Well, the problem is not that the average trader makes too much money on swing trading, but rather the average traders makes too little profit on the short term.
We have all heard of the saying, ‘If you can’t beat them, join them.'”
But with all the news out about the short term trading industry, there’s no doubt that the majority of the traders in the industry are the same short term traders that have been telling us just how long they will be out of commission – that short term trading is a losing industry, and that volatility is not worth it.
As long as the short term traders have convinced the general public that volatility is not worth the trouble in day trading we can probably live with that. But, as long as some of us are out there trying to beat the market and get out before the next news story hits, it’s important to make more than a passing attempt to get out.
You wouldn’t think that a small group of traders and professionals could ever cause such a catastrophic loss to everyone, especially as the market moves as rapidly as it does – but that’s exactly what happened last weekend – when a group of traders and professionals decided to play it safe until they got their next trading commission.
The group tried to play it safe and just continue on the same plan; just because they are not making commissions. But, at the end of the day, that’s just not an option for most of them, and after trying to save as much cash as possible they made an incredibly foolish decision.
This group of traders and professionals made a decision to play it safe and gamble to the death while everyone else in that same short term trading market was getting out at an unbelievable speed.
The result? A massive, massive, catastrophic loss that could easily wipe out much of the money they had put into short term trading.
We all have to accept that the short term trading market isn’t a good investment right now, especially if you are making as much money as these guys. At the least they are not making good decisions.
But, as long as the short term traders have convinced the general public that volatility is not worth the trouble in day trading we can probably live with that. But, as long as some of us are out there trying to beat the market and get out before the next news story hits, it’s important to make more than a passing attempt to get out.
As long as the short term trading industry doesn
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