It's snowing, I have a nagging cold/flu, I'm manky and a wee bit miserable, so I decided to research the stock market. Doesn't really sound like a recipe for success, does it? lol.
The first how-to video I came across when Googling "trading stocks online" was this:
First off, I applaud you if you don't fall asleep at your keyboard about six minutes in. The title is also misleading, "Live Day Trading Stocks Online and Help For June 23." I do see the live trading interface/ computer screen of the trader and hear his somewhat confident, somewhat reeking of perma-inadequacy, commentary, but I received very little by the way of help.
From what I can tell, day trading is different than purchasing and holding onto a stock. Day trading comes across as more of an educated individual gambler's game than a long term investment strategy. My guess is, though, that day traders stand to make a lot more in sudden profit than those managing long term portfolios.
Thinking even further, watching the trader move his money around, "Stopping" his volume of stock and selling it at a certain level, his actions show me the reason why the stock market is such a massive yet precarious system. When he says the market is "bleeding", he's not mistaken.
Really way out in left field: I wonder if Twitter resembles the stock market in some ways, both via individual and group actions or trends? Could a Twitter like system benefit the stock market?
More on this later. I'll make a trader out of me yet.