What day trading is not is a casino. This is not a game of emotions or about taking on 50 or 100 trades per day, every day. I’m not aware of anyone who does that successfully. Those are the cowboys, and they live and die on their horses. Day trading requires a strategy. Casinos only require a lot of stupid people with cash.
Wouldn’t it be wonderful if we could know with some degree of certainty when the next recession was coming? Now, I don’t mean the exact day and hour that the four horseman of Wall Street’s next apocalypse will ride into town, or at least the signs that could tell us why this time those darkening clouds are for real.
You want to know the no. 1 reason day traders lose money? It’s right on the front page of HNW Magazine. Hold yourself accountable and don’t lie to yourself. You’re not fooling anyone.
The UK stock market is trading near record valuations just now, meaning investors could be paying a lot for what they’re getting.