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Is someone who day-trades stocks an "Investor" or a "Gambler"? I think most people who day-trade would call themselves "investors" but it seems precisely like
by tanseydavid 4y ago
Is someone who day-trades stocks an "Investor" or a "Gambler"?
I think most people who day-trade would call themselves "investors" but it seems precisely like gambling to me.
Can trading stocks be both "investing" or "gambling" depending on how you approach it?
- MacsHeadroom 4y agoDay-traders tend to not call themselves investors. They call themselves traders. Investing involves holding assets long term. But they certainly don't call themselves gamblers. At least not any that turn it into a successful career.
- stouset 4y agoThey are gamblers.
- thunky 4y agoYou can gamble with anything, to include things that aren't worthless like food, housing, stocks, etc. You can also invest in them. But you can't invest in worthless things.
- xmcqdpt2 4y agoIs the day trader in your example trading their own money? Because most traders aren't. They are bank and fund employees with KPIs, risk management oversight, massive support functions and very expensive computer programs. Retail investors that are day trading on the other side of those professionals are absolutely gamblers though.