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In gambling, you do not have control over the outcome of the bet and very much depends on luck. Gambling is just a guessing game on which way the cards or the dice will roll.
Now for day trading, it really depends on how you approach the trade. If you do a wild guess or just simply enter into a trade because you must, then it is gambling. You are just shooting into the dark.
Nowadays, with the advent of the Internet, you can learn methods to approach day trading systematically. You can use technical analysis to decide whether to buy or sell based on the chart patterns or indicators such as RSI, stochastic, oscillators, moving averages, etc. The Internet is able to provide the day traders with tick by tick charting to help them make the buying or selling decision.
You can trade on a news event, especially in the foreign exchange markets, where economic data are released almost daily. You do a trade on how far out of expectation is the released data versus the expected data. Basically, you have the tools to day trade the markets. Of course, the tools may not help you make money all the time but they help you to minimize risk. You are making a calculated risk rather than a gamble when you do trade in such a discipline manners with a stop loss built into the trading plan.
Hence, before anyone write off day trading as just gambling, please ask the question as to whether they have approach the trade with a trading plan or do a wild guess with no clear method.

Learn more about this author, Grey Khoo.
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