Day trading is a waste of your time. Day traders are people who buy and sell stocks in the same day to make money. The people who make money doing that are usually employed by financial institutions and hedge funds. In fact, day trading is increasingly something that is done by machines, through what we call high frequency trading. Unlike humans, these super fast computers have no emotions, never get tired, and can send thousands of orders per second. It depends on wicked fast technology though – and without it, the average retail investor (normal people like us) simply cannot win. It’s the best way to lose money.

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