Intraday Trading is gambling

I don’t think that intraday trading and gambling are similar. The research and practice that goes into becoming an intraday trader, separates one from being just a gambler. The latter is basically involved in betting in situations. Day traders are much more professional and disciplined than people involved in gambling. Gambling gives you no career, but people today are making huge successful careers out of trading. So yes, I don’t consider both to be similar.

A pro gambler would completely disagree. A pro gambler will put just a much (if not more) research into any bet that they take. trading and gambling are very similar. Even pro traders at banks joke about that

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.

I wouldn’t call it gambling exactly but yes, there are many factors like short term signals and forecasting that might give an effect.

You can always go for short term charts and take a break in between your trades. Sitting in front of the computer all day really is a pain in the neck.

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.

I’ve been trying to move forward to intraday but couldn’t find the right moment to begin with it. I’ve heard a lot about it.

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.

To be honest, I disagree when trading is compared to gambling. I think these are completely different things.

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.