On Monday, June 7, 2021 at 7:20:03 PM UTC-7, Frank Krygowski wrote:
On 6/7/2021 3:51 PM, AMuzi wrote:

Day trading _may be_ (and often is) gambling but not necessarily always..
There are valid short transaction period strategies.
I'll accept that correction, with a bit of modification. Yes, of course
there are some valid short term investment strategies.

But the vast majority of day traders apparently do not use those
strategies for most of their trades. They do not come out ahead,
according to several sources. For them day trading is most likely like
other gambling.

There is a mind-boggling array of data and analytics available to the modern day trader that, if properly understood, will produce sure-fire profits -- except when it doesn't. It's like using your super-computer to plot the perfect trajectory for a moon-shot, only to have your rocket hit by a piece of space junk. There are frequent WTF moments, but there are also ways to mitigate that uncertainty by cheating -- or quasi-cheating, or as the kids put it "pay back." https://en.wikipedia.org/wiki/GameStop_short_squeeze Sticking it to the man!

-- Jay Beattie.