Quote:
Originally Posted by Inspired
I have been sitting on the sidelines also and day trade only. Don't want to get chopped up going long until the market confirms.
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Day trading is gambling to me.
I find significant value in using research and analysis in order to make educated guesses on what the market will do over the long term. To me that is investing.
If you can do it, then more power to you, but the majority of day traders (somewhere in the 90% range) fail. About 80% of them fail in the first year so if you've made in longer than that, you're certainly the minority.