Day trading is the short term buying and selling of securities. Some brokerage firms that practice day trading complete thousands of trades in a day. New investors often have aspirations of becoming a day trader.
Most non-professionals who get involved with day trading or options trading wind up losing money if they stick with it long enough. In that respect, they are a lot like casino games.
The big risk with day trading is that you’ll try out a risky and ultimately unwinnable investment approach, and hit a lucky streak. This could embolden you to put serious money at risk just when your results are about to regress to the mean and deliver losses instead of profits.
Making short term day trades has another cost: For every trade you make, you incur a commission costs. That means for every buy order and every sell order, an expense is added onto your trades. These commissions add up and eat into the profits, if any, you make.
Many books, seminars and courses purport to show you how to profit from day trading. But if day trading was that easy, why would anybody work?
To focus your efforts on long-term investing instead, follow TSI Network and use our three-part Successful Investor strategy:
The key to finding the “hidden gems” in penny stocks is to understand and avoid the risks that go with them. You get the benefit of Pat McKeough’s decades of experience—and his specific recommendations—in our special report, Canadian Penny Stocks: What You Need to Know about Handling the Risks and Reaping the Rewards, on TSI Network. Claim your FREE copy right now!
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Learning how to buy stocks online can be a useful exercise for some beginning investors. But it can lead to you to big losses instead of profits
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If you think you can make big money trading penny stocks, think again. These shares rarely have significant investment value
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To entice potential clients, some investment trading companies tout the results of their “model accounts.” This can lead some investors astray
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Learn everything you need to know in '7 Winning Strategies for Dividend Investors' FREE Special Report from The Successful Investor.
The Best Canadian Dividend Stocks to Buy: REITS Canada and other Top Canadian Dividend Stocks.
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Changes to this Policy
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