Intraday Trading is gambling

Gambling and trading. Both can be diferent or the same, it depends on who is behind it. Gambling is when you do something without the proper knowledge and hoping to win. Trading or investing is when you do something with the proper knowledge that gives you an edge and in the long term, gives profits $$$$. If you trade without the proper knowledge, you're gambling and so you're hoping by chance to win. Trading with the proper knowledge, is investing and so you have the confidence in your trades and although you never win 100%, you have the edge to become profitable in the long term. This approach applies to every type of business or investment.

Trading with diverse trading strategies can facilitate some help towards the traders. But which trading strategy will be better for a trader actually reliant on how well a trader can make best use of trading skills. However yes, before a trader can initiate trading strategy he should not fall in any sort of gambling offer. I favor to use a trading strategy when I can make the greatest use of it with the proper exploitation of that trading strategy.

You have sense. Market movement is not about Technical nor Fundamental.. Its about what the MM wants, where is the money. Thats why they keep selling for the next 100 pips even when 90% of traders are buying. Trade in the shadow of the main movement and not your prediction i.e. Trade what you see and not what you predicting

twalk posted:

togr posted:
Trading is about forecast future.

Trading is not about forecasting. It is about waiting for a good move and enter it, hoping it will continue. MM is doing the rest. It is impossible to forecast price moves, they can go up, down or ranging at anytime, and just because a trend appears, it can reverse the opposite because most of the traders entered at this point.
If price goes up, everyone buys so price goes down, etc. No way to predict anything. It is like two people crossing each other without knowing if they cross by the right or by the left.
Just knowing how strong is the move is a way to be right with more than 50% probalility. This is not foecast at all, this is watching what just happened.

Trading is not so easy. You need to have proper knowledge and experience to make money from this risky market.

There are always options, and you can choose the one that will be effective and useful for you.

Intraday trading involves good amount of research, planning and skills to succeed. Can't compare it to gambling, traders work really hard to achieve results through day trades.

I believe that everyone who trades using technical analysis is in someway gambling.
There is no difference if you use higher timeframes or smaller ones. Technical indicators will give same answer, always.
The problem with daytrade is more about risk management. If you trade monthly for a 5% return and 60% year, you must do the same in daytrading.
Don't think you can do 100x more profit using a 15 min TF vs a daily TF.
Everything has risks. There is no gain without risk.

There is no place for gambling. Try not to do that.

Trading is all about analysis. Gambling isn’t the right way.

if you do cross a street, the probability to get run over is much lower using a zebra stripe or a traffic light, still there is a chance it may happen, hende it's a gamble, you just having a really high probability of success, and this is what is it all about.

this whole gambling/non-gambling thing is just a fight about the definition, everything in life is a gamble!

trading (especially day trading) is about probability. just because one trade on a larger timeframe doesn't make it less of a gamble, it's just slower in terms of time used and capital at risk.

most daytraders fail because they use the common knowledge on risking 1ish percent on a trade, which is massively oversized on a range play or something similar.
as a losing streak can lead to some major losses. in a very short time.

exposure and risk are not the same things!
putting 10 trades on with 1% risk creates a 10% exposure, a return of less than 10% makes one a bad trader, however, the majority of daytraders claim 'I risk only 1% per trade'
ending the day with a 1% profit and feel good about themselves, not realizing that this 1% gain had a 'cost' of a 10% exposure.

SwingFish posted:
if you do cross a street, the probability to get run over is much lower using a zebra stripe or a traffic light, still there is a chance it may happen, hende it's a gamble, you just having a really high probability of success, and this is what is it all about.

this whole gambling/non-gambling thing is just a fight about the definition, everything in life is a gamble!

trading (especially day trading) is about probability. just because one trade on a larger timeframe doesn't make it less of a gamble, it's just slower in terms of time used and capital at risk.

most daytraders fail because they use the common knowledge on risking 1ish percent on a trade, which is massively oversized on a range play or something similar.
as a losing streak can lead to some major losses. in a very short time.

exposure and risk are not the same things!
putting 10 trades on with 1% risk creates a 10% exposure, a return of less than 10% makes one a bad trader, however, the majority of daytraders claim 'I risk only 1% per trade'
ending the day with a 1% profit and feel good about themselves, not realizing that this 1% gain had a 'cost' of a 10% exposure.

This is amazing, thank you for your insights

SwingFish posted:
if you do cross a street, the probability to get run over is much lower using a zebra stripe or a traffic light, still there is a chance it may happen, hende it's a gamble, you just having a really high probability of success, and this is what is it all about.

this whole gambling/non-gambling thing is just a fight about the definition, everything in life is a gamble!

trading (especially day trading) is about probability. just because one trade on a larger timeframe doesn't make it less of a gamble, it's just slower in terms of time used and capital at risk.

most daytraders fail because they use the common knowledge on risking 1ish percent on a trade, which is massively oversized on a range play or something similar.
as a losing streak can lead to some major losses. in a very short time.

exposure and risk are not the same things!
putting 10 trades on with 1% risk creates a 10% exposure, a return of less than 10% makes one a bad trader, however, the majority of daytraders claim 'I risk only 1% per trade'
ending the day with a 1% profit and feel good about themselves, not realizing that this 1% gain had a 'cost' of a 10% exposure.

Couldn't agree more on this Botte.

I agree. Gambling fixes the odds and there isn't much you can do to affect the probability. With trading the whole point is you are trying to affect the probability.

I agree. Gambling usually refer to novices who don't know how to read the charts, don't know what the charts are saying, and don't have the skillset to pick their S/L, TP or understand lot size. When you respond to the data you see, you are not gambling.

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.

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.

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.

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.

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.