The intraday is a casino

Very simple question.
Answer is Yes and No.


if you only spend few minutes a day practising day trading,
then day trading is a casino where you lose tons of money.


If you practice day trading as if you were preparing for olympics competition,
then day trading is like pressing the button on money printing machine
and that's where you earn tons of money

US-Printing-Press.jpg
 
They are until they're not. You are gambling on whether there will be a tweet or not. Perhaps before Trump, it was more skill than gambling.
Actually I prefer there not to be a tweet, I also don't trade infront of economic news or a fed meeting either. I would agree that that could be considered gambling, however intraday trading is not gambling for a successful trader.
 
Got it. I think intraday has a lower signal/noise ratio but it isn't "random". If it were random, you couldn't observe stats which show certain consistent relationships going back decades.
 
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