by this? If you look at a football match, how can a shark "move the line"? You mean that a shark is someone who pays someone to lose the game? I know that happens but it's illegal. Whales in crypto are not illegal. They are just people with a lot of money (or crypto) that can turn the market in their advantage.

It could be both of them needs luck is some ways but not actually it means that they are closely similar to each other.
A trading strategy is a bit different from what we use in gambling and it is really at high risk but in some way that we can recover our losses unlike what it possible to happen in gambling. While gambling is purely a base luck game, may having strategies and expertise (just like in ball games) may help but in the end, we still need the luck to have a big chance to win.

I doubt that someone in an adequate state starts trading on the crypto market and thinks that they are not risking anything. However, I personally see trading as a way to make money. Because it is much easier to calculate everything and choose the least risky strategy.
I see gambling as a way to have a good time and spend money.

While what you are saying it is true there is one big problem very few people accumulate as much experience as day traders, and the reason is that most people that try to day trade are newbies that are going to lose all their money in less than a year, and the few successful traders that can make money in the markets that way give up after a few years since it is very stressful to watch the markets every day for years without rest and prefer to become swing traders or position traders.

as I said in the last post, in my opinion the most important difference between gambling and daytrade is in the fact that in day trade people have the option of using Stop-Loss which allows them to reduce losses while game of chance when the person bets Is wins or loses, there is no longer any way for the person in the middle of the game to minimize losses. when I started making sports betting that was the main difference that I realized

However sports gambling cannot be equated with daily trading, even if you have to look at statistics like sports gambling, because in trading you must use real analysis such as mounting indicators.  Whereas sports gambling as you mean just guesses based on historical data from previous matches.

Well, actually there is a chance for a person who is betting on sport matches to minimize his losses. For example, if you choose 10 pairs and win 6 or 7 of them, plenty of betting sites offer to forfeit other games and collect what you won so far. I think we can compare that to a stop-loss in daytrading.


Sports gambling is not just guessing based on historical data. Person who is betting can have info on an injury of a key player for some team. Or he can take a look at the table and see that a better team doesn't need a win and that can too be good info for betting.

Well, we can change our luck in trading just by increasing our trade interval from day trade to weekly trade and hence we might perhaps land up in profits in trading but we can't actually change our luck in gambling. Gambling can eat up most of our profits if we do not assume gambling carefully. But yes, I liked the concept that day trading might be equal to gambling. Gambling means to try our luck onto some game and minor times to imply few strategies & the same rolls up for day trading as well atleast in crypto day trading due to the high volatile nature.

Most might end up loosing but a few would fill their pockets with profits much faster than anyone else. Even doubling their initial capital in just a day would be easier for such people.

You are right. If we use wide-known information this does not give us any advantage. Even if our analisis is more effective tnan that of other market participants, we still have a zero impact on the price compared to the croud. In the end we are dealing with a random process that we cannot predict. So i think that this compraision is true (daytrading/gambling).

Correct, sports gambling shouldn't be compared/equated with day trading, they are different. Day trading requires specific skills such as read charts, analyze market trends, know volatility & liquidity, set targets, understand the use of "stop losses", etc. While sports gambling doesn't require many skills as the day trading, you just read historical data (as you said) and try to guess.

we should also remember that more than 90% of day traders lose money on the long run
and regarding to gamblers.... I have no idea

does anyone check these statistics?

I totally agree with you on that sports betting is like day trading. I actually have been using sports betting to increase my Ethereum stack the past 6 months and it has been working out great until almost all sports have shut down due to the corona virus. I have been very successful betting on sports games in live play which is very much like day trading as we can check the stats and see how a team is performing during the game before placing a bet so I have found this very similar to day trading.

Where did you find that kind of statistics? But maybe I'll agree to you that onle few day traders are having consistency in the market due to the volatility. I cannot find any similarities between day trading and gambling except it is both risky. I am both gambler and trader and the approaches are really different to each other so I cannot say thats gambling is like day trading.

And in addition, if you are going to compare day trading to gambling, when you lose at the day trade you can just hold it and turn it into long term trading so that, if the coin pump you can take the profit. In trading you can only lose if you don't have a patience to wait for your trade to go up however, in gambling when you lose, that's it! The only way to get your money back is to bet and risk again.

In both gambling and trading, we know that some people can make money, but most people will lose their money. So whether we say gambling is like day trading or not, we agree that both can be the way for people who can use the knowledge to make money. And if people don't know anything about gambling or trading, they better not to do that more often because they will get the risk of losing the money.

You are talking about only a part of gamblers, and not even a major one. Most gamblers know damn well that it's not easy to win at least something, let alone winning manifold of your balance. So, gamblers too think that the higher the bankroll the better, but, on the other hand, you should be very careful with this kind of thinking. Your bankroll should never be much higher than you can easily afford to lose. And this applies to day traders too, btw.

Agree.
Sports betting is a game with probability, in a simplified version you will either win or not, if you do not go deep into the odds. In trading, the principle is the same; you need to guess where the trend will go.
Games against casinos are very different from the things listed above due to the fact that against the casino you will always have a negative mathematical expectation.

That is a significant difference between gambling and trading, when you gamble you know the outcome of your bet immediately and there is no way to change it but when it comes to trading you can change the outcome by changing the amount of time you hold your coins, but while you give a positive example of this there are many other ways to convert a winning trade into a losing one, and one of the classical ways to do that is to keep holding your coins thinking the market will still go up in price and letting greed take control over the trade only to discover too late that is not the case and instead of earning money you lose it.

I do not have accurate data, but if we reason from the point of view of mathematics, then the longer the distance and the greater the number of bets, the closer the number of losers will be closer to 100%. Both of these games have a negative mathematical expectation, so the result will be the same.

I agree that gambling is a sort of trading if you treat this a money business. But gambling is really different from trading because you can enjoy while you are in gambling. Maybe gambling that base on luck will be considered as like in trading but those gambling that based on skills I think I can not compare with it to trading.

Skills are needed when you do serious trading business, understanding the risk factors and correct money managements in order to correctly anticipated the market conditions, same alike with skilled based gambling where you needed to assess and analyze every bets that you will going to pick together with your skills you'll be able to compensate from this kind of business.

We can also reason from the known fact that casinos are in a net profit and not a net loss. Simulated mathematically, even EV- game is a loss for the player and a win for the casino. Now you can perform this on any browser by searching on the net for simulators.

Again this not mean that EV+ games are going to be contrary. They also have a luck factor involved and will lead to losses if the person is betting without doing analysis. The same logic can also be applied to trading without learning how to trade, just buying shitcoins without doing some research.

So maybe EV+ gambling can be said to be similar to day trading, because the luck factor is there but analysis and knowledge is also needed.

Trading is less risk we know that and gambling or most risky in crypto ways of earnings. I don't see that they are same but also we can also spend more money once we do any mistake. Day trading is where you can earn in short a time but also in the longterm you can get a big profit in gambling only shorterm for you to know the outcome.

Gambling is totally different from day trading,  the only day trading that is kind of more similar to gambling is the future trading whereby you tend to leverage,  like x5 or more, the liquidation in it perhaps makes it look more like a gambling to me in my opinion.

In gambling it's either you win or lose,  in day trading, if you are on spot trading you can recover your loss back, in as much as you did not sell at loss,  but as for the leverage day trading, once you hit the liquidation zone,  you lost which is more like a gambling also,  because you tend to loose your money if your prediction goes south

Any activity can be profitable in the long run if you clearly know what you are doing.
Unfortunately in the casino, if you know the system by which you can win, you will be calculated and added to the black list. However, if you are careful enough you can earn quite a bit of money.

The blacklist is possible and the casinos share the same data with each other for preventing the access of cheaters/scammers. Regarding the long-run profitability, only having an edge can make it possible. Otherwise, the house edge will kill the odds of winning, the edge is first priority, IMO.

They will easily notice if there are people who are cheating because that would affected their profitability, and casino's by nature are profitable as long as they have customers playing in their casino, whether online or physical casino. In physical casino, it's hard to cheap as they have a very sophisticated security system,.. maybe cheating is possible online like hacking but like I said, they'll figure that out and will improve their site.

Besides that, if we are doing trading with having skills, we have the opportunity to make a profit or recover from the loss unless the market is not increasing for a long time. But trading can be gambling when we don't analyze, and we are guessing about where the price will moves. If people do like that, then they need to prepare to get stuck at a high price because they don't analyze before they trade.

Both market trading and gambling depend very much on luck. But their goals are different. Gambling is more like a pleasant pastime than earning money, and trading is the opposite. No one tells his wife: "I'm going to go out with my friends and trade and have a beer."

I don't believe in this principle, in order for trading to be compared as gambling, it should be short term, and you don't get much luck in short term, you only get more luck when you are holding and trading it for long term.

It's more on your consistency and the ability to be profitable.

It varies from a specific gambler, not all gamblers are just treating gambling for fun, those professionals are sure doing it for a living.

   I guess we can compare day trading and gambling, theoretically we can compare anything we want. In this
case now, we have some similarities between day trading and gambling, but I would't say that one is like other,
even with many similarities, there are huge differences as well.
   I think anyone can gamble and win, with a bit luck. Day trading require knowledge, it's not like anyone can
do it and make profit!

I consider both are different because in gambling many games are part of you luck where you just press the button and you either win or lose it.  But in trading there are different things on which process may be depended and you need to know many things which can help you make money. Luck also plays vital role but not like you make 100% or you end up losing everything in trading. Gambling in many countries or religion is banned but not trading of legal things.

Not really, there are professional traders who are good with trading. Trading and gambling is more like a luck based earning access for people who are good and with better understanding about the market. When it comes to gambling, through sports betting professional people earn it. We need to learn continuously, and after that when we experiment surely we'll get a bigger win.

I think yes...
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.

Ahaha, that true for sure. Both on gambling and trading there only 5-6 % of people who get money, most in long term only lost their funds. And yeah, it's more like trading is like gambling, not vice versa  ;D

It is, gambling and trading was just similar or maybe business  ;D. You could easily double your investment in both  gambling and trading  if your are just lucky.

But trading would be less risky than gambling you are not really going to lose money in trading unless you sell your investment but in gambling you could easily lose it all.

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.

Daytrading is really a lot like playing slot machines or roulette...  Everywhere you need amazing luck to win more than you lose! Especially in the case of margin trading... After all, if you trade on the spot exchange, in the worst case, you will still have coins or tokens, which (in theory ;)) can be sold without a loss! ;D But in slot machines you lose your coins permanently, as well as on the margin trading ... ;)

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.

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.

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!

There no "the best platform" to lose your money. And about luck: trading and gambling depends on luck. both. There no difference.


What time you put in meaning "short term investments"? One week?  ;D


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.

No, not for one week! Some coins can be held for 3-6 months and make a good profit!
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! ;D

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?

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.

They arent the same on general sense yet gambling would really be gambling and trading would really be trading but there are
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.

And you are right, the analysis is different because gambling is totally different from trading and no way to think about doubling your money is just a dream. We are blinded to see the reality about gambling and you'll be lucky enough if you could win unlike trading that certainly be needing knowledge and skills.

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.

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.

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.

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.

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.

There are only two similarities that I see in both gambling and trading, it is the risks and the term "discipline". The risks in those are really high that is why we should learn how to manage it carefully. Both have different skills and techniques that are important in order to be profitable.

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.

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 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.

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! ;D

You are right, in gambling like sports betting you will need to have to analyze every match and place your bet upon your analysis was done. Just kinda sort of trading, you also need technical and fundamental analysis in predicting which team will win. Not only sports betting required skill in gambling, but it is also in card games like poker and tong-its.

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.

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.

for me, daily trading is like gambling which only relies on luck (without analysis and skill)..  I still remember what someone said "TRADING = 20% buy or sell & 80% WAIT"

That's right.. Poker, sports betting (soccer, boxing, basketball, and racing) is the same as Profesional Trading that requires technical analysis..

Gambling does not require skills but day trading require a lot of skills, so how is gambling like day trading ?  For the risk point of view, you can say that both of them are risky, but still if you are an expert, you can earn good profit with your skills. But in gambling you are totally blind whether you can win or lose.

Okay, daytime trading is like playing roulette... You have a bunch of altcoins that you can buy, but only a few will bring you profit! Skills hardly work here...
It's like betting on different numbers of red and white!

They say that only 6% of traders successfully earn! How many percent of these people can be attributed to day traders?

You can combined your knowledge and your entertainment when it comes to sports gambling, as some of the gamblers who played this type of gambling are also fans of respective sports games, they are just adding the fun when they put something in the pot believing that their favorite players/teams will win and bring them the money.

Don't go far about the house edge and the management of trading sites. The logic that I'm telling to be similar was about he mentioned about losing your trades and bets and at the same time, taking back those losses. The logic is similar right? you lose your bet and then later, you want to take it back and gamble again. And the same with trading, you lose your trades, you can recover it as well by trading again. I think the logic that I'm saying is simple and not too complicated at all.

and also Gambling gives more chances if you are lucky while in Trading you must be completely skilled and with Big knowledge before truly Gains profit.

and Gambling usually a gateway to have fun and challenge while Trading mostly do for people to make a living,as i have some friend that leave their regular work to focus in Trading while the person i know lose Hos job because of gambling those are different way of not having work.

Without analyzing the altcoin, you will end up waiting for a long time if you're lucky enough, but if you're not lucky, then you will not make any profit at all. Yes, in daily trading, you will need hard work in selecting the coin so you can have a chance to make a profit. I think that is not betting on different numbers because you already analyze which coin to buy so you might get a profit later.

I am not sure if 6% of traders successfully earn because we don't have the right info about that. But I am sure that if we can have the skill to analyze the coin, then we will be able to make a profit.

I understand what you are trying to tell about the illusion of calculated risk but there is one advantage you can make a decision on not to sell at a loss and that is not possible with gambling and hence you really cannot compare gambling and day trading as traders are not forced to sell and that is a major difference  ;).

I'm not talking about trading shitcoins. I mean not only about them. I'm talking about day trading on any asset, like bitcoin, oil or gold. I don't know any man (or woman) which would live from this activity for a long time. For a some month or even years, maybe. But the same can be told about poker players too.

For example, I know 3 traders personally who make a living with the profit of the forex trading. The long term spot forex market traders analyze the macroeconomic trends and join before anyone else. There is an edge on long term-swing trading, what about the gambling?

Finding an edge in your life is not easy like I have compared the similar case in gambling. Not all gamblers have the same opportunity to learn the hidden secrets in gambling industry, some lucky guys already have won the huge amounts of cash. Money management is the 70% of the any working gambling strategy.

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.

yes of course gambling is very different from trading, when you trade and the price falls then the only change is the estimated value of your assets whose value can recover when the price has recovered, whereas if you gamble and you lose then your assets will not be able to return again because the armpit is gone it will forever be gone.

In trading, the losses should be smaller than wins like in gambling but there is a difference: Traders can use stop loss and limit orders for managing the risk/reward. Gamblers are emotional which makes them weak, traders don't need to make an instant decision because the trading position can go back to the green zone after staying in the red zone for a long time.

Anyone can start the trading too but the inner line is to find your edge in trading for being successful long term trader. Gambling is always will be short term and this is the biggest disadvantage of gamblers. Knowledge factor is not the main one compared to the luck factor in gambling.

Are you sure that they are "traders"? Not investors? Or people which selling their "insides" to others?  :)

I think they should be called investors as for living in long-term trading. Traders aren't living in the concept of long-term since they are continuously tracking the stocks and holding it for a short period of time. Buy and hold principle is for investors.

Yes, in gambling if you lose, it's very huge depends on the amount you bet. While in trading, there are loses but minimal only since it requires timing to avoid huge income loss.

Ah, understood. Of course this is not "traders" which i was talked about.


Traders are emotional too, it depends on person.
Gamblers risk management in his head, but he still have it.
Only bolded text is true.

Also, with short position your potential loss (if you for example do not make stop loss) is endless. Like in gambling tho

Sports betting and poker come under the casino too. Be specific! ;D Day trading is also a 50-50 win loss game. You can have some stocks that you buy sell and make profit because you know its trends but it is tough to find such because you need to monitor them everyday and read charts, lot of works for those who are trying to get rich quick and so they dont go for it but attempt dice games where they eventually lose and thus have the mindset that day trading is also gambling, which is not completely correct.

Because you lost money on intraday does not mean that TA has no part in it. The two are completely different statements. You can make or lose money but gambling on EV- will be a loss without any doubt. Gambling on EV+ games have a chance of winning by skills.

There are some people who are doing day trading and earning good money. This is because they are very experienced in trading. If you are expert in trading and reading charts, day trading better suited to you. Casino games and gambling are totally risky for the newbies as well as for the experienced gamblers.

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?

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.

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.

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.

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.

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.

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.

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 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.

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.

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.

---

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

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...

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.

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.

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.

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.

In what other games do you need a skill? I would not classify sports betting as simple gambling. This is a more complex action. Poker is usually played not against a casino but with other players. I agree with you in them a skill is needed.
However, I was referring to normal gambling. For example, dice, roulette, slot machines.

In trade, in all cases, you need a skill, there to rely on luck is stupid.

Definitely but you can still trade even if you rely on skills, just like gambling, but if you want to be profitable in the long run, don't rely on luck but on your skills as that would give someone consistency on what he does either in gambling or trading.

Some people are serious with gambling, they hope to be lucky but they have so much trust on their skills because they build it and develop it to give them consistency on winning, so maybe people have different approach in gambling and some does not believe that skills could give you a win but me I do believe as long as you gamble on games where your skills can be useful.

I agree if we are talking about gambling games like dice, slots, or roulette. These games basically are no need special skills instead of luck to have a big role. While trading surely needs skills and certain knowledge in analyzing market trends. You will be at a big risk if you trade without sufficient knowledge and lack of skills. That's why people said to learn much before trading!     

I have always considered gambling only as entertainment. Most likely there are people who are trying to make money on gambling. And perhaps (as someone wrote earlier) there is an opportunity to constantly earn money on poker or on sports betting. However, I personally believe that everything is more based on luck.
In trading, too, luck is needed, but there everything depends much more on the skill to trade.

Can't agree with you. In fact, everything the same in meaning skill + luck. For example, poker needed some strategies when you playing, analyzing of game situation, counting probability and so on. But in final, only your luck will decide exodus of the specific game. But if you're good player, on distance you have a bigger  (not big, not for sure) probability to win. The same with trading, you can be very good trading, but your patterns and tech analyse will fail and you ll lost your money. But the same moment, with good skills and knowledge you have a bigger probability to make money.

But on my mind, most traders also as gamblers - losing. I would count their percent as 95 %.

Although day trading is very professional and respected business for you, but imagine at the end of the day, "Day-trading" and Gambling is almost same things. Day-trading depends on small price fluctuations, you will never know when the price will go up and down. Day-trading is totally dependent on your luck. On the other hand, gambling is almost same thing. It also depends on your fate. You also told that, “Trading depends on skill & technique. I agree with this, with the help of skill & technique, you can predict the movement of the market. but remember, "Day-trading" & "long-term trading" doesn't work in the same way, no one can say exactly when the price will go up in day trading.

Why does everyone only mention poker? On this point, I agreed. However, there is a lot of gambling. Tell me what skill should I have to constantly win at dice? Or in slot machines? What do I need to be able to do, especially in these days of virtual gambling?

I agree that gambling and trading are very demanding on luck. However, skills in trading is more important than in gambling (with the exception of poker and betting).

Of course you don't need any skills with dice or roulette, nor luck. Only hope that casino is fair  :D


"More important", "less important" - it's just a dialectic terms. In my previous message i tried to show that in gambling or trading, skills doesn't affect too much if luck it's not on your side. Even the best (from theory and books) analysis will be useless if it din't help you to guess where is market moved. sometimes your analysis is confirmed, sometimes it is not. Even the best traders can't be right all of time. The same as gamblers.

Dice or roulette also do need luck when you are gambling. Of course, hoping that the casino is also important. You can use strategies on winning casino games while in trading is you also need strategy and skills where in gambling skills is not that important. Everyone have their own opinions and point of view maybe that is why op think that gambling is like day trading.

With gambling I need strategy, skills and luck. I can have a fun time, I must be very cautious, master my self control and know when to withdraw from the bet. While in trading, the sentiment is cold and calculating, in both we always seek the same goal: to obtain profits but the level of satisfaction is different.

Johnny, I was just expressing my own opinion. I made all the conclusions based on my experience.

Traders can also make mistakes in the analysis, in the chosen trading strategy, they may not be lucky and they will receive losses. However, professional experienced traders in most cases will profit from a long distance.

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.

just forget about the luck, you need good strategy and skills so you can win, luck will only give you few wins but skills and luck will give you consistency that you'll be confident when you are gambling.

If its possible to do both then why not?
the thing is, it's important that you love what you are doing, otherwise you will not get anything from gambling, winning is just some kind of extra for me because when I gamble I already understand that gamblers loses most of the time, that's why we need not to be aggressive, but if you have skills that's gonna be different.

Can you share your strategy for winning the dice with us? I've heard that some casinos support multiple bets when playing dice.

Trading can also differ from gambling in that information is important there. You can find out that a certain coin will be placed on a major exchange in a few days. Thanks to this knowledge, you can earn a lot of money. Is this possible in a game of dice?

The strategy in gambling dice is to only set the numbers where if the numbers are right then the victory will occur but still manage the numbers should be often because that is the most important strategy in my opinion.

But in trading, it takes a mature strategy and strong analysis so that we can choose potential and profitable coins for us, so of course it's very different between trading and gambling strategies, but gambling is more likely to be lucky.

This is what I always say when day trading and gambling are being compared to each other.

The way you can get profit in this 2 different things are different. In gambling you will just win on it if you are lucky and you know how to stop when you need to. On the other hand, you can get profits in day trading if you are good in TA, have knowledge in trading etc etc.

However, day trading can be considered gambling too if you are doing it without proper knowledge. This is what most of the newbie traders are doing most of the time. Its like they are jumping in a cliff hoping that they will survive the fall. The chances of them to lose money in day trading is very high if they trade without knowledge and can't read the charts.

I think you nail the difference between gambling and trading.

In trading, there's no time for you to have some fun as you trade and it's no fun if you're losing. Whilst, as you gamble, you can have fun despite losing.

Using different perceptions, with trading you go and deal with this business only to attain profits while in gambling you do have other things, you only play to enjoy and be entertained and even you lose you can go out with a smile and satisfaction, while with trading you spend your time trying to win over other traders knowledge and position. Everyday is the same competing with other traders and hoping that your assessment will bring your profits.

There's no competition in trading that you have to outstand other traders in terms of profit. Everybody has his own style of trading and goal how much to profit unless there are competitions made by exchanges.

And yes, those are the things that a gambler and a trader thinks except the latter.

Basically the two are different, but when they do it every day or in this case it is about day trading and day gambling, then in the end they will both be looking for profit and no longer about just having fun. Different when you gamble just to fill spare time or gamble only with money that can lose, it is certainly not the same as trading, because even though you do not trade every day but still, in trading profit is the main goal, but in gambling often or not they have various purposes.

Some people will have an idea of what day trading is compared to gambling. Someone I had chat with about trading and all he said was that it's like betting up and downtrend game. You may consider it a very simple idea to day trading or simply making it a game of chance. Either way, both opinions are about money-making.

In trading, I know what you need to set and study in order to make a profit with a high probability.
But I don't know how to make calculations and what to do to win at dice with a high probability. Please share your secret.

So, do you think gambling is the same as day trading because both are easy to do and have goals to earn money? Playing gambling like dice or roulette is indeed so easy, but I doubt if day trading is as easy as the games. It needs skills, not only about monitoring up and down the rates/prices. However, easy or not sometimes will be quite subjective. Some people may think day trading is easy but others not.

There's chances of a profit on trading than gambling, gambling is purely luck, while trading although risky can yield you profit if done in proper way and timing, on addiction it depends on how deep the gambler is but a professional help is always needed if you want to get rid of gambling, and on overall profit, very few gamblers have attained that, it's a game of luck you know.

Yes, another difference in gambling and trading.

You can gamble recklessly while in trading, you are feeling the need to take care of your trades. Because if you don't, you're losing it as quickly as gambling. There's the feeling contraction when you gamble and when you trade but as always, that feeling is normal and mutual.

I also believe that day trading is much more demanding on skills than playing many gambling games. I wrote about this earlier. However, reading the topic we can see that a large number of people put an equal sign between day trading and gambling. I think that this is primarily a matter of luck. A lot depends on luck in both trading and gambling. That's the reason.

Not at all. I mean both need money to make money but one is a gamble when you're not the one who is playing ,you're just the guy who made an assumption about the result of that game/match when in trading you're the one who controls almost everything, it's up to you to read the charts and take the best solution...would be nice in gambling if I could trow the ball in corner when I need 1 more or I could miss e penalty when I don't need 1 goal so you see this 2 are kinda the same but totally different.

I agree with you. Day trading will need to have skills, but gambling also needs to have skills for some gambling games. We might agree that if we trade doesn't use analysis, that will be the same as playing gambling base on luck because we only count on the luck itself to make money or profit. Many traders still use this way to make money, and they predicted that the price would be on what they want, so they place the order and wait for a while. But if their order is not filled, they will not make a profit, but they still have the initial money, and that is different from gambling.

Technical analysis works well in the stock and currency markets. In the crypto market, I have seen enough cases when technical analysis made serious mistakes. I may have applied it incorrectly and these were my mistakes. However, it is true that gradually the more you trade you learn to do it better and better. And for a long period of time, a skilled trader will trade with profit.
When playing dice, you can't influence the result in any way with your ability, you only need luck.

Many traders are offended when gambling is compared to trading. But my personal opinion, there really is a lot in common.

You are right I think there should be two separate technical analysis for crypto and the stock market.


Because the traders study the market, they plan for an entry point and wait for an exits point by analyzing the chart. They do not depend on the chance only. On the contrary, a gambler needed to make a plan that depends purely on the chances.
In gambling, there is always a chance to lose all of your money, how much experience you maybe it can trigger your bad emotions after couple of bad or good luck. But in day trading you are not going down to zero in a single day. You may lose a good amount of money but you have enough time to clam down your mind and replan again.

Of course not, although its almost the same and we will have a very clear difference between the two. Some things that make it different are:

• The style of a trader, if a trader has a habit of trading only as long as he chooses, hoping to make a profit without doing analysis, then the trader can be categorized as a gambler on trade. Traders are those who make purchases and trade only after they have done a good analysis and do not make random choices.
• The characteristics between gamblers and traders are also different.
• Risk management. Gambling does not have risk management, but when trading you must have risk management if you want to survive in the market.
• e.t.c

Although sometimes a trader has the same habits and characteristics as a gambler, but we cant assume that trading is gambling. Smart traders are not gamblers, only those who have wrong habits and characteristics that can be said to be gamblers in trading.

They're both money-making but have some difference risk. the other one is all about luck no matter what happens and the other one is all about research and proper knowledge. both have some different views by the law, cause some governments don't allow their citizens to gamble because of some risk that it would make to the community and some government has banned the trading activity and will punish someone who is caught by doing this act.

In fact, this is proved by the fact that technical analysis only works if the majority of market participants believe in it and follow its rules. In the crypto market, many traders do not have experience in technical analysis, so they do not use it. They rely more on their intuition and luck. This is why gambling and trading on exchanges are very similar for them.

I agree with that as when I started trading, I really don't have enough knowledge, I was just so eager to try to trade but I learn I would never be consistent if I will not study and try to analyze the market.

Maybe at the start, but if you keep doing this in trading, trader would not last, he will just lose in the long run.
Trading is not an entertainment, it's a job or a profession if we will consider it, so it should not be the same as gambling.

They are the same at some point but has a different way on how to earn or how you can grow your money. Compared to trading, gambling is more risky because you are depending more on luck, in some games (like lottery) no strategies can be applied to have an assurance you can hit the jackpot. While on trading, its an edge to have a knowledge, experience and knows how to analyze the market.

The more we can learn, the more our chance to make a profit. Not just learn for another lesson, but it is also learned from your mistake that will give you another lesson. I also make a mistake in trading by analyzing the wrong entry point, so that makes me get lost, but that is not stopping me from learning more about analysis. It is different from the dice game as we know that we need to have the luck to win.


You cannot argue with your friend because gambling is like day trading or not because he will have different opinions than you. But maybe both of you will agree that if you trade without analyze, then that will be the same as gambling.

So I'm not the only one who thinks so. I am very happy that there were many responses to my idea and we all share the same opinion. For trading on crypto exchanges really need to have the necessary experience and skills, and for most gambling games, you need to rely on your luck.

In gambling games, there is no khurus skill, just rely on your luck, you will be lucky, but what can be controlled in gambling is greed, so you can play gambling without losing big.

In trading it is possible to talk such as analysis and skills that we must prepare to know which coins we trade for profit.

But gambling is always challenging where we can play again even though we have suffered huge losses.

If it is fair to say that in some gambling games require skill. For example, poker or sports betting. That is why when I say that gambling requires more luck, I specify that I am not talking about all types of gambling.
In trading on crypto exchanges, too, luck will not be superfluous. However, here skill is more important than luck.

You need luck in trading also. Remember the leverage platforms which pay to 10x-100x leverage amount and you have to guess the right movement of bitcoin. I think luck plays a major part there too but people think that they have skills and therefore they did a successful trade, which is not the actual reality.

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

I totally disagree, luck is not included in trading.

Trading is not as simple as you have to guess the price movement, traders have the knowledge and capability to read the market price movement base on their experience. They don't base their possible profit on luck, because every time they trade they already have their expectations.

Tell me some traders that make a living from trading and you will have a lot of difficulties doing so because they are non existent.The ones showing profit at etoro trading platform are not consistent at all.Unless you happen to work in a central bank where you know before what will happen to forex pairs for example you cannot tell that luck is not included in trading because it is needed in big amounts here too just as in gambling.

Yes, I agree with you. In the trading, crypto or forex trading, we really need to have experience and skills to get the right coins so we can make a profit. And that will not be the same as gambling. When you don't have luck, then you cannot get a win. But both, gambling and trading will not be easy to make money because we need to know the right timing to enter the market. In gambling, we need to know when we can stop gamble, so we don't lose all of the money.

If you think that gambling is based on luck, you would not really think that you can also consider gambling as a way like in trading where you can analyze  the game, the game that I am referring are not games that are played based on luck only, games with house edge because we can never win consistently in games with house edge, I am referring to sports betting and poker as well.

Indeed. You don't need luck in trading because for you to earn good profit in trading you need to have skills on how you make a successful trade and analyze the market's movement. In gambling, there are specific games that you need to have skills like poker, but mostly for you to win in gambling you really need to have some luck.

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

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

More on profits and less with entertainment, gamblers are there to try pushing some luck to earned it's not new to this industry. Also the very reason why lots of addicted gamblers ruined their life because of misconceptions.
Taking the risk without knowing anything will ends you up like gambling to your luck, day trading also have patterns to follow some hints that can give you good chance to position your investment to the right assets.

Oh, right. I completely forgot about trading with leverage. I trade coins without using leverage. Really who trades with a shoulder of X10 or more is a really crazy guy. And this person must rely on the God of luck in addition to their skills.

We can also consider the fact of losing or winning as a comparison. In gambling and in trading there is approximately the same probability... Usually people lose! ;)

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 like trading more than gambling because I am looking for a small profit margin to maintain my capital. On the other hand, with gambling you enjoy your favorite games but later you get anxious to see your winnings, whether from small to large.

I still see people who think that gamblers are just going for entertainment and ignore the fact that money is the inspiration why we gamble.

They're making the reason of making money lowkey.

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.

Gambling still needs luck, whether we say that skills take part in gambling or not. Trading can be a way to make a profit than gambling if you have skills in trading. But if you say that sports betting and poker can give you a profit, I think that can work well too as I know that some gamblers who bet in sports and poker can make money too. Well, not all people gamble in sports and poker since the lesson to skill to collect the data in the sports and poker games will be too difficult for me.


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 ;D

Never seen this thread before LoL, I wanna ask what the OP's thinking? Comparing trading to gambling LoL. And AFAIK in Day trading the loss is pretty much low in risks, comoared to gambling which is 50-50.

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

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.


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.

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.

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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 am also surprised by the OP, they are comparing Trade and Gambling even though it is clear the difference is very far in terms of theory and even technique.

That is truly the behavior of NOOB people, I often say that in this world there is nothing more instant more in trade or gambling.
Everything needs a learning process, understanding how to do it correctly.  Because anyone without learning either in trading or gambling I am sure will not be able to benefit from both.

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.


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.

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  ;D ). 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.

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.

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.

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.

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.

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.

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.

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 .
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 .
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 .

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.

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.

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.

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.

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.

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.

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.

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!!  ;)

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.

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.

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.

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.

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?

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).

But at least in trading can make a cut when it has a wrong prediction, which can not be done on gambling.
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.

In theory, there are probabilities and the real statistics figures for both trading&gambling. Luck based games are usually slots, roulette but there are alternative skill based games such as blackjack, high-low, poker. You can see the dealer's hand and prepare your next move with thinking twice on Blackjack while on roulette everything depends on landing ball on each spin.

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).

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.

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.



  

That is true if day trading is like gambling, but if you can analyze before you do something, and you can get the right clue for what coin you can buy, I think you can avoid the gambling side. You can use the daily charts, minute and hours at the market to help you analyze so you can know when the time to enter the market. But I think it is hard to set the bot to do day trading because the market will always move.

I think gambling is not like a day trading because there are many traders who are doing trading on daily basis and they gain a lot of profit so in day trading if you have more skills and more knowledge then you can easily make a lot of profit, otherwise day trading is also risky but when you face high risk then its return will be also high.

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/

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.

Even when analyzing teams in sports betting, your winnings depend on your luck! In trading as well, sometimes the market does not move according to your predictions... Of course, more often the one who has knowledge wins, but a lot depends on luck!

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

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.

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.

Yes, we still need our lucky, which can support us to win the games. So we can see that both trading and gambling will need the luck to make money, but the chance to lose will be bigger in gambling than in trading.


But even if that player has a high-skills in poker games, he cannot play randomly without thinking about making a strategy to win and depend on his luck to win. But remember, that even a good poker player will not always have their luck comes in the poker game because we don't know when the luck will come.

these are similar things... i have experience in both... and both make you lose your money

I agree, gambling  is mostly based on luck whereas in trading you should rely more on you valuation skills. It will be hard to find a gambling strategy that is continiously making you money - which would mean the casino is losing. Eventually the casino would fix any flaws in their games or go bust.

In trading you view your asset based on on your own analysis and valuations, if the market price is above your predictions, you have the option to short the stock. In gambling you can only stop playing, but to take the other side you would have to run your own casino.

How do you know that you will have a bigger chance to lose money in betting than in trading?

For me, trading and betting are the same types of work. You need analysis, money/risk management on both.

In trading, your profit will depend on the performance of the company or the currency owner. And in betting, your profit will depend on the performance of the team you bet on.

While they are similar the difference is also huge. In gambling the situation is uniform and same all time so basically you will get hooked if you win big once, you will think you are gonna win all the time! But in trading , the markets vary all the time, it's harder to get hooked into as a bullish market can soon become bearish :)

Indeed. We can expect to get entertainment or fun through gambling games, but it is likely not to happen in trading. In my view, trading is a more serious activity, while gambling is created with features for entertainment. It is a fundamental difference between gambling and trading, so in my opinion those are clearly not the same.

But people should be more cautious about gambling.

Trading would give you losses but that is just the percentage of the money you will lose but not all of them unlike in gambling. There are a lot of people having a problem with a gambling addiction but I don't think we have a problem with trading, right?

People always look for various ways to get rid of the stress of daily life. There are many ways to relax, and it depends on whether the person has a risk-taking characteristic. Day trading is a cousin to both investing and gambling and gambling often depends only on how lucky you are. So even though I always do my cryptocurrency trades on a long-term basis, I gamble not just to make money but to have fun. Also, gambling addiction has a lot to do with a person's character. If the person was not sufficiently resistant to addictions, he could have been addicted to something else rather than gambling. Btw, I know people who have gambled and made a lot of money, but some people have lost so much. Regardless, you should enjoy doing something, whether you win or lose.

You can try by yourself ;)

I don't think that is the same types of work. I prefer to do trading, but maybe you prefer sports betting, and that is no problem ;)

When you lose in the sports betting, the money will lose, and you will need to search the other games and make another analysis, money/risk management on both while you still don't know when your luck will come.

In trading, if you lose and you still hold the coin, you will have a chance to see the price will increase in the future. As long as you can hold the potential coin, you can recover your losses.

And if you can search for the other coins which have the potential to make a profit for you. If you have good skills, it is not difficult to find that coins as we know that in the market will have so many potential coins which can increase anytime.

They have a lot of similarities but it doesn't mean that they're the same. Yes, it's a fact that you can lose your money for both things but it's differ with many things too. You can reiterate the comments about gambling is being made for fun and in trading, you can't do it for fun.
In trading, it's seriously making money and you can't force yourself to do YOLO because in split seconds you can lose everything you have due to market's volatility.

They have some similar facts but gambling is way more fun than trading. Also to become a trader you need to learn a lot but when you gamble you're already fan of one sport so you know the teams , players , coaches, weakness and strengths so betting will be easier and funnier for you. There are also a lot of sports when you can choose from but in trading even if you have a lot of option ...most of them are the same and offer the same results.

I think, when they have skills in trading and also gambling then they will still be able to make the fun there and somehow, but the main thing is about making a profit which will certainly make them keep doing it whether it's trading and also gambling with a fun to each of them. For me personally trading and gambling are indeed different, but on the other hand there is indeed a similarity about a risk, but if we can do it with full calculation then I think trading and gambling will be fine to do.

You can profit while day trading. Definitely the risks are similar when you are talking about these two, but trading doesn't have mathematically impossibility of profit. When you are gambling (well on places with house edge) you are going to lose 100% of the time, even if you think you win, you will lose that profit later on.

Trading on the other hand is something you could learn and get better and if you are patient enough all trades are profitable trades. Let's say you bought a coin and it dropped 95%, there is still a chance it could go up in a decade if you are willing to wait that long, I wouldn't be but you would be able to.

So long story short, trading is not like gambling, if you want to pick one of these, I would suggest picking trading because that way you could profit a lot easier.

I'm not sure I see your point

Typically, short-term trading is compared to gambling, but a reverse comparison doesn't make much sense. It goes without saying that the longer you gamble the more effect the house edge has until luck becomes completely irrelevant (read, you are set to lose). There are loopholes that allow you to stay in profit overall when gambling and being a blind contrarian won't change the fact. But with short-term trading there are many more such "loopholes", so trading should be preferred over gambling, all other things considered and equal (read, you know how to trade)

I do agree that day trading is a lot like gambling... although traders seem to have more tools and theory, the market is so small and so prune to control by a few whales that it turns to be a lot like gambling, a matter of being lucky when your move fits the whale interests... although it is not always like this and there are a few that can actually get something from all those chart theories...

Personally, I see a very clear similarity between these two classes.

Those who are engaged in gambling should know how probabilities work and be able to mathematically calculate the likely outcome of events,
while day trading also represents work with probabilities, but there are more things that affect this or that outcome.

In addition, in trading there are elements that affect the outcome that cannot be calculated or taken into account.
Trading is much more difficult due to its unlimited potential outcomes. After all, anything can affect the market, while cards are pure mathematics.

I do not agree that gambling is the same as day trading, because for me gambling is only as entertainment. While day trading it is done
to be able to generate profits, and with day trading can get income every day. Then you call day trading like playing with wild fire, whereas
if we have good market analysis skills and always use stop-loss. Day trading is quite safe to do. In my opinion, very few number of gamblers
can profit every day, while quite a lot traders who can profit every day.

Surely, both trading and gambling have risks, even how much the percentage or level of the risks can be a bit different. In this matter, I agree that they have similarities. Although trading may have a lower risk, it can be as risky as gambling when you trade without sufficient knowledge. Well, it depends on the individual and the way he makes it. Anyway, what do you mean by saying "full calculation" on your statement above? Are you trying to say "deep analysis"?

Gambling and trading are not same, because in gambling you take risk and you win as there is s much part of luck in getting succeed but in trading the only thing that can make profit only by having knowledge about trading without knowledge you can never get profit at single try of trading but in gambling if you are lucky you can win at first try as well.

   Where money is involved there are risks. In gambling and trading we risk what we have to gain more, and
some people are successful in that, some are not, it's on each of us to try and to check how it works.
   Kawetsriyanto I agree with you that everything is on the individual level, for some gambling is better, for
others trading, both have risks, but who don't risk can't make profit.