Why day trading is retarded:
Discussion
And for the pleasure of doing all that extra trading they are also rewarded with paying capital gains tax three times 🤦‍♂️
They don’t pay capital gains tax “three times,” they pay tax on $3 of gains.
They made 7% returns in 3 weeks… that is really strong and will outperform most investors. Yes holding the stock all the way through would have been better. But if they have a formula where they can make those returns consistently, it is hard to beat.
It's low risk.
I mean it's illegal to even trade that often in the same stock. But day trading is bullshit for sure
The same stock?
Reminds me of a conversation with a guy who bragged to me how successful he was with day trading Bitcoins
100% true. I experienced it again...
Gambling is the same shitshow
Forest through the trees comes to mind.