Day Trading Isn’t the Answer for Your Wealth Goals
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They’re back. The traders are back. Oh, yes. Trading volume is up. This is a story today in the Wall Street. And I again. It’s it’s you know what’s going to happen. I know what’s going to happen. I always bring up and again, I’m a big fan of the film Jaws. It’s one of those movies when it’s on and you’re flipping a station. I can’t I can’t turn away from it.
love the entire thing. And I love Quint. And when he’s talking to whoopah, whoopah, about his shark cage and the shark cage goes in the water and you go in the cage and the shark in the water and then he starts singing farewell and I do whenever I see these stories, I’m like,
People are gonna lose. They’re gonna lose. This is today in the Wall Street Journal. The thrill factor is back for retail investors. Trading activity at Charles Schwab, Morgan Stanley, and Robinhood reaches highest levels since 2022. And I talked about how amateurs flocked to trading platforms during the pandemic, but pulled back in 2022 when the market dropped.
they got crushed, just like they got crushed in the 1990s. Just like they got crushed in the 1990s with DLJ Direct and E -Trade and Ameritrade. Again, E -Trade had a bloody, I called it the Midtown Manhattan Casino, this huge building in Midtown Manhattan where people would go trade during their lunch hour. Just like people lost a fortune.
trying to go out and buy four or five pre -construction condos in Florida in the run up to the Great Recession. And they quote some people here, it’s been very, very hard to lose money. Really? Well, what’s that? They said thrill is back for retail investors. I gotta go, I’m gonna go to that song by the Eagles after the thrill is gone. Yeah, after the thrill is gone and your portfolio is decimated.
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Then what? You see, we here at Markowski Investments, we build wealth slowly, is what it is. There’s no such thing as a magic trading app. There’s no magic trading algorithm. There’s a right way and a wrong way of doing things. And everything in life that has meaning, value, and worth involves work, time, and effort. Watchdog on wallstreet .com.