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

[fiulpro]

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

The gambling Addiction helplines are spread across the world and people are super aware of them as well. Right now apparently there is a news regarding people actually calling those helplines asking help for not their *gambling Addiction* but for their day trading addiction.

The article goes far to compare the gambling with day trading, the trading platforms according to the article are now much similar to gambling and therefore when they talk about investing and trading, now a days, the animation, the applications, the bright colours, extreme profit and addiction is making it much similar to gambling.

Apparently the apps are designed in such a way that they rewire a person's brain and makes it harder for them to leave that habit.

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?*

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[bittraffic]

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.

[Kong Hey Pakboy]

That's just wonderful, they're addicted now and they don't know where to go so they get to the one that's being compared to their trade which is gambling. It's a pretty wholesome thinking that this is their decision, to go to a gambling helpline.

[ralle14]

The part about gamification is indeed interesting, I remember one of the sportsbooks have their own leveling system that's rpg like where you need to gain items and weapons in order to gain some bonuses on your winnings.

I think it's somewhat close since there are gambling sites that offers similar experience to trading and from my perspective I think of it as like arbing where timing is crucial. Then again it's not surprising that only a few are capable of making money from day trading since there are people that will come out on top and vice versa.

[Sterbens]

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?*

Is this really related or not, but personally what is said to be a kind of gamble from day trading is when they trade futures. So it is very appropriate if you look at the level of profit and loss you get.

At first glance they will be very different, but when juxtaposed both use the same pattern. I can't fully say that this is a 100% form of gambling, perhaps more precisely, there are similarities in features that bring day trading traders like on a platform that uses crypto trading but inside it doesn't seem much different from gambling activities.

[nakamura12]

Is this really related or not, but personally what is said to be a kind of gamble from day trading is when they trade futures. So it is very appropriate if you look at the level of profit and loss you get.

At first glance they will be very different, but when juxtaposed both use the same pattern. I can't fully say that this is a 100% form of gambling, perhaps more precisely, there are similarities in features that bring day trading traders like on a platform that uses crypto trading but inside it doesn't seem much different from gambling activities.

If they did really feel the thrill that they are looking for like in gambling then it may be considered as gambling. There are many forms of gambling not just playing card games and many more as long as there is a situation where a person is willing to risk his money just to earn profit. I would say that it is a gambling type of activity but in different way.

[Silberman]

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

The gambling Addiction helplines are spread across the world and people are super aware of them as well. Right now apparently there is a news regarding people actually calling those helplines asking help for not their *gambling Addiction* but for their day trading addiction.

The article goes far to compare the gambling with day trading, the trading platforms according to the article are now much similar to gambling and therefore when they talk about investing and trading, now a days, the animation, the applications, the bright colours, extreme profit and addiction is making it much similar to gambling.

Apparently the apps are designed in such a way that they rewire a person's brain and makes it harder for them to leave that habit.

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?*

This is an interesting question and like most of the time to answer to this is it depends, there are many trading platforms that do not resemble a casino at all while there are others that show some similarities, however the most important thing is the attitude of the traders themselves, there are many day traders that are very professional and that are nowhere close to be your average gambler, however there are many day traders that do not really know what they're doing and they are taking decisions not based on facts but on their feelings and that kind of attitude puts them very close to your average gambler.

[tulusikhlas]

So it's just a matter of sensations being identified as having something in common when trading and when gambling. If conditions that emphasize trading feel like gambling, then there must be something at stake? if indeed it is now similar. How recently realized that I have been doing it for a long time. Could it be that this is just a deliberately linked speculation?

[xSkylarx]

Is this really related or not, but personally what is said to be a kind of gamble from day trading is when they trade futures. So it is very appropriate if you look at the level of profit and loss you get.

At first glance they will be very different, but when juxtaposed both use the same pattern. I can't fully say that this is a 100% form of gambling, perhaps more precisely, there are similarities in features that bring day trading traders like on a platform that uses crypto trading but inside it doesn't seem much different from gambling activities.

If they did really feel the thrill that they are looking for like in gambling then it may be considered as gambling. There are many forms of gambling not just playing card games and many more as long as there is a situation where a person is willing to risk his money just to earn profit. I would say that it is a gambling type of activity but in different way.

Agreed, and it has its own set of rules. Depending on your strategy, trading can also be a game of chance. When you first start trading, you'll often hear or read that you shouldn't treat it like gambling; you're simply casting trades without a proper strategy or knowledge, and you're relying solely on luck, which will cause you to lose money in the long run. You are correct; no matter what kind of game there is with money involved, it is still gambling. As long as you agree on the same rules to win the game, you are good.

[ReiMomo]

Is this really related or not, but personally what is said to be a kind of gamble from day trading is when they trade futures. So it is very appropriate if you look at the level of profit and loss you get.

At first glance they will be very different, but when juxtaposed both use the same pattern. I can't fully say that this is a 100% form of gambling, perhaps more precisely, there are similarities in features that bring day trading traders like on a platform that uses crypto trading but inside it doesn't seem much different from gambling activities.

If they did really feel the thrill that they are looking for like in gambling then it may be considered as gambling. There are many forms of gambling not just playing card games and many more as long as there is a situation where a person is willing to risk his money just to earn profit. I would say that it is a gambling type of activity but in different way.

Agreed, and it has its own set of rules. Depending on your strategy, trading can also be a game of chance. When you first start trading, you'll often hear or read that you shouldn't treat it like gambling; you're simply casting trades without a proper strategy or knowledge, and you're relying solely on luck, which will cause you to lose money in the long run. You are correct; no matter what kind of game there is with money involved, it is still gambling. As long as you agree on the same rules to win the game, you are good.

To be frank, I visit exchanges where I am trading, minimum 50 times a day. So is it the indication of an addiction or being responsible in checking out my assets have got any profits to me? Have lots of questions. Recent ATH of Bitcoin and news spread about other crypto currencies growth, people started investing and eagerly looking out for their profits often a day? Is it due to more expectation or how this can be called?

[dothebeats]

I wonder if these apps are those bet up or down on the price for the next 30 seconds? It's kinda like dice to me, just that they embedded charts and the market movement into the mix and the odds are always 50/50. Anyway, I'm not surprised even if these 'trading' apps are not even involved. Some daytraders are really into trading that much that they are risking lots of money that they don't have thinking that their reads might hit the greens the next time around. It's that greed and that urge to win anything at all cost.

[Zilon]

Day trading and gambling has a little similarity most especially scalping. Most times traders wouldn't waste time with analysis the would just follow up a candle with the mind of making little profits and end up getting trapped.

Day traders are becoming too lazy with analysis and this is pushing them to some sort of gambling options while trading. Most times when I am in need of quick cash I fall victim to this in many occasions but always try hard not to get overwhelmed by the market some days I could be lucky other times it's a different story altogether

[LUCKMCFLY]

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

The gambling Addiction helplines are spread across the world and people are super aware of them as well. Right now apparently there is a news regarding people actually calling those helplines asking help for not their *gambling Addiction* but for their day trading addiction.

The article goes far to compare the gambling with day trading, the trading platforms according to the article are now much similar to gambling and therefore when they talk about investing and trading, now a days, the animation, the applications, the bright colours, extreme profit and addiction is making it much similar to gambling.

Apparently the apps are designed in such a way that they rewire a person's brain and makes it harder for them to leave that habit.

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?*

I think that the doubt in many lies when they enter trading without knowledge and begin to do many negotiations based on sheer luck and doing what their feelings dictate, in that case it is dangerous to do trading, because that is when the said that trading is not gambling.

Mainly the difference between Trading and Gambling is that gambling has a lot to do with luck and randomness, leaving a very minimal percentage of knowledge + experience, on the other hand, trading if you know more, it is likely that you will earn more, with a very minimal percentage. left to chance.

I have friends who have dedicated themselves to trading starting with signals and then leaving everything to chance, but the moment their luck runs out they lose absolutely everything.

I think one of the most important parts of the article to highlight is this:

“The user experience is converging and the line between gambling and investing, which was already pretty fluid, has almost been completely erased,” said Keith Whyte, executive director of the National Council on Problem Gambling, among the groups reporting more calls from stock traders to their help lines.

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

[Sterbens]

Is this really related or not, but personally what is said to be a kind of gamble from day trading is when they trade futures. So it is very appropriate if you look at the level of profit and loss you get.

At first glance they will be very different, but when juxtaposed both use the same pattern. I can't fully say that this is a 100% form of gambling, perhaps more precisely, there are similarities in features that bring day trading traders like on a platform that uses crypto trading but inside it doesn't seem much different from gambling activities.

If they did really feel the thrill that they are looking for like in gambling then it may be considered as gambling. There are many forms of gambling not just playing card games and many more as long as there is a situation where a person is willing to risk his money just to earn profit. I would say that it is a gambling type of activity but in different way.

Agreed, and it has its own set of rules. Depending on your strategy, trading can also be a game of chance. When you first start trading, you'll often hear or read that you shouldn't treat it like gambling; you're simply casting trades without a proper strategy or knowledge, and you're relying solely on luck, which will cause you to lose money in the long run. You are correct; no matter what kind of game there is with money involved, it is still gambling. As long as you agree on the same rules to win the game, you are good.

I also think so about situations that lead someone to gamble, then trade but have the same risk of losing. So so far in terms of trading I like long term trading. As for gambling, make it only according to the season to see the conditions that support it to entertain yourself. Nothing more than that, the goal will be very much different and avoid addiction.

[Rruchi man]

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?*

IMO Day trading has a strong similarity with gambling reason being that they can both become compulsive. I've seen day traders who can't go two minutes without trying to check the charts, even at fun events where one is meant to relax. To me that's an addiction and it's no different from gambling.

[Slow death]

I think this comparison of gambling with day trading is absurd, as the name says: " gambling " are games, day trading is not a game, it is something that needs to analyze the market, it needs to have a deep knowledge on the market, are completely different of gambling. I hadn't heard anyone say they got addicted to day trading, honestly this is the first time I've been reading this... but the chances of someone getting addicted to day trading in my opinion are very small, that's because day trading doesn't Easy money, the person does not buy any asset hoping to guess and make a profit, this is not how day trading works and almost everyone knows this, but in gambling people know that they are playing, that they are betting money and if they have lucky they won.

[Fortify]

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

The gambling Addiction helplines are spread across the world and people are super aware of them as well. Right now apparently there is a news regarding people actually calling those helplines asking help for not their *gambling Addiction* but for their day trading addiction.

The article goes far to compare the gambling with day trading, the trading platforms according to the article are now much similar to gambling and therefore when they talk about investing and trading, now a days, the animation, the applications, the bright colours, extreme profit and addiction is making it much similar to gambling.

Apparently the apps are designed in such a way that they rewire a person's brain and makes it harder for them to leave that habit.

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 successfully over the long term hasn't been possible for about 15-20 years. That is probably why so many people are calling these hotlines, because it is such an exercise in futility that it may as well be gambling. People who do actually trade professionally are building their strategies around what will happen in 3-6 months and trying to make money that way. Like they would have seen oil prices were exceptionally low until recently but everything in history points to an eventual recovery - which has already taken place, so they would have made money by simply buying oil company shares a few months ago. If you want to invest in companies, do it for the long term and definitely stay away from any apps that look "flashy".

[nakamura12]

To be frank, I visit exchanges where I am trading, minimum 50 times a day. So is it the indication of an addiction or being responsible in checking out my assets have got any profits to me? Have lots of questions. Recent ATH of Bitcoin and news spread about other crypto currencies growth, people started investing and eagerly looking out for their profits often a day? Is it due to more expectation or how this can be called?

If you are trading 50 times a day then it is a similar to gambling in casinos but not entirely. Only the risking though and if you are only checking your trades then it is not an addiction but being active to check if you have profit or not. I think it is called following the trend. I have read somewhere in a thread where forum just woke up from deep sleep after hearing ATH bitcoin price news.

[carlfebz2]

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.

[Maus0728]

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 for those who are not really confident with their technical analysis in their day trades often are just gambling their chances on what they predict the price would be. Trading is somehow a gamble but the predictions can be infinite whereas gambling itself can be a 50:50 chance, 1:6, and so on. yes it is a valid comparison where there is no really huge differences in its general idea and action. It's no common that the market would make some traders require helplines as many can win many times and won't see the time passes. Day Traders are often engaged too much as it is their living, then therefore no wonder why it can drive them to trade more and more.