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Money Talks
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.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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