Flip or Trade? What’s The Bigger Gamble?

[LUCKMCFLY]

Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.

Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more

It is easy for anyone to be able to learn the basic techniques that will allow them to better view the market, rather than the default view (which the market works contrary to in my opinion). When people are fearful, be greedy. When people are greedy, be fearful, for example. A quote renowned by Buffet himself.

In the short term, trading might = gambling for a complete newbie. Though someone who takes the time to learn the right principles and techniques, I think that the difference in chance is incomparable to that of gambling.

Well Warren Buffet is usually a great teacher teaching a lot about the market, this is something that we all recognize, but personally he is an investor, and we all know the obvious differences between an investor and a market speculator, when we are doing an analysis and making decisions, because everything varies, depending on what people want to do, if he is an investor the best advice is his, but why? because he is a man who in his time took a lot of time to do the analysis and look for the best action with a vision for the future that could give him a great profit, not bad, he knew how to do his analysis, taking into account possible scenarios where basically the market can crash and its investment is in danger, the investors are not for making short-term investments, because it is as you say, it is as if you were going to a casino to gamble, they are not prepared to react at once, they are Prepared to last 5-8 years with the initial investment, this is something that investors normally have.

For market speculators or for people like me, for example, who have studied the books of Wartren Buffet and other notable authors on investment and the market, one could talk about the Wyckjoff method, where the most experts do They are capable of studying the market even though the volatility is immense in the short term, in that case they compete, because they apply Wcjoff in its maximum expression and if, what they predict is mostly fulfilled, the truth is a very win-win situation. What do they have, I don't know but you have to have a lot of memory to keep in mind the charts that there are in the large number of possible configurations, this makes things more accurate when trying to establish a better understanding of the market A good memory always helps, plus theory and experience is a factor that is difficult to contradict.

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[bayu7adi]

Day traders often perceive everyone as adversaries, when in reality, there are still individuals engaging in trading not solely for profit-seeking purposes. Day trading can be exhausting, as it necessitates constant updates on the ever-evolving market conditions, with even minor changes potentially presenting significant opportunities. Missing out on the right moment could result in losses.

I believe you have all day to monitor the market, which gradually enhances your trading skills. However, for me, long-term trading provides a sense of tranquility, sparing me from daily anxieties. You can also transition into long-term trading if you find day trading too demanding.

Luck plays a role as well, but the odds of winning are (feels) greater.

[Hispo]

Day traders often perceive everyone as adversaries, when in reality, there are still individuals engaging in trading not solely for profit-seeking purposes. Day trading can be exhausting, as it necessitates constant updates on the ever-evolving market conditions, with even minor changes potentially presenting significant opportunities. Missing out on the right moment could result in losses.

I believe you have all day to monitor the market, which gradually enhances your trading skills. However, for me, long-term trading provides a sense of tranquility, sparing me from daily anxieties. You can also transition into long-term trading if you find day trading too demanding.

Luck plays a role as well, but the odds of winning are (feels) greater.

It is said that time in the market beats timing the market.  It is a topic we have discussed many times here in the forum.
I personally cannot see myself as a day trader, it takes a specially resilient person and a lot of intuition to be successfully speculate in a daily basis and make a living out of it.

On the other hand, going for the long term it is easier and even more if one uses money one do not need in order to survive.

But it is kind of of topic, since we are supposed to be talking about the comparison of day trading and flipping a coin, for the sake of going safer, I would rather to try to day trade, instead putting my money at stake on a single flip. 

[Hamphser]

Day traders often perceive everyone as adversaries, when in reality, there are still individuals engaging in trading not solely for profit-seeking purposes. Day trading can be exhausting, as it necessitates constant updates on the ever-evolving market conditions, with even minor changes potentially presenting significant opportunities. Missing out on the right moment could result in losses.

I believe you have all day to monitor the market, which gradually enhances your trading skills. However, for me, long-term trading provides a sense of tranquility, sparing me from daily anxieties. You can also transition into long-term trading if you find day trading too demanding.

Luck plays a role as well, but the odds of winning are (feels) greater.

One of the reason on why i did changed up from Daytrading/scalping into a swing/long term trader on which it isnt really that stressful since you wont really be needing to face up the volatility on active manner on which this is something that it is really that very hard if we do really speak about those moving prices on which it would bring up stress and anxiety but if  you do able to adapt with those things then it wont really be an issue. It is really just that each person does have their own level of tolerance on things and this is why on the time that they would really be experiencing up something then they would really be needing to adapt on which its a must thing specially if you are a trader. Yes, luck does play also an important part even though we arent talking about gambling but making  yourself that survive on this market which your speculations and predictions does really need up some mix of luck because analysis would really be useless or pointless if you do find yourself not really be able to lucky on that particular time.
In short, there are several factors which you would really be considering that could really affect a certain outcome.

[passwordnow]

Regarding the age-old dilemma of flipping or trading, it's like choosing between two exciting games! I think both have their charms, but it depends on your risk tolerance and strategy.

Yup, they have their own goodness and beauty but also gonna bring or let you experience the best and worst from it. In trading, you've got the way to at least of how you're going to react with the market and make your calls to specific pairs that you will do. And in gambling, it's the same before you place bets in games that requires you analysis but if we will just be specific with flipping a coin, there's no need for such analysis as it's only about throwing or tossing a coin and results are truly random. The only company that you'll need on this one is luck for which it's also sometimes seen in trading even as you do your analysis.

On one hand, there is the advantage if you're in both of these activities. You're not scared with risk and I think that's the best attribute that one will get from being a gambler or a trader, you're just used to this world risk and your tolerance from it is higher than the usual person that doesn't even want to take risk and not eager to try it.

[wiss19]

What makes you think that way?

It's most probably futures and options trading that makes people think that way about trading because options and futures trading have some similarities with gambling though they are not exactly how gambling works because gambling is totally based on luck and trading requires knowledge and experience no matter what kind of trading it is.

If you're going to day trade without knowledge about it and just going with the flow, picking random coin and then waiting for a miracle, that's gambling.

Some people simply don't understand how they can differentiate between trading and gambling because they've always been in a hurry to earn money and with that thought, they've lost a lot of money and now they think that gambling and trading are the same thing.

But if you have knowledge and aware of what you're doing, has a skill and strategy to execute for a better result, it's different to coin flip.

Gambling doesn't require any knowledge from a gambler, while the very first thing about trading is the knowledge that you need and then trading capital. So, it's true that you can't achieve anything through trading if you lack that.

[Youngkhngdiddy]

Gambling doesn't require any knowledge from a gambler, while the very first thing about trading is the knowledge that you need and then trading capital. So, it's true that you can't achieve anything through trading if you lack that.

  Gambling or betting on some team is profitable with respect to your luck. Let’s take the game of card, you have no control over the cards which is gonna come to you. So whatever you do with this game ultimately you depend on your luck. And the worse part is that there is no guarantee on your luck. If your luck is against you then you are out of the board. Whereas trading in stock/commodity completely calculated risk with sort term horizon. Traders are fast to react. They pay attention to what the market is telling them and then act accordingly. Some gamblers feel they can beat the odds, but they are mistaken. They get thrilled about the possibility of a large win and get caught up in the glitz and glam of the casino, but the odd quickly work their way through their sums.
   Knowledge is both required for the both, because being ignorance will warrant to lose of wealth. You need to have idea of what you’re doing, it is not advisable to just put in money where you do not belong. I won’t say  trading is gambling because it warrant close observation and analysis, of course, there is some luck in trading and investing, when trading earnings depend on how well you can do it.

[naikturun]

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

It seems to be true, a direct coin toss does rely on luck.
while daily trading must look at technical and fundamental analysis.
and sometimes predictions can be wrong when bitcoin goes up/down making all alts follow bitcoin's movements directly.

[fapar]

Gambling doesn't require any knowledge from a gambler, while the very first thing about trading is the knowledge that you need and then trading capital. So, it's true that you can't achieve anything through trading if you lack that.

  Gambling or betting on some team is profitable with respect to your luck. Let’s take the game of card, you have no control over the cards which is gonna come to you. So whatever you do with this game ultimately you depend on your luck. And the worse part is that there is no guarantee on your luck. If your luck is against you then you are out of the board. Where as trading in stock/commodity completely calculated risk with sort term horizon. Traders are fast to react. They pay attention to what the market is telling them and then act accordingly. Some gamblers feel they can beat the odds, but they are mistaken. They get thrilled about the possibility of a large win and get caught up in the glitz and glam of the casino, but the odd quickly work their way through their sums.
   Knowledge is both required for the both, because being ignorance will warrant to lose of wealth. You need to have idea of what you’re doing, it is not advisable to just put in money where you do not belong. I won’t say  trading is gambling because it warrant close observation and analysis, of course, there is some luck in trading and investing, when trading earnings depend on how well you can do it.

Yes, but when playing cards with the dealer and other players, the cards can be "counted". This slightly increases your success rate. You can also use a bot with safe strategies when trading on the stock exchange. But I agree that in both cases, luck and our greed decide.

[Haunebu]

Yes, but when playing cards with the dealer and other players, the cards can be "counted". This slightly increases your success rate.

Card counting isn't really a viable strategy anymore ever since casinos found out about it sometime back. Security will kick you out if they find out that you were card counting thanks to CCTV coverage etc.

You can also use a bot with safe strategies when trading on the stock exchange.

Bots do help on FIAT and crypto exchanges, but they don't guarantee profits and could mess up sometimes.

[Blitzboy]

Gambling doesn't require any knowledge from a gambler, while the very first thing about trading is the knowledge that you need and then trading capital. So, it's true that you can't achieve anything through trading if you lack that.

  Gambling or betting on some team is profitable with respect to your luck. Let’s take the game of card, you have no control over the cards which is gonna come to you. So whatever you do with this game ultimately you depend on your luck. And the worse part is that there is no guarantee on your luck. If your luck is against you then you are out of the board. Where as trading in stock/commodity completely calculated risk with sort term horizon. Traders are fast to react. They pay attention to what the market is telling them and then act accordingly. Some gamblers feel they can beat the odds, but they are mistaken. They get thrilled about the possibility of a large win and get caught up in the glitz and glam of the casino, but the odd quickly work their way through their sums.
   Knowledge is both required for the both, because being ignorance will warrant to lose of wealth. You need to have idea of what you’re doing, it is not advisable to just put in money where you do not belong. I won’t say  trading is gambling because it warrant close observation and analysis, of course, there is some luck in trading and investing, when trading earnings depend on how well you can do it.

Gamble and trade require knowledge, right? Gambling knowledge reduces risk, whereas trading knowledge maximizes return. Playing your hand is more important at the poker table. You play, hope, and cross your fingers; sometimes you win, sometimes you lose. Its the game, right?

Traders dont merely hope. You watch, learn, observe, analyze, and act. Luck helps, but knowing more prepares you. As you said, traders act quickly. They see, comprehend, act. Gamblers? They hope.

A trader and a gambler enter a pub. Who orders the riskier drink? Remember to play safe and know your boundaries at the casino and stock market.

[Wind_FURY]

Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.

Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more

It is easy for anyone to be able to learn the basic techniques that will allow them to better view the market, rather than the default view (which the market works contrary to in my opinion). When people are fearful, be greedy. When people are greedy, be fearful, for example. A quote renowned by Buffet himself.

In the short term, trading might = gambling for a complete newbie. Though someone who takes the time to learn the right principles and techniques, I think that the difference in chance is incomparable to that of gambling.

Well Warren Buffet is usually a great teacher teaching a lot about the market,

"Usually" he is, although, any mention of Bitcoin to him will make him lose control of his emotions because he can't admit how great of an investment Bitcoin currently is, and will be, in the years that will be coming. ESPECIALLY when the Federal Reseve, the European Central Bank and other Central Banks around the world start Q.E. and turn on the money printers again.

The automobile was probably in the same position during the time when it was newly invented. People like the Warren Buffetts of those times probably said the automobile was something like "Rat poison squared" too.

[Mauser]

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

It depends a bit how we define day trading, do you really buy and sell coins for 8 hours a day, or do we just a buy a few coins per week when the prices are right? A coin is one time event, we either win or lose with 50/50, but if we keep doing the same flip over and over again the chances are high that we will go broke. Nobody can always be right in a coin flip for a long period of time. In case we only do the flip with small amounts then our expected profit is 0, because we should have the same amount of wins as losses. In trading it's different, we don't know instantly if we won or lost money. It could take month for a coin to turn into a real profit and we always have our investment until we sell it. That's why I would say trading is less risky, nobody forces us to sell below our purchase price. We could always hold out and wait for the prices to recover again.

[fingnome]

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

It depends a bit how we define day trading, do you really buy and sell coins for 8 hours a day, or do we just a buy a few coins per week when the prices are right? A coin is one time event, we either win or lose with 50/50, but if we keep doing the same flip over and over again the chances are high that we will go broke. Nobody can always be right in a coin flip for a long period of time. In case we only do the flip with small amounts then our expected profit is 0, because we should have the same amount of wins as losses. In trading it's different, we don't know instantly if we won or lost money. It could take month for a coin to turn into a real profit and we always have our investment until we sell it. That's why I would say trading is less risky, nobody forces us to sell below our purchase price. We could always hold out and wait for the prices to recover again.

When I discuss day trading, I mean those who buy and sell daily, akin to high-frequency trading. This contrasts with longer-term strategies where you can wait out unfavorable prices. In day trading, swift decisions are vital due to daily market fluctuations. This rapid pace inherently increases the risk, as opposed to the more patient approach of holding assets longer-term. Thus, day trading, given its unpredictable nature within short time frames, can feel a lot like a gamble.

[maydna]

When I discuss day trading, I mean those who buy and sell daily, akin to high-frequency trading. This contrasts with longer-term strategies where you can wait out unfavorable prices. In day trading, swift decisions are vital due to daily market fluctuations. This rapid pace inherently increases the risk, as opposed to the more patient approach of holding assets longer-term. Thus, day trading, given its unpredictable nature within short time frames, can feel a lot like a gamble.

Speed in making decisions must be accompanied by the ability to analyze well so that we can enter or exit trades on time. Those who buy and sell every day must have analytical skills to find the coins and make a profit. But most people don't want to learn analysis and only depend on other people. This will make trading like gambling because they do not have a basic analysis determining when they enter and exit.

And if they stay like that, they are just gambling in the market because they don't know how to find the coins and are just waiting for what other people suggest. That's what we have to avoid if we want to trade.

[Wind_FURY]

Day traders often perceive everyone as adversaries, when in reality, there are still individuals engaging in trading not solely for profit-seeking purposes.

What would be their purpose for trading? I have never met a single individual who day-trades for entertainment. There's always a strategy being utilized to get an edge against others, and the profit is merely the validation that their strategy might be working.

Day trading can be exhausting, as it necessitates constant updates on the ever-evolving market conditions, with even minor changes potentially presenting significant opportunities. Missing out on the right moment could result in losses.

I believe you have all day to monitor the market, which gradually enhances your trading skills. However, for me, long-term trading provides a sense of tranquility, sparing me from daily anxieties. You can also transition into long-term trading if you find day trading too demanding.

Most of the top 10% winning traders might be using bots and other statistical apps/automated software to spare them from the daily anxiety of trading, and save their sanity. Hahaha.

Luck plays a role as well, but the odds of winning are (feels) greater.

The odds of winning by a person not included in the top 10% of winning traders might truly be lower than what he/she believes.

[Hirose UK]

Day traders often perceive everyone as adversaries, when in reality, there are still individuals engaging in trading not solely for profit-seeking purposes.

What would be their purpose for trading? I have never met a single individual who day-trades for entertainment. There's always a strategy being utilized to get an edge against others, and the profit is merely the validation that their strategy might be working.

It true if it not to make profit then for what purpose does someone carry out trading which clearly requires more and more capital if you want to get more profits and all of that is full of risks, the same as gambling but in gambling it could be said more to have fun and people like this profit is just luck without much hope.
So far all traders have always aimed to earn additional income not for fun or anything like that.

Day trading can be exhausting, as it necessitates constant updates on the ever-evolving market conditions, with even minor changes potentially presenting significant opportunities. Missing out on the right moment could result in losses.

I believe you have all day to monitor the market, which gradually enhances your trading skills. However, for me, long-term trading provides a sense of tranquility, sparing me from daily anxieties. You can also transition into long-term trading if you find day trading too demanding.

Most of the top 10% winning traders might be using bots and other statistical apps/automated software to spare them from the daily anxiety of trading, and save their sanity. Hahaha.

That because they have lot of money to buy or use tools such as bots in trading and this is normal thing for high class traders.
Moreover in trading the use of bots is still permitted because it is only to be able to determine the selling price and buying price so that traders can be quicker in placing profits and can minimize losses when assets experience decline in price.

Luck plays a role as well, but the odds of winning are (feels) greater.

The odds of winning by a person not included in the top 10% of winning traders might truly be lower than what he/she believes.

Any trader can get win or profit when they have succeeded in getting the right asset and can determine good momentum for the purchase price even though they only use relatively small capital, but remember that in trading you need large capital if you want to get bigger profits too.

[GiftedMAN]

Day traders often perceive everyone as adversaries, when in reality, there are still individuals engaging in trading not solely for profit-seeking purposes. Day trading can be exhausting, as it necessitates constant updates on the ever-evolving market conditions, with even minor changes potentially presenting significant opportunities. Missing out on the right moment could result in losses.

I believe you have all day to monitor the market, which gradually enhances your trading skills. However, for me, long-term trading provides a sense of tranquility, sparing me from daily anxieties. You can also transition into long-term trading if you find day trading too demanding.

Luck plays a role as well, but the odds of winning are (feels) greater.

Trading can be very exhausting if we are a full term trader it if we do everything by ourselves. There world recently have been revolving around artificial intelligence and we need to make sure that we do things that would help us be a good trader. We don't have to trade the whole day, trading is supposed to be like few hours in the market not to be in the market the whole day although we can't relate it to gambling which is mostly based on lucky and little skill which makes it different from trading where you will have to put your skill into practice.

[Unsoldier]

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

Day trading is really something like coin flip. Many traders use their own strategies, but it doesn't always work. Success in trading depends very often on luck. But when you trade, the more money you have, the more influence you can have on the market. But the coin flip is pure random.

[LUCKMCFLY]

Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.

Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more

It is easy for anyone to be able to learn the basic techniques that will allow them to better view the market, rather than the default view (which the market works contrary to in my opinion). When people are fearful, be greedy. When people are greedy, be fearful, for example. A quote renowned by Buffet himself.

In the short term, trading might = gambling for a complete newbie. Though someone who takes the time to learn the right principles and techniques, I think that the difference in chance is incomparable to that of gambling.

Well Warren Buffet is usually a great teacher teaching a lot about the market,

"Usually" he is, although, any mention of Bitcoin to him will make him lose control of his emotions because he can't admit how great of an investment Bitcoin currently is, and will be, in the years that will be coming. ESPECIALLY when the Federal Reseve, the European Central Bank and other Central Banks around the world start Q.E. and turn on the money printers again.

The automobile was probably in the same position during the time when it was newly invented. People like the Warren Buffetts of those times probably said the automobile was something like "Rat poison squared" too.

You are Absolutely right about that , he loses Control and can never Speak well , lol , for him Bitcoin is something that cannot be normalized, the great thing is that his books apply to technology and the Bitcoin Economy, it is a great investo , very wise, personally I have read his books and he is a person who has a lot of wisdom, these things are what I may have Seen , although I don't know if you remember the time that SEO himself and owner of Tron invited him to Lunch or Dinner and they talked about crypto, well there he gave him some coins and well that was quite a casual thing that he liked a lot, I remember it, but in general terms well I think that things are like that when it comes to how to stay up to date with the best investment, that is why sometimes in these types of issues the best is to have the most correct decision, for that reason I think that many more things can be done if it is done with the true moment based on the theories of those who know the most.

Now when it comes to the crypto world, the casinos , all this has a lot of simplicity, or rather the corresponding analogy can be made, for me in what it has to be like uivnerion, or being in a casino and playing games. intelligently because things can happen in a real way, that is, things when they are in the casinos , in the trading , then the profitability must be seen , and to achieve that, I think the safest thing here is to see both the casino and trading as a business, where if Profits are obtained , few, it doesn't matter because it is something that can be done, generated , otherwise I don't see any other way, whatever you do because you always have to find a way to win, That's why when we study, we educate ourselves with books by authors of this style, even if the author doesn't like bitcoin, because the advice that is financial in nature is very good, and it is totally Applicable to the crypto market even though things are different taking into account volatility.