Is day trading easy?
Asked 4 years ago
Is day trading a beginner-friendly trading strategy or is it relatively complex? I am considering starting but I want to know if it is easy as I am not really interested in something that is going to be incredibly complex.
Andrew Moran
Sunday, October 17, 2021
No, day trading is not easy and it is not a beginner-friendly strategy at all.
It is an intricate component of investing.
There are a few things you need to know about day trading:
- The day trading success rate is minuscule.
- You need plenty of time to practice before you move ahead with full-time investing.
- Day trading requires to remove emotion out of the equation, which can be difficult, even as a passive investor.
Ultimately, day trading is not for beginners. You need to have lots of experience and know-how to trade stocks daily and with vast sums of equity.
Suffice it to say, it is not for the faint of heart.
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