What are the drawbacks to day trading stocks?
Has anyone had a bad experience in a day trading 'boiler room'?
Public Comments
1. The down side is that it doesn't work. People think they are invincible when the market is going up, but they lose all of their money when the general market goes down. You should be investing in companies that protect against the down side.
2. While you can be successful at day trading, and there are many people who are successful, it takes a lot of time and resources to make it worthwhile. It is by no means easy, and in fact can be very difficult. At the very least, it is for someone who fully understands the markets and has a discplined approach to their trading, and not for part-timers.
http://www.ez-traders.com
3. No time to go to the can during trading hours.
4. the fees...and if yoiu happen to make a gain yo will be taxed big time because it is short term gain