[quote=pri_dk][quote=ucodegen]Turning into a daytrader? 1000 trades in 1 year averages out to about 4 a day. Do it by April, and you end up around 15 trades a day!!
Hope it is going well.. daytrading can end up eating capital.[/quote]
No need to worry…there’s a difference between daytrading and gambling.
Right?[/quote]
Well, with interest rates in a being 1% or so, it’s pretty hard not to beat it doing just about anything else. The only thing way one wouldn’t be able to beat it is doing absolutely nothing.
That’s the common problem with folks that play. Folks want to score big. Folks don’t want to take a loss or admit when they have to take a loss. I look at the total trading both gain and loss, and depending on baskets of funds and risks. For “lower risk” stuff, one would have simply been better off sticking stuff in phillip morris and letting the dividends get reinvested…starting last year. The appreciation that has happened since then makes it a moot point at this point.
