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Ask Dave

Day Trading Is Deadly

CJ wants to get into day trading, but Dave stops him cold on why he shouldn't.

QUESTION: CJ wants to know about day trading. Dave doesn’t have many good things to say about it … well, none at all.

ANSWER: CNN did a report that says 98% of day traders lose money. The information I would give about day trading is to not do it. It’s the best way to lose money and try to look smart while doing it. You’re going to lose your butt! Do something that has a track record of making money. Professionals in the pit lose money, so just clicking a mouse will do the same thing. Stay away from day trading!