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Summary: Day trading stocks should not be done by a random person without training and detailed understanding of how the market works. Day trading stocks can lose a lot of money very quickly as described from an experienced stockbroker in this free instructional video on investments and stocks.
Christopher Markowski has carried the titles of author, investment banker, equity analyst, muckraker, all-around trouble-maker and most importantly, consumer advocate. He is the...read more
"Hi, everyone. This is Chris Markowski, President of Markowski Investments and host of the nationally syndicated Watchdog on Wall Street radio show, here to tell you how to day trade stocks. Ouch! I don't day trade stocks. You've got to be kidding me. First and foremost, do you think...do you think that the wealthiest people in this country...do you think Bill Gates gets up in the morning, rolls out of bed wearing his pajamas, grabs himself a couple of Red Bulls, sits in front of his computer screen, and day trades stocks over the course of the day? Do you think Warren Buffett does that, too? Guys, it's a ruse, okay? There's...a whole, entire industry was started up to get you to do things and get you to part with your money. Trying to guess and time where the markets are is a complete exercise in futility. No one's ever been able to do it. I'm a big believer that, you know what? You get your plans set up and over time, you'll be just fine. Day trading stocks...hmm. Let me see. You're going to be able to go head-to-head with the Merill Lynch traders, the Goldman Sachs traders -- all these big guys out here that have access to information that you don't have? I don't care what bells and whistles the online trading company's offering you, you're not going to be able to do it. This is Chris Markowski, your watchdog on Wall Street."
eHow Article: Why Not Day Trade Stocks?
Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.