Gambling is like day trading ?

[philanthropist67]

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?

[Mahanton]

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?

You got some points but they are entirely different when it comes to risk level.Gambling is for entertainment and Trading is for long term investment they would never be the same.

The time on when trading can be considered as gamble if you do just simply trade up without any analysis or basis regarding into your buying or selling position.They do differ when you play or trade
smart and wisely.

I highly believe that there are more successful traders rather than successful gamblers.What you think?

There are actually some gamblers who do make money but most of the time or the ration is heavily obvious in talks of lossers than winners.

[Debonaire217]

What do you mean? Because in day trading, I actually oppose the idea of playing with fire though there is a risk in losing fund because that is still an investment. But the case here is day trading is quite safer than long term hodling IMO, why? because day trading allows you to see the market every time and you will not miss out the opportunity to sell when you already see the profit. And comparing that to gambling, I don't think there is a seasonal time where you could lose allot or win. The reason is because in gambling, there is no assurance and your winnings will depend in your luck.

However, there are some sites that provide the chances of winnings or the odds for you to consider playing.

Let's take this as an example:

from this resource

Even though they've provided the odds of winning, there is no assurance that their system is really following a standard for randomizing numbers.

Meaning, betting will be based from your luck and not seasonal.

[Wexnident]

Day trading is based on personal opinion, on how the market works. On this sense, some factors can easily be seen that could affect the market, such as what are the prospects of the coin, what are the possible factors that could affect it and the like. It could be clearly seen but it honestly depents on the person himself on whether he could actually determine the future movement of the market depending on the factors. As for gambling, its kind of the same but different as well. On games, there 's always a random algorithm followed which makes the game truly random in of itself, thereby giving you no chance to actually formulate a strategy for it. As for gambling on games, well, those gives you clear odds regarding each team, depending on their performance and such but it isn't that rare for a black horse to suddenly come out and completely reverse the odds given.

[asu]

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?

Ahmm, probably it can be. If we're going to consider the risk of doing both (gambling and day trading) because day trading requires a lot of fundamental and it's hard to do it without the proper knowledge, while in gambling it just all based on luck. Both risky to play, you know...

Are there gamblers here who are in profit overall?

Pretty much, there is.

I'm in quite lucky last week and earned some good amount on it.

[mu_enrico]

Gambling is for entertainment and Trading is for long term investment they would never be the same.

Day trading is for the short term though, investing is not equal to trading.

The time on when trading can be considered as gamble if you do just simply trade up without any analysis or basis regarding into your buying or selling position.

This is the illusion of "calculated risk" when you perform TA. Even if you are an expert on TA, you cannot have 100% confidence in your prediction. You essentially "gamble" with the unknown. However, it's different than the pure "game of chance" when the results is solely based on the algorithm. The win chances and multipliers are fixed, wherein trading, it varies.

I highly believe that there are more successful traders rather than successful gamblers.What you think?

I'm afraid we can only guessing since no research about this issue AFAIK. However, from what I read, human traders are now obsolete, replaced by AI.

https://www.youtube.com/watch?v=THpXovjy7Bc

[South Park]

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?

The nature of gambling and trading may seem to be similar but it is not true, if you have abilities as a trader you can take trades that have a higher probability of being profitable, you just have to wait for them to appear on the charts while you cannot change at all the odds of the gambling games you play.

 There are posts here that gambling is addiction and how to get rid of.
Are there gamblers here who are in profit overall?

When it comes to gambling there are a few professional gamblers out there that can make money but most of them do it in games where you need to play against others like poker, the rest are on the losing side but that is not a big deal if your goal is just to have some fun.

[philanthropist67]

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.

[ampere]

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.

[FontSeli]

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?

They have many similarities. Both in day trading and in gambling, people are guided by excitement, the desire to earn money. And there and there very much depends not only on knowledge and experience but also on luck. This is what makes them very similar.

[harizen]

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.

It depends on what gambling type you are pointing but in general, it's not appropriate to compare gambling and day trading due to the fact that they have different factors looked at in order to win.

In day trades, you have the control on where to in and out so making a strategy is a must. You are playing with the price volatility here so you are against the whole traders - means the whole market. Unlike in gambling, you are dealing with the house that even you apply strategy it's useless. For sports betting, you will place your bet prior start of the game. You won't be to control the phase but you have the ability to make an analysis that can increase your winning chance rate.

Are there gamblers here who are in profit overall?

Yes, there is. You might not see it as it's not necessary after all to post winning stats here.

Bottom line, either day trades or gambling, it's risky to deal with these without any knowledge.

[Sadlife]

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.

[maydna]

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 hold for the coin is not the same as gambling as long as you can hold the right coin, even if the price is down like bitcoin price that we already saw today. If you can feel okay for holding the coin and you can accept the price, then it is not the same as gambling.

The addiction is one thing that the gamblers should avoid, and one thing that they need to do has control for themselves, so they don't have to afraid of addicting.

If we talk about the profit from gambling, I am sure that some gamblers can take the profit, but unfortunately, we don't know who they are.

[Darker45]

There are similarities as there are also differences but I think there more of the latter than the former. Both are the same in that both have risks. Both are the same in a way because both will give you results that you are not certain of. However, we also have to take note that when it comes to gambling there are just too many kinds of gambling games out there. Sports betting cannot be categorized with other gambling games such as dice and roulette in the same manner that poker cannot be categorized with lottery or slots.

I guess day trading is more like comparable to sports betting because you will need an analysis in both, an extensive one, so that your prediction will become more probable than without it.

[yanto@1977]

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 gambling and trading is different but you see from time frame, that is not objective because you must see from all side in complete form. Gambler can get profit consistent and some of them live from gambling, need time and hard work but reality they are exist. The problem is about addicted, use gambling for fun only and make good plan with limit, start gambling with the right mindset if can't never touch it.

[sunsilk]

Risking your money is a gamble and that's why you are considering that day trading is like that because you just can't be sure what will be the result of it unless you're very reliable and knowledgeable in reading the charts.

And the same goes for the gambling that we know. Example, you are in sports betting and you have the strategy that you have been using and it's very effective because you profit most of the time, the risk that you're accepting is like the trading risk that you have also whenever you trade but, you have the advantage because you have a game plan.

[absy]

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?

When it comes to the risk we are taking , you can say both are similar . If you consider other factors , then it is not .
If you gamble , all the things are dependent on only you  , you win -> You feel like you should win more -> you bet more . You lose -> you feel like you should recover -> you bet more , or if you are a good gambler you can stop after you feel its unlucky day for you .
Whereas in trading it is not the case , it depends on  not only you but on the decisions taken by the masses . The only thing similar? wagering more or stopping .

[DoublerHunter]

You have a point there, trading is a sort of gambling that you also risking your money in a short period of time.
But trading is required technical analysis just like sports betting and poker that need to analyze per game. However, there are various kinds of gamblings that you cant compare to base skills gambling, just like dice and roulette they are base on luck game that had a difference to trading activity. Nevertheless, gambling has a feature of fun activity whereas trading is a focus on earning money.

[TheUltraElite]

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.

This is somewhat debatable because trading does not some knowledge and skills to be able to make money. Now if you are talking about spot trading then these points apply. Again in options and futures you are literally gambling on the prices and placings bets for your predictions.

While the whole point is to make money you can see that long term holding is like a bank deposit getting interest when you sell your held stock. So that is a safer but less rewarding method.

Hence It can be considered as both a skill based speculation and a gambling method.

[shoreno]

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  .