Day Trading Gambling Reddit

Day Trading on the stock market can be the most readily available form of online gambling As young as 18 you can open up a brokerage account dump all your savings in there and start gambling by buyingselling short-selling options trading etc with minimal-to-no research or strategy in place. Regulators concerned that the Reddit day trader army made money in GameStop trading instead of the hedge fund elite Mark Frauenfelder 507 pm Wed Jan 27 2021 Reuters reports that regulators may.

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On TD Direct Investing trading only on CDN exchanges for now.

Day trading gambling reddit. Seeing good volume and price action in the premarket. Have 80k in cash available. Think about it before you answer.

Straight to the point. Heres what youll need to begin your day trading career. Stocks Money GamblingAre you a trader or a gambler.

Some experts consider day trading to be the latest form of compulsive gambling. The roller-coaster excitement and the chance to make a fast buck are luring more people to day trading firms. If you are able to exercise extreme discipline and laser focus on your trading strategy you can profit in the market.

That doesnt make it gambling in the gaming casino sense. Day trading is a game though which is useful. Im not looking to jump right in as my day job but Im curious to hear your stories on how you segued into making day trading your career.

Anything less and youll find your first day pretty frustrating. The house or market does not have any unfair advantage as with casino style games. Encouraged by Robinhoods addictive gamification of day trading and egged on by like-minded Redditors on WallStreetBets these traders have rejected the tedious long-term view of the passive.

Reddit Day Trading Books The key skill of is day trading gambling is the ability to hear others. Stocks and Options that are days or weeks in the future are definitely mostly gambling for the majority of people who trade them casually. Day trading and investing for the long term are both viable forms of securities trading and many traders opt to do both.

Me Eng leader at tech startup living in Canada. Retail investors on Reddit are boosting GameStop shares in defiance of hedge funds and investing norms. Members of the group Wall Street Bets have formed a snowballing momentum trade as posts go.

Gapping up on momentum from the last couple days of trading. Good volume in the premarket with premarket resistance around 1028-1029. So asking if day trading is gambling or not is not useful because day trading like everything from deciding to not wear a condom to picking your major in college has risks and rewards.

Tradingwith its promise of high income financial freedom sometimes frenetic pace highs and lowscan become an addiction for some people just like alcohol or gambling. Margin accounts restrict you to 3 day trades per week unless you have 25000. Kevin OLeary starts day trading Reddit-favored stocks to see if he can beat robo-advisor returns.

Premarket resistance is at 399 with support near 350. With day trading all positions are opened and closed within the same day. Gambling has a fixed odds system for all major games while trading in the markets is truly unpredictable.

I always compare it to playing blackjack with the deck face-up. 1 14 Day Trial to the Live Traders Chat Room. A pattern day trader includes any margin customer that day trades buys then sells or sells short then buys the same security on the same day four or more times in five business days provided the number of day trades are more than six percent of the customers total trading activity for that same five-day period.

Stocks are just provide the action. Published Wed Feb 17 2021 1123 AM EST Updated Wed Feb 17 2021 156 PM EST. Day trading involves making trades that last for seconds or minutes taking advantage of short-term fluctuations in an assets price.

Gapping up on COVID-related news catalyst. Mid-40s spouse is professional 2 school aged kids. Getting married is a big gamble.

Gapping up on a news catalyst. Its the gambling behavior that is the addiction Nower says. Day trading in and of itself is not addictive.

Forex and Futures day trading and scalping is most certainly not. Youre addicted to gambling on high-risk stocks. If you tend to be impulsive you might want to pursue a different career.

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