This is the fourth in a series of small lessons I’ve learned. These little tips will seem pretty obvious to anyone who’s used to investing, but might prove useful to others.
Today’s Tip: Don’t Day Trade.
You remember when day-trading was cool, back during the Great Bubble three-four years ago. Those guys (almost always guys) taking and leaving tips on all the busy busy busy stock chat rooms and message boards, when a “hold” recommendation meant “don’t sell it until at least 3:30.
Yeah, some of them made money. Most of them were hustlers. And probably all of them got ulcers.
All I can say is: Don’t.