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Intraday Trading is gambling

marindateal
Oct 16 2021 at 07:11
53 posts
Absolutely @Mario, Everything in life is a gamble. In trading, you can risk a lot and get rewarded, or you can stay safe and get poor. I think what separates the successful traders from the unsuccessful ones is the ability to control risk.
Mario (SwingFish)
Oct 17 2021 at 08:15
32 posts
marindateal posted:
Absolutely @Mario, Everything in life is a gamble. In trading, you can risk a lot and get rewarded, or you can stay safe and get poor. I think what separates the successful traders from the unsuccessful ones is the ability to control risk.

that's right Risk & Exposure is everything!
its the only things you can control, so why try to control somethings no one has control over,

my slogan is: Losing money professionally ;)

that does lead to profitability, but the average Instagram trader that want's to be rich in 3 days won't understand that.
Professional Canned-Tuna Eater
croisssan
Oct 17 2021 at 09:15
939 posts
I wouldn't make such a comparison at all, IMHO. As for me, trading is a completely different process.
Garrian
Nov 12 2021 at 09:08
17 posts
I don't think intraday trading can be compared with gambling, as well as scalping can't be compared with gambling. The whole trading activity has some distinguishing traits, which help people to differ trading and gambling. Often, gambling just takes your money and it's almost impossible to give it back, because your emotions control you in these cases and you start lose and lose. The same thing can be in traing, nevertheless there are much more chances to bring your lost money back, because the mechanism of market price movement is clear. In gambling you rely on luck an no more, there are no strategies at all.
Chuck (citw)
Nov 17 2021 at 02:20
2 posts
Garrian I agree with that analysis. I have never been able to go to a slot machine and have data to show me if I can win or not. Even if I rolled the dice at a crap table I still wouldn't have a clue whether I would win or lose. In trading my chances of winning a trade is all based on my knowledge of the markets, the news, the institutions, and my indicators. I trust my candlesticks and I trust my analysis. I am clueless when I go to gamble. I hope Mario decided to go get some education on trading.
Your Past doesn't have to be your Future.
shortant
Nov 22 2021 at 04:52
73 posts
One should not perceive the financial markets in terms of gambling because nobody has a chance to win forever, even with favorable bets. If you are not able to accept the losses, the financial market is not for you. Intraday trading is a business that requires not only the will to win but also the ability to make the right decision every time.
AhmadAli89
Jun 20 at 05:53
40 posts
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.
Not actually, short term trading is such a popular trading style! In my trading, I am also involved with long term trading, but till now I don’t consider the short-term trading as like gambling!
Seb King (sebking1986)
Jun 20 at 11:08
399 posts
The other point is that price is fractal. The same patterns present themselves on all time frames, just at different speeds.
If you can't spot the liquidity then you are the liquidity.
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