April 2019
Beginner
368 pages
10h 17m
English
Content preview from Day Trading For Dummies, 4th Edition
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Chapter 19
Ten (or So) Good Reasons to Avoid Day Trading
IN THIS CHAPTER
Considering other ways to invest that suit you better
Taking into account your personality and preferences
Recognizing the hard work that successful day trading requires
Putting a damper on unrealistic expectations
Day trading is a bad idea for most people, and if I keep you from taking up trading because it’s the wrong thing for you to do, then I have done my duty. It requires a strong personality, someone who can face the gyrations of the markets day in and day out. And it also requires someone with enough attention to detail to run a business. It’s a great career option for the right person in the right circumstances. But for people who have trouble keeping cool or who don’t have the patience to learn how to trade, and for anyone who has a gambling problem, day trading can be a quick road to ruin.
In this chapter, I list eleven signs that may indicate day trading isn’t right for you right now. Take these signs seriously. Most day traders lose money, in part because a lot of people who aren’t cut out for ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.