(NeverTrade.org) Why You Should Never Day Trade: The Risks of Retail Trading Explained in One Minute
I've done this economics thing for many, many years. And over these years, I couldn't help but realize that the more you learn, the more you realize how little you know... especially in this field, I dare say :)
However, despite the fact that so few certainties exist, there is one thing I am convinced of: retail trading ruins lives.
Don't day trade, in other words, just don't.
From countless studies such as the ones quoted throughout this video to anecdotal examples involving day trading gone wrong to such a degree that it turned into an addiction, the evidence is literally shouting at you.
Why do people day trade, then? Simply put, the allure of day trading is such that folks get attracted to the proverbial dream: getting rich, enjoying life on some remote island and only clicking a few buttons each day.
Unfortunately, said dream doesn't result in realized gains for day traders statistically speaking. On the contrary, it's those who sell the dream in question (overpriced books, mastermind classes, trading groups, you name it) who proverbially make it, with the lives of their "customers" in shambles.
I truly hope this video on the one hand and my NeverTrade.org website on the other will help as many people as possible avoid ruin. If you stand by this initiative, please help me spread the word however you can.
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