Flip or Trade? What’s The Bigger Gamble?

[Wiwo]

What is this thread still doing in the gambling section when we already know that trading discussion,  because that is where the thread best fits into,  but then also if you want to compare trading to gambling I will tell you that both are in the same category and at that, we have to major our risk and put than amount that we can afford to lose while engaging in both gambling and trading.

My response in the second paragraph is based on the title of the trade and for that, it doesn't the possibility of having this thread moved to trade discussions.

[Wind_FURY]

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

My personal take? If a person has a more than 50% edge on the market, then it's more than profitable than flipping. But if he/she has less than 50% edge, then he/she might get a more profitable opportunity flipping and get a lucky winning streak. Haha.

Although practically speaking, our expected value in flipping a coin is  = ZERO, and 90% of "traders" expected value in trading is negative. For plebs like us, it's actually better to have a very low time preference and HODL.

[fingnome]

Day trading is risky and has a limited daily income for individual traders, some can $40 a day and others above it. Though it's not guaranteed, because of losses. But, it has a way of getting it work for the traders unlike flip coins. No strategy can determine the wining side of the coin, it's all luck. Day trading, because people lose a lot like in gambling, isn't a game. And because we win cryptocurrency in gambling doesn't make it a trading activity. They are both different methods of participating in gambling and trading. Participating with caution, is the only similarity between them. The 50/50 chances in coin flip, doesn't reduce the high risk of losing too. Personally, I prefer flip coins to day trading, because no skill is required to flip coins and win money. Yet the slim earning opportunity the both activities provide still looks like a 50/50 choice.

I hear you! Day trading and coin flipping sure are worlds apart in strategy, but both do tango with chance in their own ways. It’s interesting to hear you lean towards the straightforwardness of coin flips, embracing the simplicity and pure chance it brings. Thanks

[mirakal]

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Coin flip has a defined winning chance rate while day trading has a dynamic winning chance rate depending on how good you are on trading. So I say trading is more on gambling if you don’t know what you are doing such us newbies buying bunch of random shitcoins without doing research first.

On trading, you have a chance to improve your winning probability while gambling is purely relying on luck since you can’t improve the outcome no matter how good you are.

Well, I can’t say that day trading will fall as a gambling simply because you don’t rely on pure luck as you have your skills and winning strategies that will keep you an edge over the market. But coin flip will always be gambling as it is because the chance to win is very low while giving a higher advantage on the house itself. The only way day trading becomes gambling is when you day trade knowing the fact that you’re not a reliable trader. You only trade because your peers are telling you to do so, clearly it’s a form of gambling instead.

[Out of mind]

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Day trading is different from gambling, but many people compare it to gambling. But day trading is essentially the same as gambling with the possibility of losing money if traded without understanding, just as a gambler who bets without understanding will lose his money, just like in trading. If you have the knowledge and experience to adopt the strategies you can earn daily from trading and gambling, and if you don't have the knowledge about it, it won't be possible. Gambling and trading are both risky if you deposit money here there will definitely be a chance of losing in that case many people have lost such money, so be sure to learn and then bet and trade with money, but it is possible to make a profit.

[Slow death]

Day trading is not similar to gambling, in day trading the person studies the market a lot, does a lot of technical and fundamental analysis of the market and then buys and when buying the person puts stop - loss which allows the person to be able to buy and when the forecast is wrong and the price drops, that person will only lose a little money. There are very good strategies for making money trading and reducing money losses, but in general day trading is less risky than gambling. just ask ourselves how many people became addicted to gambling and how many people became addicted to day trading and we will see that the number of people addicted to gambling is a much greater number than the people who do day trading

and in my opinion this difference in the number of people addicted to gambling is a much greater number than the people who are addicted to day trading (I confess that I have not yet seen anyone saying that person X or Z became addicted to day trading) if This is due to the fact that in day trading people know that they are not going to make a lot of money, even a beginner when they enter day trading immediately realizes that they are not going to make a lot of money. for example: if a person puts $400 on an exchange to do day trade, it would take months for that person to make a 2x profit, that is, it could go more than 4 or 6 months without the $400 becoming $800

The only option a person would have in trading to get a profit of 2x or more than that would be to do hodl, and this is something that also forces the person to have patience and hold on for a year or years. Now when we look at games of chance, people immediately come across games that have a multiplier of 2x to 35x or if the person places sports bets they will easily see games with odds of @2.00, that is, in the game of chance, place $400 and have lucky, the person would easily have more than $800 in a few hours. but if that person is unlucky, then in a few hours they will easily lose all 400$ whereas in day trading even if the person were a complete amateur it would take months to lose all 400$

[abel1337]

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Nope, flip has a 50/50 percent chance but you will hardly rely on the luck you have but day trading is base on your skill and how much you can increase the probability of the chart you are seeing. If you don't have any idea on what you are doing on trading, it would be better to just do a coin flip with 50/50 chance at least you have the same odds in winning and losing but if you have the skills to alter that chance of winning, trading would be better for you. Day trading is sure a hard work but I think is better than the coin flip if we are talking about having skills on both.

[fingnome]

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Of course, I would go for day trading if I intended to develop my skills and be successful in the long run. On the other hand, you are talking about a coin flip, which is 50/50. You won't have an advantage in that; your only chance to win is luck, and no one is lucky all the time. So, that is not something to focus on, probably for entertainment purposes only.

You've got a point about the skill in day trading. But hey, isn't relying heavily on technical analysis in this age of AI like bringing a slingshot to a missile fight? Jumping into the deep end with the big hedge fund sharks might seem thrilling, until you realize you're the bait! Playing in the major leagues can sure leave a mark.

[BitcoinPanther]

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Nope, flip has a 50/50 percent chance but you will hardly rely on the luck you have but day trading is base on your skill and how much you can increase the probability of the chart you are seeing. If you don't have any idea on what you are doing on trading, it would be better to just do a coin flip with 50/50 chance at least you have the same odds in winning and losing but if you have the skills to alter that chance of winning, trading would be better for you. Day trading is sure a hard work but I think is better than the coin flip if we are talking about having skills on both.

This is the difference between coin flip and day trading.  In day trading there is variable and control factor that where one can take advantage of depending on the traders skills.  So having the skills give the trader a more grasp and control over their trades which can result in a profit.  While coin flip is all chance and no matter what strategy we use, it still fall to a random result.  So I take day trading over coin flip because it brings confidence and peace of mind if we have something in control that can highly affect the result of our trading actions. 

[qwertyup23]

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

I somehow disagree that day trading is more of a gamble compared to as straight-up coin flip.

Sure, day trading may seem like a gamble due to the risks involving the subject as lots of newbies lose their money as well. But the biggest difference here is the experience of a person that can equip them with the knowledge of trading. As everyone knows that trading is a risky venture, there are certain skills and techniques that one can learn in order to lower the risks of losing your money.

In conclusion, there is that illusion where one likens day trading to gambling. But the biggest difference is that the player can somehow control the risks involved by applying their experience and techniques to lower the risk of losing your money.

[anjiitem]

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

discussions related to gambling and trading have continued for some time. Many have said the two are different. if we might still think of them as something the same, maybe we don't really understand them both well.
betting as you say like a coin flip, is clearly just a game that relies on luck. but in trading, both have risks, but we can increase our chances of winning by minimizing these risks. if you say the bet is 50:50. but in trading, when you have better skills, you can make your chances of winning bigger.

[Hispo]

To me trading is not necessarily 100% gambling alike. It depends much on the market you are getting into and also whether you are applying leverage on your position...
It is very situational, in that sense.

If you enter onto an exchange, create an account and go straight towards the future market, using leverage and you have no idea on what you are getting yourself into, then that is indeed gambling.

On the other hand, if you go for the spot market, set your trend lines and also you got some stop loss orders, it is less like gambling. Still has a margin of risk, of course.

When talking about a coin flip, there is no debate on it. It is 100% gambling between two parties.

[uneng]

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Yes, it's totally gambling. The market is unpredictable and everyone is repeating it all around the forum and internet, still they claim to be possible to turn daily trading into a solid activity for a living. For me it sounds extremely contradictory! If we can't say accurately if BTC will be cheaper or more expensive by the end of the day, how can we say statistics and analyzes make difference on daily trading's results? It's totally random...

Only long term trading works in crypto market, if you pick the right coins and have patience to wait for long periods of time.

[michellee]

Day trading will be more difficult to do because it depends on market movements, while if we don't have good analytical skills, we can get stuck buying the wrong coin. We don't need to rely on analysis from AI, especially if we can analyze the market with our skills.

But when there is no indication of where the market will move, maybe that's when we are gambling and relying on our feelings and previous experiences. And it will be like 50/50 because we don't know which coin will provide profits later. We just guess the coin and wait for the result and it's like flipping a coin that only relies on luck.

Most traders who do daily trading rely on their feelings to find their coins, especially with the large number of coins on the market because they don't have enough ability to analyze. And those doing the analysis may rush to conclusions so they will choose the wrong coin.

[Hispo]

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Yes, it's totally gambling. The market is unpredictable and everyone is repeating it all around the forum and internet, still they claim to be possible to turn daily trading into a solid activity for a living. For me it sounds extremely contradictory! If we can't say accurately if BTC will be cheaper or more expensive by the end of the day, how can we say statistics and analyzes make difference on daily trading's results? It's totally random...

Only long term trading works in crypto market, if you pick the right coins and have patience to wait for long periods of time.

I disagree, though.
Even if seems to be random at times, there are rules which the market is supposed to follow and that is the reason why people pay attention to metrics like volume, averages and try to identify patterns.

It is not a secret that the biggest players within a specific market have more power over it, to change the prices and even mess with the sentiment of other investors. On the other hand, in gambling no one is supposed to have influence over the result, it is supposed to be random.

In the market, the actions of some players can discontinue the randomness.

[topbitcoin]

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Both of them have almost the same level of loss and it seems that both of them really rely on luck, but in daily trading, apart from relying on luck, we need to be more active in carrying out analysis and absorbing the latest information which can increase our chances of getting profits from daily trading. we do. Even in gambling, sports betting is almost the same as daily trading in that to be able to win in betting we must be able to improve the technical analysis we carry out and understanding in absorbing the latest information. While the rest is for gambling that uses machines and numbers, this gambling is completely about luck.

[tjtonmoy]

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Trading is not gambling. Trading and gambling have their own separate rules and separate ways. You can never mix up trading with gambling. Not unless someone is trading without proper knowledge and just predicting whatever they think will happen. Gambling is always a 50/50 chance. No way to control your profits and losses. No way to minimize your loss by using risk management. It all depends on your luck.

On the other hand, trading gives you flexibility. You can manage your assets more proper way than gambling. You can choose how much you are willing to lose on one trade or every other trade. That's called risk management. You can do it in trading. Trading is not based on luck. There is more data to collect information from and analyze them for better outcomes.

As day trading is also a part of trading, it also follows the same principles. So it is not a gamble. Trading is better than gambling in terms of control.

[goldkingcoiner]

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Day trading is different from gambling but it can be gambling for those that did not understand how it works. Even in day trading, people can lose more just like in gambling because they are not getting it. If it is learned and not using more than the amount you can afford to lose and not using leverage, you will make money from trading if you learn about when to open a position. Sine when I have been trading and gambling, I lost huge amount in both, but when I know more about trading, I gain in it than gambling.

I would not really say that at all. Gambling is considered gambling because it relies on a unpredictable element. And while you can narrow down the probability of day trading, it still has unknowable variables which could plummet or skyrocket the price without anyone being any wiser. Say for example that tomorrow, a billionaire somewhere around the world decided to buy a gigantic amount of Bitcoin and did not tell anyone beforehand. There is no possible strategy which could prepare you for this. But you can always stop loss the rare incidents and you are left with the common incidences, which can be predicted, more or less.

[iv4n]

...
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Well, daily trading with pump & dump coins/tokens is worse than a coin toss game. A coin toss game has some house edge, but pump-and-dump schemes are pure manipulation, it's cheating basically.

I guess if you day trading with unknown coins/tokens it's more manipulation (cheating) by some whales and groups, and if you are not at the top of that chain you will just face losses. We can't say it's gambling if the game its already rigged.

[darkangel11]

Day trading with no leverage might be a bit safer than a coin flip. After all, you're never putting all your bet at stake. At coin flip if you bet $100 and lose, you lose it all. A market bet can lead to a 5% loss in a day, but that's it. You'll never be down even 10% because you'll react to the market going below your minimums and exit with a small loss.
That said, it depends on what you're trading, how good you are in this and many other things. You could be trading SHIB with 10x leverage for all I know.