Gambling is like day trading ?

[CryptopreneurBrainboss]

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?

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.

[pakhitheboss]

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.

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.

[Eugenar]

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?

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.

We know that day trading or short time trading is like playing with wild fire, not may can handle it. That's y most player's end up in loss and very few are successful day traders.
Is that hold true for gambling also?
  There are posts here that gambling is addiction and how to get rid of.
Are there gamblers here who are in profit overall?

Gambling is 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.

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.

[palle11]

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.

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 

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.

[White Christmas]

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?

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.

[LogitechMouse]

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.

[Finestream]

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.

[Ucy]

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.

[TheAndy500]

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?

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..

[yazher]

-snip

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.

[mydicebot]

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

trading also has trading bot as well...

[xvids]

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.

[Japinat]

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?

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..

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.

[Naida_BR]

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.

[Ucy]

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?

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..

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.

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.

[ralle14]

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 .

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  .  

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.

[TheAndy500]

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?

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..

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.

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.

[imstillthebest]

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?

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..

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.

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.

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 .

[peter0425]

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?

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.

[Betwrong]

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?

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.