Gambling is like day trading ?

[yazher]

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.

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.

[Genemind]

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.

[Wexnident]

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

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.

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.

[Lucasgabd]

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.

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.

[Botnake]

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.

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.

[iv4n]

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!

[TopT3ns]

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.

[redsun114]

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.

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.

[xSkylarx]

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.

[skarais]

Trading is a gamble due to the volatility of the market.

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.

[lienfaye]

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.

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.

[michellee]

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.

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.

[$crypto$]

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.

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.

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.

[Naida_BR]

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.

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.

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.

[TheAndy500]

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.

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.

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.

[Betwrong]

~
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!

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.

[Japinat]

~
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!

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.

[FontSeli]

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.

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.

[swogerino]

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.

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.

[panganib999]

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.

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.

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.

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.

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.

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.

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.

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 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.