Apparently, some younger, would-be investors (speculators) have become increasingly enamored with, what they believe, are the easy money opportunities offered by Robinhood and others. Some are using money provided under various unemployment programs. While they may believe that they are investing, day trading and a casino atmosphere are not investing. It appears that many may … Continued
Day trading is not investing! Wikipedia defines day trading as “speculation in securities, specifically buying and selling financial instruments within the same trading day, such that all positions are closed before the market closes for the trading day. Traders who trade in this capacity with the motive of profit are therefore speculators.” Investors construct portfolios, … Continued
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