26: Why Day Trading Is Like Gambling and Long Term Investing Is Queen
Girl on FIRE
English - June 27, 2021 20:00 - 16 minutes - 8.42 MB - ★★★★★ - 37 ratingsBusiness Education Self-Improvement budgeting etf expenses babysteps budget budgetwithme calculator cashenvelope daveramsey debtfree Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
🎙 Day trading is often seen as a way to get rich quick. But it’s almost impossible to day trade your way to a million-dollar retirement, especially with the effects of emotional investing and stock market sentiment. So, why does it seem like it’s the winning lottery ticket you’ve been waiting for? Why does it go wrong? And why is long term investing the better strategy? 🤔
This episode discusses topics like:
🌟 What day trading is and why most people who try day trading end up losing a lot of money;
🌟 How emotional investing impacts the stock market as a whole and your personal wealth; and
🌟 Why long term investing is the better way to get rich.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/26-emotional-investing-stock-market-sentiment
Sign up for my free Masterclass: https://www.papermoneyco.com/masterclass
Day Trader definition: https://www.investopedia.com/terms/d/daytrader.asp
Time codes:
00:00 Hello and Welcome!
02:52 What Is Day Trading?
04:03 Supply and Demand Inefficiencies in Day Trading
08:21 Sponsor - FIRE and Investment Calculator Spreadsheet
10:16 Day Trading vs Long Term Investing
13:13 Why Do People Day Trade?
14:21 Next Weeks’ Episode
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The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.