Money Talks: Day Trading

What is Day Trading? Is it risky? Can anyone do it?

Hear Ryder and Nancy's opinions.

We also talked about a cashless society / the coin shortage.

Calls concerned:

• cashless - discriminatory?
• why wouldn't a store want to take cash
• not all sales are belief that stock is going down
• buyer beware
• Katrina caused a cash only society

According to the new server Reuters: Major U.S. brokerages that reported quarterly results this week cheered the self-directed day trading happening on their platforms as individuals with a bit of extra money and time on their hands during the coronavirus pandemic have been engaging more in markets.      https://www.reuters.com/article/us-usa-banks-results-wealth/bored-bank-customers-flock-to-day-trading-platforms-during-pandemic-idUSKCN24I1EM

According to the website Smart Asset dot com, here are the The Best Day Trading Apps of 2019: TD Ameritrade, E*TRADE, Robinhood, Acorns, and Acorns. The article lists 8 in total, each with their own special feature.   https://smartasset.com/investing/day-trading-app

Is day trading just online gambling? We’ll let you decide.

https://www.investopedia.com/articles/basics/10/investing-or-gambling.asp

https://www.fool.com/investing/general/2015/10/09/why-day-trading-stocks-is-not-the-way-to-invest.aspx#:~:text=To%20put%20it%20mildly%2C%20day,odds%20on%20a%20regular%20basis.

https://www.thebalance.com/the-striking-similarities-between-trading-and-gambling-1345200

https://www.daytradetheworld.com/trading-blog/top-4-reasons-why-day-trading-not-gambling/

Dangers of Day Trading https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html

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