Gambling is like day trading ?

[michellee]

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

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.

[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.

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.

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.

[bitcoinst]

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?

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.

[South Park]

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.

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.

[KTChampions]

~
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 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.

[DeadCoin]

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.

[joshy23]

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.

[TheUltraElite]

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.

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.

[bitcoin31]

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.

[Leo]

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

[bitcoinst]

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.

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.

[seleme]

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.

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.

[Kasabus]

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.

[ethereumhunter]

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.

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.

[FontSeli]

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.

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."

[Natalim]

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.

Both market trading and gambling depend very much on luck.

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.

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."

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

[Bezobraznike]

   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!

[onrise]

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

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.

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.

[romero121]

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.

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."

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.

[Renampun]

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

I think yes...
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.