I don’t think this is the wisest development in Day Trading Penny Stocks, but I read an interesting article in the Charlotte Observer. Check this out:
Interest in day trading, or buying and selling stocks within the same trading day to reap quick profits, has climbed 20 to 30 percent at the academy the past few weeks, staffers say – part of a growing number of amateur investors who are actively managing their own portfolios. Financial planners, however, say day trading is a high-risk strategy. They emphasize a far different approach: holding stocks for the long term, even when the market falls.
The stock market’s recent drop – 19 percent this month – has heightened many investors’ fears. But people who actively trade stocks see the recent roller-coaster swings in the market as an opportunity to salvage retirement accounts or even make a living.
This certainly looks like an interesting program. I sure wish I had such a program available to me in my youth.
Read more here: Learning to Be Traders By Day