A few years ago, after the dot com bust, and after I lost about $150K trusting my money with Morgan Stanley during the bust, I decided to give day trading a try. I executed 100 trades, with 98 winners and 2 losers. Why did I stop? Stress, plain and simple. You have to be glued to the real time charts for the whole time the market is open, at least that’s how I did it. I traded big blocks and scalped small moves in the price. Sometimes just a couple of cents! Bottom line, it’s just not worth it to me to be so absorbed in one thing. I need a life, too! Now I make a handful of strategic trades a year, and keep an eye on the market just for amusement. And I sleep well at night.
