How is retail day trading anything but a gamble?

oshjdf said:
Edward Thorp said market is not efficient and we need to figure out the efficiencies that give us edge over the market.
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this is bull shit

market repeats

but there is so much bullshit by professional like Thorp that you actually believe them.

it took me 13 years to find out what the market does and only after reading all the bull shit books did i start searching for that: i might have found it earlier
 
KCalhoun said:
It's all about risk & trade management.
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that is correct if you do not know how the market works or what it does or if you are not interested in learning or searching for that understanding.

i searched for and was willing to take 13 years of losses to find that because i do not like putting my money to 'risk' or trading without full understanding.

if you know the market repeats it is not about risk at all
 
kmiklas said:
I can leverage up about 4x when markets are open (only 2x overnight). I'd like to employ the capital that magically comes available every day--which means day-trading--but how is day trading anything but a gamble?

With all the talk of resistance levels, moving averages, trendlines, etc., what stops a big player from dropping a massive trade and smashing your position?

Perhaps in the ULL world where you're first to market on everything, I can see an advantage; or, if you work for Goldman and have every advantage at your fingertips; even better, a connected hedge fund with billionaires in their golf course foursome and a trading app... yes.

But retail day-trading seems to sit in the "no-man's land" between the above and swing trading--a dead zone where no discernible advantage exists. :confused:
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I know what you mean, but that's why you have bidirectional EAs...for these reasons :)
 
For a day trading, investing and gambling goes hand in hand. Although day trading is a fast and glamorous way for making money, it includes a plethora of risk aspects which makes it gambling in disguise for most traders. It is simply a quick reaction to the current market and avoids considering all the factors which are important for driving an investment, which makes day trading not to be a win-win.
 
markteshorn said:
Although day trading is a fast and glamorous way for making money, it includes a plethora of risk aspects which makes it gambling in disguise for most traders.
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Really? How glamorous can it be when all we do 8 hours a day is staring at a computer screen, clicking away? You can even be in your pajama while clicking away.
 
ironchef said:
Really? How glamorous can it be when all we do 8 hours a day is staring at a computer screen, clicking away? You can even be in your pajama while clicking away.
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It's not glamorous, but trading beats the heck out of corporate 9to5 drudge. Bosses from hell, moron coworkers, company politics ugh. And ties. Blech. For 21 years every day is casual Friday with gym shorts.:D

I love trading, sing "yo ho, yo ho, a traders' life for me" lol
 
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padutrader said:
i searched for and was willing to take 13 years of losses to find that because i do not like putting my money to 'risk' or trading without full understanding.

if you know the market repeats it is not about risk at all
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I swear to god, this guy takes a bunch of words and just clumps them together to form a sentence regardless of how much sense they make.
 
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