I agree with you, we could say that day trading is more like gambling if you're unsure on what you're doing or you have no idea how it works and Some traders should know how to control their emotions. well, everything is easy to learn if you are really interested, we have a lots of accessible tools that will help to do some research regarding this matter.
Even in that case there are fundamental differences between the two, in the case of gambling even if you knew nothing about the different games offered by the casinos your chances of winning are still as good as the chances of everyone else, so your ignorance does not have an effect on your potential outcomes.
But when it comes to trading we see the opposite, as if you are ignorant about how the market moves and what you can do in order to take advantage of those movements you will lose your money without any possibility of getting it back.
Even with the knowledge you gain in trading as I have worked a couple of years in a grain exchange you cannot win constantly which make it the same as the gambling.In fact in gambling is better as because as you say you don't care much knowing anything except you just need to hit that spin button in slot machines for example and the outcome is already determined before,so the only thing needed here is LUCK,the same in trading,without LUCK no matter how successful you may think you are you will not be for long.
Yes, but still though you might have a good chance if you know technical analysis and you know how to take advantage of it. So there is still some element of luck but at the same time, you can reinforced it with the knowledge you have. So the chances of you making money specially in the long term is higher as compare to gambling as it is really based on luck specially the games like dice or slots.
And once you step up in a traditional land base casinos, expect that the money that you will gamble will be 99% be on the losing side. Unless you are extremely lucky that day. Same with online gambling, you don't know what will be the outcome. So for me, if you have the experience to do day or short day trading, I will take that chances against gambling.
Trading with having analysis applied is totally different on doing trades on which you do make positions without having any analysis or basis is really just that pure gambling. Yes, the element of luck does still plays a role when it comes to trading but if you dont really apply any analysis into it then it would really be that most likely to be a mess yet trading doesnt work that way and it is really needed to have that kind of approach on which strategies and analysis should really be applied which we know that it cant really be that possible on doing gambling but of course there are also some gambling games which arent really that totally highly depending on luck which strategies could really be applied.
So talking about choices then it doesnt really need for someone to choose up since we are really that free on whatever things that we would really be tending to do so.
Bigger gamble would really be just depending on how big is the risks that you could really be able to handle.Its impossible that we cant really be able to differentiate
in between entertainment and investment which we know that real difference between trading and gambling. It doesnt really need that too technical thinking about differentiation
yet even just using you own common sense should really be just that enough.