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TEN GOOD REASONS TO AVOID DAY TRADING

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TEN GOOD REASONS TO AVOID DAY TRADING Day trading isn’t right for everyone. In fact, it’s a bad idea for most  people. It requires a strong personality, someone who can face the gyra tions of the markets day in and day out. And it also requires someone with  enough attention to detail to run a business. It’s a great career option for the  right person in the right circumstances. But for people who have trouble  keeping cool, who don’t have the patience to learn how to trade, and for  anyone who has a gambling problem, day trading can be a quick road to ruin. I list ten signs that maybe day trading isn’t right for you right  now. Take them seriously. Most day traders lose money, in part because a  lot of people who aren’t cut out for day trading try it anyway. Don’t fret if it  turns out that you aren’t day trader material. Most people aren’t. You Want to Learn Investing  by Day Trading Many people want to manage their own investments, and it’s certainly possi bl

DAY TRADING FOR INVESTORS

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DAY TRADING FOR INVESTORS It takes a special person to be a day trader — one who has quick reflexes, a  strong stomach, and a short-term perspective on the markets. Not every one’s meant to parcel out their workdays a minute at a time. Most people do  better with a long-term perspective on their finances, looking to match their  investments with their goals and thinking about their investment perfor mance over months or years rather than right now. But those patient long-term investors can learn a thing or two from the fre netic day trader, and that’s what this chapter is all about. Many day-trading  techniques can help swing traders, position traders, and investors — people  who hold positions for days, months, or even decades — improve their  returns and make smarter decisions when it comes time to buy or sell. Let’s face it: In theory, investors might be willing to wait forever to see great  stock picks play out, but in reality, they only have so much time and mone