I've never met a day/swing trader who didn't wipe out his principal at some point.
Any number times zero is still zero. Compounding interest over the long term always beats trading. Impatience is the enemy.
My understanding is that day trading just can't work because the transaction costs of doing that many trades will wipe out your gains. Especially since the folks doing it can't put that much money in play to spread out the transaction costs.
However, if as a day trader you are mainly just competing against other day traders (and certainly not against someone like myself who buys and holds for years), then if you are better (and luckier) than your competition, you should be able to make money. Don't you think that should be possible?
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It's called throwing the kitchen sink--before 2013 problems. We have some significant and frightening issues with this economy. And I don't expect many here to even begin to understand the basics of those underlying fundamentals. Remember, we have 2 options going forward; debasement of the currency or austerity.
I don't agree with you. But even in your scenario, in the case of currency debasement, I'd much rather have my money in stocks. Stocks are an inflation hedge.
If we go the austerity route, the economy will contract and Apple will sell less stuff. But I would be curious to find out what percentage of Apple's sales go to folks making, for example, over $200,000 a year. So maybe Apple will still continue to sell, like luxury goods that continued to sell just fine right through the latest recession.