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Old 06-24-2019, 02:05 AM
 
Location: Spring, Texas
136 posts, read 65,179 times
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Old 06-25-2019, 09:17 AM
 
8,878 posts, read 3,927,925 times
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Originally Posted by bale002 View Post
There are indeed professional day-traders who make a living out of it over a significant period of time.

I liken them to would-be rock n' rollers or athletes: out of millions who try, only a fraction of one percent actually makes it, and, if they do, the average career is about three years, with accidents and injuries along the way, while a few elite make multi-millions.

I don't see anything wrong with a young person taking some $10,000 or so on margin and giving it a shot for a few weeks to see what happens.

There are also professional market-makers: participants who quote simultaneously both buy and sell prices for the same security. But in my experience, only large institutional traders can do that, though there might be smaller players who do it on one or just a few securities or specific contracts for relatively small amounts.

In any case, point is that there are many more market participants than just buy-and-hold long-term "investors", without whom such "investors" would have no market to hold their long-term assets in.

Life is a series of short runs, and there are many who run that race to make markets work for everybody who participates for whatever purpose.

Good Luck!
I did something similar with a $5K limit early this century, after watching my buddy make money hand over fist. He had the first local high speed internet connection.

https://www.google.com/search?source...10.6lyx0eVu2f0

The $5K lasted a few months...
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