When it comes to the stock market, “day trading” is arguably the most popular strategy among beginners or those who don’t want to utilize the “buy-and-hold” methodology that produces strong returns in the long term.
Those who day trade stocks, an extremely speculative strategy, look to enter and exit positions using highly volatile stocks within the same day. Day traders never hold positions, at least the ones they are day trading, that is, overnight.
Predicting these short-term movements in a particular Canadian stocks or the stock market with any accuracy is something that most investors will not be successful at doing.
Around 90% of investors that attempt to day trade will fail. There is a 1 in 10 chance of either breaking even or being profitable over the long term.
It is often said that the only people who truly benefit from investors’ day trading are the trading platforms, as they rake in trading fees daily.
But, some people can…
