Post
Topic
Board Gambling discussion
Re: Gambling is like day trading ?
by
3meek
on 18/04/2020, 10:37:03 UTC
I don't know anybody who constantly makes money in trading on the stock exchange or in casinos, or at bets! So I think that daytrading and gambling can easily be called similar..
I don't think there is someone who can earn daily in betting or casinos. AFAIK, we don't always win in each attempt in gambling. While in trading, you can earn daily if you don't target too high for profits. On the other side, some gambling games such as dice or slot, require no specific skills since they are luck-based. In trading, especially in day trading, we need specific skills to optimize the chance of profits. You cannot trade with careless skills & no knowledge in trading yet it will lead to losing only. So, how can we conclude they are the same?

The conclusions are that day trading and gambling lead to losses! Here everything depends on luck, and nothing else! I'm not comparing trading with sports betting or poker, I'm talking about casino... Wink

Skills can help when trading for weeks or months, but intraday trading is not subject to technical analysis! I'm talking about it because I was losing my money trading intraday! Grin