How different is trading from just gambling? I know there seems to be a big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
They are similar, but there is one key difference.
If you throw your money up in the air and hope it lands a certain way, you are gambling.
If you check the wind and the weight of the money before throwing, you are trading
But this is not what this topic is about
Whether you check the wind and the weight of the coin before tossing or rely purely on luck, in the end, as per opening post, you are "just betting on something completely random". If you disagree (which you should), then you have to explain how trading is not betting if everyone "goes for wool but comes back shorn", so to speak, i.e. everyone and his dog want to earn profits but in the end they still count only losses. So how trading is not gambling for them?