The Truth About Day Trading

Day trading, the activity of buying and selling the same financial asset on the same day, sounds like one of the smartest approaches to investing in stocks. Why bother holding onto an index fund when you can make daily profits? And to make day trading sound even better, there are lots of people on the internet nice enough to teach you how to trade, and make huge easy profits just like them, for a fee, of course.

Timestamps:
0:00 Introduction to what day trading can and can’t do for you
0:36 Is day trading an effective strategy?
6:43 Day trading for a living?
7:52 The paradox of skill
10:13 Why do day traders still day trade?

Referenced in this video:
The Cross-Section of Speculator Skill: Evidence from Day Trading
https://www.sciencedirect.com/science/article/abs/pii/S1386418113000190
Just How Much Do Individual Investors Lose by Trading? https://faculty.haas.berkeley.edu/odean/Papers%20current%20versions/JustHowMuchDoIndividualInvestorsLose_RFS_2009.pdf
Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors https://faculty.haas.berkeley.edu/odean/Papers%20current%20versions/Individual_Investor_Performance_Final.pdf
Day Trading for a Living? https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101
Understanding Skill A Paradox Plus Qualitative and Quantitative Approaches https://research-doc.credit-suisse.com/docView?language=ENG&format=PDF&source_id=csplusresearchcp&document_id=1051045621&serialid=CFuLyFE%2BEXHlo12BGWMqq8fSzI8Xcj0miB1nOa39p9U%3D
Learning Fast or Slow? https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2535636
All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors https://pdfs.semanticscholar.org/1026/cd3db0ee888fdd505a8f1e4204cd426106ae.pdf


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