This Simple Mistake Could Kill Your Profits in a Market Rally
Michael Foster, Investment StrategistUpdated: August 22, 2024
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