Gambling is like day trading ?

[Golftech]

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.

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.

[boyptc]

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.

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.

[hahay]

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.

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.

[bittraffic]

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.

[FontSeli]

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.

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.

[kawetsriyanto]

~~

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.

[fortunecrypto]

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?

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.

[boyptc]

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.

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.

[FontSeli]

~~

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.

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.

[boltz]

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.

[ethereumhunter]

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.

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.

[FontSeli]

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.

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.

[ERKO20]

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

[suvo05]

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.

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

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

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.

[ShowOff]

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.

[yazher]

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.

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.

[FontSeli]

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.

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

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.

[Finestream]

In the crypto market, many traders do not have experience in technical analysis, so they do not use it.

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.

They rely more on their intuition and luck. This is why gambling and trading on exchanges are very similar for them.

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.

[lienfaye]

I have a friend trader and we argue with him often. I say that gambling is like day trading, he said shut up, trading isn't 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.

[ethereumhunter]

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.

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.

I have a friend trader and we argue with him often. I say that gambling is like day trading, he said shut up, trading isn't gambling.

But for some reason we are both nervous the same way, and we are doing analytics too.

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.