We know that day trading or short time trading is like playing with wild fire, not may can handle it. That's y most player's end up in loss and very few are successful day traders.
Is that hold true for gambling also?
There are posts here that gambling is addiction and how to get rid of.
Are there gamblers here who are in profit overall?
Is that hold true for gambling also?
There are posts here that gambling is addiction and how to get rid of.
Are there gamblers here who are in profit overall?
They have many similarities. Both in day trading and in gambling, people are guided by excitement, the desire to earn money. And there and there very much depends not only on knowledge and experience but also on luck. This is what makes them very similar.
While they are similar the difference is also huge. In gambling the situation is uniform and same all time so basically you will get hooked if you win big once, you will think you are gonna win all the time! But in trading , the markets vary all the time, it's harder to get hooked into as a bullish market can soon become bearish
