The name "intra-day trader" refers to a stock trader who opens and closes a position in a security in the same trading day. ... Day traders and intra-day traders are at the top of the risk spectrum. -- Investopedia
Is intraday trading haraam if you convert it to investment in case of making loss?
Suppose I do intraday trading.
- If the stock I bought goes up, I sell and make profit;
- If its goes down, I convert it to a normal equity order and hold it for the time (days) until it goes up again, and then sell it.
Will that be gambling (haraam) or business?