Post
Topic
Board Gambling discussion
Re: Gambling is like day trading ?
by
Danslip
on 23/04/2020, 23:10:53 UTC
Result the same. Or maybe do you know traders which living by trading for long time, eh? For honest, i don't know any example. I know traders which selling signals, which selling courses or even creating movies about their life (wolf of wall street). But there noone who would live from their "main" activity.
Trading shitcoins might be completely risky and can end up with losing all your investment. So does gambling as well, it might provide us higher yield of investments or can make us lose everything. I would never argue that all the traders are gamblers, but all the gamblers at one point of time would have been traders indeed...

Only a very few of us consider gambling as a form of game or entertainment while majority of them play for immediate profits which are quite risky and can end up losing all over money... So does trading shitcoins go here, either we might end up with high profits in a short span of time or might lose our investment completely with get rich quick scams.

I'm not talking about trading shitcoins. I mean not only about them. I'm talking about day trading on any asset, like bitcoin, oil or gold. I don't know any man (or woman) which would live from this activity for a long time. For a some month or even years, maybe. But the same can be told about poker players too.
For example, I know 3 traders personally who make a living with the profit of the forex trading. The long term spot forex market traders analyze the macroeconomic trends and join before anyone else. There is an edge on long term-swing trading, what about the gambling?

Finding an edge in your life is not easy like I have compared the similar case in gambling. Not all gamblers have the same opportunity to learn the hidden secrets in gambling industry, some lucky guys already have won the huge amounts of cash. Money management is the 70% of the any working gambling strategy.