Day trading in financial markets is not something I like to see in clients.
I prefer having clients take a long-term investing perspective, utilizing passive management strategies. Day trading – also known as stock flipping or high frequency trading – is the polar opposite to this. Active management to the nth degree.
Successfully flipping stocks, bonds, and other asset classes is a tricky business. One that requires expertise, adequate time to research and continually monitor your portfolio, and nerves of steel in volatile markets. A closet full of Milk of Magnesia might not hurt either.
That said, many individuals want to learn about day trading. A look at this topic today. (more…)