The intraday is a casino

Discussion in 'Index Futures' started by TTT, Dec 18, 2018.

  1. 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.
     
    #61     Nov 28, 2019
  2. maxinger

    maxinger

    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

    [​IMG]
     
    #62     Nov 29, 2019
  3. nickynoes

    nickynoes

    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.
     
    #63     Nov 29, 2019
  4. Fonz

    Fonz

    Gambling?
    One of the following picture is an intraday HA chart and the other one is a weekly HA chart.
    What do you think?

    TSImage1.jpg

    TSImage4.jpg
     
    #64     Nov 29, 2019
    SouthbeachCTA likes this.
  5. What's a HA chart
     
    #65     Nov 29, 2019
  6. Fonz

    Fonz

    Heikin-Ashi
     
    #66     Nov 29, 2019
    nooby_mcnoob likes this.
  7. 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.
     
    #67     Nov 29, 2019
  8. Last edited: Nov 29, 2019
    #68     Nov 29, 2019
  9. ElCubano

    ElCubano

    It’s all a casino. With that being said, people can make money and sometimes a living in a casino.
     
    #69     Nov 29, 2019
    qlai likes this.
  10. notagain

    notagain

    Risk
     
    #70     Nov 29, 2019