Gambling is like day trading ?

[Casdinyard]

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.

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.

[robelneo]

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 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.

[DevilSlayer]

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 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.

[boyptc]

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.

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.

[Finestream]

it's probably the most profitable industry because gamblers will always come back no matter what is the condition.

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.

[kawetsriyanto]

~it's probably the most profitable industry because gamblers will always come back no matter what is the condition.

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!! 

[michellee]

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.

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.

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.

[LogitechMouse]

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.

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.

[swogerino]

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.

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.

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.

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.

[Vannie12]

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.

[chaser15]

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?

[kawetsriyanto]

~ Still there is no assurance of profit both ways.

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).

[AakZaki]

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.

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.

[StephenJH]

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.

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).

[FontSeli]

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.

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.

[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 addictionand how to get rid of.
Are there gamblers here who are in profit overall?

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.



  

[michellee]

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.

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.

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.

[Triffin]

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 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.

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.

[sportbettor]

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?

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/

[ethereumhunter]

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 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.

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.

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.