Intraday Trading is gambling
Aug 04, 2022 at 07:45
If that is how you feel, maybe you should switch strategies and take up a hobby if all you’re doing is trading all day long. You need a break to refresh your mind to make good choices. Gambling only happens when you have no control over your emotions and things start going wary. Find balance and structure and maintain discipline. Change your strategy and come back refreshed.
Member Since May 13, 2022
34 posts
Aug 09, 2022 at 06:47
People call it gambling because of the high level of uncertainty. But if done with the right approach, it is far different from what gamblking looks like. Gamblers have no control over their emotional self and they have no plan in hand. If that was the case with traders, they won't make any money.
Member Since Apr 09, 2019
538 posts
Aug 09, 2022 at 10:20
If blended with HTF analysis trading intraday can be traded just as competently as long term swing trading. You're still taking high probability trades, just on faster moving charts.
If you can't spot the liquidity then you are the liquidity.
Member Since Aug 17, 2022
39 posts
Sep 03, 2022 at 06:57
I don't really agree, because gambling is all about making rough predictions but on the other hand ,intraday trading is all about making right predictions on the basis of right knowledge and logics behind it.
Sep 06, 2022 at 07:02
Day trading is not gambling unless you trade like a gambler. You don’t need to watch charts all day for day trading. You can just trade during the volatile hours and limit your number of trades. Do not over trade and stop when you start losing in a row.
Member Since May 26, 2022
1 posts
Sep 12, 2022 at 20:53
tyson_learner posted:Exactly! The more experience you gain as a trader the easier the tasks are.
I don't really agree, because gambling is all about making rough predictions but on the other hand ,intraday trading is all about making right predictions on the basis of right knowledge and logics behind it.
My goal is to emotionally intelligent while being intellectually intelligent while trading these markets and inspire others anything is possible.
Member Since Oct 22, 2022
1 posts
Nov 09, 2022 at 14:07
The US dollar index (Dxy) sank in the range of 109.50 in the early trading of the Asian session Wednesday (9/November), after dropping dramatically in the previous three days of trading. Various factors suppress greenback at this time. Starting from the re -calculation of the Fed interest rates after the increase in US unemployment rates, to market concerns about the results of the midterm elections and the release of US inflation data in the near future.
The United States held an interrupted election starting on November 8 yesterday. This interim election will determine whether the Republican or Democratic Party will control the US Congress. A total of 435 house of representatives and 35 senate seats were struggled. The results of the previous survey and the results of this temporary calculation show that the Republic has the potential to win the Senate as well as the House of Representatives. In fact, the victory of the Republican camp will increasingly complicate the launch of US Presidential Presidential Policy Program Joe Biden. Reflecting on the chaotic previous US budget plan, Biden needs the support of the Democratic Party to launch an abundant fiscal stimulus. If the republic wins, the fiscal stimulus scale is likely to be much smaller. On the other hand, minimal fiscal stimulus will allow the Fed to slow down the rate of increase in interest rates faster. Thus, the Domination of the Republic of the US Congress can have a negative impact on the US dollar and is positive for the Wall Street stock exchange. Conversely, the victory of the Democratic camp can be a positive catalyst for the US dollar. Unfortunately, observers assess the prospects of Democratic victory are very small.
Speculation about US inflation data is also a market spotlight. Consensus estimates that the data to be released on Thursday will show a slowdown from 8.2 percent to 8.0 percent (year-on-year), thus supporting the estimated increase in the Fed interest rate of 50 basis points only in December. The US dollar is likely to be further depressed if inflation is lower, but can also turn up if inflation turns out to be up again.
The United States held an interrupted election starting on November 8 yesterday. This interim election will determine whether the Republican or Democratic Party will control the US Congress. A total of 435 house of representatives and 35 senate seats were struggled. The results of the previous survey and the results of this temporary calculation show that the Republic has the potential to win the Senate as well as the House of Representatives. In fact, the victory of the Republican camp will increasingly complicate the launch of US Presidential Presidential Policy Program Joe Biden. Reflecting on the chaotic previous US budget plan, Biden needs the support of the Democratic Party to launch an abundant fiscal stimulus. If the republic wins, the fiscal stimulus scale is likely to be much smaller. On the other hand, minimal fiscal stimulus will allow the Fed to slow down the rate of increase in interest rates faster. Thus, the Domination of the Republic of the US Congress can have a negative impact on the US dollar and is positive for the Wall Street stock exchange. Conversely, the victory of the Democratic camp can be a positive catalyst for the US dollar. Unfortunately, observers assess the prospects of Democratic victory are very small.
Speculation about US inflation data is also a market spotlight. Consensus estimates that the data to be released on Thursday will show a slowdown from 8.2 percent to 8.0 percent (year-on-year), thus supporting the estimated increase in the Fed interest rate of 50 basis points only in December. The US dollar is likely to be further depressed if inflation is lower, but can also turn up if inflation turns out to be up again.
Attachments:
Member Since Oct 26, 2022
3 posts
Nov 09, 2022 at 14:32
day trading is not every day trading , sorry to inform
Member Since Feb 02, 2024
23 posts
Mar 07 at 10:14
The statement that intraday trading is gambling has come up a few times, that I've seen. Although I am aware of the risks and the fast-paced environment, I believe it depends on how you go about it. With a solid strategy, proper risk management, and discipline, intraday trading can be more than just gambling. It's important to remember though, even the best plan can't guarantee achievement , and keeping emotions in check is key!
Member Since Sep 01, 2022
24 posts
Mar 10 at 14:08
All charts look the same - prices go sideways, then there's a trend... sideways again... trend again.
The trend is easy to spot. So when is the trend over and prices start to consolidate again?
That can be learned, as there are quite simple rules that apply.
When prices consolidate, the first step is called 'price consolidation'.
After that the sideways move turns into a 'price congestion'
and after that into a 'trading range'.
Important is to check all timeframes, starting with the highest (slowest) first.
So, when the monthly chart is in congestion for example, then all faster timeframes follow the congestion rule.
Prices almost always stay within the congestion range and historically hardly every trade more than 12.5% outside this range.
The rest is a matter of discipline to stick to the rules!
So what needs to be learned?
The consolidation rule, the congestion rule and the trading range rule.
Once that is accomplished, and with a disciplined approach to trading, daytrading or position trading turn into a business and has nothing to do with gambling anymore.
The trend is easy to spot. So when is the trend over and prices start to consolidate again?
That can be learned, as there are quite simple rules that apply.
When prices consolidate, the first step is called 'price consolidation'.
After that the sideways move turns into a 'price congestion'
and after that into a 'trading range'.
Important is to check all timeframes, starting with the highest (slowest) first.
So, when the monthly chart is in congestion for example, then all faster timeframes follow the congestion rule.
Prices almost always stay within the congestion range and historically hardly every trade more than 12.5% outside this range.
The rest is a matter of discipline to stick to the rules!
So what needs to be learned?
The consolidation rule, the congestion rule and the trading range rule.
Once that is accomplished, and with a disciplined approach to trading, daytrading or position trading turn into a business and has nothing to do with gambling anymore.
A little bit of knowledge is a dangerous thing!
Member Since Aug 17, 2023
3 posts
Oct 21 at 13:04
I’ve been there too, staring at 5 or 15-minute charts and feeling like my eyes are about to fall out. It’s intense and can get a bit addicting, no doubt.
Oct 22 at 11:41
The pressure to make quick decisions can definitely feel more like gambling than strategic trading, and it’s easy to become addicted to the fast-paced nature of intraday trading. Prioritizing your health and finding a balanced approach to trading is so important!
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
