Day Trading: short time frame trading or gambling?

Is Market Profile built for what is called “day trading”? In short, yes. The term day trading often connotates a negative reaction from people, as its viewed as basically gambling on stocks. But really it just means entering and exiting your trades on the same day. Simple. There are a million strategies for day trading and most of them are worthless. Trading on a short time frame is hard because automated trading is rampant and much faster than you can click. It is said that something like 90% of all short term trader lose money. Using Market Profile can give you an edge most of the market is not using. Read the Market Profile Primer and follow the playbooks on this site and you will see what the Market Profile provides you. It can show you what kind of buyers ae active and at what levels. It can show you prive levels with high activity in time and volume, indicating an accepted price that can act as a magnet for the market. The Market Profile has value for the long term too, with aggregated time and price platting, but our purpose here is mostly short term. Its not a bad thing to be a “day trader”, it’s just a time frame. Proper analysis with Market Profile and volume analysis can bring you success in the very competitive world of short term trading, “day trading”. So don’t be put off by the negative connotations and get familiar with Market Profile. Get ahead of the crowd and succeed where others fail.