First off I want to express my gratitude for your continued support on this incredible journey. Today I want to discuss the crucial differences between day trading and investing. So let's dive right in! Day Trading: A Risky Path to Avoid I'll be straightforward with you: day trading is not a wise choice. The truth is, it's the easiest way to lose your money and blow up your trading account. Even legendary traders, as mentioned in the book "Market Wizards" by Jack Schwager, started with little knowledge and experienced multiple account blow-ups. Personally, I despise losing money. Coming from a background where I didn't have much, I value preserving what I earn. So why would I engage in day trading, and why should you?
Great take, thank you! I also fully encourage people to NOT day-trade ... it's a path to misery ... it only 'works' (bit of sarcasm) in a crazy bull market when all things go up almost every single day, but it still does not 'work' cause one gains more just staying invested: capturing all gains and avoiding fees/commissions and precious time! Day-trading is just fantasy sold by scammers ... all empirical evidence shows day-trading is not the way!
Great take, thank you! I also fully encourage people to NOT day-trade ... it's a path to misery ... it only 'works' (bit of sarcasm) in a crazy bull market when all things go up almost every single day, but it still does not 'work' cause one gains more just staying invested: capturing all gains and avoiding fees/commissions and precious time! Day-trading is just fantasy sold by scammers ... all empirical evidence shows day-trading is not the way!
Traders do invest to gentleman. My longest investment is MSFT for 2010 to 2017.. lol
Value investing has it moments