The Top 3 Reasons I Quit Day Trading

The Word on Investing

The Top 3 Reasons I Quit Day Trading

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<blockquote class="wp-embedded-content" data-secret="et4tjpGv8u"><a href="https://www.tradeway.com/podcast/the-top-3-reasons-i-quit-day-trading/">The Top 3 Reasons I Quit Day Trading</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.tradeway.com/podcast/the-top-3-reasons-i-quit-day-trading/embed/#?secret=et4tjpGv8u" width="500" height="350" title="&#8220;The Top 3 Reasons I Quit Day Trading&#8221; &#8212; TRADEway" data-secret="et4tjpGv8u" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://www.tradeway.com/wp-includes/js/wp-embed.min.js </script>

There’s a saying about day trading: “Day trading is the hardest easy money you’ll ever make.”

The thing is, when it comes to trading, the shorter the time frame, the harder it is to become profitable.

If you place a trade and close it that same day, it’s going to be very challenging for you as a new trader to make a profit from that trade.

If you place a trade that lasts longer–say a few weeks–and then close it, it will be much easier for you to become profitable.

If you were new to skiing, you wouldn’t start on the hardest, most dangerous slopes.

You would start on the bunny hill.

The thing is, day trading can be lethal to new traders’ brokerage accounts.

Nothing drains their accounts faster.

Trades that last days or weeks will require a little more patience, it’s true–but this style of trading can absolutely change your life.

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