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Intraday Trading is gambling
會員從Jul 03, 2015開始
9帖子
Jul 31, 2019 at 21:27
(已編輯Jul 31, 2019 at 21:29)
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.
Aug 02, 2019 at 15:42
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.
Aug 03, 2019 at 12:35
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.
The best way to succeed is to FAIL FORWARD
會員從Jul 20, 2020開始
278帖子
Dec 08, 2020 at 19:49
Trading is not so easy. You need to have proper knowledge and experience to make money from this risky market.
會員從Mar 02, 2017開始
46帖子
Feb 10, 2021 at 10:50
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 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.
Trade safely... Remember, a high Drawdown means a high risk!
會員從Jul 23, 2020開始
816帖子
Oct 03, 2021 at 14:30
There is no place for gambling. Try not to do that.
會員從Jul 23, 2020開始
696帖子
Oct 03, 2021 at 14:51
Trading is all about analysis. Gambling isn’t the right way.
Oct 10, 2021 at 12:22
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 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.
Professional Canned-Tuna Eater
Oct 10, 2021 at 14:00
(已編輯Oct 10, 2021 at 14:01)
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
會員從Jun 21, 2021開始
33帖子
Oct 11, 2021 at 09:48
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.
會員從Apr 09, 2019開始
516帖子
Oct 11, 2021 at 14:34
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.
If you can't spot the liquidity then you are the liquidity.
Oct 11, 2021 at 18:33
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.
Your Past doesn't have to be your Future.
會員從Jun 14, 2021開始
51帖子
Oct 16, 2021 at 07:11
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.
Oct 17, 2021 at 08:15
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
Nov 12, 2021 at 09:08
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.
Nov 17, 2021 at 02:20
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.
Nov 22, 2021 at 04:52
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.
會員從Apr 09, 2019開始
516帖子
Jun 20, 2022 at 11:08
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.
