DAY TRADING

Nhà cung cấp Tycho Press
Tác giả JUSTIN KUEPPER
document.converter Tycho Press
Người dịch Tycho Press
NXB 214
Ngôn ngữ English
Năm xuất bản 2005

Giới thiệu về sách

Depending on whom you ask, the term day trader has most people imagining either a wealthy twentysomething trading in front of multiple monitors, or a disheveled gambler losing thousands of dollars in mere minutes.

In reality, a day trader is somewhere in between.

It’s true that individuals day trading stocks tend to lose more money than those using a buy-and-hold strategy. In a famous study titled Trading is Hazardous to Your Health, UC Berkeley researchers looked at 66,465 households with accounts at a discount brokerage between 1991 and 1996.1 They found that those trading the most earned 6.5% less than the market average, and only a small subset of them managed to consistently make money from day trading. The researchers attributed the traders’ poor performance to overconfidence, which prompted more frequent trading, as well as the tendency to hold on to losing positions and sell winning ones. In some cases, risk-seeking also led traders to under-diversify their portfolios by investing almost all of their money in only one or two stocks.