This Simple Mistake Could Kill Your Profits in a Market Rally
August 22, 2024 at 05:00 AM EDT
With stocks again on the upswing after the August 5 pullback, the appetite for risk is back! Rising markets are terrific, of course. But they do bring dangers. One is that they might tempt some people to abandon sound long-term investing and take a stab at more speculative approaches, like day trading. Before we go too far into whether you can actually make a reliable return from day trading, I’d say that to be a successful day trader, you should be aiming to beat the market … and a lot of ink has been spilled about how active managers—and I’d include individual investors here—can’t do that on the regular.… Read more