Q: How about day trading?
A: Find one person who has made a long-term career from day trading. Short-term price data is too random to exploit. This has been demonstrated mathematically. The only way to trade successfully is to follow trends. The trends you follow must be large enough so that the average trade result is greater than the costs of trading. Day trading does not permit you to do this on a consistent basis. Long-term trading is much easier.
A: Find one person who has made a long-term career from day trading. Short-term price data is too random to exploit. This has been demonstrated mathematically. The only way to trade successfully is to follow trends. The trends you follow must be large enough so that the average trade result is greater than the costs of trading. Day trading does not permit you to do this on a consistent basis. Long-term trading is much easier.
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