The stock market is seriously over-valued and under-valued (in terms of ethics). In fact, Warren Buffet once said the best source of guidance on issues of ethics is the Bible. Yet, investing can be very lucrative. Apart from ethics is the philosophy of "investing" (Investing is a term we use that describes a position trade which might last any where from several days to several weeks, or possibly as long as a month or more) versus "daytrading". Recently, some analyst mentioned the daytrading philosophy is actually adding more capacity and more people to deal with the volume. That hyper-active trading used to be profitable when they used the fraction system, but now the spreads are large due to the fractions - again, something which many people view as unethical. When it's all said and done, I like to day trade because I realize this is where the REAL money will be made. The market is dynamic, and because of that you need a trading style that's dynamic. Daytrading fits that description. I sometimes feel that, day trading can be like shooting fish in a barrel. And, as long as people like me dream about getting rich daytrading will continue. You know, my broker says short-term trading is too risky. James Cramer adds that his passion has always been stock investing, and it has made him rich. I'll stick with daytrading. |
