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Market chaos, inflation, your future-work with a pro to navigate this stuff. that same day, and then do it all over again with another stock. A day trader might buy a stock at 9:15 a.m., turn around and sell it at 2:37 p.m. Let’s take a closer look at what day trading is, how it works and why you need to stay far, far away from getting caught in that trap! What Is Day Trading?ĭay trading is the act of buying and selling stocks within a very short window of time-we’re talking minutes or hours-with the goal of making a bunch of very small profits that will hopefully add up to big gains over time.
![day trading day trading](https://i.ytimg.com/vi/Pdpcy_FGV7I/maxresdefault.jpg)
Whenever we hear a story like that, Proverbs 28:20 (NKJV) comes to mind, which says, “he who hastens to be rich will not go unpunished.” Let us be the first to tell you day trading will leave you feeling punished.
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it seems so easy! But then a few months later, they’re stunned when the losses start piling up and they look up and realize they’ve lost all the money they put into it. They’re convinced they can quit their day job and make a fortune buying and selling stocks every single day. Well almost every single person we’ve talked to who has gotten into day trading has the same story-and the same tragic ending.Īt first, they’re all excited. Maybe you’ve got some extra cash and you’re thinking about testing the waters yourself-what could it really hurt? Maybe you’ve been talking to a buddy of yours at the gym who’s gotten into a type of investing called day trading.