*Day Traders* are now calling gambling Addiction helplines!!

[DoublerHunter]

~snip~
My question is : *How far is day trading from Gambling according to you?*
Is that a valid comparison?? Are we soon going to consider the day trading *gambling?*

^ It is been always considered gambling in day trading because of the fund that you risk on it and the quick reaction of the market is similar to gambling. You gamble and risk your fund to the unpredictable market and hoping that it will have a double amount result. That is what we called gamble, though this is not a game since there is something risky, still it can be considered gambling, and if anyone will get addicted because of it, one thing has similar is the risk involved in it. For me, that is a valid comparison day trading can be gambling.

[Johnyz]

Day traders are a risk taker just like gambling and if they think they are already addict on that without having any self-control then its ok for then to call the addiction helplines since they need a help, and they are losing money as well. If you can help people please do so as much as possible, we are all fighting our own battle and addiction is a bad thing that can ruin everything.

[johhnyUA]

A really interesting article:
https://www.ft.com/content/8f9bbc77-06b1-4fbd-8b7e-6e381ba038a7

My question is : *How far is day trading from Gambling according to you?*
Is that a valid comparison?? Are we soon going to consider the day trading *gambling?*

Good article and old question.

Day trading and even trading in general is close enough to gambling. Not for dice or slots but rather to poker or other games where you can affect the outcome at least a little.
The same with online games and some other activities . 

But of course, in the same time trader != gambler. There a lot of traders without addiction which consider their activity as a job and nothing more.

[maju69]

I think it's different and gambling is clear from any definition. When lately many think the same clearly means it's not trading. Because trading, after all, there is the concept of buying and selling, while gambling is risking. When there is trade but with a gambling pattern, it is referred to as a gambling guise in the name of trade.

[dunfida]

Day traders are a risk taker just like gambling and if they think they are already addict on that without having any self-control then its ok for then to call the addiction helplines since they need a help, and they are losing money as well. If you can help people please do so as much as possible, we are all fighting our own battle and addiction is a bad thing that can ruin everything.

Day traders doesnt totally doing gambling it might be risky but doesnt mean that it could really be comparable to gambling literally.We know that chances on making profits are there if you do really know on what you

are doing and this would be typically be treat up when you do play strategic based games too but honestly they are still different on some scale.Investment is something that cant really be

be tied up with gambling so its a different thing which does need different treatment or engagement.

[cafucafucafu]

Day trading was always gambling no matter how you look at it.

The fact of the matter is that these people looking at charts like some sort of astrology sign without proper risk management are playing a zero sum game against institutions that are 100x better than them.

It would be better for them to just play dice or something, to be honest.

[Lanatsa]

Day trading was always gambling no matter how you look at it.

The fact of the matter is that these people looking at charts like some sort of astrology sign without proper risk management are playing a zero sum game against institutions that are 100x better than them.

It would be better for them to just play dice or something, to be honest.

Gambling is different from trading but talking about the risk then it is really just relatively close but doesn't mean that you cant really make out some advantage compared on one another.

You do force out people to play gambling instead even if they do like to day trade? Yes, this wasn't simple but doesn't mean that it couldn't be done.

Addiction is on everything but there are things which could give out benefit rather than on messing your life.

[uneng]

Day trading was always gambling no matter how you look at it.

The fact of the matter is that these people looking at charts like some sort of astrology sign without proper risk management are playing a zero sum game against institutions that are 100x better than them.

It would be better for them to just play dice or something, to be honest.

True. Everyone knows the market is unpredictable on short run, so it's impossible to use skills to foresee crypto market's behavior in a 24 hours time period. Sudden events which may happen without previous warnings can affect the market positively or negatively and are out of anyone's control. As a hobby or extra income that is fine, but nobody should rely their lives on this activity.

The point is that day trading has become a profitable niche for many internet gurus selling their courses and masterclasses promising huge returns in a daily basis for their customers/disciples. Youtube is infested with such content as people go for it, because they want to left their currently jobs while increasing their money income doing less effort.

[Baofeng]

Yeah, I was under the impression that gambling and trading has more similarities than difference so I wouldn't be surprised by the data that day traders are calling gambling addiction hotlines to seek help because they can't control themselves specially if they are losing money in today's market movement. And that's why it is really hard to be a day trader, specially if you prefer to short let's say bitcoin because you are going to get REKT.

[harizen]

My question is : *How far is day trading from Gambling according to you?*
Is that a valid comparison?? Are we soon going to consider the day trading *gambling?*

For me, not a valid comparison because they have a different approaches. While both need a strategically ways to win and money is at risk, the ones they are dealing with are a different environment. When someone becomes addicted to gambling, majority will encourage those to stop. But when someone got addicted to trading, they will be even more encourage by others since it's not just about getting profits but the knowledge people will gain by trading can be useful in many ways.

I'm glad that there are people seeking help although they called the wrong line. These people should try to read trading stuffs 101 everywhere and practice it to make it perfect.

[Oshosondy]

My question is : *How far is day trading from Gambling according to you?*
Is that a valid comparison?? Are we soon going to consider the day trading *gambling?*

Day trading and gambling are not the same, but in fact they are that different, but people are making it the same. In trading, you have to analyze the market before trading, it is not a game of luck for experts but how to just make money, but gambling is completely about luck, taking the team that best qualify to win does not mean a bet can not be lost whyole gambling like dog and horse racing, dice and roulettes are completely based on luck.

But trading and gambling are similar in some ways:

1. It can lead to addiction, if you are losing more than what budgeted for, then stop trading at the time, also stop gambling
2. No matter the type of trading, I mean opening and closing of position, trading is gambling for beginners because they know nothing much about it and they will lose and lose before they have more know and experience
3. The probability of money loss is much more and more far higher than the probability to make profit.

But gambling is game of luck, but trading is not the game of luck for experts but a game of opportunity, but trading is basically gambling for beginners that just started.

Trading and gambling are though different but they are still also similar, more people that gamble or trade make losses than win.

[Peanutswar]

That kind of strategy to make money have both risk but I guess gambling is for the luck and strategy because it's all about being against the odds to win the game, in trading you can win a trade base on the market and different skills related such as the technical analysis, strategy, trading plan and more. These both give us a good profit and the risk to lose more. Which can be an addiction towards to the investors. It is good to grab the opportunity to get a higher risk and reward. I prefer trading than gambling its all about the knowledge.

[Oasisman]

There is a fine line between gambling and trading in general, but at the same time they are very different from each other.
Though both involves risk and of course money, but there's something more you can do and change when you're day trading to mitigate the risk involved than plainly gambling like dice or horse racing which is always dependable of the fixed outcome.

So, for me I think day trading is still far to be considered as gambling.

[imstillthebest]

My question is : *How far is day trading from Gambling according to you?*
Is that a valid comparison?? Are we soon going to consider the day trading *gambling?*

according to me ? they are verry far to the fact that im not doing daily trading . i believe on what others are saying that trading is a hard activity but gambling is verry easy and even if your new to it , you wont get intimidated to get started and continue  .
 trading and gambling requires money and may cause addiction , thats the reason why they compare or say that both are simillar in some ways .

[EdenHazard]

The article says because of the broker apps that has game-like features, I wonder which one they are referring to but it was back in the days already when we see exchange have their own dice games too like yobit.

If the trader experience the same thrill as gambling like how they feel on horse race betting I guess the association of it made the trader think he is gambling.

To me, trading and gambling is very different because of the chart I'm analysing.

Yeah, remembered out about yobit which does have basically have some dice game or race game which could turn out those traders or users would really be having the easy access of those features which would really

result into more spending.If we do talk about basically on trading features that isnt gambling-alike then i dont see any connections because graphics and interface should really be that interesting and appealing.

Addiction is something applicable in all aspects or things that we do have as long you do engage it excessively and able to spent out lots of money or waste up then that would really be considered addictioon
which should really be stopped.

Well thats not new, even before yobit... there are plenty platforms doing that, so yeah it was not a new trend but rather a classic one.
a trading platform using gambling tools, games etc...  everything looks really bias.. i mean user would feel confused whether it's trading or more to gambling when this kind stuff available in a platform.

i remember fbs doing the same shit since long time ago, there is a lottery..  slots-like game etc, shit broker.
so no wonder if people start calling gambling addiction helplines in for trading thesedays.

[molsewid]

Gambling is different from trading but talking about the risk then it is really just relatively close but doesn't mean that you cant really make out some advantage compared on one another.

You do force out people to play gambling instead even if they do like to day trade? Yes, this wasn't simple but doesn't mean that it couldn't be done.

Addiction is on everything but there are things which could give out benefit rather than on messing your life.

Well if we would take a look between gambling and day trading the essence of these two activities are definitely different from each other though both activities are requiring to take the risk of losing the capital that you put in it but comparing day trading and gambling I think is not appropriate. If we would think about gambling, gamblers are not just gambling for the seek of earning or winning but also with a sense of entertainment which in day trading there's no entertaining here when you are putting your money to day trade, it's purely aiming to get earn or win no matter how big the risk is.

[iv4n]

Day trading was always gambling no matter how you look at it.

The fact of the matter is that these people looking at charts like some sort of astrology sign without proper risk management are playing a zero sum game against institutions that are 100x better than them.

It would be better for them to just play dice or something, to be honest.

I totally agree! I am saying that for years, day trading is gambling, and in that game people are playing against more powerful players, robots.. It's something I saw for myself when I was trying to make some profits from daily trading,  and who ever tries it will see the same thing.

Well, I am playing dices and it's more interesting than daily trading. I can't say it's more profitable, but definitely it's more fun.

People get addicted easily when something is interesting, and that's not a big problem...it becomes a problem when people start losing too much. Don't do that!

[traderethereum]

Day trading will look like gambling if the trader does not analyze to find the coin instead of using the other suggestion to buy the coin.
That can lead them to select the wrong coin and in the end, they will just lose the money and can not make a profit.
If you can analyze your trade and not just listen to other people, that will not be considered gambling because you have the basic thing you use to analyze.
Maybe trading could be considered as gambling as we hope that the coin will increase in the next few hours/days.
But for me, trading is not similar to trading if we know how to trade.
Just my 2 cents.

[electronicash]

Day trading will look like gambling if the trader does not analyze to find the coin instead of using the other suggestion to buy the coin.
That can lead them to select the wrong coin and in the end, they will just lose the money and can not make a profit.
If you can analyze your trade and not just listen to other people, that will not be considered gambling because you have the basic thing you use to analyze.
Maybe trading could be considered as gambling as we hope that the coin will increase in the next few hours/days.
But for me, trading is not similar to trading if we know how to trade.
Just my 2 cents.

its individual outlook of the traders on speculating the price. if 1 out of 100 that says trading is like gambling, that 1% will look at it as gambling even with candlestick charts are analyzed. i don't see it as a problem if they are just going to win but if they lose even in the spot market.

if he buys ETH at $3600 and then sells at $3300 because his speculation went wrong then he is a bad gambler as much as a trader. i guess it's fair to call a hotline since he calls it gambling anyway.

[Oshosondy]

if he buys ETH at $3600 and then sells at $3300 because his speculation went wrong then he is a bad gambler as much as a trader. i guess it's fair to call a hotline since he calls it gambling anyway.

Let me be specific, I am not talking about margin, future or any type of leverage trading but just only spot trading. You know that if someone lose money to gambling, he lose it forever, but many traders are panic traders, without no leverage, some will first be losing, the price of the coin will be increasing back to the extent it will increase and the trader will later gain. Gambling can be all-or-non while trading is different in this way because someone can be losing but later gaining.

Some people are using trading to gamble, these people are beginners, some do not analyse market but just trade the way they like, this is gambling. But for professional traders, they aren't gamblers even when they are losing, there is still chance that the trade can go other direction and favour the trader, but if gambler lose a game he lost it and can not be reversed. I am not talking about binary option because binary options is just pure gambling.