Discipline vs. Gambling in Rapid Trading:
Rapidly changing position (long/short flips) is discipline when it's a systematic execution of a strategy like scalping. The rules (entry, exit, strict stop-loss) dictate the flip, making it a planned move.
It becomes gambling when it's an emotional reaction, panic flipping or chasing the market. This break of discipline lacks a plan and guarantees losses due to overtrading and transaction costs.
The plan is the difference in actions
-Control
-Analysis
-Systematic Flipping
If the flip is a robotic, rational decision based on an Indicator Crossover or a Breakout, it's discipline. If the flip is a frantic attempt to catch up with the market or erase a previous mistake, it's destructive gambling.
Remember : In trading, knowing the risk is the price you pay; knowledge of the market is the profit you earn
