Gambling is like day trading ?

[adzino]

Please stop comparing gambling with trading. Gambling with cryptocurrencies and trading are not the same at all. Gambling is all about luck. If you get luck, you win. If you are unlucky you lose everything. There is nothing you have to "think" about since the outcome of your results are always random. Logic does not work/change your outcome when gambling. But trading does depend on logic. You have to think a lot before you make your next move. The outcomes are not random and you have more control over your investment when compared to gambling.

[KTChampions]

Please stop comparing gambling with trading. Gambling with cryptocurrencies and trading are not the same at all. Gambling is all about luck. If you get luck, you win. If you are unlucky you lose everything. There is nothing you have to "think" about since the outcome of your results are always random. Logic does not work/change your outcome when gambling. But trading does depend on logic. You have to think a lot before you make your next move. The outcomes are not random and you have more control over your investment when compared to gambling.

No matter how much you think before the next move, this is a random process for you, since you do not have an insider and cannot predict the influence of all factors on the price (even if you know all of them). You should think by yourself of such a paradox: if you could logically calculate the “right” next move, then everyone would do it. But in reality, no one can predict (statistically significant) price fluctuations over a short period of time.

[FlightyPouch]

Day trading activity is unmatched by gambling. In a day of trading you have the opportunity to win and lose according to the strategy used. Gambling allows you to win randomly. Only you choose the best activity that suits you and improve your skills and above all act with caution.

Day Trading and gambling give you two choices, obviously that is winning and losing and that do not depend on the strategy used since the price chart will be the one telling the price changes and not your strategy. As gambling can ruin your balance, day trading is better since you will jsut lost some profit based on the price changes but not all of it.

Day trading is a better option than gambling in many ways and sensible people prefer risking their money in day trading than on gambling all the time. Gambling shall be done off and on that too without a large amount of money. Day trading never makes you bankrupt but this can easily happen in the case of former.

It can make you bankrupt, especially for those people that don't know what they are doing. I did say that it can lose you some profit but if that continuously happen then you obviouslt can go bankrupt. The only component day trading has that is better than gambling is luck which almost all of the games in gambling has.

[jhonjhon]

OP might be thinking about the risk and the possible losses that we are able to get from gambling and day trading. Yes it can be true and losses could have some point to find but you are certainly wrong if you think that day trading is all about luck, unlike gambling.
And the bad thing about gambling, you might lose your money without any chances to get it back.

[crzy]

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 a big gambling but its totally different on playing on the casino. If you are addicted gambler then you must ask for someone help to get rid of and the profit will depend on every gambler. Day trading is much more volatile compare to gamble and I think trading are more less risk simply because you don’t depend on any luck compare to gamble.

[Twinkledoe]

OP might be thinking about the risk and the possible losses that we are able to get from gambling and day trading. Yes it can be true and losses could have some point to find but you are certainly wrong if you think that day trading is all about luck, unlike gambling.
And the bad thing about gambling, you might lose your money without any chances to get it back.

If you know what you are doing when you are in trading, it will not be in the luck's side but more on skills and strategies. Also, if you have prior knowledge regarding the coin that you are trading with, the likelihood of earning profits is high. Unlike gambling, most games are based on luck though sportsbetting is one of them that relies on the player's knowledge about the game. But if you will jump on trading without any knowledge about the coin, I guess you are really in the gambling mode here.

[KnightElite]

I cannot compare the gambling as day trading, I'm a day trader and also a gambler and the approaches are both different. In day trading it is all about technical analysis and when it comes to gambling, the thing that you should use depends on what type of games or features that you are currently gamble. In day trading the time frame is also important and I'm using 5 minutes time frame because my studies are base on it. When it comes to dice games, it is only about luck and there is no skills required on it.

[nakamura12]

Gambling is almost the same. When trading is you still can get the amount you traded even if the value is lower than the value before unlike gambling where it's 50/50 win or lose and if you lose then there's no money expected to return. Gambling is much faster when in terms of losing while trading is slowly losing money if you have a weak hand meanwhile those who are expert at it will most likely earn profit or get the same value as before.

[Shimmiry]

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?

Short term trading is indeed a like of playing with a wild fire, yet it would only depend on how knowledgeable you are in the market and how passionate you are with what you are doing. But, gambling is very different from it. Gambling involves strategies and even self-taught knowledge from experience yet mostly depends on a person's dumb luck. And you don't need to research and spend time in studying as the same as trading, all you need is gut and trust.

[matchi2011]

Gambling is almost the same. When trading is you still can get the amount you traded even if the value is lower than the value before unlike gambling where it's 50/50 win or lose and if you lose then there's no money expected to return. Gambling is much faster when in terms of losing while trading is slowly losing money if you have a weak hand meanwhile those who are expert at it will most likely earn profit or get the same value as before.

When you lose in gambling you don't have any chance to recover while in trading if you lose your investment you still have the time to wait for your assets to move back and recover in time when the market gets better. Though there's other type of trading where it's a same thing with gambling.

[slaman29]

I cannot compare the gambling as day trading, I'm a day trader and also a gambler and the approaches are both different. In day trading it is all about technical analysis and when it comes to gambling, the thing that you should use depends on what type of games or features that you are currently gamble. In day trading the time frame is also important and I'm using 5 minutes time frame because my studies are base on it. When it comes to dice games, it is only about luck and there is no skills required on it.

Honestly, these two are different as night and day IF used for their original purposes. Gambling should be for FUN and ENTERTAINMENT and that is how I see it, which is why I gamble a lot and do not touch day trading.

Problem is, a lot of people see gambling as a way to make money, and to test their luck. Problem is a lot of people also do the same for Trading. And they think with a few strategies (like in gambling) they can make profit.

[Russlenat]

Problem is, a lot of people see gambling as a way to make money, and to test their luck.

This could be true because they are seeing people making money in gambling although they really don't know if such people are really having more wins that loses in gambling, sometimes gamblers just look at the bright side and that's why most of them failed to consider the risk that resulted to making bad decision in their gambling journey.

Problem is a lot of people also do the same for Trading. And they think with a few strategies (like in gambling) they can make profit.

Compared to gambling, I think trading is boring, this is not a game so less people are attracted to this and if they lose they'll just quit right away.
In gambling, they feel the challenge as the game is easy to understand and its entertaining, so they got hook up.

[South Park]

Please stop comparing gambling with trading. Gambling with cryptocurrencies and trading are not the same at all. Gambling is all about luck. If you get luck, you win. If you are unlucky you lose everything. There is nothing you have to "think" about since the outcome of your results are always random. Logic does not work/change your outcome when gambling. But trading does depend on logic. You have to think a lot before you make your next move. The outcomes are not random and you have more control over your investment when compared to gambling.

You are not wrong however many traders do not really approach the situation like that and they put their money in a coin not because they made a long analysis and they decided it was a good move, they do it just because they felt like it in a similar fashion to what they will do if they were gambling, that is why people compare gambling and trading all the time because for the most part those that are trading that way are in fact not trading but gambling with their money.

[Kurokonobasuke]

Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.

[abel1337]

Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.

Earning crypto has always a risk. I think gambling has more risk than day trading, Because if you lose on gambling you can possibly go bankrupt but if you lose on a day trade you can possibly survive in next day by just holding your assets, Cryptocurrency consist of many volatile assets that's why the risk on day trading is big compared to other trading platforms.

It is both risky it's just it is more easy and fast to earn or lose money on gambling than day trading.

[Nadziratel]

Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.

I don't think it's the right approach. In day trading, the risk is low if it is continuously followed by the agenda, developments and graphs. Especially as online time increases, the risk decreases. But gambling is largely dependent on luck. The risk is therefore slightly higher.

In day-trading, gain-loss ratios can be limited within a certain framework by using tools such as stop loss, stop buy and OCO. But in gambling, the psychological effect is very important. A momentary error can lead to huge losses.

[hahay]

Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.

Earning crypto has always a risk. I think gambling has more risk than day trading, Because if you lose on gambling you can possibly go bankrupt but if you lose on a day trade you can possibly survive in next day by just holding your assets, Cryptocurrency consist of many volatile assets that's why the risk on day trading is big compared to other trading platforms.

It is both risky it's just it is more easy and fast to earn or lose money on gambling than day trading.

Right, that's the real difference I've been aware of, so even though both can be done every day and for that reason it's clear, in gambling you can lose money faster but when we have a strategy and realize the right time to bet then it will also giving you faster profits. That way, then I think the two are very different and I'm personally not sure if they have something in common.

[Clark05]

Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.

Both gambling and trading is one of the risky way to earn bitcoin because in every mistake you do you can lose money.
There is no guaranteed that you earn in both ways but risk is less in trading and more danger to the gambling they have similarity but they have differences also. In everything there is no assurance even not gambling or trading!.

[FlightyPouch]

Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.

The only common with these two is the fact that they are both risky. In terms of earning, gambling is better but it is also riskier than day trading but for me, it is worse than day trading. Gambling usually is based on luck, though there are some those games where you can analyze your bets carefully, most of the people are playing luck-based games. It is a high-risk high reward situation while day trading may also give you losses, it will not fully lose the money you invested.

[South Park]

Yes, gambling is almost likely to day trading because it is only few people that are succeed day trading because it was very risky to do that and it need a deep knowledge onto it
and needs a lot of effort to fully understand the day trading.
Gambling and day trading are both risky because it is not 100% sure that you win it.

I don't think it's the right approach. In day trading, the risk is low if it is continuously followed by the agenda, developments and graphs. Especially as online time increases, the risk decreases. But gambling is largely dependent on luck. The risk is therefore slightly higher.

In day-trading, gain-loss ratios can be limited within a certain framework by using tools such as stop loss, stop buy and OCO. But in gambling, the psychological effect is very important. A momentary error can lead to huge losses.

There are some key differences between day trading and gambling however I do not agree when you say that day trading is a low risk activity, by far the most difficult and risky way to trade is day trading, you need to watch the markets all the time and you need to have a way to deal with the extreme changes that happen in the market in a matter of minutes and that is not something your average trader can do as it requires to have a very clear idea of what you are doing and why and it also requires the ability to apply that knowledge in the blink of an eye.