Day trading stocks is a guaranteed slaughter. So why do it?
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Serious stock investors are in it for the long haul

cross-posted from: https://lemmygrad.ml/post/4714994

Less than 1% of day traders were able to beat the market… Adopt a dog, take up a sport, anything but stock trading.

  • wtypstanaccount04 [he/him]
    ·
    6 months ago

    I've said it before and I'll say it again:

    Stocks are no different from gambling in a casino. The rich own the casino, and you only have a small chance of getting lucky. If you game the system (see: gamestonks) then the casino owners will change the rules so they always end up on top.