Edit Your Comment
Intraday Trading is gambling
Uczestnik z Jul 09, 2019
38 postów
Jul 30, 2019 at 10:20
Uczestnik z Jul 09, 2019
38 postów
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.
Uczestnik z Jul 03, 2015
10 postów
Jul 31, 2019 at 21:27
(edytowane Jul 31, 2019 at 21:29)
Uczestnik z Jul 03, 2015
10 postów
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
Uczestnik z Jun 29, 2019
65 postów
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
Uczestnik z Apr 13, 2013
2 postów
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
Uczestnik z Jul 20, 2020
341 postów
Dec 08, 2020 at 19:49
Uczestnik z Jul 20, 2020
341 postów
Trading is not so easy. You need to have proper knowledge and experience to make money from this risky market.
Uczestnik z Oct 26, 2020
37 postów
Uczestnik z Nov 19, 2020
104 postów
Feb 10, 2021 at 05:51
Uczestnik z Nov 19, 2020
104 postów
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.
Uczestnik z Mar 02, 2017
50 postów
Feb 10, 2021 at 10:50
Uczestnik z Mar 02, 2017
50 postów
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!
Uczestnik z Jul 23, 2020
869 postów
Oct 03, 2021 at 14:30
Uczestnik z Jul 23, 2020
869 postów
There is no place for gambling. Try not to do that.
Uczestnik z Jul 23, 2020
759 postów
Oct 03, 2021 at 14:51
Uczestnik z Jul 23, 2020
759 postów
Trading is all about analysis. Gambling isn’t the right way.
Oct 10, 2021 at 12:22
Uczestnik z May 23, 2016
32 postów
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
(edytowane Oct 10, 2021 at 14:01)
Uczestnik z Oct 03, 2021
1 postów
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
Uczestnik z Jun 21, 2021
33 postów
Oct 11, 2021 at 09:48
Uczestnik z Jun 21, 2021
33 postów
SwingFish posted:Couldn't agree more on this Botte.
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.
Uczestnik z Apr 09, 2019
538 postów
Oct 11, 2021 at 14:34
Uczestnik z Apr 09, 2019
538 postów
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
Uczestnik z Dec 24, 2013
2 postów
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.
Uczestnik z Jun 14, 2021
53 postów
Oct 16, 2021 at 07:11
Uczestnik z Jun 14, 2021
53 postów
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
Uczestnik z May 23, 2016
32 postów
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
Uczestnik z Dec 12, 2019
18 postów
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.

*Komercyjne wykorzystanie i spam są nieprawidłowe i mogą spowodować zamknięcie konta.
Wskazówka: opublikowanie adresu URL obrazu / YouTube automatycznie wstawi go do twojego postu!
Wskazówka: wpisz znak@, aby automatycznie wypełnić nazwę użytkownika uczestniczącego w tej dyskusji.