Day trading activity a sign of a market top
Posted in Commentary on September 30th, 2009 by Sacha PeterMore articles like this one makes me feel like it’s 1999, where anybody could make a buck by flipping securities. It replaced casinos as the primary venue for gambling.
My financial proverb is the following: Your skill in finance is not based on how much money you can make while the markets are good; it’s based on how little you lose when markets turn sour.
Good proverb, although it’s not an either/or proposition. This is also known as “making hay while the sun shines”.
I like how the trader in the article is quoted as having already made “more than thousands”.