Quote from: InwardContour on July 05, 2014, 03:35:08 AM

Quote from: Gimmelfarb on July 05, 2014, 02:45:33 AM

Quote from: Malin Keshar on July 05, 2014, 02:38:35 AM

Quote from: CEG5952 on July 05, 2014, 02:14:15 AM

Quote from: fatguyyyyy on July 05, 2014, 01:34:42 AM

Daytrading in any form, is similar to gambling imo.

Dont get me wrong, daytrading is totally different from just buy bitcoin at its low then holding on to it.

When you are doing day trading, your making multiple trades within that hour depending on your approach.

No, that's not necessarily true. To be specific, that would be "intra-day" trading. Day trading positions can take place over the course of days (plural) to be sure. I rarely make more than one trade in a day (scalping), but I do trade on the 1hr/4hr charts, so, days.

Intra-day trading is perfectly possible, on bitstamp for example its common see more than 0.4% variations when the market is sideaways, so its possible have at least small profits from day trading.

i don't think he was saying it wasn't possible. he was making a distinction between day trading and intraday trading, since a lot of people erroneously think that day traders always close positions before the end of day, and multiple times a day.

With a market that does not every technically close there really is no distinction between a day trader and an intra-day trader.

well, i'd say there certainly is when someone defines a "day trader" as having to make "multiple trades within that hour". that simply isn't true, so it's a valid distinction to make, at least in this instance.